How are we in relation to 1929? I remember studying the markets during the Great Depression and I think 3 days after the crash, the markets went up before they went back down. This may be unprecedented! What's weird is that despite the hyperinflationary policy of the U.S. government, we've been experiencing deflation. BAD! I don't even understand how this is possible. Now --- my question is: Are we going to see hyperinflation or deflation? Place your bets!
wow, I can't believe it fell that much. At 1 when I was listening to NPR it was up 94 or something like that. Just wow.
All that worries me right now is that the U.S Dollar drops and stays down for another couple years, while the Euro goes up, cause I'm borrowing money in a Euro bank to pay for school in U.S Dollars. So I'll be selfish here. A little.
On the other hand, when I have to start paying them off.. I'd like the Euro to drop instead! - assuming I'll be working in the U.S..
It's going to be okay. My mom is freaking out. She lost a shit load of money, but she doesn't need to take it out for another 15 years, if even then so I think she will actually make a killing off of this. Seriously, everyone needs to stop freaking out. It's making it worse.
neither do I I thought I was smart but this kind of shit does not make any sense I renounce my intellectualism, I am returning to the cave.
at least in the cave, you can just stare at shadows on the wall and make your own name for things. Your own little world. Sounds good, eh?
Because then we'd have to return to barter. Here's a woman in Weimar Germany (1920s) using currency to light up her stove: