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134 Comments
- kplo, on 04/03/2009, -3/+138Fantastic concept and execution.
- GregLoire, on 04/04/2009, -8/+78I understand the problems with the Federal Reserve, but can we please not pretend that the U.S. financial policies and problems are exactly the same as Zimbabwe's? 3% annual inflation is not going to lead to hundred-dollar U.S. bills being used as wallpaper anytime soon.
- NateHKA, on 04/04/2009, -1/+67Or he's just submitting every link he can.
- inactive, on 04/03/2009, -34/+86This is the latest evidence of MrBabyMan's subtle shift into politics, part of a covert campaign to shape the Digg community into an active protesting group of political opposition against the Federal Reserve and the corporate elite that are selling out our country and our sovereignty to international banks and other large impersonal forces. www.campaignforliberty.com
I, for one, see what you're doing, and salute your efforts, MrBabyMan. Dugg. - d03boy, on 04/04/2009, -2/+27He's following the trend, not setting it.
- Flashtone, on 04/04/2009, -2/+22only $200,000 for a snickers bar!
- FiP0, on 04/04/2009, -2/+20Those are probably worth more on eBay, for collectors, than in Zimbabwe...
- punx777, on 04/04/2009, -2/+17according to wiki,
Inflation rose from an annual rate of 32% in 1998[83] to an IMF estimate of 150,000% in December 2007,[citation needed] and to an official estimated high of 231,000,000% in July 2008 according to the country's Central Statistical Office,[83]. This represented a state of hyperinflation, and the central bank introduced a new 100 billion dollar note.[84] As of November 2008, unofficial figures put Zimbabwe's annual inflation rate at 516 quintillion per cent, with prices doubling every 1.3 days. - d03boy, on 04/04/2009, -4/+19You think it's still 3%? Haha.
- shujin, on 04/04/2009, -4/+17correct, it won't happen here. This is more than obvious to anyone with an intimate knowledge of america's economy.
- shujin, on 04/04/2009, -3/+155% or more inflation is bad, 2-3% inflation is healthy, 0% inflation is bad, deflation is far worse than inflation
- ryan83189, on 04/04/2009, -2/+13To bad we don't have trillion dollar notes, or else me, and everyone else would be rich and all of our problems would be solved.
/yespeoplereallythinklikethis - offthewagon, on 04/04/2009, -4/+15I got one for you. Take a pretentious *****. Have him spout some ***** visual imagery he got from an email forward, multiply it by 200, and that equals the typical comments on a digg story.
- offthewagon, on 04/04/2009, -4/+15Thanks to wallpaper, our money will be Obama.
- brokentone, on 04/04/2009, -4/+15I did not know that.
However, you may want to reconsider.
Your use of punctuation and line breaks. - jeffiek, on 04/04/2009, -2/+12"If the answer to all those questions is 'yes,' "
Of course not, those questions make a strawman argument. You wouldn't have asked them if the answers were yes. None of them address the question about the effects of inflation - double the amount of money in circulation and you halve its value. Now here's the important part, the part you try to hide. This is true regardless of the size of the economy.
Mugabe is a rank amature. Nevertheless, he took the "bread basket of Africa" and turned it into ruins.
Imagine what the professionals can do using the same tools. - shujin, on 04/04/2009, -6/+14We could print 1000 or 1000000 dollar bills, this would not cause inflation. High dollar amounts used popularly are due to inflation, not the cause of it. Zimbabwe is a great case study of hyperinflation. Hyperinflation is inflation at a rate around 100% or more annually. I believe zimbabwe has a current rate around 230,000,000%. America will not see inflation rates even as high as 10%.
- d03boy, on 04/04/2009, -1/+9Yes, because they are so rare.
- enantiodromia, on 04/04/2009, -9/+17i love all of the alarmist the sky is falling comments here. i think some of you want this to happen to America, so you can finally live out that class warfare fantasy you think about while cleaning your guns.
- kpasc, on 04/04/2009, -0/+8great pic, that guy obviously has a great sense of humour!
- Marijuana, on 04/04/2009, -6/+13Thanks to Mugabe, in a fiat based economy he just lowered the confidence of their currency even more.
- Paulish, on 04/04/2009, -1/+8Maybe. Or perhaps he is submitting a ton of stories as usual and the political ones are the ones that hit front page. Or maybe knows what people like to digg and is serving it up. I don't see the point in attributing political stances to someone you don't know at all.
- seanmulkerne, on 04/23/2009, -2/+9There isn't a $1000 bill in circulation. At least not since 1969.
- Konrad9, on 04/04/2009, -0/+6I'm willing to be people in Zimbabwe are making a pretty penny selling them online.
I bought a $100 billion note last year for $10, that's a pretty good return on their investment. - muckemuck, on 04/04/2009, -5/+11From the Reserve Bank of Zimbabwe: "Here in Zimbabwe we had our near-bank failures a few years ago and we responded by providing the affected Banks with the Troubled Bank Fund (TBF) for which we were heavily criticized even by some multi-lateral institutions who today are silent when the Central Banks of UK and USA are going the same way and doing the same thing under very similar circumstances thereby continuing the unfortunate hypocrisy that what’s good for goose is not good for the gander....
As Monetary Authorities, we commend those of our peers, the world over, who have now seen the light on the need for the adoption of flexible and practical interventions and support to key sectors of the economy when faced with unusual circumstances."
http://www.nakedcapitalism.com/2008/11/blog-post.h ...
They went down the same path that we're on.... - kpasc, on 04/04/2009, -0/+6I would totally buy Zimbabwean currency on eBay, it seems like a win-win situation. though I bet the logistics of the sale makes it much more complicated, maybe not even worth the effort.
- andyb747, on 04/04/2009, -0/+6just as clever as when they did this the first time around in Germany 1923...
http://tinyurl.com/clpw8f - TKidd, on 04/04/2009, -4/+9I have a 100 Trillion zim note... pretty nutty to hold.
- lorem1000, on 04/04/2009, -0/+5Why did you capitalize nothing?
- MWeather, on 04/04/2009, -1/+6Push what sells. The first rule of sales.
- Marijuana, on 04/04/2009, -2/+7....he's not a god.
- rancidpony, on 04/04/2009, -0/+43% inflation isn't the problem we are worried about.
- ThinkBox, on 04/04/2009, -13/+17Who is John Galt?
- Howitzer86, on 04/04/2009, -0/+4Zimbabwe was in fair shape for a long time. Comparable to South Africa, this country went downhill in 1999 when Mugabe began a racist policy of land redistribution (theft) away from the white population, into the hands of the black population.
- Skibadoweebop, on 04/05/2009, -0/+4I take it you are referring to some "Obama is a socialist" ***** which is not at all similar to the situation in Zimbabwe
- inactive, on 04/04/2009, -1/+5WOW! I didn't know Zimbabwe had actual buildings and roads!
- decoy26517, on 04/04/2009, -1/+5wait, OUR fault? Yeah, we create money that creates inflation. Sorry but it is the federal governments fault that this is happening. If they actually would lower inflation to a reasonable amount then we wouldn't be heading to a similar state that Zimbabwe. So yes, it IS Obama's fault, but not JUST his fault. It's also the fault of every federal politician that has been elected for the past 50 or so years that hasn't actually dealt with lowering spending and lowering the amount of money that is printed.
- MWeather, on 04/04/2009, -0/+4Into the hands of his thug followers.
- ninjaturtles1, on 04/04/2009, -1/+5Note: Core inflation figures, exclude the most volatile components of the CPI, food and energy. Also, CPI does not include housing prices it looks at the owners' equivalent to rent in an effort to mitigate the former's adverse effects on measured inflation rates. I think you will find these core inflation figures in America are understated by the government by about 5%.
Don't be fooled! - smemily, on 04/04/2009, -0/+4Welcome to any currency. Gold, property, potatoes, etc are all worth only what people think they are worth.
- kingm1k3, on 04/04/2009, -2/+6LOL put your tin foil hat back on.
- anarcurt, on 04/05/2009, -0/+3Weimar Germany. One of the worlds top economies hit by a depression and uncontrollable debt. My grandfather has a stamp from then, 10 Billion Marks. Don't imagine that it could never happen, because it can.
- affiliatebroker, on 04/05/2009, -0/+3Can you tell me just how much gold is left in Fort Knox? Last I heard, it's nearly (if not totally) empty.
Do some research.
Not being ignorant. (At least not towards the truth) - SyntaxErrors, on 04/05/2009, -0/+3Holy *****. I'll take my recession, thanks.
- greenprint, on 04/04/2009, -1/+4Absolutely. It's brilliant.
- decoy26517, on 04/04/2009, -1/+3Stop equating everything to Bush. Did you ever think that there are people out there that hate Bush because of his dumbass spending policies? Did you ever think that there are people out there that hate Obama for his dumbass spending policies?
- SirBruce, on 04/04/2009, -1/+3It wasn't exactly racist, but the poor black farmers didn't know how to run a farm, and it broke all economies of scale. You can't just dismantle a white-dominated society overnight.
- GiggleStick, on 04/05/2009, -1/+3England isn't the only country whose official language is English, ya know. I'm sure there's something in the library about it.
- FutureGuy, on 04/04/2009, -0/+2No, I would bet you will not be carrying a million, or even a hundred thousand US dollar note with you in your lifetime. US is not Zimbabwe.
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