Originally posted by lil bitchiness
You must be really confused about inflation - you would not be rich with one dollar, seeing how the Zimbabwean money was worthless the goods have not magically become worthless too. Things still cost as expensive.Let me put it in a perspective - you could not buy packet of cigarettes for 4 billion Zimbabwean Dollars in Zimbabwe.
I fail to see the humour in starving people.
Couldn't have said it better myself, good point.
Originally posted by Colossus-Big C
so i could of gone to africa with 1 dollar and get my 4billion dollars then wait untill the value went back up to 1us bill=1africa bill, then go to amerca with 4billion dollars!!
HOLYblowup
That's great in theory but what's more likely is that you'll be waiting longer than your lifetime.
But just in case, exchange a dollar over and hope that happens 😉
Re: 1 US Dollar = 4,672,634,610 Zimbabwe Dollar
Originally posted by Colossus-Big C
this is not current but this happend to them because of super inflationhttp://www.mashada.com/forums/maisha-ya-kenya/80603-1-us-dollar-4-672-634-610-zimbabwe-dollar.html
LOL i can go to africa with 1 dollar and it would be exchanged to 4billion dollars 😂
Poor americans would be billionairs if they went there 😆
What's the point of been rich when there is nothing worth buying (i.e. Zimbabwe) ....
Originally posted by One Free ManNot quite. What your talking about is inflation. Hyperinflation only occurs when printing more money is combined with rising demand for that money because investors are short selling the currency, thus actively and very rapidly devaluing it. That's what happened in Germany and that's why Hitler was able to solve most of the financial crisis by closing the central bank.
It's the same reason that printing money for a stimulus package just takes us one step further towards zimbabwe's current condition.
Originally posted by Darth JelloWell, the stimulus money did almost double the amount of money in the economy.
Not quite. What your talking about is inflation. Hyperinflation only occurs when printing more money is combined with rising demand for that money because investors are short selling the currency, thus actively and very rapidly devaluing it. That's what happened in Germany and that's why Hitler was able to solve most of the financial crisis by closing the central bank.
any body want to help me buy acres of zimbabwe land? i could use some investors... i have some friends who would help work for free so long as we turn a profit within a few months to pay them, they would be willing to provide security while we look for rough diamonds... and if that doesnt work out we would have a small military unit in place im sure we could find a way to turn that into profit... 😄
Short selling- Equivalent to betting on don't pass in craps or on buying fire insurance on your neighbors house.
A short seller borrows reserve financial product (stocks, bonds, currencies, etc.) from a broker. He then sells them to investors. If the price goes down (and it usually does because the mere presence of short sellers decreases value via panic selling and sellers often hire firms to dig up bad news to lower prices), the short seller buys back the product at the new, lower price and then returns the product. The broker loses, the investors lose, the company/country/fund loses, and the short seller makes big profit off of all of them at little cost to himself.
Originally posted by Wild Shadow
any body want to help me buy acres of zimbabwe land? i could use some investors... i have some friends who would help work for free so long as we turn a profit within a few months to pay them, they would be willing to provide security while we look for rough diamonds... and if that doesnt work out we would have a small military unit in place im sure we could find a way to turn that into profit... 😄
Good luck trying that if you and your friends are white. There are now no white farmers in Zimbabwe because they were all forcibly removed from their land by the Mugabe regime to redistribute the land to black farmers. (Many of the black people that worked for the white land owners were also killed for trying to protect their jobs)
The problem is that very few of the people that the land was given to knew how to work and maintain the land and so the farming exports crashed and the economy crashed with it and resulting in the state the country is in now.
It's actually difficult to imagine just how devasted the Zimbabwian economy is...Inflation is running at 80 sextillion %...That's 10^21 or 10,000,000,000,000,000,000,000%
Compare that to the next highest which is Ethiopia at 41%
Originally posted by jaden101
Good luck trying that if you and your friends are white. There are now no white farmers in Zimbabwe because they were all forcibly removed from their land by the Mugabe regime to redistribute the land to black farmers. (Many of the black people that worked for the white land owners were also killed for trying to protect their jobs)The problem is that very few of the people that the land was given to knew how to work and maintain the land and so the farming exports crashed and the economy crashed with it and resulting in the state the country is in now.
It's actually difficult to imagine just how devasted the Zimbabwian economy is...Inflation is running at 80 sextillion %...That's 10^21 or 10,000,000,000,000,000,000,000%
Compare that to the next highest which is Ethiopia at 41%
LoL, dumb bastards. They should have learned from Uganda's mistake when Idi Amin kicked out all the Asian and European business owners and the economic shit-storm followed.
Originally posted by jaden101
Good luck trying that if you and your friends are white. There are now no white farmers in Zimbabwe because they were all forcibly removed from their land by the Mugabe regime to redistribute the land to black farmers. (Many of the black people that worked for the white land owners were also killed for trying to protect their jobs)The problem is that very few of the people that the land was given to knew how to work and maintain the land and so the farming exports crashed and the economy crashed with it and resulting in the state the country is in now.
It's actually difficult to imagine just how devasted the Zimbabwian economy is...Inflation is running at 80 sextillion %...That's 10^21 or 10,000,000,000,000,000,000,000%
Compare that to the next highest which is Ethiopia at 41%
i usually fill out all government forms as other or undisclosed but when i get them back they are usually filled as white... 🙁
but i cant pass as blk but i can pass as brown... 😄
besides i would have military security... secure the land. find a place with high water content and sell it to coca cola or pepsi bottling factory have them dry up the water lvls for the sodas and then sell it back to the country. 😎
Originally posted by Wild Shadow
i usually fill out all government forms as other or undisclosed but when i get them back they are usually filled as white... 🙁but i cant pass as blk but i can pass as brown... 😄
besides i would have military security... secure the land. find a place with high water content and sell it to coca cola or pepsi bottling factory have them dry up the water lvls for the sodas and then sell it back to the country. 😎
Looks to me like a sound business model. Go pitch it to your bank and let me know what they say.