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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.13+0.1%Dec 4 4:00 PM EST
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To: elmatador who wrote (29999)2/27/2008 11:55:13 AM
From: Elroy Jetson  Read Replies (1) of 218182
 
The 1990's, while a few years ago, is hardly the "pre-Columbian period" as you claim.

Brazil has recently been experiencing a brief period of relative stability. Let us hope it continues for a while.

Brazil's 30 trillion-fold hyper-inflation, while worse than Wiemar Germany, is nothing to be embarrassed about. It's not record breaking -- Zimbabwe still holds the world record.

I do like the many name changes in the Brazilian Monetary Samba. It's such a complicated dance.

1967 - three zeros are dropped and the cruzeiro becomes the cruzeiro novo.

1986 - three zeros are dropped and the cruzeiro novo becomes the cruzado.

1989 - three more zeros are dropped and the cruzado becomes the cruzado novo - later renamed the cruzeiro for no good reason.

1993 - three zeros are dropped from the cruzeiro which becomes known as the cruzeiro real.

1994 - the cruzero real is replaced by the real, worth 2.75 old cruzeiros reais.
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