Zimbabwe bank issues $10million bill - but it won't even buy you a hamburger

Forget the glitzy restaurants of New York and London: only in Zimbabwe would a hamburger actually cost millions of dollars.

The central bank of the southern African country has a issued a 10million Zimbabwe dollar note. The move increases the denomination of the nation's highest bank note more than tenfold.

Even so, a hamburger in an ordinary cafe in Zimbabwe costs 15 million Zimbabwe dollars.

Rest of Article Here

The lesson: Hyperinflation is a possibility for every State with a fiat currency.

__________________
"All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident." - Schopenhauer

Italy had that with the Lira and Japan still has it with the Yen. Zimbabwe's issues are not the result of "fiat" money, however. Like in most third world countries, Zimbabwe's problems are with its government. No matter what kind of money they used Zimbabwe would be a crap hole.

__________________
See y'all after the election. Good luck to whichever Republicrat you are voting for.

And the more power you give a government over peaceful, honest, voluntary activities, the more potential problems you will have.

__________________
"All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident." - Schopenhauer

I never said different.

__________________
See y'all after the election. Good luck to whichever Republicrat you are voting for.

Well....you know where we disagree on this issue. No need to rehash it. But I still love you. It's just weird how we agree on so much but completely butt heads on this.

__________________
"All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident." - Schopenhauer

Well, it's not my fault you have it wrong!

__________________
See y'all after the election. Good luck to whichever Republicrat you are voting for.

Exactement.

__________________
Blade: "more educated and literate people than Justabubba"

Justabubba: "that would include everyone"

http://politicalforum.com/showthread.php?t=27847

Blade agrees with you, stekim. Be very, VERY afraid.

__________________
"All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident." - Schopenhauer

Hey man, a broken clock is right twice a day. Actually, I agree with Blade on the FCC. And he tends to be a live and let live kind of guy, which I agree with.

__________________
See y'all after the election. Good luck to whichever Republicrat you are voting for.

?

Cause of Zimbabwe's woes is primarily do to their racist President and his asinine policy of stealing the holdings of Whites.
Whites produced.

In effect they are experienceing a national Depression because of that. I doubt it matter what form of system econmicalyl they had as long as they did what they did they'd be in this positon.

Going to be hard to come back from as many White Zimbabweans have left the nation and probably will not come back for the forseeable future.

__________________
McCain 2008
"We make war that we may live in peace"
"...peace is the highest aspiration of the American People. We will negotiate for it, sacrifice for it, we will never surrender for it, now or ever."
"War critics can no longer credibly argue that we are losing in Iraq, so now they argue the war costs too much."
"Oderint dum metuant"
http://members.cox.net/neddy/bobhope_kerfuffles.wmv
http://youtube.com/watch?v=RnfflRNpwKA
http://youtube.com/watch?v=j-QYIP7o2-A