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Originally posted by DrumsRfun
reply to post by SonOfG
Its the yes men guy.
Prove to me its not??
Originally posted by Wide-Eyes
reply to post by TheOneElectric
Do we have any economists here? Is what the trader's saying true? Are peoples savings just gonna disappear?edit on 28-9-2011 by Wide-Eyes because: (no reason given)
Germany went through its worst inflation in 1923. In 1922, the highest denomination was 50,000 Mark. By 1923, the highest denomination was 100,000,000,000,000 Mark. In December 1923 the exchange rate was 4,200,000,000,000 Marks to 1 US dollar. In 1923, the rate of inflation hit 3.25 × 106 percent per month (prices double every two days). Beginning on 20 November 1923, 1,000,000,000,000 old Marks were exchanged for 1 Rentenmark so that 4.2 Rentenmarks were worth 1 US dollar, exactly the same rate the Mark had in 1914.
Originally posted by TheOneElectric
reply to post by cryptographrix
In no way is taking responsibility pessimism.