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Reply #13: Not worthless, but not worth much either. [View All]

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OllieLotte Donating Member (495 posts) Send PM | Profile | Ignore Fri Sep-12-08 03:27 PM
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13. Not worthless, but not worth much either.
They could run the printing press and keep paying you. The problem would be that the money they were paying you with could buy little or nothing. I heard of a case in Europe after WW1 where someone had left a basket of money lying around and someone came and took the basket leaving the money behind. I have a photo of a young woman actually stuffing bundles of money into a stove for heat. (I don't know how to post photo's otherwise I would put it on this post...sorry)

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  -If the U.S. government goes bankrupt, what happens to i-bonds? shrike  Sep-09-08 05:42 PM   #0 
  - they are lost  grannie4peace   Sep-09-08 05:43 PM   #1 
  - If the country goes belly up we're all screwed.  EmeraldCityGrl   Sep-09-08 05:47 PM   #4 
  - I found this.......  Tangerine LaBamba   Sep-09-08 05:46 PM   #2 
  - There is of course, an alternative to bankruptcy ...Raise Taxes..  Stuart G   Sep-09-08 05:46 PM   #3 
  - The Treasury Could Decide the Conditions  ribofunk   Sep-09-08 05:48 PM   #5 
  - Just think U.S. Confederacy Bonds and what they were worth after  whistle   Sep-09-08 05:48 PM   #6 
  - A 70's movie called "Americathon" was about a telethon bailout  The_Casual_Observer   Sep-09-08 05:49 PM   #7 
  - Remember the government can always print money...  spin   Sep-09-08 06:03 PM   #8 
  - I don't like to overreact to things  shrike   Sep-09-08 07:39 PM   #9 
  - I have similar concern with Treasury Bills  DemReadingDU   Sep-10-08 09:11 AM   #11 
  - If you trust the Gov't to pay the debt, keep them  dixiegrrrrl   Sep-09-08 10:22 PM   #10 
  - It's almost impossible for a govt to go "bankrupt." Even Zimbabwe isn't "bankrupt"  HamdenRice   Sep-10-08 10:18 AM   #12 
  - Not worthless, but not worth much either.  OllieLotte   Sep-12-08 03:27 PM   #13 

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