The Zimbabwe Stock Market has converted their trading shares to be denominated in US dollars instead of Zimbabwe dollars. Shares are expected to a href=”http://www.bloomberg.com/apps/news?pid=20601109sid=aaEK5eFMILjI”increase by over 100%/a by the end of the year. The change in currency is due to the fact that the country is experiencing 89.7 sextillion percent and there are 12.6 trillion Zimbabwe dollars to the U.S. dollar. br /br /For more info on Zimbabwe’s unbelievable inflation, check out:br /br /a href=”http://stockerblog.blogspot.com/2008/04/100000-inflation-rate-election-dispute.html”100,000% Inflation Rate + Election Dispute = Rising Stock Market/abr /br /a href=”http://stockerblog.blogspot.com/2008/08/zimbabwe-inflation-breaks-above.html”Zimbabwe Inflation Breaks Above 11,200,000%/abr /br /a href=”http://stockerblog.blogspot.com/2009/01/100000000000000-dollar-bill-thats-100.html”The 100,000,000,000,000 Dollar Bill (that’s $100 trillion)/adiv class=”blogger-post-footer”div class=’adsense’ style=’text-align:center; padding: 0px 3px 0.5em 3px;’
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It was on;y six months ago that Zimbabwe came out with a a href="http://stockerblog.blogspot.com/2008/08/zimbabwe-inflation-breaks-above.html"$100 billion bill/a. It finally happened; inflation in Zimbabwe is so bad, that the country finally issued a a href="http://news.yahoo.com/s/afp/20090116/ts_afp/zimbabweeconomycurrency_20090116125326" target="_blank"$100 trillion bill/a - that's 100,000,000,000,000 Zimbabwe dollars. This is happening because the government in July reported that they are experiencing inflation of 231 million percent - that's 231,000,000%. Yet the Libertarian think tank, the Cato Institute, believes that the real inflation rate is 89.7 sextillion percent - that's 89,700,000,000,000,000,000,000%. br /br /By the way, that 100,000,000,000,000 Zimbabwe Dollar Bill is equal to about $300. And to think that just last April, the country had a href="http://stockerblog.blogspot.com/2008/04/100000-inflation-rate-election-dispute.html"inflation of 'only' 100,000%/a.div class="blogger-post-footer"div class='adsense' style='text-align:center; padding: 0px 3px 0.5em 3px;' script type="text/javascript"!-- google_ad_client="ca-pub-2427831169011625"; google_ad_width=300; google_ad_height=250; google_ad_format="300x250_as"; google_ad_type="text"; google_ad_channel ="8681602088"; google_color_border="FFF3DB"; google_color_bg="FFF3DB"; google_color_link="1B0431"; google_color_url="1B0431"; google_color_text="29303B"; //--/script script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js" /script /div

The inflationary horror of creating excess money and credit is well known, and is superbly illustrated by Zimbabwe, that most modern example of abject morons printing money as they desperately try to spend their way out of the inflationary mess caused by their previous excessive governmental spending, which was (as you have probably guessed by now!) paid for, and caused by, always printing more and more money! Hahahaha!

And, to be sure, the sheer range of corruption and stupidities of Zimbabwe’s government go far, far beyond mere monetary ones, making a bad situation much, much worse.

I bring this up because Zimbabwe is in the news again so that people around the world, like you and me, can watch what always happens when a government creates too much money and credit, which is that the currency is destroyed, the economy is destroyed, the country is destroyed, the people are destroyed, and

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Hyperinflation: A Real World Example…can it happen to the dollar?

This is from humorland blog.

Amazing.

If you think that the current economic crisis is something that has never happened in history before, you may be wrong! After the collapse of the agriculture sector in Zimbabwe in 2000, the inflation in that country skyrocketed to 231 million percent a year! Just think about it - 231 000 000%! Unemployment went up to 80% and a third of country’s population left it.

Let`s now have a look at the photos that you may not be able to see anywhere else in the world.

Here is a boy getting change in 200 000 dollar notes!

One 200 000 dollar note equals less than $0.10 cents.

December 22nd, a new note of 500 000 dollars introduced to the market!

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