Chart usGOLD   Chart usSILVER  
 
Food for thought
Politics: "The conduct of public affairs for private advantage."
Ambrose Bierce  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1283.290.83
Silver 20.380.00
Platinum 1457.001.25
Palladium 870.501.37
WORLD MARKETS
DOWJONES 16563-306
NASDAQ 4370-93
NIKKEI 15520-101
ASX 56238
CAC 40 4246-66
DAX 9407-186
HUI 234-5
XAU 99-2
CURRENCIES (€)
AUS $ 1.4413
CAN $ 1.4607
US $ 1.3387
GBP (£) 0.7931
Sw Fr 1.2169
YEN 137.7350
CURRENCIES ($)
AUS $ 1.0768
CAN $ 1.0912
Euro 0.7470
GBP (£) 0.5925
Sw Fr 0.9090
YEN 102.8830
RATIOS & INDEXES
Gold / Silver62.97
Gold / Oil13.11
Dowjones / Gold12.91
COMMODITIES
Copper 3.230.00
WTI Oil 97.87-0.30
Nat. Gas 3.82-0.02
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Hyperinflation In Action: Beer For Bag Of Cash
Published : January 29th, 2013
113 words - Reading time : less than a minute
( 2 votes, 5/5 ) Print article
 
    Comments    
Tweet

In May 2011, Belarus surprised its citizens by devaluing its currency by 50% overnight in an attempt to kickstart its economy, leading to swift and brutal hyperinflation. And while written narratives of the most recent episode of monetary collapse are one thing, nothing is quite as amusing, and grounding for those attempting to "value" money (such as Nobel prize winning economists writing out of their steel exoskeletal ivory towers), as watching a bag of cash be used to pay for seven boxes of beer. And nothing is quite a cathartic as spending several hours trying to count said cash - cash backed by the "full faith and credit" of the Belarus central bank...


Tweet
Rate :Average note :5 (2 votes)View Top rated
Previous article by
Charleston Voice
All articles by
Charleston Voice
Next article by
Charleston Voice
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
MOST READ
TOP RATED
MOST COMMENTED
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Charleston Voice

All the stuff you don't want to know about, but should. And, when you do know, you realize that for the present you are powerless to change it This article is brought to you by the Charleston Voice E-mail List. To subscribe FREE to the distribution list, send an e-mail to the author with 'SUBSCRIBE' in the subject line.
Charleston Voice ArchiveWebsite
Most recent articles by Charleston Voice
7/27/2014
7/23/2014
6/30/2014
6/27/2014
6/17/2014
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer