Zimbabwe Introduces $100 Trillion Dollar Note
'Buying a loaf of bread in Harare'"HARARE, Zimbabwe (CNN)– Zimbabwe’s central bank says it will soon introduce a 100 trillion dollar note as the once prosperous country battles to keep pace with hyperinflation that has caused many to abandon the country’s currency. [...]
The new 100 trillion dollar bill would be worth about $300 in U.S. currency. A loaf of bread in Zimbabwe now costs about 300 billion Zimbabwean dollars — and like most commodities, the price increases every day."
CNN
Fiat currency...sooo tastey!
Posted by
Zach Bell |
12:31 pm, January 16, 2009
I want one to frame and hang on my wall!!
Posted by
Bill Stevenson |
12:56 pm, January 16, 2009
How is there any kind of monetary economy left there? Surely it has broken down into the barter system by now.
Posted by
TS |
8:30 pm, January 19, 2009
maybe it's time for President Mugabe to step down from his post...
Posted by
JeNnY |
9:09 pm, January 20, 2009
Perfect example of socialism at work.
Posted by
Capn |
1:20 am, February 03, 2010
Capn .. that may be one of the most retarded things I have heard so far in 2010. If unfettered 'free market' capitalism works so bloody well, why do public tax dollars always have to bail them out.
You are an imbecile! Have you ever taken a political science class in university .. or was grade 10 good enough for you??
Posted by
leftdog |
9:33 am, February 03, 2010
Hi Leftdog: We don't "need" to bail anyone out. Capitalist and unions appeal to government for favors. That the government accedes to these importunate demands says more about the weakness of democracy than free markets. In Hong Kong prior to the Chinese take over, no one expected the government to do them any favors and the economy exploded.
Posted by
Unknown |
10:53 am, August 26, 2012
Here's what the Harper Conservative gov't did .. they GAVE over $100 BILLION tax dollars to banks .. bought out all their bad loans with my tax contributions!!!
Posted by
leftdog |
9:27 pm, August 26, 2012