Zimbabwe To Print Its Own US Dollars Amid Severe Cash Shortage

Zero Hedge ^ | 06 May 2016 | Tyler Durden

[tbw2]

And now we have a new source of US dollars should the US essentially make cash illegal.

[fhayek]

They are circulating bonds backed by US dollars. The next logical question is what, exactly, backs the US dollars?

[OldNewYork]

From a food exporter to a basket case. Same land, different people in charge.

[nascarnation]

Heaven forbid the MSM or the academics would study and report on that fact.

[samtheman]

I think it’s a pile of elephant dung, symbolizing the value of socialism.

[Bubba Gump Shrimp]

nothing backs it.

We should print red 1,000,000,000 bills and pay our debt to the Chinese with them.

it’s how they pay their debts, they just print what they need to pay the bill.

[dfwgator]

[Stand Watch Listen]

[dfwgator]

[sparklite2]

Mugabe should be hung.

---

He’s rumored to be.

[SandRat]

Now do you Think this might be the reason for someones head going on the new Twenty Dollar Bill?

[Lorianne]

you talked to that guy too?
He said the deal was just for me.

[RockyTx]

an IOU from a Zim bank.
means nothing

[grania]

If the fed can do it...

I'm trying to make connections that I don't think have been made. Gold and silver are at pretty good levels compared to not too long ago. If folks in other countries can just print bogus money like the Federal Reserve does, it seems to make sense to have some gold or silver. Could that be why they're increasing in price?

[Vision]

The collective intelligence of Zimbabwe is at about 50.

[yarddog]

The Germans produced technically perfect British Pound notes during WWII. The Bank of England caught them almost immediately. The Germans foolishly paid their secret agents in the funny money.

I wonder if they had some sort of secret embedded in the paper or maybe it was just serial numbers. I still don’t know how they did it.

Anyway we don’t seem to be able to spot Iranian and Nork counterfeits.

[Ingtar]

When Israel and Lebanon were at war, a misfired SAM or something hit one of the government buildings. Uncut $100 bills were all over the place. The US does not ship that denomination uncut. I guess Zimbabwe is the latest. Next up, Zimbabwe style inflation here.

[IChing]

No different than what Obongo has been doing here.

[IChing]

Africans aren’t very bright.

https://youtu.be/oJjnX8zmF-A

[M1903A1]

Well, they could always export us some more of their FALs leftover from Rhodesia.