Posted on 02/17/2010 3:04:45 PM PST by Recovering_Democrat
In 1980, Zimbabwe’s dollar was worth more than the U.S. dollar, but the currency's value eroded rapidly amid government spending, corruption and the seizure of privately-owned farms. By 2009, the highly regulated labor market boasted unemployment of 94%.
The Reserve Bank of Zimbabwe has printed an uncountable quantity of money resulting in massive inflation. At the same time, government-instituted price-caps have caused mass shortages of food, fuel and basic supplies.
The circulated banknote is shipped with historical background and autographed Capitalistpig trading card. (Actual serial number will vary)
I watch Jonathan HoenigHe is offering a real Zimbabwe $100 Trillion Dollar bill.
I am getting one and putting it in my wallet--it will be an instant conversation starter and good way to communicate economic lessons for friends.
Will he send me one for free?
Whats the exchange value? 22 cents?
>>By 2009, the highly regulated labor market boasted unemployment of 94%.
Pfft! Our Kenyan will beat that..say, 96% by 2012.
This is the kind of post that cries out for a link to a means of purchasing said item. It does indeed seem like something to put on your wall...for laughs.
I think we OUGHT to buy these things...and use them in the manner described.
Our social interactions can be used to TEACH LESSONS to the people we meet—and this is a fun way to do it!
I am NOT a friend of JH and I do NOT hold stock in his company, etc. I genuinely think this is a great way to teach people the danger of government control of the economy.
Sorry, I misread your post. I thought you said it DOES NOT need a link. :)
The link does, indeed, send you to a "buy me" site. :)
lol!
You just clink the pic at the link, its $7.99 and comes with a trading card or something.
Coming to a Federal Reserve Note near you. On the other hand the amount of silver in a pre-'64 U.S. Quarter Dollar is still worth about a gallon of gas - just as it was decades ago.
Zero value. There is an expiration date on the banknote.
I went to zimbabwe in the mid 90’s and have a 2 dollar bill in my foreign currency collection. I need to get that one, and frame the two together on my wall.
Oh yea... I remember their money expires... lol
I have one of those plus the $10, $20 AND $50 trillion notes. You can find them on E-bay. I paid around $8 which was probably a hug premium over their real value. You can also find German hyperinflation notes pretty cheap. I have a 500 million marks and 500 billion marks. Nice to have a little piece of history.
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