Posted on 11/17/2007 5:51:10 PM PST by DogByte6RER
Mugabe's Marxist "utopia" has guaranteed one thing...there will be lots and lots of "millionaires" in Zimbabwe now. That's because they will all be equally poor.
Bring back the $100 and smaller denomination bills. Print on rice paper with edible ink. That way they'll always have some value, even if it's nutritional value...
It will be the only country in the world where everyone is a millionaire and the masses live in abject poverty.
“Mugabe’s Marxist “utopia” has guaranteed one thing...there will be lots and lots of “millionaires” in Zimbabwe now. That’s because they will all be equally poor”
We all knew this would happen. Mugabe will disappear with millions of USA dollars.
Carter did a great deal to support the African Socialist regimes, back in the day.
Hard to imagine a form of government that has failed so utterly and completely as the Socialist/Communists, in Africa and nearly everywhere else.
“Print on rice paper with edible ink. That way they’ll always have some value, even if it’s nutritional value...”
Chocolate covered??
Hopefully, they are edible.
There was a time when two US Dollars were required to by one Rhodesia Dollar. Fortunately Jimmy Carter fixed that problem.
Except for those members of government who actually have access to the foreign exchange, who are, like always, cleaning up on exchange rates, becoming dollar millionaires. By the by, internet access now runs 14 billion Zimbabwe dollars a month.
africawinsagain...
What do you do, sell a kidney to send e-mail?
That’s a neat little design for a roll of toilet paper :-)
now that they are all millionaires maybe they will give something back and help the poor people
I’ll say it again: Zimbabwe’s future is revolution.
Biggest banknote ever printed was Hungarys’..from Richard Daughty of the Mogambo Guru-The Daily Reckoning..excerpt...
the all-time world record was set when “Hungary went through two hyperinflationary periods. From 1922 and 1924 the inflation in Hungary reached 98%. This seems quite timid when compared to the inflation rate of 41.9 quintillion percent reached in mid-1946 recorded as being the worst in modern history. At this rate prices doubled every 15 hours. By July 1946, the 1931 gold pengo is worth 130 trillion paper pengos.”
As an interesting aside to this, “The Hungarian National Bank has the dubious honour of circulating the largest denomination banknote - that being the 100 quintillion pengo.”
How much is a quintillion? Less than a zillion! Hahaha! Okay, seriously, in the United States and France, it’s a 1 followed by 18 zeroes, while in Great Britain and Germany, a quintillion is the number 1 followed by 30 zeroes. Either way, it’s a lot. And less than a zillion! Hahaha!
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Editor’s Note: Richard Daughty is general partner and COO for Smith Consultant Group, serving the financial and medical communities, and the editor of The Mogambo Guru economic newsletter - an avocational exercise to heap disrespect on those who desperately deserve it.
Thanks for the chuckle.
I agree with another poster regarding revolution is in Zimbabwe’s future.
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