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Strategies & Market Trends : The coming US dollar crisis
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To: Real Man who wrote (37195)4/15/2011 3:15:06 PM
From: benwood2 Recommendations  Read Replies (2) of 71406
 
A Russian friend of my father-in-law's, an exchange professor at his university in eastern Washington, told me that when he came over (I forget the exact year, about 12 years ago I think), bread was $1 a loaf. When he returned to Russia 10 months later, bread was $20 a loaf (equivalent).

He said his wife's pay as a high school physics teacher remain fixed the entire time that rampant retail inflation ravaged their economy. I don't recall what it was, but it was pretty small, maybe $500/mo in US dollars, something like that.

Good times...
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