09 March, 01:16
Example of 'Hyperinflation.'
"Zimbabwe dollar estimated that it was losing value so quickly that its decline was equivalent to prices doubling in stores every 1.3 days.
The Zimbabwean government decided to fight fire with fire and printed even more money in higher denominations. Eventually, the country would produce a $100 trillion Zimbabwean dollar note — which had an exchange rate of about $30 (U.S.) in January 2009 and $5 in 2011. By 2015, it was worth just 40 cents"
https://money.howstuffwork...
"Zimbabwe dollar estimated that it was losing value so quickly that its decline was equivalent to prices doubling in stores every 1.3 days.
The Zimbabwean government decided to fight fire with fire and printed even more money in higher denominations. Eventually, the country would produce a $100 trillion Zimbabwean dollar note — which had an exchange rate of about $30 (U.S.) in January 2009 and $5 in 2011. By 2015, it was worth just 40 cents"
https://money.howstuffwork...
How much actual money is there in the world? | HowStuffWorks
Exactly how much money is there in the world? Learn how some have counted the amount of money that exists and why it's such a difficult task.
https://money.howstuffworks.com/how-much-money-is-in-the-world.htmNotice: Undefined index: tg1tga_access in /home/admin/www/anonup.com/themes/default/apps/timeline/post.phtml on line 396
On the plus side, it would make it really easy for people to pay off their debt.
Imagine owing $300k on a home loan for which you can barely afford the payments. But suddenly you're earning $1 million per year instead of $50k, and you can pay off that existing debt in a few months. You still own the home, so the value of that would survive any currency reset.
Could be a good thing for the little guy if it were quickly followed by a sound currency replacement.
:)
Imagine owing $300k on a home loan for which you can barely afford the payments. But suddenly you're earning $1 million per year instead of $50k, and you can pay off that existing debt in a few months. You still own the home, so the value of that would survive any currency reset.
Could be a good thing for the little guy if it were quickly followed by a sound currency replacement.
:)
07:05 AM - Mar 09, 2022
In response Vincent Kennedy⍟ to his Publication
Only people mentioned by Otherhalf in this post can reply
