Wetlook World ForumCurrent time: Fri 29/03/24 09:12:00 GMT |
Message # 50908.15 Subject: ...there is one conceivable way for this to happen... Date: Sat 09/07/11 11:30:34 GMT Name: MK Email: wamtec@comcast.net |
Report Abuse or Problem to Nigel at Minxmovies
|
...i.e. if the Federal Reserve keeps following their insane economic policy of "Quantitative Easing" (a fancy term boffins use....which means....when you are out of money...just keep on printing more paper money to flood the market) this causes currency devaluation and hyper-inflation on a massive scale as happened during the Weimar Republic in Germany in 1923 and in Hungary in 1946, and more recently in Zimbabwe....causing the currency to become so worthless that people had to scoop up wheelbarrows of banknotes just to buy a loaf of bread...
http://en.wikipedia.org/wiki/Hyperinflation
Those of us who have savings in other currencies (not the Euro, cos that is going to crash soon too)....might be able to buy one million dollars using only 100 UK Pounds pretty soon....but frankly, the way things are going these days, I would rather sell my domain for 10 x 1 ounce gold coins (which is currently worth $15,000) than to sell it for paper currency.....cos I reckon within a few years that 10 ounces of gold is probably going to be worth a lot more than the U.S. Dollar or the Euro will be worth.
MK |
In reply to Message (50908) thejeanpool.com for sale
By John - Wed 06/07/11 14:47:51 GMT Website: http://www.thejeanpool.com/ thejeanpool.com is for sale, $1 million. |
Report Abuse or Problem to Nigel at Minxmovies
If you enjoy this forum, then please make a small donation to help with running costs:
(you can change amount)
|
[ This page took 0.027 seconds to generate ]