Sunday, January 11, 2009
Put on your seat belts, kids
Zimbabwian $10 Million note. Interesting to see money with a "use by" date.
Imagine three more zeros!
Zimbabwe's central bank will introduce a $50 Billion note -- enough to buy just two loaves of bread -- as a way of fighting cash shortages amid spiraling inflation.
Another instance of similar "running of the printing press" as a way out of an economic down-turn would be Post World War I Germany. (That worked out real well, didn't it?)
I don't mean to say that inflation in Zimbabwe constitutes a threat to world peace, but ya gotta ask yourself where are all those $700 Billion Bailout increments coming from here in the US? Does Uncle Sam have a mattress filled with cash hidden away somewhere that we don't know about?
And where do you fit all the zeros in the corners of the bills? $50,000,000,000 is a lot of zeros.
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