To: nickcarraway
So it is a 5-7% markup to get physical dollars with the expectation that it will get worse when the Zimbabwe government issues "bond notes" which will be tied to the dollar (guaranteed, 100% backed, no cheating, pinky swear, cross my heart and hope to print 100 trillion dollar bills again).
10 posted on
10/26/2016 11:30:22 PM PDT by
KarlInOhio
(" T'was the witch of November come stealin' " And who could the stealing Witch of November be? Hmm?)
To: KarlInOhio
The initial idea of a third world country using only first world currency is appealing. It has worked in Panama and Peru.
It’s only when they start “tying” their currency or doing things like this, as mentioned in the article:
“In desperation, Zimbabwe’s central bank said last month it will introduce legal tender it calls “bond notes,” pegged to the U.S. currency...”
11 posted on
10/27/2016 12:02:40 AM PDT by
VanShuyten
("a shadow...draped nobly in the folds of a gorgeous eloquence.")
To: KarlInOhio
pinky swear, cross my heart and hope to print 100 trillion dollar bills again With or without expiration dates?
I think Drudge had an article today about Venezuela giving up and deciding to print bills with 200 times the current face value, to keep up wit inflation.
Could never happen here though?
21 posted on
10/27/2016 11:27:47 PM PDT by
itsahoot
(GOP says, Vote Trump. But if your principles won't let you, Hillary is OK.)
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