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Zimbabwe abandons its currency.
Submitted by jcr@mac.com on Thu, 11/12/2009 - 18:58
The government of Zimbabwe has finally quit pretending. They've abandoned their hopeless cycle of hyperinflation. No more currency laws or price controls: http://covertress.blogspot.com/2009/11/zimbabwe-fresh-start.... Let's just hope the USA doesn't have to go through the same trauma. -jcr » |
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That would be a great bumper sticker "Welcome to Zimbabwe"
" The force of a correction is equal and opposite to the deception that proceded it"
B. Bonner
"Since 1789 the only government on Earth that has the power to crush the American people`s liberties across the board is the government of the United States"
Robert Higgs
I guess I'm glad I have that
I guess I'm glad I have that very unique $100 trillion dollar Zimbabwe note. Only cost me $14 bucks.
Zimbabwe got into this mess the same way we are now.
Their central bank bought their government debt with freshly-issued credit.
-jcr
"The problem with trying to child-proof the world, is that it makes people neglect the far more important task of world-proofing the child." -- Hugh Daniel
Maybe they'll dollarize
just in time for another wild ride ;-)
My Blog:
http://horizonscanblog.blogspot.com/
New Hampshire and Ecuador
I was going to say...
as a final cosmic morbid joke, what if they decided to go with something tied to the US dollar... ppor people would be wishing they were Job in the next few years.
~Live life to its fullest, with an open heart, open arms and most important... an open mind~
Sadly, that's exactly what they're doing.
Of course, they're also using Euros and South African Rand, but the dollar's still their most popular currency at the moment.
-jcr
"The problem with trying to child-proof the world, is that it makes people neglect the far more important task of world-proofing the child." -- Hugh Daniel
bwhahahaha
poor bastards.
~Live life to its fullest, with an open heart, open arms and most important... an open mind~