Money

[titchard]

Thank you for a sensible answer, I'll read in to it.

No worries - try and find some pictures too, there are pictures of children making play-houses out of bundles of notes, as they were worth pretty much nothing!

Rich

 

[Azagoth]

Just look at Zimbabwe as a good current example of hyper-inflation

Excuse me while I go and buy a packet of Tic-Tacs!

 

[coolpunkskater]

If they printed more and gave it out the money would be worth less.

Look up hyper-inflation - I remember reading about it where a country did just that, printed off more money, and people would be paying millions for loaves of bread, and wheelbarrows full of money were literally pocket change.

Rich

Germany just after the war springs to mind

 

[divine`]

No worries - try and find some pictures too, there are pictures of children making play-houses out of bundles of notes, as they were worth pretty much nothing!

Rich

 

[Muffin`]

Looks like that in a Council house over here.

 

[coolpunkskater]

http://www.pbs.org/wgbh/commandingheights/shared/minitext/ess_germanhyperinflation.html


Or


http://en.wikipedia.org/wiki/Hyperinflation

 

[Scania]

Right, Well all know money is just a number on a computer these days.

Too true & what would happen if something ever screwed up our electrical supply and / or electronic infrastructure?

 

[divine`]

Looks like that in a Council house over here.

...just with five times as many kids?

 

[Vonhelmet]

See also: The Russian Rouble and the Ukranian Koupon.

When I went to the Ukraine in 95 I remember paying 20000 koupons for a bottle of Pepsi and getting change.

 

[TaKeN]

Scuzi... Its time to take iBot into that secret room you mods have..

Where you thrash them with canes and stuff ?

 

[Vonhelmet]

Too true & what would happen if something ever screwed up our electrical supply and / or electronic infrastructure?

Bruce Willis would show up and kick everyone's ass.

 

[titchard]

A cheers Divine, that is the image I was on about!

When you really think about it "Just printing a few extra million" out is quite a scary prospect! It effects everything so dramatically!

Rich

 

[G-MAN2004]

Bruce Willis would show up and kick everyone's ass.

 

[Nash]

I've got a degree in economics and things about money and stuff, so basically it's all about supply and demand.

 

[benneh]

Is this guy for real?.

 

[_PD_]

I always wondered - in Germany when things went crazy and everyone had 100,000,000Dm, what would stop you leaving it in a bank account and waiting 20 years for things to be back to normal again and then still having silly amounts in the bank and being the richest man in Germany?

 

[PardonTheWait]

iBot's ban clock is ticking. I'm going to start a book, I give him no more than one month

 

[Tefal]

I always wondered - in Germany when things went crazy and everyone had 100,000,000Dm, what would stop you leaving it in a bank account and waiting 20 years for things to be back to normal again and then still having silly amounts in the bank and being the richest man in Germany?

would probably have re-evaluated the currency and said your 1 billion is now worth so and so amount.

 

[Tefal]

iBot's ban clock is ticking. I'm going to start a book, I give him no more than one month

and posts like this don't count as spam and attempts to derail threads :/

 

[strudey]

I always wondered - in Germany when things went crazy and everyone had 100,000,000Dm, what would stop you leaving it in a bank account and waiting 20 years for things to be back to normal again and then still having silly amounts in the bank and being the richest man in Germany?

If I recall once the economy is stabilised the currency is usually replaced with a new one - i.e. 1 new drachma = 1,000 old drachma. Your 100 million will be valued at a set amount of the new currency.