my-brother-went-to-zimbabwe-and-all-he-got-me-was-100-trillion-dollars
Standing on the street in Victoria Falls, Chris Namotolo showed me how bad the situation had gotten in 2008 by holding Zim dollars to the light.
*The bills leading up to $100 trillion (100,000,000,000,000), he explained, had no watermark.*At one point, the money became so worthless that the government started skimping on the paper they used to print it.
As Namotolo recounted it, when the hundred trillion note came out,you could go shop for one month’s groceries. But as time went on, maybe after a day, you could buy two loaves. Prices were changing almost every hour.
.....Three years later, the trade for Zim dollars turned on tourists’ reliable fascination with Zimbabwe’s economic demise, and on the reluctant disillusionment of thousands of civil servants and farmers living in the countryside. These are Namotolo’s suppliers, people who saw their life savings evaporate during the inflation crisis.
As inflation skyrocketed in 2007 and 2008, teachers’ pensions became worthless overnight, and, stacks of large bills hidden under mattresses shrankto the equivalent of so many pennies, or even less.
https://medium.com/african-makers/m...-got-me-was-100-trillion-dollars-1b94cf1916b7
I'm now wondering what use gold is going to be when the usurers hold most of the bullion in reserves and are able to manipulate (release and rebuy) it at whim.
Looks like faith in Allah is essential and storable food will hold value when the hyper-mega inflation from the stalled 2008 collapse reaches street level circulation.
All those conjured trillions in stupid futures derivatives are going to go down with the fake stock market too.
And Allah knows best.
If a bull's head is worth 100 dinars, 425g (almost half a kilo) of 22k gold, it indicates that the gold is released/flooded on the markets by then, the food is obviously scarce.
