Zimbabwe's central bank will introduce a $50 billion note -- enough to buy just two loaves of bread -- as a way of fighting cash shortages amid spiraling inflation.
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The prettiest toilet paper in teh wurlde
A look at our future....LOL!
I visited in 2001 for the solar eclipse and the exchange rate was $55 Zim to $1 US. The parallel rate was $135. Since then they've chopped off about six or nine zeros.
My! My! They must be very large loaves, mustn't they?
If we allowed conservatives to continue to run our economy, we would be in the same boat.
Our Conservatives are Nazi socialists, while the Liberals are Marxist communists. Not a whole lot of difference there. The 15% of remaining freedom loving Americans are being crushed between the two.
There is actually an enormous difference between the two, if you knew the first thing about economics, history, or politics.
Nah, conservative problems with the economy aren't related to inflation. They just blow their money into Ponzi schemes.
The situation in Zimbabwe is a horror, but Americans hear little about it.
I know of an American woman running an orphanage there who is lucky enough to have internet. Her ISP recently said, "We aren't even going to bother billing you anymore because by the time you get the bill the price has gone up astronomically, so it's not even logical from a bookkeeping standpoint to bill you. We'll just figure out what you owe us sometime in the future."
The price of bread and simple staples doubles, triples, quadruples every day. There is never enough money for the basics.
She has a garden that helps feed the children, but fears it will eventually be taken forcefully by people ravaged by hunger.
There are many orphanages and they all need money. If you want to feel good about something today, research an orphanage of your choice and send some money, if you can, and ask a few friends to do the same.
Here's some background info on the situation there and various links: http://www.osisa.org/taxonomy_menu/3/17
And coming to a U.S. city near you..in U.S. Dollars. Seriously.
No, it isn't. Actually, right now, the biggest risk isn't inflation but *deflation*, where a dollar buys you more but it doesn't matter because you just lost your job.
Notice C said "coming" - you said "right now". The US has debts no plausible scenario can pay off. We are presently accumulating greater and greater debt at an accelerating rate - the only way to square the accounts is to rig the accounting - by printing our way out of the hole. The presses are already working around the clock.
Increasing the money supply without an underlying increase in productivity (corn, wigets, gold) is inherently inflationary.
Modest inflation is the worker's friend - always has been - the money you use to pay your debts is worth slightly less than the face value of the original debt.
Runaway inflation guts entire economies and ruins nations. See above.
Without a doubt, inflation is coming to our economy - the struggle will be to control the pace; devalue the currency enough to make a dent in the debt without utterly debasing the dollar.
It's a good time to be a farmer - you won't be able to eat that wide-screen TV.
What's the economy-priced tourist guide called:
"How to See Zimbabwe On $5 Trillion A Day."
$1 US = $9,657,587.66 Z
Krusty: Fifteen thousand mazzulians! Holy shamola! Whaddya gonna do with all that kablingy?
What Hambali is saying is 100% correct about the "broken" agreement with the British - however, Mr Mugabe 's legacy will go down the alleys of Idi Amin (Uganda), Mobutu (Zaire - now Congo) etc...decimating the lives of their people, of our people! - Yes, indeed a few countries are still paying a huge price of colonialism, pillaging minerals and resources from Britain, France, Belgium and Germany (to a lesser extent at least they left Tanzania intact)! - Despite all this, I am apalled and disgusted at the silence from all other African leaders in the region! - I am confident that he is the last of the dinasaurs in Africa's history - there is a new African generation that will not tolerate this complicity again!
As anyone on here seen the movie online Zeitgeist? It details how the American and British Oligarchs have taken us all for a ride for over a hundred years. They are the ones behind the economy of any country (Sorry, America, especially yours). They are the ones responsible for the creation of the new money system, which is backed by nothing worthwhile. In their belief, they strongly know that any cabal that controls the money supply of any nation has more power than those that make the law. So, while we are here deprecating over the Zibabweans, just know that every economic downturn we have experienced around the world are put in place by the member of this oligarch, just a means to control our minds.
Enough said.
http://video.google.com/videoplay?docid=-594683847743189197
H.ell, that's nothing. Bush thinks that kind of money is something you flush down the t.oilet in I.raq every day....
Here's a story that should make our pseudo-libs so happy. Mugabe's your man folks...after all he liberated Rhodesia. Never mind it was the bread basket of Africa...good old commie Bob, you've done your people proud!! Where there once were farms, industry and jobs, there is now zilch!
But what the hell, they've got Gaza to rant and rave about now, while many, many more millions of Zimbabwean's suffer.
they need a bernie madoff
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CNN | January 10, 2009 05:15 PM