Tuesday, August 4, 2009

Zimbabwe HyperInflation: How Inflation Works?

Person is carrying literally Billions of Zimbabwe Dollars. But the real Value of all of these Money is just few Dollars….

Zimbabwe Dollar Denominations from 5 dollars to 250 Million Dollars

10 Million Zimbabwe Dollars

3 Eggs are worth of 100 Billion Zimbabwe Dollars

10 US Dollars = Billions of Zimbabwe Dollars. Person showing US $ 10 Bill in one hand and Billions of Zimbabwe Dollars in the other

Child Carrying literally Billions of Zimbabwe Dollars in one hand

Person having a loaf of Bread in one hand and literally Billions of Zimbabwe Dollars in the other Hand. 1 Loaf of bread is worth of Billions of Zimbabwe Dollars.

100 Billion Zimbabwe Dollars Bill

Highest Denomination National Banknotes since 1900

Zimbabwe Hyperinflation: See How Inflation works and can affect the Economy adversely

Zimbabwe suffers the highest inflation rate in the world.

Zimbabwe has knocked 10 zeros off the country's hyper-inflated currency in year 2008, making 10 billion dollars one dollar.

So US $ 1 = 10 Billion Zimbabwe Dollars

Last week Gono introduced a new 100 billion-dollar note that is not enough to buy a loaf of bread.
Gono said on Aug. 1 2008 the bank will issue a new 500-dollar bill equivalent to 5 trillion dollars at the current rate.

This is the effect of Hyperinflation.

And US Government has recently printed US $ 1.2 Trillion in the Economy. Now just think that what will happen if the US Economy slips into Hyperinflation?….!!!

If US Federal Government & Central Banks around this world won’t stop printing Money, than this can happen to our Economy also…!!!!

BEWARE WORLD ECONOMY BEWARE. THIS CAN HAPPEN WITH ANY ECONOMY IF WE DON’T STOP PRINTING MONEY…!!!!

Useful Reading -

01) CBSNews.com – Inflation Fears Grow after Fed prints $ 1.2 Trillion

02) CBSNews.com – You Can’t inflate a Burst Bubble

03) CBSNews.com – Zimbabwe to Slash Value of Currency

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