"I don't remember any time, maybe even in the Great Depression, when things went down quite so fast, quite so uniformly around the world," Volcker said.
I have, amongst my stuff someplace, a German 200 Mark coin from the early 1920s; it is made of aluminum. It's the same size as another, later, coin in my collection, a 5 Reichsmark piece. The latter is made of silver.
Hey, did you hear? There's a new coinage proposal being floated in the US:
Those pennies and nickels in your pocket cost more to manufacture than they are worth. That's why the Obama administration wants to use cheaper materials -- possibly an aluminum alloy -- to make the coins.No news on whether the new C-notes indeed have an adhesive backing...
(H/T to SurvivalBlog.)