The 100 trillion Zimbabwean dollar banknote ($1,014 dollars), equal to $1,027 pre-2006 dollars.
What the heck??
They are going to print their own counterfeit US currency, and this counterfeit US currency will be legal tender????
What the heck??? I sure don’t see what this does.
This won’t turn out well.
http://edition.cnn.com/2016/05/06/africa/zimbabwe-trillion-dollar-note/index.html
Sure, Why not.
Janet Yellen and before her, Ben Bernanke has printed so many trillions of fiat currency that it has put the US on track to become a Zimbabwean / Weimarian economy, everyone else might as well get in on the act.
Makes perfect sense.
If you steal a country from those who’ve been tiling the soil for a hundred years, then let it go fallow and ruin your economy, why not steal a currency from a nation and run THAT into the ground, too.
I wonder if obama’s Secret Service will get onto this, or they’ll be called off by our ‘president.’
The 100 trillion Zimbabwean dollar banknote ($1,014 dollars), equal to $1,027 pre-2006 dollars.
Our government does it.
Meet the new dollar. Same value as the old dollar.
Issued in convenient rolls identical to toilet paper, so you can tear off what you need.
I’ll bet they could really print their own US dollars and our administration would let them.
It would amount to theft from this county but Obastard would consider it “justified” so a black nation that was “liberated” from whites won’t collapse
Lol, I have a cash shortage too.
Uh oh, I just sent my checking account info to some guy who emailed me from Zimbabwe.
Isn’t this something that is NOT acceptable?
Legal US currency can only be printed by the US. Anything else is counterfeit.
This is Zerohedge doing it’s normal thing. It phrases things in a strange way.
This new dollar isn’t based on their flow of their own economy. Their own economy is completely stagnant. Think 90’s Turkey.
So what they have here is a bunch of “US Cash” (Which isn’t physical cash.. just an account somewhere) that they can print against.
It’s like having a wallet full of Gold notes and Silver notes. One currency is based on one thing, the other on another.
But they are still notes.
If the Fed can do it....
[Export-Import Bank]
What they should do, is focus on the exporting and forget the importing. Or the reverse. I forgot.
“own version” is not a US dollar, but something called a dollar. The headline is a fraud.
And now we have a new source of US dollars should the US essentially make cash illegal.
From a food exporter to a basket case. Same land, different people in charge.
an IOU from a Zim bank.
means nothing