Thanks, guys…another nifty illusion destroyed.

In the previous post, Midwest Rhino noted that our Political Class is liquidating the currency in lieu of assets.  Ouch.  It’s agonizing because it’s true.  Then SeanB added, “Until they finally run out of others money and cannot borrow any more to push the can further down the road…”

I immediately wanted to quip that we should get into the wheelbarrow business.  Then realized we could actually investigate the wheelbarrow’s legendary role in high finance.

Boooo.  Apparently…it’s legendary.  But let your disappointment be allayed by that link.  It’s a quick look at some currencies used during Weimer hyperinflation.  You know the old saying:  in for a Pfennig, out for a Rentenmark.

Advertisements

About wormme

I've accepted that all of you are socially superior to me. But no pretending that any of you are rational.
This entry was posted in Uncategorized. Bookmark the permalink.

2 Responses to Thanks, guys…another nifty illusion destroyed.

  1. Blake says:

    Rentenmark…the name almost writes the jokes.

  2. Edohiguma says:

    When you’re driving towards the abyss, you can as well floor the accelerator.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s