Pictures From Zimbabwe

Tyler Durden's picture




 

Just because "Spanish banks are fine" 12 days before they got a full-blown bailout, and global hyperinflation can never happen in this world, where every central planner is now preparing to hold the CTRL and P buttons until the bitter end, here are some pictures from Zimbabwe.

 

And some charts:

 

And the chart most familiar to Americans as at least when it comes to government debt, Zimbabwe is America.

But don't worry. The USD will never lose its reserve status. Oh wait...

Finally, a timeline:

  • April 1980
    • The (first) Zimbabwean dollar replaces the Rhodesian dollar at par, which buys US$1.54. A series of bank notes is issued, ranging from Z$2 to Z$20.
  • From 1994 to 2006
    • The Reserve Bank issues a new series of notes, from Z$2 to Z$100. As inflation rises and erodes the currency’s purchasing power, Z$500 and Z$1,000 banknotes are issued from 2001 to 2005. In the first half of 2006, new Z$50,000 and Z$100,000 denominations debut.
  • Aug. 1, 2006
    • The first currency reform is implemented in an effort to contain spiraling inflation. The Zimbabwean dollar is redenominated by lopping off three zeros from the old currency. The new (second) Zimbabwean dollar is revalued at one new dollar = 1,000 old
      dollars.
  • July 1, 2007
    • The Z$500,000 note is introduced, valued at about US$16 at the official exchange rate.
  • Dec. 31, 2007
    • The Z$750,000 (US$25) note begins circulation.
  • Jan 1, 2008
    • The Z$1 million, Z$5 million and Z$10 million denominations debut.
  • April 2, 2008
    • Z$25 million and Z$50 million bills are introduced. Prices of basic goods are in millions—a T-shirt costs Z$276.5 million, pants Z$2.75 billion. Tomatoes and other local produce are priced in millions.
  • At a restaurant, two beers and water cost Z$1.24 billion.
  • May 2, 2008
    • The Z$100 million, Z$250 million and Z$500 million notes debut. Annual inflation reaches more than 100,000 percent.
  • May 15, 2008
    • Z$5 billion, Z$25 billion and Z$50 billion notes are printed.
  • July 1, 2008
    • A Z$100 billion note is issued, about the price of three eggs at the time.
  • Aug. 1, 2008
    • Another round of currency reforms is implemented. The government slashes 10 zeros from each second Zimbabwean dollar bill and the third Zimbabwean dollar is valued at 10 billion old dollars (second Zimbabwean dollars). Inflation continues rising.
  • Sept. 29, 2008
    • New Z$10,000 and Z$20,000 notes are introduced.
  • Oct. 13, 2008
    • The new Z$50,000 bill is printed.
  • Nov. 5, 2008
    • Z$100,000 and Z$500,000 notes are issued.
  • Dec. 4, 2008
    • The Z$1 million, Z$10 million, Z$50 million and Z$100 million bills appear. Ten days later, the Z$200 million and Z$500 million banknotes debut, followed by the Z$1 billion, Z$5 billion and Z$10 billion notes issued on Dec. 19, 2008.
  • Jan. 12, 2009
    • The government issues two new denominations: Z$20 billion and Z$50 billion bills.
  • Jan. 16, 2009
    • Even higher denominations are issued: Z$10 trillion, Z$20 trillion, Z$50 trillion bills and the largest banknote ever—the Z$100 trillion bill.
  • Feb. 3, 2009
    • The Reserve Bank of Zimbabwe introduces the fourth Zimbabwean dollar, with 12 zeros removed from old bills, making 1 trillion old dollars equal to one new dollar. Denominations of the new currency are the Z$1, 5, 10, 20, 50, 100 and 500 notes. However, loss of confidence quickly leads to abandonment of the Zimbabwean dollar in favor of foreign currencies, primarily the U.S. dollar and the South African rand.

Source: Dallas Fed

 

 

 

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Fri, 06/15/2012 - 15:59 | 2530538 Manthong
Manthong's picture

They will get to post that one up again with USD replacing ZIM.

Fri, 06/15/2012 - 16:12 | 2530579 Rahm
Rahm's picture

The U.S. is not Zimbabwe. 

 

And in other news, the law of gravity has been suspended indifidently in the Western World.

Fri, 06/15/2012 - 16:13 | 2530591 economics9698
economics9698's picture

As long as people with a marginal propensity to consume keep losing their jobs inflation stays in check.

Fri, 06/15/2012 - 16:14 | 2530596 economics9698
economics9698's picture

The yids are loving this shit.  1920s Germany all over again!

Fri, 06/15/2012 - 16:34 | 2530664 vast-dom
vast-dom's picture

so what ethnicity are you? religion? just curious...

Fri, 06/15/2012 - 16:46 | 2530706 economics9698
economics9698's picture

I like the Aqua Budda God.

Fri, 06/15/2012 - 17:00 | 2530739 vast-dom
vast-dom's picture

that god doesn't teach hatred like you so regularly exhibit. 

Fri, 06/15/2012 - 17:08 | 2530767 vast-dom
vast-dom's picture


rascit friday troll party on zh. 

did you know that tyler is a jew too? you're all fucked!

Fri, 06/15/2012 - 17:16 | 2530784 flacon
flacon's picture

I call it [the photos in the article] "ZIM. STIM.". 

Fri, 06/15/2012 - 17:24 | 2530810 flacon
flacon's picture

China Buying London Metal Exchange

 

The LME is not the same as the LBMA which trades precious metals. Just a FYI.

Fri, 06/15/2012 - 20:45 | 2531119 economics9698
economics9698's picture

If Tyler is a Jew good for him.  Who cares?  We have seen this game before and we know how it ends.  Centuries of playing this cat and mouse game.  Heads up Tyler the shit is coming down the hill.

Tyler should read his history.  There is only one way this game will end.

 

Fri, 06/15/2012 - 20:57 | 2531139 Harlequin001
Harlequin001's picture

so who wipes their arse on 'cardboard'?

Man I've lived a sheltered life...

Fri, 06/15/2012 - 21:16 | 2531153 tenpanhandle
tenpanhandle's picture

Don't use cardboard, use Charmin; it takes the arrrr out of arse wipe.

Fri, 06/15/2012 - 21:35 | 2531168 nmewn
nmewn's picture

I'm thinkin the guy with the chickens thought he was making off like a bandit...till the next day when eggs doubled in price again...lol.

Run run run RUN!!

http://www.youtube.com/watch?v=ZfUkFLfHSsE

 

Fri, 06/15/2012 - 21:44 | 2531179 Amish Hacker
Amish Hacker's picture

I'm thinking if three eggs cost 100 billion, how much is a hen worth?

Fri, 06/15/2012 - 22:15 | 2531207 nmewn
Sat, 06/16/2012 - 04:16 | 2531586 Harlequin001
Harlequin001's picture

I'm thinking,'Does anyone want any spare display shelves, going cheap?'

available for immediate delivery, only a couple a hundred trillion $'s...

Fri, 06/15/2012 - 22:32 | 2531236 mjcOH1
mjcOH1's picture

By the time eggs are $33billion each, I'm thinking he's probably figured out not to hold the paper until tomorrow. 

Sat, 06/16/2012 - 04:17 | 2531588 Harlequin001
Harlequin001's picture

Good god man, it's cheaper than wrapping paper...

Sat, 06/16/2012 - 07:36 | 2531701 Surly Bear
Surly Bear's picture

I want to be a billionaire so fucking bad....

Sun, 06/17/2012 - 08:00 | 2533482 Kobe Beef
Kobe Beef's picture

I'm a two-hundred trillionaire. I bought two of the 100 trillion notes on amazon.

They make a great gag, and an even better way to teach children about the difference between "money" and metals.

I'll take one of 'em by ye olde strip club and see what 100 trillion dollars gets in the VIP. harharhar

Fri, 06/15/2012 - 21:58 | 2531188 reader2010
reader2010's picture

"Anti-Semitism, as an extreme form of racial chauvinism, is the most dangerous vestige of cannibalism. Anti-Semitism is dangerous for the toilers, for it is a false track which diverts them from the proper road and leads them into the jungle. Hence, Communists, as consistent internationalists, cannot but be irreconcilable and bitter enemies of anti-Semitism. In the U.S.S.R., anti-Semitism is strictly prosecuted as a phenomenon hostile to the Soviet system. According to the laws of the U.S.S.R. active anti-Semites are punished with death."

 - Joseph Stalin, 1937

Sat, 06/16/2012 - 21:18 | 2532948 mjk0259
mjk0259's picture

Yeah, he always stuck to his word. Was fixing to wipe out the Jews himself when he died, might be why he died.

Fri, 06/15/2012 - 17:21 | 2530791 Waffen
Waffen's picture

Just as not all people are bad, not all Jews are bad. Unfortunately Zionism and the Talmud makes Jews more prone to be deceitful liars with no qualms about stealing an destroying from the cows(goyim) put on earth to serve them the "chosen" people.

Unlike myself who was taught it was wrong to lie, cheat and steal. I was taught that we should all work for the betterment of humanity, a certain religion is taught otherwise and to deny the fruits of their dishonest labor is to deny that which enslaves and destroys us.

I only choose to point out this particular evil, because I am bitter about being lied to for so long about how innocent and kind and loving this particular religion is.

I do not take kindly to being lied to.

Fri, 06/15/2012 - 17:27 | 2530813 DCFusor
DCFusor's picture

Has anyone else ever noted the Bible doesn't say WHAT the Jews were chosen for?  Could have been, I need an example of how bad, faithless, greedy, licentious and so on humans are for this "owners manual for the human race" for all it actually says about "why are the Jews the chosen people.

Read the Old Testament - and I've just given you the overview above!

Whether you buy into it or not, the Bible actually is a pretty decent "owners manual for humans" - shows all the ways we are stupid, over and over...

Fri, 06/15/2012 - 18:33 | 2530943 francis_sawyer
francis_sawyer's picture

yeah... like buying Chevy Volts...

Fri, 06/15/2012 - 19:06 | 2530994 Obadiah
Obadiah's picture

These jews you speak of are these

Rev 3:9 Behold, I will make them of the synagogue of Satan, which say they are Jews, and are not, but do lie; behold, I will make them to come and worship before thy feet, and to know that I have loved thee.

Fri, 06/15/2012 - 20:11 | 2531082 CompassionateFascist
CompassionateFascist's picture

Jews are just like everybody else. Only more so.

Fri, 06/15/2012 - 18:00 | 2530872 barkingbill
barkingbill's picture

you know what is sad? after all the centuries, enlightenment, etc....we are still stupid tribal idiots. 

Fri, 06/15/2012 - 20:34 | 2531113 economics9698
economics9698's picture

Yes sir we are, and that would be okay if people respected one another and were truthful with each other.  Unfortunately certain groups are always exploiting other groups and preying on their sense of fair play.

No group is 100% anything.  Some of my all time favorite writers are Schiff, Rothbard, Freidman, and Rand.  Like any group there are characteristics that distinguish the group from others and a few good honest ones unfortunately cannot overcome thousands of years of inbreeding.

Fri, 06/15/2012 - 21:58 | 2531189 LetThemEatRand
LetThemEatRand's picture

And yet you work for the government.  

Fri, 06/15/2012 - 22:18 | 2531208 Calmyourself
Calmyourself's picture

Yet you still have not allowed your employees a Union vote and you advocate stealing hard earned estates to enrich your pals in Government..

Fri, 06/15/2012 - 20:43 | 2531126 Stuck on Zero
Stuck on Zero's picture

Humans are amazing.  We've only come down from the trees 50,000 years ago and now we send spacecraft out of the solar system.

Fri, 06/15/2012 - 21:10 | 2531149 Calculated_Risk
Calculated_Risk's picture

And still can't balance a check book.

Sat, 06/16/2012 - 08:22 | 2531750 Pope Clement
Pope Clement's picture

Interesting timeline there; the 50,000 year old artwork in those caves in France and Spain led Picasso to remark that we haven't learned a thing....

Sat, 06/16/2012 - 00:50 | 2531426 RafterManFMJ
RafterManFMJ's picture

Say, what tribal group voted 94% for Obama? I'm not sure, so I'm going to google that...

Fri, 06/15/2012 - 17:33 | 2530821 TheGardener
TheGardener's picture

Vast-dome,  I have a jewish joke on you : "What is a philosemite? An antisemite who loves the joos !"

Did it ever occur to you that a true financial site is a jewish site and your kind of political correct racists are

not just unwelcome, but pure scum of all races ?

 

Fri, 06/15/2012 - 17:46 | 2530845 TheGardener
TheGardener's picture

And as an aside and as a choosen one I have an entirely different (working) theory on this cold blooded

intelligence of Tylers.

Fri, 06/15/2012 - 17:54 | 2530857 Ben Dover
Ben Dover's picture

Shit! I owe him a Hanukkah card!

Fri, 06/15/2012 - 18:05 | 2530888 Henry Hub
Henry Hub's picture

***did you know that tyler is a jew too?***

All the more credit to him (them) for being real supporters of free speech. The hardest part of free speech is allowing it when what being said is anathema to you.

Saying that, I believe everyone should tone down the anti-Jewish rhetoric on this site. We can all have a discussion on Israel, Zionism and the power of the Jewish lobby in the U.S. without resorting to attacks on Jewish people in general.

Fri, 06/15/2012 - 20:14 | 2531086 Western
Western's picture

But the Rothschilds are jews....

Fri, 06/15/2012 - 22:33 | 2531240 mjcOH1
mjcOH1's picture

Don't forget Captain Kirk.....and Mr Spock too.

Fri, 06/15/2012 - 23:21 | 2531330 GoodMorningMr.V...
GoodMorningMr.VanRumpoy...'s picture

Rothschilds are not Jewish. Despite what's claimed, there is no such thing as being just ethnically Jewish.

You either practice the faith, or you are an atheist Khazar like the Rothschilds.

Fri, 06/15/2012 - 20:37 | 2531116 Uncle Remus
Uncle Remus's picture

But that'll drop the page hits.

Jeebus.

Fri, 06/15/2012 - 18:13 | 2530902 eatthebanksters
eatthebanksters's picture

I'm not Jewish but I'll give your last post a +1

Fri, 06/15/2012 - 19:40 | 2531026 hedgeless_horseman
hedgeless_horseman's picture

 

 

Jesus Christ was a jew, and he also hated the money changers.  Coincidence?

Fri, 06/15/2012 - 20:00 | 2531067 The Big Ching-aso
The Big Ching-aso's picture

 

 

If I gotta wipe my butt with money someday I just hope the ink's dry.

Fri, 06/15/2012 - 23:31 | 2531344 DTCC 1999
DTCC 1999's picture

That was hilarious and much needed bro. 

Side note: 

When ever I've supported regrettably cruel behavior; I didn't feel like the "bad guy" at the time and was angry as hell without important information that should have been factored in.   

At first when hearing the "game changing" info I was mad at the messenger too.  So now when outraged after hearing something an effort is made to gather more information or reserve judgement until able to do so.  

No matter how smart some one is the second they forget it is human nature to be gullible and influenced - they make it "easy". 

Didn't believe in an after life until listening to ppl who were clinically dead on the show "I Survived: Beyond and Back" and started weighing diff. POV's from diff. sources against the evidence (forming a time line is important) - that's helped some in putting life into context. 

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