Tuesday January 06, 2009 at 11:22
sds:
Bailout tab approaching $8 trillion
(H/T Hilker)
I was originally going to use one of these famous pictures from the Weimar Republic, but this seemed a little more with the times.
Children playing with stack of worthless currency, Germany 1923
Woman burning stacks of worthless currency in her stove for heat, Germany 1923
All three pictures taken from an interesting article called The Insolvency Crisis: How we got here, and what to expect. Note when it was written.
Also, there’s this. Not a prediction, just a historical observation.
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