Community KedaiKopi


If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.



Notices

Reply
  #1 (permalink)  
Old 01-23-2008, 03:18 PM
admin's Avatar
Administrator
 
Join Date: Jan 2008
Location: Shah Alam, Malaysia
Posts: 178
Blog Entries: 2
Thanks: 0
Thanked 417 Times in 43 Posts
Send a message via Yahoo to admin
Default 10 Million Dollar for a Hamburger. O

Only in Zimbabwe. somoe excerpt from what's going on in Zimbabwe.

"
What happens when you have 50,000% inflation? The 200,000 note in Zimbabwe, pictured below, is worth only 3 cents, and you need new 10,000,000 notes."


"A hamburger at an ordinary cafe costs about 15 million Zimbabwe dollars ($6). But that price has trebled this month amid shortages of bread, meat and most other basic goods"


My take on this,

Wow! the economic is in chaos, people dono't believe in money anymore. They are coming back to basic need and barter trading system. The bank in Zimbabwe is out of "real money". I know one day this banking system will collapse since there is no actual money in the bank , only numbers.

Can you imagine all Bill Gates money is in real paper money? I guess we need to cut down all the trees in the world just to produce Bill gates "real money'.

This is what can happen when money is also a commodity in itself
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Sponsored Links
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On




All times are GMT +8. The time now is 06:46 PM. Powered by vBulletin® Version 3.7.2
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.






Powered by vBCMS® 1.2.2 ©2002 - 2008 vbdesigns.de
Page generated in 0.30831 seconds with 16 queries