Family "invests" $100K in beanie babies, goes bankrupt

[Rahul]

I never heard the tulip thing.

The reason I mention Billy Beer is because there was a fad back in the late 70's and early 80's where people hung on to cans and even cases of Billy Beer thinking that it was going to be worth a lot of money to collectors some day. The whole idea of it being worth anything was the result of a scam. After Billy Beer production was shut down (from all accounts it was pretty shitty beer and didn't sell that well, and even Billy Carter himself admitted to drinking Pabst Blue Ribbon, another shitty beer), someone placed an ad in a newspaper offering to buy cases of Billy Beer for something like $2000 a case. A couple weeks later they placed another ad offering to sell cases of Billy Beer for something like $200 a six-pack. Some of the schnooks went for it because they'd seen that other ad and assumed it was worth a lot of money and they could get a quick buck. Other people saw the ads and assumed that there was some huge collector market for Billy Beer and hung onto their supply for years thinking that sooner or later they could sell it and retire, when it always was and still is worthless.

BEER.

IS NOT.

WORTHLESS.

i love beer