MONEY: Zimbabwe Today; USA tomorrow

http://www.thefirstpost.co.uk/?storyID=7501

A non-currency country
Zimbabwe Today
It’s a daily struggle trying to survive in
a society where money is worthless

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I popped out for a Z$25,000 loaf of bread last Friday. It had gone up to Z$30,000 dollars. I ran home for the extra, ran back to the shop – and the price of my loaf had risen to Z$44,000.

That’s life in Zimbabwe today – or at least it was, until this week when our government took bold and decisive action to reduce the inflatory spiral, and predictably everything got even worse straight away.

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I love when the Universe provides us a “labratory demonstration” when the meme we call gooferment falls afoul of economic law. Not content with shaving a few coins, the gooferment in Zimbabwe can’t print paper money fast enough. (Sounds a little like “helicopter ben” at his Senate confirmation hearings!)

When humans are infected with a mental virus, or meme, we can become irrational. Look at the “pet rock” which was pretty harmless. Look at the tulip craze in Holland’s history, the German hyper-inflation, our Great Depression, or any of the “monetary disasters” of the last century. They are all characterized by a failure in our own thinking.

Gold coins anyone?

If you were traveling to Zimbabwe, then I bet they’d hold their value!

The question is how does the human population of Zimbabwe throw off their “mental virus”? If you are in that society, how do you survive? How does it unwind?

Sadly, I think it involves a lot of pain and suffering and even deaths.

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