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#1
01-24-2008, 10:08 PM
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Zimbabwe releases $10 million bill
Maybe they should issue these to baltimore kids for their good test scores. "As the US economy inches ever closer to a recession, it might provide a little perspective to look at what a real economic crisis looks like. Plagued by hyperinflation of over 50,000% a year, Zimbabwe's central bank recently decided to issue $10 million notes-- believed to be the highest denomination of currency in the world today. The bill, worth less than US$4, is barely enough to purchase a hamburger. One writer illustrates the rampant inflation: "The bill is exactly the same color, layout and design as a $20 bill I've been carrying in my wallet since my trip to Zimbabwe 15 months ago... When I wrote about that $20, it was worth about $0.025 USD - a silly amount of money to represent with a bill, but still a functional piece of currency. At the moment, that bill is worth $0.00000005 cents, or 5 hundred-millionths of a cent." Residents of Zimbabwe have been forced to use brick-shaped stacks of worthless bills to purchase even everyday items, like groceries. This is what it took to buy a beer just a month ago-- today the situation is still worse. The introduction of the $10 million bill is a response to this, but given the astronomical rate of inflation, the bill will only hold its value for a few weeks before it too becomes worthless Despite the dismal economic situation, the central bank's much-maligned governor, Gideon Gono, offers this risible bit of encouragement: "As monetary authorities, we once again assure the nation that we are in full control of the currency situation." 
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#2
01-24-2008, 10:14 PM
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10M = 4 USD nice....
__________________
An unwavering defender of those I see worth protecting. "promote the general welfare, not provide the general welfare" We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.
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#3
01-24-2008, 10:49 PM
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Quote:
__________________
 my experience on X5world when I spend too much time posting in political threads in the lounge... 
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#4
01-24-2008, 10:52 PM
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Nope. All it get is a burger and fries.
http://www.xoutpost.com/lounge/42183-...hlight=million Quote:
__________________
"What you hear in a great jazz band is the sound of democracy. “The jazz band works best when participation is shaped by intelligent communication.” Harmony happens whenever different parts get to form a whole by means of congruity, concord, symetry, consistency, conformity, correspondence, agreement, accord, unity, consonance……. 
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#5
01-24-2008, 10:56 PM
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Quote:
__________________
my experience on X5world when I spend too much time posting in political threads in the lounge...
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