Hyperinflation in Belarus...

Discussion in 'Silver' started by SilverSale, May 30, 2011.

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  1. fishball

    fishball New Member Silver Stacker

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    Actually the moral of the story is,

    1. Take out massive loans in a currency that's going to die
    2. Buy tangible assets such as property or PMs.
    3. Currency dies and your loan is inflated into nothingness
    4. ????????????
    5. Profit!
     
    fishball, May 31, 2011
    #21
  2. projack

    projack Well-Known Member Silver Stacker

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    I spent some time in these Eastern European countries last year and I can tell you that devaluating the local currency is disastrous for the average people. Fist they have very low income, and most of the monthly bills like telephone, cabal TV, internet, even international train travels are calculated in Euros or USD and converted back in local currency at the time of billing. Bank loans are over 20% if you take them out in local currency, so most people use Euros, Swiss Franks, or USD for borrowing.
     
    projack, May 31, 2011
    #22
  3. Mitchell

    Mitchell Member

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    [​IMG]
     
    Mitchell, May 31, 2011
    #23
  4. renovator

    renovator Well-Known Member

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    ^^^^ lunch ?
     
    renovator, May 31, 2011
    #24
  5. RhythmDoctor

    RhythmDoctor Active Member

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    Sorry officer, I just said I'd give him 50 bucks for the Grizzly... :p
     
    RhythmDoctor, May 31, 2011
    #25
  6. systematic

    systematic Well-Known Member

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    systematic, May 31, 2011
    #26
  7. renovator

    renovator Well-Known Member

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    renovator, May 31, 2011
    #27
  8. bsides

    bsides Active Member Silver Stacker

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    thanks guys for explaining his loan was likely in USD, which makes sense.
     
    bsides, May 31, 2011
    #28
  9. jnkmbx

    jnkmbx Well-Known Member

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    Totally man, I'm all about toast with honey and peanut butter. :p
     
    jnkmbx, May 31, 2011
    #29
  10. phillis

    phillis Member

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    maybe its a good time to go tour belarus.

    oh snap.
     
    phillis, May 31, 2011
    #30
  11. Goldmember

    Goldmember Member

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    They might end up something like this?? ->

    [​IMG]
     
    Goldmember, May 31, 2011
    #31
  12. systematic

    systematic Well-Known Member

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    they should print a million dollar note depicting an emperor with no clothes .... or in stages of undress in line with the magnitude ... maybe then the public will "get it"
     
    systematic, May 31, 2011
    #32
  13. thatguy

    thatguy Active Member

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    Being green I can see the sheeple trying to eat it... but get it... NAH!

    Not even if the put the words "monopoly" and "play" on it :p
     
    thatguy, May 31, 2011
    #33
  14. Ilikemetals

    Ilikemetals Member

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    haha that's an awesome pic!
     
    Ilikemetals, May 31, 2011
    #34
  15. Goldmember

    Goldmember Member

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    Goldmember, Jun 1, 2011
    #35
  16. Blockhead

    Blockhead Active Member

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    i love the section in that website "spiritual life"

    the "jesus stuff" subsection outweighs the "spiritual stuff" by 6 to 1.

    Jesus is a subsection, Composting Toilets however get their own main category.
     
    Blockhead, Jun 1, 2011
    #36
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