SUBSIM Radio Room Forums - View Single Post

Skybird · 03-03-18, 08:12 AM

http://www.bbc.com/news/av/world-lat...s-of-banknotes

The author is illustrating nicely what hyperinflation looks like. However, where he said part of the problem is that the banks have no more cash, he shows that he has misunderstood the problem. Cash there always is enough, and you do not solve anything by pouring even more cash into a system. The problem is the devaluing of money that it means when you inflate the amount of cash in circulation, and tokens of money being artificially created pointless crap having zero value in themselves.

Inflation rate 13000 percent. While having the biggest oil reserves in the world. Socialism scores big time once again.

03-03-18, 08:12 AM	#14
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 40,504 Downloads: 9 Uploads: 0	http://www.bbc.com/news/av/world-lat...s-of-banknotes The author is illustrating nicely what hyperinflation looks like. However, where he said part of the problem is that the banks have no more cash, he shows that he has misunderstood the problem. Cash there always is enough, and you do not solve anything by pouring even more cash into a system. The problem is the devaluing of money that it means when you inflate the amount of cash in circulation, and tokens of money being artificially created pointless crap having zero value in themselves. Inflation rate 13000 percent. While having the biggest oil reserves in the world. Socialism scores big time once again. __________________ If you feel nuts, consult an expert.