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Title: This is what happens when money losses its value Post by: buysellbitcoin on July 28, 2014, 04:20:48 AM That was hilarious and if we do not stop war, crony capitalism, destroying countries this may be real for all of us.
http://buysellbitco.in/news/this-is-what-happens-when-money-loses-its-value Regards Title: Re: This is what happens when money losses its value Post by: subvolatil on July 28, 2014, 04:55:02 AM That was hilarious and if we do not stop war, crony capitalism, destroying countries this may be real for all of us. http://buysellbitco.in/news/this-is-what-happens-when-money-loses-its-value Regards this is an amazing example, but sadly an example that has repeated through history, time and time again. For example during the Great Depression of the 1930's, many European countries faced a similar crisis, the worth of money has gone so low that it was cheaper to burn stacks of money for heating than buy Fire-wood. Germany at that time faced the worst brunt of the Depression in Europe with money becoming worthless and and to carry a sack full of money to buy a loaf of bread. The current financial still is vulnerable to such drastic inflation. Title: Re: This is what happens when money losses its value Post by: polynesia on July 28, 2014, 04:38:09 PM That was hilarious and if we do not stop war, crony capitalism, destroying countries this may be real for all of us. http://buysellbitco.in/news/this-is-what-happens-when-money-loses-its-value Regards this is an amazing example, but sadly an example that has repeated through history, time and time again. For example during the Great Depression of the 1930's, many European countries faced a similar crisis, the worth of money has gone so low that it was cheaper to burn stacks of money for heating than buy Fire-wood. Germany at that time faced the worst brunt of the Depression in Europe with money becoming worthless and and to carry a sack full of money to buy a loaf of bread. The current financial still is vulnerable to such drastic inflation. Reminds me of a story in Germany. A basket full of money was left outside a shop. Somebody stole the basket and left the money behind. :D Hyperinflation is a killer. Title: Re: This is what happens when money losses its value Post by: dashingriddler on July 29, 2014, 03:14:25 AM That was hilarious and if we do not stop war, crony capitalism, destroying countries this may be real for all of us. http://buysellbitco.in/news/this-is-what-happens-when-money-loses-its-value Regards Which country is this? Also why cannot their govt de-notify smaller denomination and print higher denomination currency notes to avoid this situation? Title: Re: This is what happens when money losses its value Post by: bitcoinkerala on July 29, 2014, 03:32:21 AM That was hilarious and if we do not stop war, crony capitalism, destroying countries this may be real for all of us. http://buysellbitco.in/news/this-is-what-happens-when-money-loses-its-value Regards Which country is this? Also why cannot their govt de-notify smaller denomination and print higher denomination currency notes to avoid this situation? Sudan .. Title: Re: This is what happens when money losses its value Post by: chronicsky on July 29, 2014, 07:52:47 AM That was hilarious and if we do not stop war, crony capitalism, destroying countries this may be real for all of us. http://buysellbitco.in/news/this-is-what-happens-when-money-loses-its-value Regards wow! hilarious , it's just like as it was with bitcoins , i remember seein a post which is being revived time by time the post was of a guy Selling 10k btc for 50 $ no one bought it lol i would buy it for 1000$ now :D Title: Re: This is what happens when money losses its value Post by: polynesia on July 29, 2014, 02:37:23 PM Which country is this? Also why cannot their govt de-notify smaller denomination and print higher denomination currency notes to avoid this situation? They do. But the higher denomination currency notes become worthless very soon. That is hyperinflation. ;D Title: Re: This is what happens when money losses its value Post by: subvolatil on July 29, 2014, 03:06:59 PM Which country is this? Also why cannot their govt de-notify smaller denomination and print higher denomination currency notes to avoid this situation? They do. But the higher denomination currency notes become worthless very soon. That is hyperinflation. ;D Yes ! now the defecto currency used there is the US Dollar. There is a funny story i read a few months back about the US Dollar going through a laundry service there and this laundry service is not what you are thinking about. it is more like a actual Laundry service where old US dollar notes are cleaned and repaired in order for it to be reused. lol Title: Re: This is what happens when money losses its value Post by: bitcoinkerala on July 30, 2014, 04:06:31 AM That was hilarious and if we do not stop war, crony capitalism, destroying countries this may be real for all of us. http://buysellbitco.in/news/this-is-what-happens-when-money-loses-its-value Regards Which country is this? Also why cannot their govt de-notify smaller denomination and print higher denomination currency notes to avoid this situation? http://static.guim.co.uk/sys-images/Guardian/Pix/pictures/2009/3/25/1237999328897/Zimbabwe-One-Hundred-Tril-001.jpg |