Zimbabwe introduces Z$100bn note
Zimbabwe is to introduce a bank-note worth Z$100bn in response to rampant inflation – but the note will barely cover the cost of a loaf of bread.
..But Zimbabwe residents say the latest note is already worthless, and does not even cover their daily lunch.
“Nowadays, for my expenses a day, I need about Z$500 billion,” one resident said.
“The arc of history shows that governments which serve their own people, survive and thrive. Governments which serve only their own power, do not.”
President Barack Obama during an address in Moscow at the New Economic School, July 07, 2009.
H/T - HoR
"The Declaration of Independence, the Constitution, the Bill of Rights––are not simply words written into aging parchment. They are the foundation of liberty and justice in this country, and a light that shines for all who seek freedom, fairness, equality and dignity in the world."
President Barack Obama during a speech, May 21, 2009.
“Suppressing ideas never succeeds in making them go away.”
President Barack Obama during a speech, June 4, 2009.
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1 Comment
July 26, 2008 at 8:25 am
One can’t help concluding that Zimbabwe’s horrible tragedy would have been dealt with long ago, had the ‘black’ been below ground, rather than on top.