$50,000,000,000.00 bank notes, by the bushel!

[boarderbloke]

Ever see a 50 billion dollar bank note?

[URL="http://www.theatlanticwire.com/global/2013/01/zimbabwe-down-its-last-217/61562/"]Zimbabwe Currency[/URL]

This is what cottonpicken's always telling us about. Makes all your savings seem like chump change, doesn't it!

[ajl]

This is our future as well since it has been demonstrated that government
can not cut spending and central bankers can not stop printing. It will
not be as funny then.

[dalek]

So will ours have Bob and Doug Mackenzie on
them or the Trailer Park Boys?

[TOM4CWB]

Perhaps Justin!

OR Thomas???

[TOM4CWB]

You have to laugh/cry....

it is so SAD!

"The economy started to come apart at the seams in
2000, when President Robert Mugabe seized the land
of over 4,000 white-owned farmers, effectively
dismantling the country's agriculture industry. Over
the course of the next decade, the country spiraled
into an extended period of hyperinflation, the likes of
which the world almost never sees. It peaked in August
2008, when inflation reached 11,200,000 percent and
economists around the world started to say that the
country's situation was hopeless. Prices were doubling
by the day, and the government had to print Z$100
billion notes. The following year, they went ahead and
printed Z$100 trillion notes, just before deciding to
chop 12 zeroes off of the currency."

Z100Trillon note was/is? worth $30US ... up from the
$5US it was worth last year.

http://www.ibtimes.com/zimbabwe-had-only-217-
its-account-last-week-minister-says-1051244

[Kodiak]

[URL="https://www.canada.pimco.com/EN/Insights/Pages/Credit-Supernova.aspx"]Bill Gross[/URL] has a great article that pertains to this dicussion.

[Kodiak]

[url="https://canada.pimco.com/EN/Insights/Pages/Credit-Supernova.aspx"]Maybe the article will show up here[/url]

If not, I give up

[cottonpicken]

Lol,i just was going to post that article Kodiak.

It is the most important thing i have read in a
long,long time.

The worlds biggest bond investor just screamed fire.

When the bond market unravels you will see the crack
up.

I've been waiting for this a long time.

We are about to get rich boys.

[hobbyfrmr]

Thank you for the insightful article. This sure looks like the recipe that China investors are following. They are buying real assets in Canada, Australia, and new Zealand that I know of for certain. They are looking at a long term haven.
This makes me want to buy a vacation townhouse or condo in Huatulco, Mexico. They mentioned investing in Mexico. It will not make me any money, but I can go there for 7 months and hide from the anarchy!

[burnt]

HOBBYFRMR - don't bet on it. Which raises a question - is there a place where one can escape the impending doom of which our frightful fellows speak?

[Burbert]

Theys called Zimbucks by the locals!!!!