|
Tim Jones (Jones)
All American Three Course Meal. 52 cents! 1965. I remember those days. I recall buying two dollars worth of gas for my 53 Oldsmobile, my first car, 8 gallons. That would last me almost a week. Yeah, the ole' Yankee Dollar isn't worth very much these days.
The way the Fed is pouring money into US economy, hyper-inflation may make the dollar essentially worthless. A trillion here, a trillion there. Pretty soon you are talking some real money......
Between 1921 and 1923, the German Mark became essentially worthless. I have somewhere in my photo archives a pic of a million Mark postage stamp. The stories about wheelbarrows full of Marks for a loaf a bread are true.
The US came to the aid of Germany in 1922-23. Created a new German Mark backed by the US Dollar which was backed by gold.
Who or whom is going to bail us out? China? Saudi Arabia? Russia? Germany? 
|