Metallic Pea

Frustrating People Since 1971.

I’ll See Your 50 Billion and Raise You a Trillion

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‘When the money of the people of Egypt and Canaan was gone, all Egypt came to Joseph and said, “Give us food. Why should we die before your eyes? Our money is used up.”‘ ~ Genesis 47:15

I’ve mentioned before that the Congress’ intervention in the economy–in collusion with the Federal Reserve–which will serve only to inflate the money supply and drive down the value of the Dollar is much the same course undertaken in Zimbabwe.  Remember those Z$50 Billion notes they have floating around over there?  Well, their recklessness has forced their hand once again:

‘Zimbabwe’s central bank will issue a 100 trillion Zimbabwe dollar banknote, worth about $33 on the black market, to try to ease desperate cash shortages, state-run media said on Friday.’

    

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Written by ninepoundhammer

January 16, 2009 at 2:59 pm

Posted in economy

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