Zimbabwe Inflation Tops 100,000 Percent

AP ^ | 02/21/08 | Angus Shaw

[TigerLikesRooster]

We have seen our future, and it is Zimbabwe.:-)

[TigerLikesRooster]

Ping!

[Comparative Advantage]

I’m just glad that evil Ian Smith is gone. /s

[Zuben Elgenubi]

Mugabe just keeps printing more money so the military thugs will have the means to get what they need. Everyone else is irrelevant.

[TheBattman]

Where can one buy currency from Zimbabwe? I rather enjoy having a token bit of foreign currency. Not looking for investments in any form. I just like having some paper money from other countries - especially unusual looking, or otherwise interesting currency.

[TigerLikesRooster]

Even Mobutu Seseseco is better than Robert Mugabe

[jiggyboy]

“However, the so-called ‘core’ inflation rate, which does not include volatile food and energy prices, is currently running at 2.3 percent.”

[TigerLikesRooster]

And dropping.:-)

[skipper18]

Im thinking the Zimbabwean version of FreeRepublic is rife with posts about how “this is great for exports. Keep getting that dollar lower, Mr Bernankehammed!’

[Kenny Bunk]

When Rhodesia's inflation rate hits 1,000,000%, sell.

Obviously they need a uniter like Barack Hussein Obama to get everyone pulling together to get this straightened out.

[detective]

All the Democrats from Carter to Clinton have praised Mugabe and put him in office and supported him and kept him in power. Mugabe is a brutal evil dictator who has murdered millions and destroyed his country’s economy. The Democrats should take responsibility for what they have done.

[submarinerswife]

Channeling Dr. Phil: So hows that working out for you, Mugabe?

[TruthShallSetYouFree]

(Overheard at a coffee shop in Zimbabwe)

Damn! I’ve got one of those adjustable rate mortgages!!

[Maceman]

I confess I was unaware that Iraq’s inflation rate is 60%. Wondering why I haven’t seen that blasted all over the MSM (or reported here, for that matter).

Does anyone know whether that 60% is lower than it was a year ago, or is it going higher?

[agere_contra]

The National Incomes and Prices Commission, the government's price control body

Zimbabwe wiped out its own food production in a fit of racist pique. Crushing what production remained by price regulation is one of those one-two punches that no industry can survive.

[SoFloFreeper]

Where can one buy currency from Zimbabwe? I rather enjoy having a token bit of foreign currency. Not looking for investments in any form. I just like having some paper money from other countries - especially unusual looking, or otherwise interesting currency.

From the article, sounds like this will do just as well as their currency:

[TigerLikesRooster]

Iraq Inflation Rate

2003	2004	2005	2006	2007
70.00%	29.30%	25.40%	33.00%	64.80%

[NavyCanDo]

Correct me if I’m wrong, but isn’t the name of the President of Zimbabwe, Jimmy JaCarterbwa?

[JimRed]

When money has ceased to have value, barter is all you have left. If you’ve got nothing to trade you’re in deep doo doo.

Just pray that you can work for the farmer for a share of the crop.

[monday]

Currently 1.00 EUR = 1.47448 USD

The US dollar has lost about 50% of it’s value since Bush took office. Mostly during the last 3 years. Double digit inflation is coming to the US for the first time since that brain dead moron Carter was president.