zimbabwe dollar
I hold, in my hands, a one-hundred billion dollar banknote from Zimbabwe. This is so surreal to me - but it's a reminder of the importance of faith and trust in a fiat currency-driven economy. (Although I wish somebody would explain to me how gold isn't a fiat currency in itself - it has no intrinsic value to the owner; when does being the most malleable metal have any real value? Gold is only worth in as much as what somebody else will give you - how does it render it any different than paper money?)
I can't imagine a world where our currency held no value - imagine if I went to 7-11 and a hot dog cost $8 tomorrow. And $20 the day after. And then $1,000 next week. It's hard to even emphathize the turmoil of people living in a situation like that (couple that with the political uncertainty that derives from the power struggle between Mugabe and opposition parties in Zimbabwe).
The hyperinflation in Zimbabwe is probably gonna go in the history books (Annual inflation rate of 89.7 sextillion percent).
Even with all the economic turmoil we're going through, this bill is a reminder to have some perspective about how bad things could really get.
Comment with Facebook
Want to comment with Tabulas?. Please login.
boogiesan
roy
i just love it cause it was history in the making!
boogiesan