Re: If you thought the economy was bad here.... in Canadian Chat

Re: If you thought the economy was bad here.... in Canadian Chat http://www.dslreports.com/forum/r20811275 en Wed, 11 Nov 2009 03:53:20 EDT Wed, 11 Nov 2009 03:53:20 EDT Re: If you thought the economy was bad here.... http://www.dslreports.com/forum/remark,20835043 Mashiki : Actually reminds me of Germany pre-WWII. People used to do the same thing, wheelbarrows full of money to buy a loaf of bread, and use it for heating their homes.

Big surprise he's run the country into the ground however.]]> http://www.dslreports.com/forum/remark,20835043 Wed, 23 Jul 2008 05:38:18 EDT Re: If you thought the economy was bad here.... http://www.dslreports.com/forum/remark,20834913 Krispy :

said by ManMachine

:

Notice his shirt ;)

Cool although it's actually quite common to see that in 3rd world countries. In addition to donations it's a regular practice for clothing manufacturers and/or promotional companies to, for example, pre-print two versions of t-shirts for the winner of the Stanley Cup prior to the actual game and then they ship the losing team's shirts off to 3rd world for tax credits and to ensure they don't hit the western markets.
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you can lead a horse to the water but you cannot make him drink...you can put a man through school but you cannot make him think --ben harper
]]> http://www.dslreports.com/forum/remark,20834913 Wed, 23 Jul 2008 03:13:22 EDT Re: If you thought the economy was bad here.... http://www.dslreports.com/forum/remark,20833040 Wolfie00 : That's right -- they are all like that, though. That's as real as it gets, down there in Zimbabwe! They also have some other weird stuff called "Agro-notes" which are something even more flaky!! Basically, none of it is worth the paper it's printed on, in terms of intrinsic value.]]> http://www.dslreports.com/forum/remark,20833040 Tue, 22 Jul 2008 19:25:51 EDT Re: If you thought the economy was bad here.... http://www.dslreports.com/forum/remark,20832988 Devanchya : Read that note. It's an actual Cheque.

It's only good for 1 year.

Issued Aug 1, 2006. Expires July 31, 2007.]]> http://www.dslreports.com/forum/remark,20832988 Tue, 22 Jul 2008 19:15:04 EDT Re: If you thought the economy was bad here.... http://www.dslreports.com/forum/remark,20832950 Wolfie00 :

said by Desi

:

Zimbabwe's currency is now collectable, worth more on eBay then on the streets :D

I'm tempted, but I can't find a good price on a whole wad of them. The cheap ones are just a couple of bills, and the bundles come to real money.

A lot of them are being sold out of African countries, which is a nice example of entrepreneurialism: the dude has a banknote for $500 million (which if you are reading this today is worth about half a cent, tomorrow maybe one-third of a cent!) and sells it on eBay for $20. That's 4,000 times face value!

This just gets better -- they don't only have huge denominations, but also this kind of thing -- now, this would be absolutely perfect to leave as a tip someplace where the service was pretty bad! :D

[att=1]
--
"Until he extends his circle of compassion to include all living things, man will not himself find peace" -- Dr. Albert Schweitzer
"A dog is like a child who never grows old ... always there to love and be loved" -- Aaron Katcher

]]> http://www.dslreports.com/forum/remark,20832950 Tue, 22 Jul 2008 19:08:31 EDT Re: If you thought the economy was bad here.... http://www.dslreports.com/forum/remark,20826763 Desi : Zimbabwe's currency is now collectable, worth more on eBay then on the streets :D

»search.ebay.ca/search/search.dll···ch&fgtp=
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The User formerly known as Desi StYlE]]> http://www.dslreports.com/forum/remark,20826763 Mon, 21 Jul 2008 17:34:35 EDT Re: If you thought the economy was bad here.... http://www.dslreports.com/forum/remark,20823545 ManMachine : Notice his shirt ;)

]]> http://www.dslreports.com/forum/remark,20823545 Mon, 21 Jul 2008 03:14:09 EDT Re: If you thought the economy was bad here.... http://www.dslreports.com/forum/remark,20821703 dirtyjeffer : buy $20 worth of their money and put it in your safe for twenty years...then, when Mugabe is long dead and other people have turned the country around, their currency might be worth something. :)

the ZWD used to be worth MORE than the USD, imagine if it could recover and you have billions in your safe!! ;)
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Best Marketplace Ever: »www.cbc.ca/marketplace/speed_bumps/]]> http://www.dslreports.com/forum/remark,20821703 Sun, 20 Jul 2008 19:01:37 EDT Re: If you thought the economy was bad here.... http://www.dslreports.com/forum/remark,20820824 Desi : It would be cool to have a 500,000,000 Note and be able to say that it was at one point legal currency. I wonder how I can get one? :D
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The User formerly known as Desi StYlE]]> http://www.dslreports.com/forum/remark,20820824 Sun, 20 Jul 2008 15:09:13 EDT Re: If you thought the economy was bad here.... http://www.dslreports.com/forum/remark,20820678 pat_lc2000 : I really want some of that money...it would look great on the wall next to my New York Central stock.]]> http://www.dslreports.com/forum/remark,20820678 Sun, 20 Jul 2008 14:20:02 EDT Re: If you thought the economy was bad here.... http://www.dslreports.com/forum/remark,20820411 Wolfie00 :

said by MacGyver

:

Zimbabwe inflation at 2,200,000%

What a screwed up country that is. Their central bank (if you could call it that) is now issuing bank notes of ridiculous proportions.

I gotta get me some of that currency while it lasts ... think of all the uses: you could frame it, you could leave it as a tip when the service was a little sub-par, you could go into your bank late on a Friday afternoon and try to deposit it..... ;)

According to CNN, real prices on the black market are even worse than the official inflation rate: "...laundry soap on the black market went up by 70 million percent, cooking oil by 60 million percent and sugar by 36 million percent".

Essentially there is no longer any concept of "money". According to the BBC article a Zimbabwean economist named Rejoice Ngwenya, who apparently has been studying the situation closely, declared it "not sustainable"! :o (I'm sure he also described it as "really bad"!) I'm guessing that "Rejoice" came to this alarming conclusion when he found out that the $100,000,000,000 in his wallet was worth less than one Canadian loonie or U.S. dollar (literally true)! :D

[att=1]
--
"Until he extends his circle of compassion to include all living things, man will not himself find peace" -- Dr. Albert Schweitzer
"A dog is like a child who never grows old ... always there to love and be loved" -- Aaron Katcher

]]> http://www.dslreports.com/forum/remark,20820411 Sun, 20 Jul 2008 13:12:48 EDT Re: If you thought the economy was bad here.... http://www.dslreports.com/forum/remark,20811275 capdjq : The losses are already factored in the current Stock prices, of Companies ahead of the data release. The gains and losses come as no great shock to the stock market. They already forecast certain Companies quarterly reports and if it beats expectations then the stocks will rise.
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Despite the cost of living, have you noticed how it remains so popular?]]> http://www.dslreports.com/forum/remark,20811275 Fri, 18 Jul 2008 11:01:20 EDT Re: If you thought the economy was bad here.... http://www.dslreports.com/forum/remark,20810299 elwoodblues : Greed , hard at work, as come back to bite everyone in the ass.

This has only begun, I saw a few quarterly reports in the paper today... losses.. losses..

Oh but the spin is ".. the loses are not as high as expected"

Nothing like turning a pigs ear into silk]]> http://www.dslreports.com/forum/remark,20810299 Fri, 18 Jul 2008 04:06:53 EDT Re: If you thought the economy was bad here.... http://www.dslreports.com/forum/remark,20808058 AR : Don't bother with Zimbab-whatever...just look at the US:

»www.money.cnn.com

Daily dose of depression there.]]> http://www.dslreports.com/forum/remark,20808058 Thu, 17 Jul 2008 18:38:32 EDT If you thought the economy was bad here.... http://www.dslreports.com/forum/remark,20807817 MacGyver : Zimbabwe inflation at 2,200,000%

What a screwed up country that is. Their central bank (if you could call it that) is now issuing bank notes of ridiculous proportions.]]> http://www.dslreports.com/forum/remark,20807817 Thu, 17 Jul 2008 17:49:47 EDT