Article

2008-12-18 Home Front Economy

Financial crisis: Free money coming your way!

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by tipper 2008-12-18 13:17|| || Front Page|| [6 views ] Top

#1 To paraphrase PJ o Rourke,

If you think life is expensive, wait till money is "free".

Posted by Bright Pebbles 2008-12-18 13:36|| 2008-12-18 13:36|| Front Page Top

#2 I still have a few trillion reichsmark.
In 1923 people used them for heating because that was cheaper than buying coal with the bills.

Posted by European Conservative 2008-12-18 17:08|| 2008-12-18 17:08|| Front Page Top

#3 EC, I'd love to get one of those from you if you're interested in parting with one.

Posted by Steve White 2008-12-18 17:15|| 2008-12-18 17:15|| Front Page Top

#4 Oh not the ones I have because they are family heritage.

But those notes sell on German Ebay

Here's a picture (1 billion=1 trillion in the U.S.)

http://www.preussen-chronik.de/_/bilder/523_Eine_Billion_Reichsmark.jpeg

Posted by European Conservative 2008-12-18 17:21|| 2008-12-18 17:21|| Front Page Top

#5 Of course people used the smaller denominations for heating. In the last weeks before the system was changed people carried their daily (!) wages home in cartloads, but before you could buy some bread with it the whole load had become worthless.

No urban legend btw.

Posted by European Conservative 2008-12-18 17:23|| 2008-12-18 17:23|| Front Page Top

#6 Stamps would cost a few billions

http://www.zum.de/whkmla/stamps/germany/gerinfla1.jpg

Posted by European Conservative 2008-12-18 17:25|| 2008-12-18 17:25|| Front Page Top

23:57 AzCat
23:08 crosspatch
23:02 ed
22:58 JonathanOZ
22:53 ed
22:48 Mike N.
22:44 Barbara Skolaut
22:44 ed
22:31 ed
22:27 lotp
22:26 hammerhead
22:21 ed
22:12 lotp
22:14 Frank G
21:39 Caesar Omung5273
21:36 Halliburton - Mysterious Conspiracy Division
21:34 3dc
21:33 3dc
21:28 3dc
21:20 trailing wife
21:19 crosspatch
21:15 Broadhead6
21:05 P2k on holiday
20:52 Nimble Spemble