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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (24106)	11/10/2009 11:24:42 AM
From: Real Man	1 Recommendation Read Replies (3) \| Respond to of 71463

Interest rates paid on rouble deposits by Sberbank in Soviet Union were 3% in 1991. The rouble lost a zero that year, and 4 zeroes by 1994-1995. The minister of finance, Pavlov, engaged in "exchange of the currency" in 1991. People had 3 days to do so, or their monopoly money would become completely worthless. There were huge lines. 1 dollar bought 6 roubles, then it bought 60 roubles all of a sudden. The stores were completely empty. Too much money, but the country produced nothing and had to import everything. The country collapsed in August, with tanks and widespread violence on the streets of Moscow. People survived by growing food in their own gardens, because you could by nothing in the stores, except maybe some noodles. No butter or cheese. Who did we bail out, again?