>>So, after Miloševic's crash course in inflation, we're ready. Is everybody else?
>
>Ko je vas (Milosevicev rezim) poznav'o - Tome ni pakao nece tesko pasti !
>Sve svoje (a i tvoje) ostavljam - samome sebi!
>(Nisam mogao da nadjem tacno scenu ali ovde ima dost za nasmejati se
>
http://www.youtube.com/watch?v=yr-gudQWLCM )
>
>Well, I don't want to even contemplate of FED trying to pool the same trick with Chineese and others, as Milosevic did with eh-YU
>banking systems. Like print trillions in quick seccession, and exchange them quickly for actual hard currencies...
>Hyper Inflation is not even that big of a problem, what folows afterwards is scarry to even think about.
There's a huge difference. We all had hard currency at hand. Not in hand, never kept enough, but it was on the street. And the whole thing worked by permanent quick exchange of dinars for marks and back. Sloba's cash dealers would have freshly printed money in their hands a day before it becomes official. I remember seeing a two inch thick wad of banknotes in the hands of a guy at a gas pump somewhere in downtown Belgrade one morning, and then I saw newspapers where these banknotes were announced as "will be in circulation starting tomorrow".
So Sloba was pumping out value by buying dinars with the marks from the previous transaction, then printing more dinars and buying the marks back, making a nice difference in the process. But what here? I bet 99% of the population has never had any foreign currency in their hands, or had to recalculate prices to the current exchange rate. Foreign currency is practically nonexistent here, so it would be really interesting to see what will be the reserve value. Barter? Forty eggs for a gallon of gas, eh?
