Go Back   Matt-Hughes.com Official Forums > General Discussions > The Woodshed

Reply
 
Thread Tools Display Modes
  #1  
Old 02-25-2009, 05:38 PM
CAVEMAN
Guest
 
Posts: n/a
Default 2009 CRASH

I don't agree with everything GB says, but he does have a point here.....

Where does the madness stop? See link below:

http://www.youtube.com/watch?v=YDEe0Ai6lTM
Reply With Quote
  #2  
Old 02-25-2009, 06:37 PM
CAVEMAN
Guest
 
Posts: n/a
Default

WOW......crickets........no replies
Reply With Quote
  #3  
Old 02-25-2009, 06:41 PM
Crisco
Guest
 
Posts: n/a
Default

Can't view youtube at work. What happened?
Reply With Quote
  #4  
Old 02-25-2009, 06:47 PM
CAVEMAN
Guest
 
Posts: n/a
Default

Basically, Glenn Beck reviews just how much money the Federal Reserve has printed up in the last few months and how it is devaluing our money. But yet some how we are going to get this economy going again......

If you get a chance after work, you should watch the vid.
Reply With Quote
  #5  
Old 02-25-2009, 06:55 PM
VCURamFan's Avatar
VCURamFan VCURamFan is offline
MMA, VCU, & Doctor Who
 
Join Date: Jan 2009
Location: Basketball Capital of the World
Posts: 14,324
Send a message via AIM to VCURamFan
Default

Quote:
Originally Posted by CAVEMAN
Basically, Glenn Beck reviews just how much money the Federal Reserve has printed up in the last few months and how it is devaluing our money. But yet some how we are going to get this economy going again......

If you get a chance after work, you should watch the vid.
Is this the "Hockey Stick" segment he did with the scissor lift?
__________________
Reply With Quote
  #6  
Old 02-25-2009, 06:58 PM
Crisco
Guest
 
Posts: n/a
Default

This country is F-d no matter what happens or who is President. The economy will have to adapt and fix itself in the end. The best we can hope for is no terrorist attacks.
Reply With Quote
  #7  
Old 02-25-2009, 07:59 PM
CAVEMAN
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by VCURamFan
Is this the "Hockey Stick" segment he did with the scissor lift?

Yes!
Reply With Quote
  #8  
Old 02-25-2009, 07:19 PM
NateR's Avatar
NateR NateR is offline
Administrator
 
Join Date: Jan 2009
Posts: 5,742
Default

Quote:
Originally Posted by CAVEMAN
Basically, Glenn Beck reviews just how much money the Federal Reserve has printed up in the last few months and how it is devaluing our money. But yet some how we are going to get this economy going again......

If you get a chance after work, you should watch the vid.
I watched this video a couple of weeks ago and talked about this in another thread:

Quote:
Originally Posted by NateR
Back to the hyperinflation, when Germany started printing money out of control, prices skyrocketed to unbelievable levels almost overnight.

This is a 50 Mark note, which could buy 25 loaves of bread in 1920 (equivalent to our dollar, bread is about $2 a loaf right now).


This is a 5,000,000,000 Mark note (that's 5 billion). In November 1923, you would have needed 40 of these to buy a single loaf of bread (equivalent to $90 billion for one loaf of bread).


Within hours, you would have needed 80 of these to buy half a loaf of bread. That's how quickly it can all fall apart.

There were many factors that played into the collapse of the German economy, but the basic premise is sound: If you print too much worthless money, eventually ALL of your money becomes worthless.
But it's not all bad, you can always use the worthless bills for wallpaper like this German in 1923:


And the street sweepers will have plenty of work to do, like this Hungarian whose country suffered from hyperinflation in 1946.
__________________
Reply With Quote
  #9  
Old 02-25-2009, 08:02 PM
CAVEMAN
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by NateR
I watched this video a couple of weeks ago and talked about this in another thread:



But it's not all bad, you can always use the worthless bills for wallpaper like this German in 1923:


And the street sweepers will have plenty of work to do, like this Hungarian whose country suffered from hyperinflation in 1946.
I did not catch that one! Scary, isn't it?
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 12:12 PM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.