[Rhodes22-list] Re tiring debt...

[Brad Haslett]

Ed,

That reminds me of a story - about 20 years ago I converted $40 at the
hotel in Manaus, Brazil into "whatevers". Whatevers came in three
versions, old with zeros stamped on them, newer, and newest.  The
easiest way to remember what was what in whatevers was that the
smallest bills were the most valuable.  After holding a lengthy
discussion on world problems at a sidewalk bar with some Amazonian
woman, I pulled about 3 pounds of money out of my pocket to pay the
tab.  The gal picked a bill or two out of the pile and shoved the
other 2.99 pounds of dough back at me and said, "worthless!"

Oh I hope it doesn't come to that.

Brad

On Thu, Dec 4, 2008 at 6:08 PM, Tootle <ekroposki at charter.net> wrote:
>
> Robert,
>
> I asked this question of a noted economist.  His reply was simply default on
> debt and issue new currency.  If you stop and think about it, in your
> lifetime many countries have done that.  And for justification, the debt was
> created for the world benefit.  Just food for thought.
>
> Ed K
> Attachment:
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> North+Myrtle+Beach+Sunrise.JPG
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