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<p>[QUOTE="Drusus, post: 434224, member: 6370"]yeah, kinda like post WWI Germany, our money has not so slowly become more and more worthless (although not near as quickly as in Germany). Its not near as bad as then but I could see it becoming that bad (hope it doesnt)...we havent started printing higher denominations yet and eliminating the lower value ones but I think its going to get to that soon...its inevitable when you have congress giving out huge sums of money, then, on top of that...giving tax breaks instead of actually trying to balance the give and take...we have to give this much so lets take it from here...balancing cuts with spending...we need to free up larger amunts of money. Huge sums of new money flooding the economy everyday making each dollar worth that much less.</p><p> </p><p>In post WWI Germany those who had gold were able to save much of their money when the Reich mark was finally axed and the Rentenmark was introduced...problem it, if you had 500,000 Reich mark...by the end of hyperinflation they were worth half the price of a loaf of bread and it did even come close to making up the value of even one single Rentenmark....in essence, if you didnt have silver and gold, you lost almost all of you money in the switch...<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p> </p><p><br /></p><p> </p><p>BTW, I cant think of any civilization where gold and silver became worthless....just because I cant think of it doesnt mean it didnt...how about one example? Paper money and other fiat types of money, yes...even at the hieght of devaluation in Rome...Gold was still highly valuable...as civilations fell, the ones who took over still wanted and valued the gold...[/QUOTE]</p><p><br /></p>
[QUOTE="Drusus, post: 434224, member: 6370"]yeah, kinda like post WWI Germany, our money has not so slowly become more and more worthless (although not near as quickly as in Germany). Its not near as bad as then but I could see it becoming that bad (hope it doesnt)...we havent started printing higher denominations yet and eliminating the lower value ones but I think its going to get to that soon...its inevitable when you have congress giving out huge sums of money, then, on top of that...giving tax breaks instead of actually trying to balance the give and take...we have to give this much so lets take it from here...balancing cuts with spending...we need to free up larger amunts of money. Huge sums of new money flooding the economy everyday making each dollar worth that much less. In post WWI Germany those who had gold were able to save much of their money when the Reich mark was finally axed and the Rentenmark was introduced...problem it, if you had 500,000 Reich mark...by the end of hyperinflation they were worth half the price of a loaf of bread and it did even come close to making up the value of even one single Rentenmark....in essence, if you didnt have silver and gold, you lost almost all of you money in the switch...:) BTW, I cant think of any civilization where gold and silver became worthless....just because I cant think of it doesnt mean it didnt...how about one example? Paper money and other fiat types of money, yes...even at the hieght of devaluation in Rome...Gold was still highly valuable...as civilations fell, the ones who took over still wanted and valued the gold...[/QUOTE]
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