tag:blogger.com,1999:blog-8290973459084131413.post478634811439800359..comments2024-03-23T06:42:28.774+08:00Comments on the view from fanling: the colour of moneyDennis Hodgsonhttp://www.blogger.com/profile/09409579380626581592noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-8290973459084131413.post-35134812886770225922011-03-01T22:54:32.237+08:002011-03-01T22:54:32.237+08:00Many historians think that the German govenment in...Many historians think that the German govenment in the early 1920s deliberately let hyperinflation rip, as a cunning plan to try to get out of paying Reparations. This certainly helps to explain why Schacht's new Rentenmark did not immediately inflate the way the old currency had donePeter G. Shilstonhttps://www.blogger.com/profile/14738298407725174339noreply@blogger.comtag:blogger.com,1999:blog-8290973459084131413.post-31415717522986906452011-01-26T17:34:00.156+08:002011-01-26T17:34:00.156+08:00Good point Anastasia. Perhaps I should have includ...Good point Anastasia. Perhaps I should have included Schacht in the story, but I wanted to draw on examples from further back. On the subject of inflation/unemployment, the two tend to rise and fall in tandem, although whether there's a cause-and-effect relationship I don't know.Dennis Hodgsonhttps://www.blogger.com/profile/09409579380626581592noreply@blogger.comtag:blogger.com,1999:blog-8290973459084131413.post-75199520438329438912011-01-26T16:01:06.189+08:002011-01-26T16:01:06.189+08:00Good post, Dennis. Let me just add the same point...Good post, Dennis. Let me just add the same point I made on blog spot.<br /><br />Paper money - no more than a sort of promissory note- is one of history's great confidence tricks, and the greatest confidence trickster of all was Hjalmar Schacht, who ended the German inflation of the early 1920s by saying that his new paper money was better than the old paper money! I must write about thisAnastasia F-Bhttps://www.blogger.com/profile/01284602529524462457noreply@blogger.comtag:blogger.com,1999:blog-8290973459084131413.post-68757545377729631762011-01-26T09:03:29.863+08:002011-01-26T09:03:29.863+08:00I'm in the same position microdot. I spend mos...I'm in the same position microdot. I spend most of my time in Hong Kong, but I spend the summer in the UK. The HK dollar is pegged to the US dollar, so I have to watch the dollar:sterling exchange rate very closely. I think that we'll be seeing more of the kind of informal economic arrangement you describe in the future.Dennis Hodgsonhttps://www.blogger.com/profile/09409579380626581592noreply@blogger.comtag:blogger.com,1999:blog-8290973459084131413.post-15261465714990803562011-01-26T06:48:50.580+08:002011-01-26T06:48:50.580+08:00Very nicely put.
I live balanced between currencie...Very nicely put.<br />I live balanced between currencies. I try to divine the best moment to change US Dollars to Euros and vice versa. Having a limited income makes every point of exchange really mean something.<br />Lately the only exchanges I feel good about are when I trade labor with my friends. Help me build barn doors, I help you retile your roof...microdothttps://www.blogger.com/profile/01564820031343630871noreply@blogger.comtag:blogger.com,1999:blog-8290973459084131413.post-11598334473216437362011-01-25T04:53:33.905+08:002011-01-25T04:53:33.905+08:00Thanks Mr. Dennis! This is totally educational to ...Thanks Mr. Dennis! This is totally educational to me. Very good read. Waiting for your next:-)Yun Yihttps://www.blogger.com/profile/06311104014692132715noreply@blogger.comtag:blogger.com,1999:blog-8290973459084131413.post-22121818518332950242011-01-24T22:08:29.379+08:002011-01-24T22:08:29.379+08:00Do you have his number Bruce?
RZ, did you know th...Do you have his number Bruce?<br /><br />RZ, did you know that they used playing cards in Quebec in the early 18th century? They had the same function as banknotes.<br /><br />The electronic age has already changed things Ben...that will be part two, when I get round to it.Dennis Hodgsonhttps://www.blogger.com/profile/09409579380626581592noreply@blogger.comtag:blogger.com,1999:blog-8290973459084131413.post-89307495217011816442011-01-24T06:10:09.227+08:002011-01-24T06:10:09.227+08:00Very good! I thoroughly enjoyed that trip through ...Very good! I thoroughly enjoyed that trip through history! I wonder how the electronic age will change things?Benhttps://www.blogger.com/profile/11039105311355493107noreply@blogger.comtag:blogger.com,1999:blog-8290973459084131413.post-88795499079554117612011-01-24T04:44:41.510+08:002011-01-24T04:44:41.510+08:00Excellent piece.
Sea shells were once used for cu...Excellent piece.<br /><br />Sea shells were once used for currency. <br />The same goes with tea, salt, cotton and other commodities. <br />Perhaps it is time to go back in time. <br /><br />Gold can/will crash just like any other manipulated commodity. <br />It is better to know when to get out, than when to get in. :-)Tao Dao Manhttps://www.blogger.com/profile/16229628652152584292noreply@blogger.comtag:blogger.com,1999:blog-8290973459084131413.post-30531274665594488762011-01-23T21:42:06.075+08:002011-01-23T21:42:06.075+08:00Brilliantly told, Dennis. Any wonder that the pric...Brilliantly told, Dennis. Any wonder that the price of gold continues to go through the roof?<br /><br />You should turn this post into a screenplay. I think Johnny Depp will want to play the part of John Law.Bruce Coltinhttps://www.blogger.com/profile/12861316663245952372noreply@blogger.com