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The bank of Zimbabwe has issued a $100 billion note to cope with the pressures of hyperinflation in their country. Zimbabwe’s economy has gone down the drain since 1980 and its currency, as you can see, is worth pretty much nothing. I know the bank is under a lot of pressure to provide notes to people in order for them to buy stuff, but I don’t think issuing $100 billion dollar notes is the key. They don’t do much after all, as $100 billion can only buy you four oranges and is not quite enough to buy a good loaf of bread. So big numbers really mean nothing when they aren’t backed by anything worthwhile |
All this will do is increase the rate of inflation in this country as putting more huge bills into circulation will only devalue the currency more. If $100 billion won’t even buy a loaf of bread then what does a car or house cost?
The bills are nothing but temporary checks with an expiration date since hyperinflation is so bad, the country has not had real currency since 2003. Zimbabwe is fighting a loosing battle and the country just falls further and further into the abyss. They need to do something fast and the first step would be to change the government and get Mugabe out of office. Maybe it is time for some foreign intervention here.
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Intervention would be key, since apparently there aren’t enough Zimbabweans willing to fight and die for their freedom to sustain a democracy. The West should take them to raise like we so arrogantly do everyone else. Maybe U.S. taxpayers can shoulder this burden. Our government is a little more discreet about how they counterfeit new coin ( via interest rates at the federal reserve ), although the direct mailing of “stimulus” checks this past May suggests we may be taking a page from Mugabe’s book. On the other hand, maybe Zimbabwe needs to lay in the bed that its made. But that would sound like we’re holding Mugabe accountable for killing a whole bunch of white people. We should just keep this focused on the stolen election.
[...] Zimbabwe issues 1 billion dollar BillThe bank of Zimbabwe has issued a $100 billion note to cope with the pressures of hyperinflation in their country. Zimbabwe’s economy has gone down the drain since 1980 and its currency, as you can see, is worth pretty much nothing. … [...]
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