What does the future hold?

[TOM4CWB]

BNN reported that:

The Zimbabwe central bank unveiled a $10 Billion Zimbabwe note today!

Zimbabwe citizens are allowed to go over the $500 Million maximum withdrawl limits from bank accounts... and can instead withdraw up to $10 Billion to help with the holidays this month.

It is reported that inflation in Zimbabwe is running at about the 1 Billion percent level.

Wow Charlie... look what we have to look forward to! ( :{

[TOM4CWB]

Sense of a deja-vu as Zimbabwe issues new 10-billion-dollar note
http://www.monstersandcritics.com

"Business News
Dec 19, 2008, 10:48 GMT

Harare - Zimbabwe's central bank Friday issued a 10-billion- dollar
banknote, as inflation drove the value of the currency to new depths,
according to state radio.

A bulletin said the 10-billion-dollar note, issued simultaneously with
1-billion and 5-billion-Zimbabwe-dollar notes, 'would go a long way in
improving workers' access to cash.'

Only a week ago new notes of up to 500 million Zimbabwe dollars in value
were issued in a bid by the Reserve Bank to ease mammoth queues at banks
around the country caused by acute cash shortages.

Zimbabweans try to draw as much money as possible because inflation,
officially listed at 231 million per cent but estimated in the quadrillions
of per cent (18 zeroes), erases the value of their salaries in a matter of
days.

The new note comes 141 days after the bank slashed 10 zeroes off the
currency because the multiplicity of noughts made it impossible for
computers and checkout tills to compute.

'What I can only let you know is that in the next couple of days these
things will be a thing of the past,' central bank governor said at the time.

Economists say that each new issue of ever larger value banknotes triggers a
new surge in inflation and a nosedive in the currency.

The price of bread shot up Friday from 300 million Zimbabwe dollars to 500
million Zimbabwe dollars (1 US dollar).

Opening the annual conference of his Zanu-PF party in the town of Bindura,
80 kilometres from Harare, President Robert Mugabe said 'better times were
beckoning.'

The country is experiencing a prolonged economic, political and humanitarian
crisis, marked by a cholera epidemic that has killed over 1,100 people and
widespread hunger."

[cottonpicken]

I thought you were a deflasionist?

Did you know that no amount of zimbawean dollars can purchase gold?