click to close
help
edit

Forums
Off Topic

What $100 BILLION can buy you... Archived From: Off Topic

  • Text Only
  • Search this Topic »
  • switch to 'Classic' view
  • Page :
  • 1
alert mods    
alert mods    

That's just messed up.

alert mods    

Billionaires, trillionaires and quadzillionaires on every street corner.

alert mods    

"The RBZ has noted with concern the unjustifiable and incessant general increases in prices of goods and services."

Glad they're taking a strong stance and noting that there is inflation. That's the first step.

alert mods    

FWF discussion Text

alert mods    

$100 billion for a loaf of bread. And I thought Vons was expensive. I've been reading about this for a while. Check Wikipedia. The government should probably give up trying to print money. It's now just paper with big numbers on it. Soon the cost of the paper will be more than the value of the note.

I wonder if this is what we might look forward to in the U.S. someday.

alert mods    

burgerwars said:$100 billion for a loaf of bread. And I thought Vons was expensive. I've been reading about this for a while. Check Wikipedia. The government should probably give up trying to print money. It's now just paper with big numbers on it. Soon the cost of the paper will be more than the value of the note.

I wonder if this is what we might look forward to in the U.S. someday.

When this time comes, can't the government just setup an internal cash system that would work only in their country so people can work and eat?
I guess this only works if they were a self sufficient country.

Also food in that country is as expensive as the US. Who figures out these currency exchanges.
100 Billion = 1 USD = 4 oranges.

alert mods    

With inflation that high, what is even the point of a cash based system? Just go back to bartering...

alert mods    

Home of the Homeless Billionaires!

alert mods    
alert mods    

The part that I think is messed up about all this hyper inflation stuff is like for retired people living on savings. Say someone there had like $50,000,000 in savings (back when that could buy a lot). Now with hyper-inflation that money is worth considerably less right? So they thought they had enough to live for 20 years. Now with prices the way they are they only have enough in savings for 1 year. To me that would be the worst position to be in. Or am I just looking at this wrong??

 Close

Sign Me In
Nickname: 
Password: 
Remember My Login Information:

Forget your login information?

Not Already A Member?
Sign Up Now!



Disclaimer: By providing links to other sites, FatWallet.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to FatWallet.com.


  • © 1999-2008
  • Message Board Statistics RSS Feed Information
Savings add up when you visit our HOLIDAY DEALS and CASH BACK SALE.
There are currently 1,047,165 people just like you registered to earn Cash Back From FatWallet. Be the next!
Sign up to join the discussion & earn Cash Back from FatWallet:
close