Zimbabwe’s central bank is rolling out a $50 billion note. It barely buys two loaves of bread. A couple weeks ago, the new currency–a $20 billion note–could purchase 20 loaves of bread.
This is where America is heading, if our government doesn’t fundamentally rein in spending.
if our government doesn’t fundamentally rein in spending.
HAR! You said ‘American government rein in spending’? HAR HAR!!
Yep. Does anyone remember the days of having to be paid twice per day because inflation was so high?
Adam T: I said unless government reins in spending. I did not say what my thoughts were about the probability of that happening. That would be along the same level as a snowball splashing down in the lake of fire…