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-   -   Don't know what to say..... (https://forum.lugerforum.com/showthread.php?t=22053)

alvin 07-14-2009 07:28 PM

Don't know what to say.....
 
1 Attachment(s)
Hmmm.... Just noticed two things: (1) it's an English speaking country; (2) the paper is high quality :rolleyes:

BogeyB 07-14-2009 07:37 PM

New US Bank notes??

Mike:surr:

Ice 07-14-2009 07:44 PM

ghost of the future? Its good for a loaf of bread, if you can find one.

Charlie

alvin 07-14-2009 08:46 PM

I doubt there is still one billion dollar note or not, looks like 10 billion paper value cannot cover its print cost.

rolandtg 07-14-2009 08:59 PM

Seems like it would be cheaper just to revalue their currency.

Mauser720 07-14-2009 09:10 PM

Zimbabwe is experiencing hyperinflation. Currently, the government limits cash withdrawals to ZW$100 billion per day, which is less than the cost of a loaf of bread. Zimbabwe used to be Rhodesia.

Mauser720 - Ron

FNorm 07-14-2009 09:21 PM

And Rhodesia was a bread basket. An exporter of food.

FN

alvin 07-14-2009 09:54 PM

For cross referencing, a commuting bus ticket was 2.5 billion last July. For obvious reason, that was on news. Just past a single year, I guess 25 trillion cannot buy a ticket.

lfid 07-15-2009 12:54 AM

that is one unhappy looking ox !!!

jamese 07-15-2009 08:47 AM

I'm afraid were heading the same way, unless we can stop the runaway printing and spending. 1920's Germany was the same, thats why my Grandfather legally immigrated to the USA

PhilOhio 07-15-2009 11:04 AM

...classical example of what invariably happens when a basically healthy country, with genuine sociological problems requiring reform, is turned over to slick and egomaniacal far left racist propagandists shouting "change" and waving little red books.

They got their "change".

We are in process.

...no reason to expect different results here.

...except that we have better printing presses and graphics designers at the Bureau of Printing and Engraving; no frowning bulls there; only in the White House. :p

Mauser720 07-15-2009 11:40 AM

Don't Know What To Say
 
1 Attachment(s)
Yes, this is exactly what happened to Germany after World War I too, but for different reasons. Here is a picture of a Ten Million Mark banknote dated August 22, 1923. It is only printed on one side.

As collectors we know what was going on with our Lugers at this time.

During this time of hyperinflation in Germany it would literally take a wheel barrow full of such paper money to simply buy a loaf of bread.

Mauser720 - Ron

alanint 07-15-2009 12:28 PM

Oh, and that's a CAPE BUFFALO for all you non safari types! 8^)

Vlim 07-15-2009 01:08 PM

Hmm, with these amounts they should print the money on absorbing paper. At least it has a certain use then.... :)

BEAR5OH 07-15-2009 06:08 PM

Zimbabwe was originally Rhodesia? They have great dogs!

B.

alanint 07-15-2009 06:14 PM

Ridge Backs are cool

Piet 07-16-2009 01:44 PM

Victoria Falls and Cape buffalo - true Africa!
In 1994 one Rand (South Africa) was about one Zim dollar. At this stage R8.20 (Rand) is about 1 US$ It shows what can happen in 15 years. We had inflation of about 8% on average in RSA, but our friends across the border are measuring inflation in millions of percentage points.
Piet


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