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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: KeepItSimple who wrote (80982)12/23/1999 12:46:00 PM
From: SeaViewer  Read Replies (2) of 86076
 
Fiat/paper money rose at a rate of around 100% per day, to the point where if you didn't cash your paycheck instantly after receiving it you would be thrown into poverty.

It happened in 1948-1949 in China. I was not born. But the olders told me people had to cash the paycheck as fast as they could, so they could buy rice. It was a total choas and it accelerated the fall of Kumingdong (the ruling party).
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