Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Maybe more than anything else, the price underscores the  frightening rate at which the money becomes steadily less valuable, its increasing worthlessness and devaluation which are coupled with and encouraged by inflation.
Who's been in a supermarket lately? A good part of this is being brought to you courtesy of the U.S. foreign debt and the U.S. custom of destroying its foreign debt by destroying its currency. Will the world ever tell the U.S. where to get off and stop servicing it? No, because I guess the people who make such decisions are in on the game. Who remembers the hideous stagflation of the 1970s when the Vietnam debt had to be written off? Well, I'll try not to.
by Quentin on Thu Nov 1st, 2007 at 08:24:41 AM EST

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