inflation was 50%/month. That put a hurt on everyone. Fernando Color de Melo was elected president. The day after his inauguration the country woke up to every bank account in the nation was locked. No withdrawals allowed. No one had cash - except a certain few who were somehow linked to the new power structure - as the only way to lose less money was to have any spare cash invested in special accounts with the banks, and folks still lost, just not as much. I can't recall now how long the accounts were locked and prices frozen, but when they finally were opened up again folks had taken a HUGE hit. There were cases where someone had sold a truck (cargo type) so as to invest in a newer one and now the money on hand would MAYBE buy the tires.
We're from the government and we're here to help! Yeah. Right.
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I'm a peaceful man and prefer the pursuit of peaceful sports. Those involving teams and balls of any sort tend to be deleterious to one's body and promote violence by both spectators and participants.
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Inflation
- Jim Taylor, 2023-08-09, 06:53
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Yup, it takes $8.31 to buy
- Grover Sr, 2023-08-09, 13:29
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Flagstaff's mayor put the $15 per hour
- Gary Reeder, 2023-08-09, 13:41
- Yup, the inmates are now running the asylum in most places (nm) - Grover Sr, 2023-08-09, 15:07
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Flagstaff's mayor put the $15 per hour
- Gary Reeder, 2023-08-09, 13:41
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Re: Inflation
- AmBraCol, 2023-08-09, 07:17
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I was living in Mozambique when their money was devalued 50%
- Jim Taylor, 2023-08-09, 07:24
- There for a while... - AmBraCol, 2023-08-09, 13:47
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I was living in Mozambique when their money was devalued 50%
- Jim Taylor, 2023-08-09, 07:24
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Yup, it takes $8.31 to buy
- Grover Sr, 2023-08-09, 13:29