So I'm a trillionaire now

Discussion in 'Financial Cents' started by melbo, Mar 5, 2010.

  1. melbo

    melbo Hunter Gatherer Administrator Founding Member

    I guess I'm all set now.
  2. fireplaceguy

    fireplaceguy Monkey+

    I gave these as Christmas presents! They're still for sale on eBay 5 for $20 with free shipping!

    This is funny, but it's also very serious. The US is now engaged in the very practice that made Zimbabwe notes such a joke.

    Thanks for the post, Melbo.
  3. melbo

    melbo Hunter Gatherer Administrator Founding Member

    Inflation rate in July 2008 = 231,150,888.87% [shtf]

    We joke of wheelbarrows of money but it actually happened. Check this out:
    zimchange. Zimbabwean100BillionDollarNote-thumb-468x316. zimbabwe_money_tn. zimbabwe_m. ZIMBABWE-3-731038. zwd.JPG
  4. fireplaceguy

    fireplaceguy Monkey+

    Look out, Melbo - my chickens laid 11 eggs this morning. I'll be a trillionaire too, by the end of the weekend!

    (I might have skipped that .87 and rounded the inflation rate up, but that's just me.)
  5. melbo

    melbo Hunter Gatherer Administrator Founding Member

    Ha ha, I didn't even notice that .87% . Funny
  6. BAT1

    BAT1 Cowboys know no fear

    A days wages for a loaf of bread. The good book.
  7. Seacowboys

    Seacowboys Senior Member Founding Member

    Paper and ink must not cost much there because the sheer volume is worth much more here than the product being purchased there. Something doesn't smell right.
  8. melbo

    melbo Hunter Gatherer Administrator Founding Member

    I think that's why they started adding all those zeros to the Notes. The carry trade was getting out of hand.
  9. fireplaceguy

    fireplaceguy Monkey+

    UPDATE: I'm a trillionaire now, too, and that's after we ate 266 billion worth of eggs for breakfast!
  10. Guardian

    Guardian Monkey+

    Mugabe has turned that country even more into a stye. The government there does nothing to stop the continuing MASSIVE inflation there, and it only hurts the people.

    They need to completely overhaul their financial system. What is left of it anyway.
  11. fireplaceguy

    fireplaceguy Monkey+

    They're in this pickle because they monetized the debt. In plain english, that means the cenral bank created the money out of thin air to finance the government's treasury paper. They HAD to do that because no one else would buy the junk.

    Here in America they're doing the exact same thing. Last year, the Federal Reserve bought 80% of all treasuries sold. It's Zimbabwe on the Potomac - featuring Ben Bernanke as Gideon Gono!
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