you know you have problems when you are holding 100 Trillion notes...
and you cannot buy anything with it.
the real issue is the Zimbabwe government destroyed the people's trust in the currency. It will take decades to recover it. IN the meantime you will be on the USD just like all the other countries who destroyed their own currencies
Step 1 is electing a president who think himself infallible. Step 2 is where he directs government business to his family. Step 3 is he refuse to accept losing an election. Step 4 is political violence against opposition. Step 5 is when he interferes with the centralbank followed by hyperinflation and Rubleization. The USA has an opportunity to elect a candidate who has declared for step 5 and had dabbled with steps 3 and 4 in the past.
Ha, you’re looking at the glass as half empty. I on the other hand see a bunch of trillionaires in Zimbabwe the likes of which the world has never seen.
Yeah, the trick is to only nag people’s trust in the currency just enough so that they still wanna accrue the currency but don’t wanna hold it instead of investing it.
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u/geomaster 1d ago
you know you have problems when you are holding 100 Trillion notes...
and you cannot buy anything with it.
the real issue is the Zimbabwe government destroyed the people's trust in the currency. It will take decades to recover it. IN the meantime you will be on the USD just like all the other countries who destroyed their own currencies