Comments on: Printing Money

By: PeterGunn

PeterGunn — Fri, 20 Mar 2009 05:10:17 +0000

How about Zimbabwe right now?

Can you spell A-r-g-e-n-t-i-n-a?

Here comes rampant inflation!

By: virgil xenophon

virgil xenophon — Thu, 19 Mar 2009 20:09:41 +0000

Barter items? Bags of silver dimes–most flexible deal goin’. Glad I got/laid up mine during the Carter years when silver was around $4/oz. Too late for that now tho…but if they push through these proposals on ammunition a good box of shells will do just as well..

By: Marianne Matthews

Marianne Matthews — Thu, 19 Mar 2009 19:38:40 +0000

MaxDamage … Barter is always the last resort when people are bedeviled by an intrusive, corrupt government. Staying under the radar becomes a necessity if one is to survive. Sometimes governments figure out ways to track this eventually, but the present Congress hasn’t had to learn this yet.

They will, though. So when you work up your CV of what practical skills you have and want to circulate it among possible trading partners, don’t do it by computer. Do it by snail-mail instead. Otherwise, the b**tards will get hold of it somehow, and there goes your way out of this mess.

Marianne

By: babs

babs — Thu, 19 Mar 2009 17:08:10 +0000

We all must position any assetts we have left to hedge for inflation. You have about 18 months to do that before inflation kicks in with a vengence and dilutes any savings you have made over your life time.
I called my broker the other day and told his sec. that I was considering buying a diamond mine in S. Africa!

By: ras

ras — Thu, 19 Mar 2009 15:46:55 +0000

So, if I’m over-extended on my credit card, all I have to do is write a big check to cover it, right? Works for a little while. Until the check bounces…
This is a very dangerous path.

By: MaxDamage

MaxDamage — Thu, 19 Mar 2009 07:08:52 +0000

Anybody else remember Germany at the end of World War 1, where it took a wheelbarrow full of money to buy a loaf of bread?

Currency is nothing more than a medium of exchange. I’ll trade you a loaf of bread for these green slips of paper only if I know I can trade these green slips of paper to the miller for my wheat.

Once the green slips are not worthy of attention as a medium of exchange, people start trading bread for chickens and plumbing repair for suppers. Trade still happens, money is no longer involved.

And if money isn’t involved, there’s no way to track or tax it.

I wonder if anybody thought of that?

– Max