Then look at this.
The hyperinflation episode in the German
Weimar Republic in the 1920s. The below memorial medal shows the prices for bread, meat and 1 glass beer on November 1. 1923.
1 pound bread = 3 Milliards (3 Billions in the US)
1 pound meat = 36 Milliards (36 Billions in the US)
1 Glass beer = 4 Milliards (4 Billion in the US)
Memorial medal But this wasn't the end. The prices were going up literally hourly. An old 100 Trillion mark note, printed in 1924. In Euope is 1 Trillion = 1 Billion.
100-Billionen-NoteSo what could you buy for 100 Trillions in those days? To compare in November 1923 4.200.000.000.000 Mark had a value of just 1 US dollar.
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