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Unread 07-20-2008, 10:13 AM   #1
alvin
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Default Papiermark & Zimbabwe Dollar value

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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Unread 07-20-2008, 10:16 AM   #2
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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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Unread 07-20-2008, 10:46 AM   #3
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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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Unread 07-20-2008, 02:13 PM   #4
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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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Unread 07-20-2008, 05:16 PM   #5
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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.

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