Inflation in Zimbabwe is currently soaring at 231 million percent! 231,000,000%!!! Of course, by the time I finish this post, it'll be even higher. To put it another way, if the inflation rate were to stay stable for an entire year (which it most certainly won't), something that costs one zimbabwe dollar today will cost almost a quarter of a billion dollars a year from now. In reality it'll cost much, much more since the inflation rate is increasing on a minute-by-minute basis. Now that's currency devaluation on a grand scale!
The thing that worries me is that so many people in America (and other western countries) dismiss these devastating events by saying "It can't happen here", or "If it was really a problem, we'd hear about it on the news", or even "Why should I be concerned with something happening in a small African nation?" I'll be blunt here in order to get a point across - It CAN happen here - This is a REAL problem - And you SHOULD be concerned, even if you can't pinpoint Zimbabwe on a map. The truth is this is the INEVITABLE result of ALL fiat currencies, INCLUDING the U.S. Dollar. All paper money that's backed by nothing will eventually be inflated to the point it spirals out of control, leading to the destruction of the currency as it returns to its true value - nothing. This is not a guess, not a prediction, and not "crazy talk" no matter how far out in left field it may seem. Inflation and eventual hyperinflation that destroys a nation's wealth and purchasing power is an inherent flaw in all fiat (backed by nothing) currencies. It WILL happen to ALL fiat money, the inevitable can only be postponed and covered up with crafty lies, but it CAN'T be avoided forever.
Here's a pictoral progression of the hyperinflation currently taking place in zimbabwe. Pictures speak louder than words and show just how quickly monetary debasement (excessive creation of new money) can throw an entire country into financial turmoil.
One interesting thing to note is that the bills in the pictures linked above contain expiration dates. Money that expires, and soon! That's one heck of an alarming indicator on just how quickly Mugabe's money debasement has destroyed people's wealth. The expiration date is somewhat refreshing though - in an odd and sad way. After all, it's an outright admission that just because a fiat dollar has value today, doesn't mean it'll have the same value in the future. Maybe this disclaimer should be included on all currencies with no inherent value (especially the U.S. Dollar).
For those of you who still subscribe to the mindset that this "can't happen here", I seriously urge you to deeply question your reasons for this thought process. First, it's imperative that you understand the money you use - after all, it affects every aspect of your life. If you haven't taken the time already, stop everything you're doing and watch this video about the immoral scam of fiat currencies, including the U.S. Dollar. It's a real eye opener and explains in-depth the monetary system that controls our lives. It's well worth an hour of your time to understand what's really going on and the video will change the way you view money forever.
It may also be interesting to note that it wasn't too many years ago that one Zimbabwe Dollar was equal to one U.S. Dollar. Now, one U.S. Dollar will get you tens of millions of Zimbabwe Dollars. Zimbabwe followed a prescribed path towards hyperinflation and currency destruction and the United States (along with many other countries) are currently following the same path. So again, if you think this "can't happen here", at least get informed as much as you possibly can about the underlying issues that cause this devastation before risking the livelihood of yourself and family members on pre-conceived notions that have been force-fed from all directions by those perpetuating these crimes or blindly subscribing to these immoral falsehoods.
One more thing to note - The U.S. Federal Reserve (and all modern central banks) are private, FOR-PROFIT, companies. Their goal is to make a profit, NOT do what's best for the people they scam. If you give a private company unrestricted control of a nation's currency, with full knowledge that they make a profit by debasing the currency they control - human nature indicates they'll do just that. Don't believe for a second that those who control the money supply will provide solutions for the problems they themselves created - especially when it's not in their best interest. Sure, you'll get the horse and pony show, but it's just that - a show. A show to obfuscate the truth and deceive the public from what's really going on.
So get informed, protect yourself and your family, and remember that things aren't always as they seem. And yes, it can happen here.
Phil Stewart


BlueHost.com






November 2nd, 2008 at 3:41 am
[...] Pictorial Progression of Hyperinflation in Zimbabwe - Plus …Inflation in Zimbabwe is currently soaring at 231 million percent! 231000000%!!! Of course, by the time I finish this post, it’ll be even higher. To put it another way, if the inflation rate were to stay stable for an entire year (which … [...]