Regards, Ivan
Ping!
I'm going to go out on a limb and say they need to start planning 1 million dollar notes post haste!
All those zeroes use up precious ink. They need to learn exponential format, as pretty soon they will require 1e9 dollar bills.
This sounds like the hyperinflation that happened before Hitler came into power. People would take a wheelbarrow load of Marks to the market to buy a loaf of bread.
This lead to Hitler's rise to power. They better watch out that this doesn't happen in Zimbabwe. Oh, wait, they already have Hitler in power. Now what they gonna do
What they need is a Federal Reserve System!
/sarc
Ah... but the Liberals still love Mugabe. Even though he is a homophobe.
Gee... I wonder what happened.
An excellent lesson for Demoncrats (or Labour Party) who want to raise taxes on the "rich." When you raise taxes, you get less because people avoid the activity that causes the tax.
I think I read an article recently which stated that the government over there didn't have enough money to purchase the ink and paper needed to print the new bills.
Too funny.
L
a sad place. I send money to some African sisters to pay their family's school fees, but they end up using it to buy food.
This is what happens when do-gooders replace a working government with trash.
What happens when communism takes control.
This corrupt government seized farms from white owners.
This rampant inflation is just another way of seizing the assets of anyone who was foolish enough to remain in the corrupt country.
It's too bad that the people are suffering, but it's the fault of the corrupt communist government.
In 2000, just before the farm invasions began, the Zim dollar was trading at a fairly stable Z$55.00 to US$1.00
Socialism at its finest. You would think that the idiots who promote wealth re-distribution in the USA and Britain would learn something from this, but, of course, they're idiots and hence incapable of learning. (I'm talking about New Yorkers and Massholes especially as well as any of the voters who voted for anyone in the black Kongressional caucus, all democrats, people who think John McCain is distinguishable from dog squeeze, and Bushbots who think that no child left behind, the senior prescription drug give away and amnesty for Mexicans is a good idea)
just when you think they cannot find any way to screw up more in Zbwe, they find one.
"In its relentless search for cash to fill its empty treasury, the Government last week imposed a punishing new tax on the stock market. Brokers immediately halted trading, losing the state tax revenue equal to £17,000 a day.
On Monday the Government declared potatoes a “strategic crop” after realising that “the country cannot continue depending on maize alone for its food security”.
"
I don't see why they don't go ahead and start printing 500k or 1M notes instead of 100k, for that matter.
Gold anyone???
This is worse than Germany in the late 1920s, no? People back then were using the money for wallpapering and such.
With their maize-only policy, how can they make bread?
Zimbabwe seems to be the role model for the "new" Bolivia and Venezuela.