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241 Comments
- BeeArePro, on 03/27/2008, -8/+90Like my grandpa used to say
: "They invented paper money to take your gold, then they invented plastic money to take your paper money." - frogman54, on 03/27/2008, -4/+50Yeah baby, I'm a millionaire...in Zimbabwe.
- inactive, on 03/27/2008, -8/+52I hope American money doesn't make that list anytime soon :-p
- inactive, on 03/27/2008, -1/+37dongs
- ltchimpo, on 03/27/2008, -2/+29Next week on Cracked.com World's Most Worthless Money (in MMORPGs)
- Hockey13, on 03/27/2008, -0/+25No. Think about the implications of this. If you buy, say, the equivalent of $100 in Zimbabwean dollars, you expose yourself to the excessive risk that it will be worthless tomorrow. Essentially, the government is printing more money than anyone can keep up with, so every previous unit of currency is worth less and less as they print more and more. A rate of inflation of 100,000% is absurd and it means that the Zimbabwean dollar is losing 100,000% of its value per year (in some sense...it's like 99.999999% really but the money supply is inflating at a rate of 100,000%). The only way to change this is a HUGE upheaval of the economic system through either central bank-controlled increases in interest rates which will ultimately save some value of this money or abandoning the currency altogether, replacing it with a new national currency or allowing currency competition, i.e. gold, silver, rhodium, palladium, etc. This last option makes by far the most sense in terms of international trade and wealth creation, but it's also the least likely ever to be adopted because when the government controls the currency, it controls a lot. So to sum it up:
You would be better off investing $100 in a good blowjob. - explnx, on 04/27/2009, -1/+25Yeah, this is the internet, look ***** up.
- RoroCo, on 03/27/2008, -0/+22Maybe that is because they use Euros now and not Lira.
- BESTenemy, on 03/27/2008, -0/+22And one from the history books - German Weimar currency from 1923. 100 million Marks (for reference, a loaf of bread had went up in price by 318 trillion times in just 3 years during Weimar hyperinflation).
http://www.snyderstreasures.com/images/paper/curre ... - idbjoshm, on 03/27/2008, -0/+21Dugg for having alot of Grandpas are saying the same thing.
- RoroCo, on 03/27/2008, -2/+21Why don't some of these country lop off all those excess zeros and convert the money to something manageable. "Does anyone have change for 1 million dongs?" seems a bit excessive.
- inactive, on 03/27/2008, -1/+19Economics 101: Recession is good for debtors, bad for lenders.
- wakananda, on 03/27/2008, -2/+18First time I read it. And it's funny - because it's true.
- thcobbs, on 03/27/2008, -2/+18You can't have an economy that is constantly booming.... especially during a war... economies go in cycles and the fed is there to attempt to moderate those cycles. I think you need to go brush up on econ 101 again.
- ploop, on 03/27/2008, -0/+15That reminds me of Howard Stern's old joke game show "Who Wants to Be a Turkish Millionaire?"
- walkingdogs, on 03/27/2008, -0/+14"Does anyone have change for 1 million dongs?"
Ask your mother
Sorry couldn't resist - ploop, on 03/27/2008, -2/+16Because the people who wrote the article are smarter than you.
- DarthMonkey, on 03/27/2008, -0/+13I'm from Vietnam so I am not knocking the currency. Try working in Vietnam for a couple of years, earning their level of pay and bringing that money to Europe or the US. Let me know if you still it's not worthless.
- bc289, on 03/27/2008, -3/+14There is no chance the U.S. will make that list. We haven't had hyperinflation in a long time, and the point of the article was that the current condition of the U.S. today (4% inflation) is nowhere near as bad as other countries' positions right now
- tutivlahos, on 03/27/2008, -0/+11http://en.wikipedia.org/wiki/Hyperinflation (A great read)
"A German woman feeding a stove with currency notes, which burn longer than the amount of firewood they can buy."
500 billion note: http://en.wikipedia.org/wiki/Image:500000000000_di ... - mciampa1214, on 03/27/2008, -1/+12Unless your credit cards are from overseas (which I doubt) it won't be a problem, actually you'll be better off assuming you continue to earn the same real wage.
- postitnote, on 03/27/2008, -0/+11Yeah I just saw it in the slideshow.
- dajuggernaut, on 03/27/2008, -0/+10you mean the currency that does not exist any more?
- gizram84, on 05/30/2009, -0/+10that last line saved this comment
- drmangrum, on 03/27/2008, -0/+10Of course it's not worthless in Vietnam, all their goods and services are based on the Dong.
It's the value of the dong based on other currencies that make it weak. There is a reason why most westerners can go to a third world nation and live like a king while the reverse isn't true. - TnTBass, on 03/27/2008, -0/+9Most of those currencies are worth more than Zimbabwe's though.
- RobRobRob, on 03/27/2008, -2/+11One of my neighbors is a sweet old elderly lady of 'grandparent' age, a former school teacher. The only time I have ever heard her curse is when we got on the subject of Franklin Rosevelt. "Yes I remember Roosevelt, he's the SOB that stole all our gold!"
- thcobbs, on 03/27/2008, -0/+9that's why they switched to Euros
- bc289, on 03/27/2008, -1/+9That was the point of the article, that US inflation at 4% is nowhere near those currencies.
- DarthMonkey, on 03/27/2008, -4/+12Hey, if your money is worthless, just do what Hugo did for Venezuela, chop off three zeroes and pretend your money is worth more. Moron.
http://www.nytimes.com/2007/03/18/world/americas/1 ... - Someguy101, on 02/19/2009, -0/+8Did anyone else notice that Zimbabwe's money has an expiration date?
- ploop, on 03/27/2008, -0/+7In the land of redundant redundancy of redundancy.
- xadhominemx, on 03/27/2008, -0/+7What? If all your debt is worth as much as a loaf of bread, then it as as easy to pay off as buying a loaf of bread...
- WhiskeyLemur, on 06/30/2009, -0/+7Screw that, I want to see a list of the _prettiest_ world currency. The Sao Tome note was just awesome. Inquiring minds also want to know who the kid on the Guinea francs was.....
- inactive, on 03/27/2008, -0/+7If you don't want your dollars anymore, I'll be happy to take them of your hands.
- talonstriker, on 03/27/2008, -1/+8So if a Zimbabwean scammer emailed me asking me to send him $US 5000 for $ZIM 4 million, I should beleive him?
*light bulb*
I should actually run a 'scam' like that...except it wouldn't be a scam (only moron tax) because I really would give victim couple millions in zimbabwe money. - gizram84, on 05/30/2009, -1/+8i hear lots of stupid things... check your sources
- inactive, on 03/27/2008, -0/+6This just in...... The Dong is down today but is expected to be up tomorrow.
- piloterror, on 03/27/2008, -3/+9I'm surprised Romania didn't make the list: 1 US Dollar = 23,753.2 Romanian Lei
- drmangrum, on 03/27/2008, -4/+10It would take quite a few more Bush's to get to that level of inflation. Despite all those who preach gloom and doom, the dollar is still extremely powerful.
- D3ADBOLT, on 03/27/2008, -1/+7I thought for sure this was gonna be some moonbat list that put the dollar at #3
- thcobbs, on 03/27/2008, -0/+6And the defense industry IS booming... its just with the cost of fuel other businesses aren't making as much profit, although they have more revenue.
- SwedishNinja, on 03/27/2008, -0/+6Anyone care to invest in some Vietnamese Dongs?
- DiggsOnlyJew, on 03/27/2008, -0/+6What's the Euro backed by again?
- d03boy, on 03/27/2008, -0/+5schrute buck
- doublebummer, on 03/27/2008, -1/+6I thought she wanted my dong, but it turns out she was just after my dong.
- gizram84, on 05/30/2009, -0/+5burried for you being an idiot....
- craighoxton, on 03/27/2008, -0/+5Buy the Sao Tome one - it's in an oil-rich coastal area and Big Oil is moving in
- noolvidaremos, on 03/27/2008, -0/+5that would bring consecuences like these http://digg.com/world_news/Stronger_recession_in_o ... , now lets wait to see how he blames it on the CIA or denay that it is happening
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