Not even close. The Germans were spending $64,000 marks for a loaf of bread.
How about this...
20 million DM postage stamp, to mail a letter.
Mark
Posted on 05/28/2008 6:45:06 AM PDT by Dick Bachert
I wish I could, I don’t have that much money! ;)
Treasury has lowered the minimum purchase amounts for its’ TreasuryDirect online accounts that anyone can open. The paper savings bonds accumulated can be converted to online ledger accounts even.
Still, there is a huge demographic that doesn’t know anything about computers and probably will never care to learn. Those I-bonds were a pretty good deal (at times) for those who wanted to park a nice chunk of money in a safe spot, and have favorable tax advantages. They aren’t a marketable security though.
One of my plastic pipe suppliers stopped making a price list because the prices were going up weekly and the rep of one of the others just made the announcement they are raising their prices across the board 28%
Depends on the product/service.
For example: gasoline went up from $3.92 to $4.11 in my area within a 9 day period. That's approximately a 5% jump in a little over a week. A loaf a bread last year cost me around $2.79 last year (not on sale), the same loaf is at around $4.19 one year later.
I bought a 10lb bag of rice a few months ago at $3.66. This past weekend it was $8.88.
Not me. I got my BAHOG.
A couple of weeks ago I was in rural Appalachia having lunch at a hole-n-the-wall. Sitting next to me were two old coots who were talking about their lawnmowing jobs.
I overheard one quiz the other about why one shrub at a big job wasn't growing. The other rustled himself up enough to say that he would "look it up online when he got home tonight to see if it was a low light or full sunlight shrub."
The moral of this little incident is: when rural Appalachian old-timers have adopted the Internet...***EVERYONE*** is on-line.
So don't go kidding yourself that there are people who aren't online. Maybe at a few nursing homes on invalid beds, but the rest of the U.S. is online now.
Nah, the plural of anecdote is not data. Trust me, there are millions who don’t *like* computers, and want nothing to do with them.
Ten years ago I’d buy that line.
well its not worth diverting a point that isn’t the point, suffice it to say there are millions that don’t use banks, much less buy T-bills, notes and TIPS through the TreasuryDirect website. It’s easier than ever before for those of modest means absolutely correct, (and no commissions!) but that’s another matter. Willing and able are joined at the hip.
Not even close. The Germans were spending $64,000 marks for a loaf of bread.
How about this...
20 million DM postage stamp, to mail a letter.
Mark
I knew someone from Germany who lived through this. He said they took their pay home in wheel barrows.
...the prices that had doubled from 1914 to 1919 doubled again during just five months in 1922. Milk went from 7 Marks per liter to 16; beer from 5.6 to 18. There were complaints about the high cost of living. Professors and civil servants complained of getting squeezed. Factory workers pressed for wage increases. An underground economy developed, aided by a desire to beat the tax collector... Rathenau's state funeral was a national trauma. The nervous citizens of the Ruhr were already getting their money out of the currency and into real goods -- diamonds, works of art, safe real estate. Now ordinary Germans began to get out of Marks and into real goods... As prices went up, the amounts of currency demanded were greater, and the German Central Bank responded to the demands... The price increases began to be dizzying. Menus in cafes could not be revised quickly enough. A student at Freiburg University ordered a cup of coffee at a cafe. The price on the menu was 5,000 Marks. He had two cups. When the bill came, it was for 14,000 Marks. "If you want to save money," he was told, "and you want two cups of coffee, you should order them both at the same time." ...A factory worker described payday, which was every day at 11:00 a.m.: "At 11:00 in the morning a siren sounded, and everybody gathered in the factory forecourt, where a five-ton lorry was drawn up loaded brimful with paper money. The chief cashier and his assistants climbed up on top. They read out names and just threw out bundles of notes. As soon as you had caught one you made a dash for the nearest shop and bought just anything that was going." Teachers, paid at 10:00 a.m., brought their money to the playground, where relatives took the bundles and hurried off with them... The flight from currency that had begun with the buying of diamonds, gold, country houses, and antiques now extended to minor and almost useless items -- bric-a-brac, soap, hairpins. The law-abiding country crumbled into petty thievery. Copper pipes and brass armatures weren't safe. Gasoline was siphoned from cars. People bought things they didn't need and used them to barter -- a pair of shoes for a shirt, some crockery for coffee... When the 1,000-billion Mark note came out, few bothered to collect the change when they spent it. By November 1923, with one dollar equal to one trillion Marks, the breakdown was complete.
No unstated agenda here. No sirree.
/sarc
Feel free to send me all your useless US currency.
Zimbabwe inflation now over 1 million percent
AP on Yahoo | 5/21/08 | Angus Shaw - ap
Posted on 05/21/2008 9:19:12 AM PDT by NormsRevenge
http://www.freerepublic.com/focus/f-news/2019198/posts
Zimbabwe introduces half-a-billion dollar note
AFP on Yahoo | 5/15/08 | AFP
Posted on 05/15/2008 11:41:50 AM PDT by NormsRevenge
http://www.freerepublic.com/focus/f-news/2016440/posts
“Sorry the Fed isn’t running the printing presses.”
Hahahahaaha
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