Comments on: Zimbabwe Going After Hungary’s World Record in Hyperinflation http://www.zoliblog.com/2008/06/05/zimbabwe-going-after-hungarys-world-record-in-hyperinflation/ Connecting the dots ... Sat, 21 Nov 2009 06:03:39 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Forex Investment eBooks http://www.zoliblog.com/2008/06/05/zimbabwe-going-after-hungarys-world-record-in-hyperinflation/#comment-18482 Forex Investment eBooks Fri, 13 Feb 2009 14:33:20 +0000 http://www.zoliblog.com/2008/06/05/zimbabwe-going-after-hungarys-world-record-in-hyperinflation/#comment-18482 Wondering what is their Credit Cards limit.... 100 billions? Wondering what is their Credit Cards limit…. 100 billions?

]]> By: Ben http://www.zoliblog.com/2008/06/05/zimbabwe-going-after-hungarys-world-record-in-hyperinflation/#comment-14106 Ben Fri, 17 Oct 2008 19:36:34 +0000 http://www.zoliblog.com/2008/06/05/zimbabwe-going-after-hungarys-world-record-in-hyperinflation/#comment-14106 Is the money worth less than the paper it is printed on? Is the money worth less than the paper it is printed on?

]]> By: andrew http://www.zoliblog.com/2008/06/05/zimbabwe-going-after-hungarys-world-record-in-hyperinflation/#comment-12915 andrew Wed, 16 Jul 2008 22:04:29 +0000 http://www.zoliblog.com/2008/06/05/zimbabwe-going-after-hungarys-world-record-in-hyperinflation/#comment-12915 Zimbabwe is already where Weimar Germany was in 1923. Next stop Hungary 1946! This is because Mugabe inflates to pay his political cronies, soldiers, torturers and secret police (I don't know if they are officially separate or if the same people do all everything). Ordinary people can only withdraw Z$100bn a day- soldiers & etc. can have Z$1.5tr a day and the banks will deliver it to their baracks, concentration camps or wherever they are. If this were happening in Europe we would have invaded by now but waiting for SADC to invade appears to be waiting for the Greek Calends. The only ray of hope is that Mugabe may not have enough paper to inflate much more- Germany will no longer supply him. He will move on to steal something else to pay his henchmen but possibly the currency may recover a bit? Zimbabwe is already where Weimar Germany was in 1923. Next stop Hungary 1946!

This is because Mugabe inflates to pay his political cronies, soldiers, torturers and secret police (I don’t know if they are officially separate or if the same people do all everything).

Ordinary people can only withdraw Z$100bn a day- soldiers & etc. can have Z$1.5tr a day and the banks will deliver it to their baracks, concentration camps or wherever they are.

If this were happening in Europe we would have invaded by now but waiting for SADC to invade appears to be waiting for the Greek Calends.

The only ray of hope is that Mugabe may not have enough paper to inflate much more- Germany will no longer supply him. He will move on to steal something else to pay his henchmen but possibly the currency may recover a bit?

]]> By: Nuke the Fridge | Exjackly http://www.zoliblog.com/2008/06/05/zimbabwe-going-after-hungarys-world-record-in-hyperinflation/#comment-12758 Nuke the Fridge | Exjackly Wed, 09 Jul 2008 17:21:38 +0000 http://www.zoliblog.com/2008/06/05/zimbabwe-going-after-hungarys-world-record-in-hyperinflation/#comment-12758 [...] is an example of a current such crisis.  A failed land redistribution effort has led to years of hyperinflation [...] [...] is an example of a current such crisis.  A failed land redistribution effort has led to years of hyperinflation [...]

]]> By: Roland Hesz http://www.zoliblog.com/2008/06/05/zimbabwe-going-after-hungarys-world-record-in-hyperinflation/#comment-12072 Roland Hesz Fri, 06 Jun 2008 08:43:27 +0000 http://www.zoliblog.com/2008/06/05/zimbabwe-going-after-hungarys-world-record-in-hyperinflation/#comment-12072 "I want to buy a shoelace." "It will be 50 billion millpengos" "I have only a 100 billion millpengo note." "I'm sorry, can you wait 15 minutes? I can't give the change right now." "Ah, and you will be able to give change then?" "No, the shoelace will cost 100 billion millpengos" I knew an older guy, he plastered his walls with millpengos. It was crazy, I hope no one will break the record. It would not be too good for anyone. “I want to buy a shoelace.”
“It will be 50 billion millpengos”
“I have only a 100 billion millpengo note.”
“I’m sorry, can you wait 15 minutes? I can’t give the change right now.”
“Ah, and you will be able to give change then?”
“No, the shoelace will cost 100 billion millpengos”

I knew an older guy, he plastered his walls with millpengos.

It was crazy, I hope no one will break the record. It would not be too good for anyone.

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