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#1 |
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Join Date: Jul 2007
Location: US
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Heard Papiermark could be burned as paper in the Winter of 1923. Today's Zimbabwe dollar is not far away from that. Will USD also go that way?
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#2 |
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Lifetime LugerForum Patron Join Date: Oct 2002
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It's a shame to print the money anyway, it will only devalue the blank paper which is worth more unprinted
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#3 |
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Join Date: May 2004
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Things where realy looking bright for Zimbabwe until the late 90's, where Mugabe's endless list of bad decisions began..
Five hundred milion dollar.. geez ![]()
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Previously known as Morgan Kane |
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#4 |
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Join Date: Jul 2007
Location: US
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According to the journalist, a commuting bus ticket costs 2,5 billion (!!). This currency must not have coins.
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#5 |
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Join Date: Aug 2007
Location: Kansas
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This situation is reminesent of the inflation experienced by the Weimar Republic. I can't remember where I read about the incident I am going to share; however, I've seen it in more than one history book.
When Germany was ravaged by inflation after losing the war, it was necessary to create paper money in huge denominations. Even so, it still took huge sums of money to buy food and the basic staples necessary to stay alive. In one reported incident, a man took a wheel barrow load of paper money to the local bakery to see if he could buy a loaf of bread. He left his wheel barrow outside while he went inside to inquire on the cost of a loaf of bread. Upon coming back outside, the man discovered that someone had dumped all his paper money on the ground, and stolen his wheel barrow. Mauser720 - Ron
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Mauser720 - Ron "Those who do not know history are doomed to repeat it." |
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