Tuesday, July 5, 2011

Display of Zimbabwe currency $1 to a $1 Trillion

http://www.youtube.com/watch?v=dcaa0KV2xVg&feature=player_embedded#at=166
The hyperinflation took only one and a half years.  In one day a Coke cost $50 billion dollars in the morning, $100 billion at noon, and $150 billion that evening.
The YouTube is 3 minutes long.

It is interesting that Belarus seems to be starting down a similar path.  On June 25, 2011, the article below talks about how their currency was devalued by over 50% earlier that week.



Welcome To Hyperinflation Hell: Following Currency Devaluation, Belarus Economy Implodes, Sets Blueprint For Developed World Future


Submitted by Tyler Durden on 05/25/2011 17:22 -0400
http://www.zerohedge.com/article/wel...lodes-sets-blu


"A ‘91-style meltdown is almost inevitable." So says Alexei Moiseev, chief economist at VTB Capital, the investment-banking arm of Russia’s second-largest lender, discussing the imminent economic catastrophe that is sure to engulf Belarus following the surprise devaluation of the country's currency by over 50%, which we announced on Monday. 

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