Monday, July 21, 2008

The Starving Billionaires

Zimbabwe is perhaps the only country where being a billionaire doesn’t mean hot chicks, cool wheels and a big house. The $100 billion banknote recently introduced in Zimbabwe is equal to just one U.S. dollar. The economical crisis started in 1980, when the country gained its independence, the inflation rate now being at 2.2 million percent. At the beginning of the year, the government started issuing of $1 million, $5 million, and $10 million and even larger, topping it all off with $500 million dollars. Here’s how a lot of money and little value looks like!

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Anonymous said...

Talk about Bernanke's helicopter! More like a whole air wing of B-52s dumping money with Bennie as the commander. Where is a Z$ >US$ exchange rate odometer like the National Debt odometers? That odometer would be HILARIOUS to watch.

With their inflation rate itself inflating at an inflating rate, that would be like a speedometer showing speed with 4'th order acceleration at least.

Why don't they print money with engineering notation like this:

$50*10E15 for a $10 trillion bill.

Keep it up and they might achieve inflation singularity (after stacking exponents on exponents).

Sudipta Das said...

I have a commercial corp. that I use for my courier business. I would like to start a non-profit owned by my commercial to do the following: Apply for grants from private foundations as well as local, state and federal govt. Give away a percentage (up to 25%) of my commercial corp.’s profits as well as grant monies received to the needy, poor or underprivileged. Limit my personal and commercial tax liabilities while doing all of this. Can you please suggest me?

Sudipta Das
government grant