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View Full Version : Zimbabwe Economy makes U.S economy look like perfection


Arcesious
02-14-2008, 08:17 PM
This is quite insane. Just read this and now you'll feel a lucky that you live in an economically-stressed place like the U.S, if you're an American.

http://edition.cnn.com/2008/WORLD/africa/02/01/zimbabwe.inflation.ap/index.html#cnnSTCText

Now, they're even printing 1 Million, 5 Million, and 10 Million dollar bills, which will barely buy dinner in Zimbadwe! Also see the newer articles about Zimbabwe on CNN... That Government is way more corrupt than the U.S government. Now I feel lucky to be an American, as our inflation rate is only about 4-6% per year now.

This makes the Great Depression look like the gold rush!

Rogue Nine
02-14-2008, 09:04 PM
To be fair, there isn't really an objective comparison between most African countries and their economies and the US.

Da_Man_2423
02-14-2008, 10:25 PM
To be fair, there isn't really an objective comparison between most African countries and their economies and the US.

No kidding.

Sabretooth
02-14-2008, 11:03 PM
Heh, so buying the local paper qualifies you as a millionaire in Zimbabwe.

Yeah, okay, I'm leaving now.

Da_Man_2423
02-14-2008, 11:13 PM
1.00 Euro = 43,818.76 Zimbabwe Dollars.

Courtesy of http://www.xe.com/

Corinthian
02-14-2008, 11:14 PM
This isn't anything new. Look up Hyperinflation.

See also...

http://upload.wikimedia.org/wikipedia/en/9/97/500000000000_dinars.jpg

That's a 500 billion Dinar note, from Yugoslavia.

In 1923, Germany was issuing 100 trillion mark notes. Hungaria distributed 100 Quintillion (For those of you who aren't aware of the near-pointless numbers, Quintillion comes after Quadrillion, which comes after Trillion) notes.

Web Rider
02-14-2008, 11:45 PM
you'd think that when nothing costs less than a billion units of money, you could just cut off 9 zeros.

Arcesious
02-15-2008, 01:17 AM
Well after seeing that, we know the consequences if we Americans don't fix our economy soon.