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Friday, January 16, 2009 

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!

I want one to frame and hang on my wall!!

How is there any kind of monetary economy left there? Surely it has broken down into the barter system by now.

maybe it's time for President Mugabe to step down from his post...

Perfect example of socialism at work.

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??

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.

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!!!

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