Hyperinflation History: Visitors Snap Up 100 Trillion Zimbabwe Bank Notes
- Posted on January 2, 2011 at 8:49am by
Scott Baker
- Print »
- Email »
HARARE, Zimbabwe (AP) — Western visitors to Zimbabwe are looking for zeros. They’re snapping up old, defunct Zimbabwe bank notes, most notably the one hundred trillion Zimbabwe dollar bill, as an economic souvenir.
The one hundred trillion Zimbabwe dollar bill, which at 100 followed by 12 zeros is the highest denomination, now sells for $5, depending on its condition. That bill and others — among them millions, billions and trillions, were abandoned nearly two years ago, when the American dollar became legal tender in the hopes of killing off the record inflation that caused all those zeros.
“I had to have one,” said Janice Waas on a visit to the northwestern resort town of Victoria Falls. “The numbers are mind bending.” She got her so-called “Zimdollar” in pristine condition, from a street vendor who usually sells African carvings.
“It’s perfect if you like puzzles, calculus and things like Rubik’s Cube,” she said.
Janice’s husband Thomas Waas, a physicist and engineer from Germany, said if the population of the world is 7 billion people, every single person could be a given thousands of old Zimbabwe dollars from this single 100 trillion note.
Janice Waas said Westerners were buying the bills for their curiosity value. An Australian wanted one to display in his local bar back home.
Street vendors said visitors had been so intrigued by the Zimbabwe bills that they were now running out of them, two years after a power sharing deal between longtime ruler President Robert Mugabe and the former opposition leader, Prime Minister Morgan Tsvangirai, made the old currency redundant.
Visitors from countries familiar with hyperinflation, such as the Congo and other impoverished states in the region and in South America, showed less interest in the highly marked bills. Instead, most bought curios and artifacts, said vendor Lloyd Phiri, speaking on his mobile phone in Victoria Falls.
At the height of Zimbabwe‘s economic meltdown in 2008 when Zimbabwe’s world record inflation was running into the billions in percent annually and prices were climbing each hour, the 100 trillion bill scarcely bought a cart of groceries.
Teachers reported the printing of bank notes from millions to billions and then trillions skewed their pupils’ sense of numeracy, making them fail to grasp the realities of numbers.
On one geography field trip, students scoffed at being told granite rocks swept over Zimbabwe by ancient glaciers were 700 million years old. That time frame seemed insignificant.
Back then in 2008, 700 million Zimbabwe dollars bought a loaf of bread.
Scientists and physicists estimate the number of atoms in the universe at 10 to the power of 80 — 10 followed by 80 zeros.
During the worst of Zimbabwe’s economic meltdown and hyperinflation, Zimbabwe’s highest money denominations were logged at 10 to the power of 25 — 10 followed by 25 zeros — or the equivalent of nearly one third of the number of atoms estimated in the universe.
The central bank then sliced off several zeros, but large transactions were still calculated in quadrillions (15 zeros) and quintillions (18 zeros) until the demise of the local currency.
If you are delayed at an airport during your Zimbabwe trip, play the numbers game, advises Waas, the physicist.
He posed this challenge.
“If the pyramids in Egypt are 5,000 years old, there are 155 billion seconds in 5,000 years and 1,000 billion make a trillion. So how many years are there in 100 trillion seconds?” he said.
Waas said he was still waiting for the correct answer from friends and fellow visitors in Zimbabwe.
Popular Stories
Does Misstated Marathon Claim Prove Paul Ryan Is Dishonest? (POLL) 694 Comments
Paper Details Obama Admin’s Alleged Secret Note Sent to Iran: If Israel Attacks, We Won’t Get Involved 516 Comments
Roseanne Barr: Most Billionaires ‘Violent Pedophiles’ & ‘Heartless’ Cocaine Addicts 353 Comments
‘Made Up Religion’: TV Historian Enrages Muslims, Receives Threats After Producing UK Documentary Questioning Islam’s Beginnings 341 Comments
This Is the Creationists‘ Response to Scientist Bill Nye’s Viral Pro-Evolution Video Claiming They Harm Children 336 Comments
Faith
- This Is the Creationists‘ Response to Scientist Bill Nye’s Viral Pro-Evolution Video Claiming They Harm Children 336 Comments
Pakistani Muslim Cleric Accused of Framing Disabled Christian Girl in Koran-Burning Case Read More- ‘Made Up Religion’: TV Historian Enrages Muslims, Receives Threats After Producing UK Documentary Questioning Islam’s Beginnings 341 Comments
Meet the Controversial German Imam Accused of Brutally Beating His Wife & Pushing Sharia Law Read More
‘Self-Proclaimed Messiah’ & Unification Church Leader the Rev. Sun Myung Moon Has Died — Here’s His Life Story Read More
Business
President Obama Issues Major ‘Green Energy’ Executive Order 258 Comments- Germany’s Upcoming Court Ruling Will be Huge for the EU Read More
Ford Looks to Beat Toyota for Best-Selling Car in 2012 With This Model 148 Comments
Bernanke & QE3: Here’s What You Need to Know Read More- ‘Extortion’: Why Did the Labor Department ‘Drop the Hammer’ on Oregon Farmers? 302 Comments
Technology
- This Is the Creationists‘ Response to Scientist Bill Nye’s Viral Pro-Evolution Video Claiming They Harm Children 336 Comments
‘TaserDrone’: Hackers Weaponize Quadcopter With Actual ‘Shocking’ Technology Read More
Ever Heard of the Wild ‘Burning Man’ Festival in the Middle of the Nev. Desert? Here’s Your Primer Read More
Stanford Develops Technology ‘Better Than Steroids’ for Athlete Recovery Read More
Have You Pretended to Know What ‘the Cloud’ Is? You’re Not Alone Read More
Submitting your tip... please wait!
Comments (94)
jhonjhonson1
Posted on January 2, 2011 at 2:04pmAdd your comments
Report Post »In-God-I-trust
Posted on January 2, 2011 at 1:46pmDoes this sound familiar?
An excerpt from this book:
http://www.amazon.com/Reality-Money-Federal-Reserve-Stephen/dp/1450553397/ref=sr_1_1?ie=UTF8&s=books&qid=1293990276&sr=8-1
(In the early 1930′s, bankers, the only source of new money and credit, deliberately refused loans to industries, stores, and farms. Payments on existing loans were required, however, and money rapidly disappeared from circulation. Goods were available to be purchased, jobs were waiting to be done, but the lack of money brought the nation to a standstill. By this simple ploy, America was put into a “depression”, and the greedy bankers took possession of hundreds of thousands of farms, homes, and business properties. The people were told “times are hard” and “money is short.” Not understanding the system, they were cruelly robbed of their earnings, their savings, and their property.)
Now this day: the bankers are just printing more fiat money and putting us into a deflation that will kill us and make us to be forever slaves. We are slaves to these elite criminals, and we must have the knowledge and understanding to fight for our liberty once again through this knowledge and only vote for those men and woman who are brave enough to end the usury. It may take going without and helping each other out to get by, but we mustn’t believe the lies anymore.
Report Post »C.C.D.
Posted on January 2, 2011 at 2:01pmForget voting for politicians. The only thing you should be voting on, is whether to have light arms and be able to carry more ammo, or whether to have heavier cal. to rip through the trees. Or both…
Report Post »ANTIFA
Posted on January 2, 2011 at 3:09pm@C.C.D.
Who exactly do you think you’ll need to be shooting?
Report Post »tower7femacamp
Posted on January 2, 2011 at 8:56pmIN-GOD I think you would enjoy this video The Money Masters by Bill Still
Report Post »http://video.google.com/videoplay?docid=-515319560256183936#docid=-1583154561904832383
GOTT-EM-MAUSER
Posted on January 2, 2011 at 8:56pmAH YES!! The Federal Reserve Money Jews are taking their profits once again. My parents both lived through the Great Depression, and told me just how it all was actually accomplished, and by whom. Jefferson warned us about “Central Banks” being more dangerous to Liberty than Standing Armies. But, we didn’t listen then, and still won’t. So here we go again, only this time it would appear they have become too greedy for their own good, and their whole Ponzi Scheme is about to collapse their house of cards and phony paper money.
Report Post »5410amh
Posted on January 2, 2011 at 1:08pmwake up America this is where were heading hyperinflation.
Report Post »right-wing-waco
Posted on January 2, 2011 at 3:58pm“Who exactly do you think you’ll need to be shooting?”
If it gets bad enough, like 25-35 unemployment, people will be roaming the streets in search for YOUR food, if you have any left. You better be able to defend your family. That’s who. Let’s pray it never gets that far.
Report Post »GOTT-EM-MAUSER
Posted on January 2, 2011 at 8:24pmWACO,
Actually, LONG BEFORE it gets to that point. When things just begin to get bad, the BENEVOLENT GOVERNMENT folks DHS/FEMA will be at your door, to “REDISTRIBUTE” that which you have “HOARDED” and transfer it to those that didn’t, but really need/deserve it now. Under Federal Law (SEE FEMA) the Government has the right and the power to take any and all supplies, goods, gear, assets, everything that you own, including your home, and transfer them to whomsoever they deem as needing them more. In an EMERGENCY of course.
If you have a problem with the concept of punching .30 cal. holes through uniforms with little Stars and Stripes on them, and hired Government Goons inside them, best just give all your gear to somebody that doesn’t share your tender sensibilities.
This is coming soon, matter not what any of the Elected Felons decide to do or not do. They can not “FIX” this mess anymore. The window of opportunity for preventative repair has long since closed. Barring the “Second Coming” we are all screwed.
Report Post »ChiefGeorge
Posted on January 2, 2011 at 12:45pmI’m no economy expert but I know others who are. I personally believe them and for myself I cannot see how they could be wrong. I cannot see a good outcome of nation States defaulting in the Europeon Union. Calif is on the ropes and Jerry Brown says the situation is worse than what he thought. You think? Are heads just now being pulled out of the sand. Apparantly so!!!
There is a temptation to put ones head back in the sand and just hope for the best without changing anything. That would constitute self inflicted wounds. You must now change your lifestyles. Spend less save more. By only what you really need. Yea I know its hard.
The US is in dangerous straights like we have not seen before in a generation. We are quickly becoming the bad guy in the world and I don’t like the looks of it. The blame for the next big drop in the worlds econ affairs will be blamed on us. We are printing money and told others to spend more as well. Others are now seeing like Britain that this is madness and they are trying to hit the brakes on a very icy slope, the slide is gradual so its not all in one day but just like the vid posted here with the 20 car pile up, same is happening in relation to the econ. People are climbing that icy slope knowing darn well they are gonna slide right back down that hill. Crash!!
When the housing market went kaput, I saw newbys come into my hardhit area and pick up 3800sqft homes only 3 years old for 417K which originally sold in the mid 600k range. Those homes are now around the 373k mark since they purchased them in 2007 and were as low as 352K in 2008/09. They havent come up much and we expect a further slide in value this year. Its funny how we act towards others when we think we got a better deal than the poor slub who got themselves stuck in a upside down mortgage now find themselves in the same position. How does it feel? Well it totally sucks for sure but look at it this way. Your have the deed of trust and its your home and not a rental. You’ve got a safe place to live and thats a heck of a lot more than most people in this crazy upside world.
Report Post »Markd1015
Posted on January 2, 2011 at 12:38pmSo if America should ever get a 100 trillion dollar bill which president would be one the bill? Just wondering.
Report Post »right-wing-waco
Posted on January 2, 2011 at 12:43pmWho else but Obama would fit the crime of killing the economy? Past Presidents has been guilty of overspending and over growing the government, but, Obama has taken it to another level.
Report Post »right-wing-waco
Posted on January 2, 2011 at 12:59pmOther candidates are, Woodrow Wilson, FDR, Lynden Johnson, Bush.
Report Post »Insipid
Posted on January 2, 2011 at 2:35pmWoodrow is already on the $100,000 and its even a gold certificate.Google it once ..
Report Post »right-wing-waco
Posted on January 2, 2011 at 12:37pmThe notes are selling like… trillion dollar notes on eBay. They even have groups in serial number sequence. CAUTION: Watch the shipping cost. Some people sell the note for near nothing and then charge $20 for shipping.
Report Post »GoingBeck
Posted on January 2, 2011 at 12:10pm2011 US Budget Chopping Process
Place Social Security and Medicare funds in a lockbox,
and prohibit congress from ever touching it again
Estimate fiscal year revenue
Multiply by 90% to eliminate the ubiquitous liberal rosy scenarios
Deduct interest payable on the national debt off the top
Budget for national defense
Freeze entitlement spending and enrollment, let attrition do the cutting
Make everything else fit in whatever remains, if anything is left over:
Cut White House budget 50%, eliminate czars
Subpoena department/agency heads to justify their existence
Permanently cut all nonessential departments, agencies and programs
(about ¾ths of them can go – that would make Milton Friedman smile)
Cut federal employee salaries 25% and benefits 50%
Phase out 25% of remaining federal workforce over 3 months
(union jobs first)
(Just to begin with)
Report Post »right-wing-waco
Posted on January 2, 2011 at 12:41pmGoingBeck,
Report Post »Excellent, I agree with it fully. Otherwise, we can look forward to the Obama Trillion dollar notes in the near future.
jeffyfreezone
Posted on January 2, 2011 at 11:58amI was listening to Glenn’s radio show one morning and he had a guy on there offer to send us a 50 trillion dollar Zimbabwean note. I jumped on that offer. When I called for it to be sent, the guy taking the info asked if my annual income was 100 grand or more. I told him yes, in Zimbabwean currency. I wish it had been a hundred trillion dollar note, but the 50 trillion one is way cool. One more thing to thank Glenn for.
Report Post »MikeinIdaho
Posted on January 2, 2011 at 11:27amBehold the future of the US Dollar and the US economy if the marxist-in-chief isn’t stopped soon.
Report Post »C.C.D.
Posted on January 2, 2011 at 11:20amI think folks here are missing something. The paper money is already worthless! “ITS PAPER” with pictures of dead guys on it. The only thing holding our country together right now are the sleepy people, the people in denial, and the Chinese that can’t afford at the moment for the paper to be worthless. I believe the big plan of the progressives is to do away with paper all together. Everyone is already familiar with plastic, and with plastic, the New World Order can track each and everyone of us. It’s already been going on. At any given time you can be located, by cell phones, purchases, medical visits, you name it. Your being tracked and classified…
Report Post »DANO509
Posted on January 2, 2011 at 11:18amwelcome to obammas America
Report Post »comming to a state near you——this year
TJexcite
Posted on January 2, 2011 at 11:04amZimbabwe did it all wrong with the big bills. They should of just moved the decimal like they do in other places like Venezuela and the bolívar fuerte and the 1 to 1000 exchange. That 100 Trillion bill is not a trillion it is just the new 100 dollar then the 10 dollar then the 1 dollar.
Report Post »Beandawg
Posted on January 2, 2011 at 11:00amWhen do they start printing $1,000 here. Or do what Germany did in the 20′s. issue stamps to attach to your dollar bill, turning it into a ten?
Report Post »ironcowboy
Posted on January 2, 2011 at 11:07amWhen the SHTF and the dollar collapses I will turn to the Paseo
Report Post »Insipid
Posted on January 2, 2011 at 1:32pmThere are already 1000 dollar bills. You can probably find one on ebay, and they are legal tender. For years they were used for currency exchanges between international banks. There are even larger bills as well, I have a $!000 I bought years ago but there is even a $!00,000 you can see that one in the Smithsonian. Here is a link to our currencies
http://www.marshu.com/articles/presidents-on-us-united-states-paper-bills-currency.php
Report Post »C.C.D.
Posted on January 2, 2011 at 10:20amThere is no doubt it is coming. There is also something good that can come from the people that are refusing to wake up. And that is, they are still buying crap they don’t need which can benefit you. Now, Mr. Beck has been right about the food storage and getting rid of stuff you don’t need, a little late on drawl, but better late than never. I will be a little more specific.
First and for most, GET RID OF EVERYTHING YOU DON’T NEED!, and do not buy anything you don’t need, and the stuff you do need, don’t buy it from retail places, “Be Frugal”. Refer back to the Bible “There is a time to gather stones, and there is a time to cast stones away” this is what God was talking about. Sell everything you don’t need, and pay down your debt, your goal should be, to be debt free. Buying gold and silver is good, but there are things that will be worth more than gold. A prior post was correct “Lead”, ammunition will be worth more than gold. Medical supplies, antibiotics, survival gear, gas mask and chemical suites, water purification chemicals, common sense necessity’s “make a list” and make a plan, a hunker down plan and a evacuation plan.
Report Post »Hyper inflation’s in the past were different from the one we are facing now because when it has happened in the past the majority of the people were more knowledgeable when it came to feeding and taking care of themselves. If and when it happens in this country it will truly be the time for the rednecks to have the last laugh, we will survive. If you are not a redneck, become one or befriend some quick. Now I know you don’t need to be a redneck to survive, but these are the only people I know that will cut the liver out of a stag, eat it raw and wash it down with clear liquor, and consider it to be having a good time. Education will ultimately be your best friend, and remember what Franklin said: “It’s better to be prepared and not needed, than to need it and not be prepared”
freedomempowers
Posted on January 2, 2011 at 10:18am“the equivalent of nearly one third of the number of atoms estimated in the universe.”
Report Post »For the record 10^25 is NOT 1/3 of 10^80
foobear
Posted on January 2, 2011 at 5:04pmYeah, note to the author of this article – if you’re criticizing students for not knowing what numbers mean, you really REALLY shouldn’t make an amazingly brain dead claim like 10^25 is a third of 10^80.
Report Post »mr.goodvibe
Posted on January 2, 2011 at 10:18amIm surpised democrats have not tried lobby ZImbabwes government to rais taxes on all those millionaires.
Report Post »Hobbs57
Posted on January 2, 2011 at 9:55amIf I am not mistaken, which is very possible, as I am good at math but usually make some type of number error –lol But 100 trillion seconds = 32,258 years ..just in case anybody wondered..
Report Post »82dAirborne
Posted on January 2, 2011 at 10:28amGuess one of us is doing something wrong: I came up with something like3,170,979.197260274 years. If you reverse your numbers (32,258 X 365(days) X 24(hours) X 60(minutes) X 60(seconds) you get 1,017,288,288,000 (one trillion, 17billion,288 million, 288 thousand seconds…………….
Report Post »Justthefactsmam
Posted on January 2, 2011 at 11:17amActually it’s much easier than that…divide 100 trillion by 155 billion, you get 645.161 rounding off. Then you mulitply that by 5000 (155billion seconds = 5000 years) you get 3,225,806.452 years
Report Post »Brewskie
Posted on January 2, 2011 at 11:22amAre you guys taking into account the extra 24 hours every 4 years?
Report Post »82dAirborne
Posted on January 2, 2011 at 11:40am@Brewskie
no.
Report Post »right-wing-waco
Posted on January 2, 2011 at 12:35pmI did it with Excel and used 365.25 days for a year, which incorporates the leap year and I got 3,168,809
Report Post »years. I really can’t wait that long for retirement anyway.
82dAirborne
Posted on January 2, 2011 at 1:16pmWhat’s a couple of thousand years among friends?!?!?!?!?!?!
Report Post »Hayek-1_Keynes-0
Posted on January 2, 2011 at 1:47pm#1: The leap year is figured into the 5000 year “age” of the pyramids.
#2: If they were built “5000 years ago” (as the story problem proposes), then a year is a given unit, not 365 days or 365.25 days.
100T / 155B * 5000 years = 3,225,806.4516… years
Report Post »82dAirborne
Posted on January 2, 2011 at 2:20pm@Hayek-1_Keynes-0
ok. ok. I stand corrected! I stll say 40-50-60 thousand years over 3 million and change is not enough to worry about. 3,225,806.4516… years it is!!!!!!!!!!!
Report Post »Classical Libertarian
Posted on January 2, 2011 at 2:53pmisn’t there a bigger math flaw here? (bot trying to be an ass) but i did a dbl take on this one
the claim that 10^25th is 1/3 of 10^80th….. i don’t think so
its more like 10^ -55th as a fraction….. just clarifying i’ve made the same mistakes before.
secondly lets pray this never happens here or is mitigated better
Report Post »A Doctors Labor Is Not My Right
Posted on January 2, 2011 at 3:16pmOh good, a dedicated math thread:
Answer:
# of 5000 year periods (as represented by seconds) in 1 trillion seconds:
1 trillion / 155 billion = 6.451612903
5000 years times the # of 5000 year periods in 1 trillion seconds
5000 * 6.451612903 = 32258.06452 years in 1 trillion seconds
Or,
32,258 years, 23 Days, 13 Hours, 11 Minutes, 43 Seconds
Report Post »A Doctors Labor Is Not My Right
Posted on January 2, 2011 at 3:36pmCORRECTION!:
Answer:
# of 5000 year periods (as represented by seconds) in 1 trillion seconds:
1 trillion / 155 billion = 6.45161290322581
5000 years times the # of 5000 year periods in 1 trillion seconds
5000 * 6.45161290322581 = 32258.064516129 years in 1 trillion seconds
Or,
32,258 Years, 23 Days, 13 Hours, 9 Minutes, 41 Seconds
Report Post »Hobbs57
Posted on January 2, 2011 at 5:30pmDarn it for a second I thought I was right when I saw Doctor’s/Labor answer … Then I realized, we both made the same error.. I was figuring our for 1 trillion seconds, not, 100 trillion seconds So those of you who listed 3,225,806.452 days are correct..
Doctor’s Labor – You are correct for what you listed, but you listed it for the calculation of 1 trillion, as I did originally…
Just like the government grant I seen to make a bike trail in the area… It went from 3.5 million to $660,000, clerical error in the first estimate is all…. You know, it’s just our tax money, not there’s. I am sure they would have made the 3.5 million disappear on some naked statue of a man and a monkey having sex on top of a water fountain… you know, good rare art work exposure for our children to be exposed to ….
a few 100 million here to study ant’s , then a few 100 billion there studying rabbits sex behavior, and then before you know it , 14 Trillion in debt .. no big deal… we can just print 100 trillion dollar bills like, what is it in Zimbabwe. Heck, what are we worried about, imagine how much our 100 trillion dollar bill would be worth in Zimbabwe ..lol ..?<? Geez ..
May we stand strong together, not let them divide us, an save the last piece of Earth where the spirit is left in it's natural state… FREE God bless you all and Happy New Year
thanks to those of you who helped correct my backwards thinking arse … lol
Report Post »A Doctors Labor Is Not My Right
Posted on January 2, 2011 at 6:25pmcORRECTION AGAIN! (Reading error: It’s 100 Trillion, not 1 Trillion – Thank you @Hobbs57)
Answer:
# of 5000 year periods (as represented by seconds) in 100 trillion seconds:
100 trillion / 155 billion = 645.161290322581
5000 years times the # of 5000 year periods in 100 trillion seconds
5000 * 6.45161290322581 = 3225806.4516129 years in 100 trillion seconds
Or,
3,225,806 Years, 164 Days, 20 Hours, 7 Minutes, 45 Seconds
Report Post »A Doctors Labor Is Not My Right
Posted on January 2, 2011 at 6:29pmA SLIGHT COPY/PASTE ERROR CORRECTION – THIS TIME FOR THE WIN (with @Hobbs57′s help!)
Answer:
# of 5000 year periods (as represented by seconds) in 100 trillion seconds:
100 trillion / 155 billion = 645.161290322581
5000 years times the # of 5000 year periods in 100 trillion seconds
5000 * 6.45161290322581 = 3225806.4516129 years in 100 trillion seconds
Or,
3,225,806 Years, 164 Days, 20 Hours, 7 Minutes, 45 Seconds
Report Post »A Doctors Labor Is Not My Right
Posted on January 2, 2011 at 6:32pmI keep failing to change that one number to 645.161290322581.
I am so bad at copy/paste!
Report Post »A Doctors Labor Is Not My Right
Posted on January 2, 2011 at 6:42pmSo yeah, that should have read:
5000 * 645.161290322581 = 3225806.4516129 years in 100 trillion seconds
I’ll take just 1 of those Zimbabwe dollars, now. No, not the 100 Trillion one, but a 1 Zimbabwe bank note of the same era.
Inflation works the other way, too, right? If my 1 Zimbabwe bank note inflates, then the paper it’s printed on becomes priceless? :)
Just playing, kids. Paper money’s real worth is always that of paper.
Report Post »82dAirborne
Posted on January 2, 2011 at 6:45pmI find this thread fascinating! Did you guys (ladies?) notice anything strange?…………. We had a rather large difference here somewhere in the neighborhood of 3,193,xxx.xx. I saw no name calling, no insults, no personal attacks, Classical Libertarian pointed out a much larger problem with the whole thing and still no problems among those involved. Believe it or don’t: a couple of us admitted to being in error. Yep – that’s right we were wrong!!!!
If I were a right wing nut job or (so help me!) a member of the Tea Party I would think that maybe those on the left have no math skills or no interest in such a mundane subject.
No real point here I just thought it was nice to be able to hash something out in peace. Good start to the New Year! Thanks.
Report Post »82dAirborne
Posted on January 2, 2011 at 6:56pm@ A Doctors Labor Is Not My Right – ONLY 12 decimal points????? Can we please be exact here?!?!?!?!?!
Report Post »NotaLemming
Posted on January 2, 2011 at 9:43amI wonder who will be featured on the Trillion dollar bill, Clinton, Carter, Perhaps Bernanke or Paulson. I have an idea how about we just put a picture of ALL OF Congress on it. THEY DID THIS!
Report Post »guyperram
Posted on January 2, 2011 at 11:20amYea, but the picture of congress should be one of them mooning us.
Report Post »shotgunner
Posted on January 2, 2011 at 9:38amI just bought 2 of these on eBay for $2.45 each and 41cents shipping. I’ve always wanted to be a trillionaire!
Report Post »N37BU6
Posted on January 2, 2011 at 9:32amhttp://img262.imageshack.us/img262/1074/n37bu6.png
Report Post »psst
Posted on January 2, 2011 at 9:19amI posted last week that if one had a near worthless US dollar in Zimbabwe, One would be considered a Zimbabwean multi-millionaire.
Report Post »What da hey!! Not to worry.
In another 20 years or less (at the rate US are going) Communist Chinee visitors will be doing same to the US hunnerd dollar bill. Only they will be paying what is five cents in RMB .
NickDeringer
Posted on January 2, 2011 at 9:12amI wonder who’s picture will be on the US 100 trillion dollar note?
Report Post »C.C.D.
Posted on January 2, 2011 at 10:30amBenedict Arnold on the front, and the 111th congress on the back….
Report Post »Shane the Golden
Posted on January 2, 2011 at 12:24pmBenedict Obama
Report Post »David
Posted on January 2, 2011 at 9:07amGot gold? Got Silver? Got Platinum? Got Tea?
Report Post »82dAirborne
Posted on January 2, 2011 at 9:11amDon’t forget lead.
Report Post »wifezilla
Posted on January 2, 2011 at 9:59amGot some silver, copper, dry food, small livestock (ducks and quail), a garden, and the skills and supplies to make my own mead and hard cider. I’m good.
Report Post »Mr. John Sauls
Posted on January 2, 2011 at 11:13amDon’t foeget Copper>
Report Post »Annie Fields
Posted on January 2, 2011 at 8:59amIt can’t happen here! We have super secret special powers here in the United States of America! It’s the ONLY kind of American Exceptionalism liberals allow – The kind that says: You can add zero after zero after zero to your money supply and it will lead to PROSPERITY not COLLAPSE. I just love “fuzzy math” don’t you?
Report Post »guyperram
Posted on January 2, 2011 at 11:22amOur special ingreidient is called “pixie dust”. Works great! All the lib’s believe in it.
Report Post »Ventrella
Posted on January 2, 2011 at 8:52amThis is what happens with out of control inflation. It’s going to happen to us if we do not take a stand against big government. Don’t be afraid to tell your congressman to stop printing money that has no backing.
Report Post »TXPilot
Posted on January 2, 2011 at 9:03amDon’t waste your time going to Zimbabwe to obtain one of these notes, because if things don’t change soon they will be coming to a bank near you here.
Report Post »Cemoto78
Posted on January 2, 2011 at 9:14amYou will be able to get one of these in U.S. currency soon, the picture on it will be Obama on the front and Nancy Pelosi, Harry Reid, and the Congressional Black Caucus on the back.
Report Post »Eyore
Posted on January 2, 2011 at 9:18amIt will be far worse here
Report Post »There will be no dollar for us to turn to
Your congressman whether Republican or Democrat is either too stupid to do anything about it or in on it too
The Progressives in both parties want the the end of constitutional government and they are almost there
Ventrella
Posted on January 2, 2011 at 9:45amI’d like to think that they are listening, but all I get from my Senator is a form letter addressed: “Dear Friend”
Report Post »Xcori8r
Posted on January 2, 2011 at 9:53amBuckle your seatbelts.
Don’t how how fast, but we are driving the same road, and it’s bumpy.
Report Post »snowleopard3200 {cat folk art}
Posted on January 2, 2011 at 10:12amLord willing that will not happen ever in this nation. Keep pushing people, and we will win the nation back unto the greatness she is meant for. May the Almighty keep us in his grace and guidance in the future.
Got to admit though they would make interesting souvineres.
Report Post »Marcobob69
Posted on January 2, 2011 at 10:18amIt’s time to call on the Congress to AUDIT THE FED FROM TOP TO BOTTOM, AND INSIDE-OUT ALSO!!! Fix the problem, Congress!!!
Report Post »guyperram
Posted on January 2, 2011 at 10:36amLike a landslide, there is nothing we can do to stop the party they are throwing for us. There isn’t enough money in the world to right the US ship.
Report Post »Be prepared, 1to 2 year supply of food, per person, someplace away from large cities to live in.and friends to help all of you to survive. If you are rich enough, possession of gold is nice, but you cannot eat gold, and when push comes to shove, extra ammo to trade makes more sense.
This is far closer than you think. It will be the “crisis” they will use.
C.C.D.
Posted on January 2, 2011 at 10:43am@MARC, The elites think they are smarter than everyone else. They are not going to listen to telephone calls. They are not smarter as long as you are aware of what is going on, do not be mistaken they are not stupid either. There is only one thing these people are going to hear and understand, and until the people of this country finally get fed up will their call be answered…
Report Post »Insipid
Posted on January 2, 2011 at 12:42pmObama is going to be on the $1,000,000 food stamp
Report Post »Curator_JDR
Posted on January 2, 2011 at 1:01pmHas anyone seen the commercials where you can buy 2 two-dollar bills for ten dollars — “a sixty dollar value” it says. Paper money in this “new world order” really isn’t worth the paper its printed on. I really hope this isn’t coming to a supermarket near us.
Here’s a new animated feature that shows the insanity and destructiveness of the Progressives. Its very funny. http://www.marcrubin.com/hairmerica.ivnu LAUGHTER is the best medicine for Progressives just like sunlight is the best disinfectant.
Report Post »JESUS-IS-LORD
Posted on January 2, 2011 at 1:21pmGuess what? It’s only paper.
Report Post »thestimulusmonkey
Posted on January 2, 2011 at 1:42pmJust a note on hyperinflation – we are not like Zimbabwe. Our currency is the world’s reserve currency. If Zimbabwe‘s currency had been the entire planet’s reserve currency i think things may have worked out a little different in their economy.
Report Post »A Doctors Labor Is Not My Right
Posted on January 2, 2011 at 3:07pmAnswer:
# of 5000 year periods (as represented by seconds) in 1 trillion seconds:
1 trillion / 155 billion = 6.451612903
5000 years times the # of 5000 year periods in 1 trillion seconds
5000 * 6.451612903 = 32258.06452 years in 1 trillion seconds
Or,
32,258 years, 23 Days, 13 Hours, 11 Minutes, 43 Seconds
Report Post »A Doctors Labor Is Not My Right
Posted on January 2, 2011 at 3:37pmCORRECTION! (Rounding errors):
Answer:
# of 5000 year periods (as represented by seconds) in 1 trillion seconds:
1 trillion / 155 billion = 6.45161290322581
5000 years times the # of 5000 year periods in 1 trillion seconds
5000 * 6.45161290322581 = 32258.064516129 years in 1 trillion seconds
Or,
32,258 Years, 23 Days, 13 Hours, 9 Minutes, 41 Seconds
Report Post »tower7femacamp
Posted on January 2, 2011 at 3:58pmJust like the Federal reserve is going to bring to the US
Report Post »http://www.youtube.com/watch?v=fb5Iedk5Ab4
http://www.realzionistnews.com/?p=92
tower7femacamp
Posted on January 2, 2011 at 4:11pmSchact echoes the textbook lie that Weimar inflation was caused when the German government printed its own money. However, in his 1967 book The Magic of Money, Schact let the cat out of the bag by revealing that it was the PRIVATELY-OWNED Reichsbank, not the German government, that was pumping new currency into the economy. Thus, the PRIVATE BANK caused the Weimar hyper-inflation.
Like the U.S. Federal Reserve, the Reichsbank was overseen by appointed government officials, but was operated for private gain. What drove the wartime inflation into hyperinflation was speculation by foreign investors, who sold the mark short, betting on its decreasing value. In the manipulative device known as the short sale, speculators borrow something they don’t own, sell it, and then “cover” by buying it back at the lower price.
Report Post »http://wakeupfromyourslumber.com/node/6720
Soros was just a child when this happened.
A Doctors Labor Is Not My Right
Posted on January 2, 2011 at 4:40pm@tower7femacamp
Whenever you increase the number of that which represents wealth (not the wealth itself), that is an inflation of the representation of wealth.
So, printing money definitely causes inflation. Always has.
Note that inflation only pertains to the representations of wealth, and not the wealth itself. This is why Glenn is saying to just make stuff; Create actual wealth, for crying out loud, America!
This means you have to ignore the EPA and all regulations (e.g., the deep-water drilling moratorium, Net Neutrality type regulations, and Cap-and-Trade type regulations) – the court system is to be used to punish criminal acts, not regulations, because regulations treat someone as guilty before they’ve been given a fair trial.
Report Post »P C BE DAMNED
Posted on January 2, 2011 at 5:17pm645.161 years
Report Post »tower7femacamp
Posted on January 2, 2011 at 8:49pmA Doctors Labor Is Not My Right I agree that today we are Guilty until we can
Report Post »prove we are innocent.
But you do agree the federal reserve is Private and can only create DEBT ?
Mister President
Posted on January 2, 2011 at 11:12pmIf you’re at the point where you have to print bills denominated in the millions, why even bother anymore?
Report Post »A Doctors Labor Is Not My Right
Posted on January 3, 2011 at 1:20am@tower7femacamp
“But you do agree the federal reserve is Private and can only create DEBT?’
If you mean private in the sense that Unions can be private. Both are the ideas of Progressives, and both serve a Marxist end.
And contrary to “Leveraged Sellout”, banks certainly do not “straight create” wealth. I don’t know that they necessarily must create debt, though.
I mean, in the barter system, a profit is made by both parties of a transaction when they sell their excess goods for that which they don’t have; So, assuming a given currency is used to exacly represent the barter system (or as best it possibly can), then banks can help the private citizens by storing their wealth in “non-perishable” form.
But I think it’s different with the Federal Reserve, in that their purpose seems to be to hide the transactions of those with Progressive agendas – for example, selling our debts to private and government people (Socialists, Marxists, Communists, etc.) who do not share the interests of what is supposed to be the American free market Capitalist economy.
If so, then it would seem that the net effect of the Federal Reserve is to serve a Progressive/Central Planning/Big Government agenda , rather than that of the private sector.
Report Post »