[ April 24, 2024 ]
This is an economic lesson for the Democrats. Printing money is the road to ruin.
It started in the early 2000s, when the government of then-President Robert Mugabe printed ever more money…..
….businesses have started printing their own “money”—scraps of paper, sometimes handwritten, that customers can use to pay for future purchases. Others are handing out change in-kind, making customers whole with juice boxes, pens or slices of cheese.
Story continues below advertisementThe Country Behind the $100,000,000,000,000 Bill Hits a New Stage of Dysfunction
Zimbabweans don’t trust local currency and there isn’t enough U.S. cash to make change, so vendors issue their own on scraps of paper
By: By Gabriele Steinhauser and Bernard Mpofu, Wall Street Journal, March 23, 2023:
HARARE, Zimbabwe—On a recent afternoon, Rutendo Manyowa handed over a U.S. $5 bill to pay for her $3.50 order of chicken, fries and a soft drink at a popular fast-food joint in the Zimbabwean capital. But instead of a $1 bill and two quarters in change, the cashier handed Ms. Manyowa three slips of paper, bearing the restaurant’s name and the amount of money she could use to buy her next meal.
Zimbabwe, the country that brought the world the one-hundred-trillion-dollar bill, has reached a new stage of monetary dysfunction. Because of a lack of small change, businesses have started printing their own “money”—scraps of paper, sometimes handwritten, that customers can use to pay for future purchases. Others are handing out change in-kind, making customers whole with juice boxes, pens or slices of cheese.
The paper chits and other pecuniary workarounds are the latest products of two decades of extreme mismanagement of Zimbabwe’s currency.
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10 Comments
1 year ago
This is the economic model for Democrats
This is what the new Democrat Woke Party actually wants for America
Don’t encourage them
This DEI in practice
This is the result of anti-white rhetoric followed by actual policies.
CA is almost there with its “reparations” bills and Biden’s Equity Agenda is modeled on South Africa which took it from Zimbabwe, a country whose dictator Jimmy Carter praised as a hero and model.
1 year ago
The words “Stop the inflation” really mean “Stop Joe Biden and those hiding “behind the curtains “ who uphold and manipulate their puppet “President” Biden to achieve all their sinister goals
The bad economy is because of Joe Biden with is socialist economics meddling and interfering in and destroying the American free enterprise system
For Biden is the epitome and personification of America’s economic disaster in the United States.
High prices for fuel and the gas station and at the grocery store are terrible, and, still prices are growing higher. Things will get worse – “thanks” to Biden.
All because of that awful Biden with his socialist economics, he is a disaster for both America and the American people.
That fiend Biden worked against the American oil industry and likewise shut down the American oil pipeline therefore costing US citizens to lose their much need jobs. All of this has to be part of Biden sinister scheme to make the United State dependent on foreign oil.
Biden is, truly, a traitorous treasonous villain.
1 year ago
Joe Biden is responsible for the terribly high cost of gas and groceries with his constant socialist meddling and interfering in the American free enterprise system is only harming America and the American people.
Likewise “President” pretender Biden when he shut down the Northern oil pipeline industry causing many American workers to lose their much need jobs is a disaster but to make this terrible situation even worse this results to two awful related things.
It made the United States once against dependent on foreign oil and likewise this added to the already rising prices fuel at the gas station.
That subversive horrible Biden and those “behind the curtains.” Who uphold their stooge in the Office of the US Presidency must have insidious sinister subversive intentions.
They have Biden as their tool for the degradation and debasement of the United States in the Red/Green agenda.
They are a dangerous as they are also despicable.
1 year ago
Joe Biden with his constant socialist meddling and interfering in the American free enterprise system.is wrecking the economy of this nation.
Biden even destroyed the business of that northern oil pipeline causing many American workers to lose their much-needed jobs. Likewise making the United States once again dependent on foreign oil.
That was one of many factors that contributed high price of gas and groceries.
It was reported on the news the this very high price of fuel .cost men driving trucks for a living so spending as much a one thousand dollars to fill up the gas tanks of their truck, causing many of them to go out of business thus losing their jobs . This is one reason foe high food prices and barren shelves at the grocery market.
Related to this is that by Biden pushing and even attempting to force socialism of the United States economic system also inflection at the grocery store and because many empty shelves, People never saw empty shelves during the Trump administration.
This Bogus US “President” must be deliberately attempting to harm this nation. What a treasonous villain he is.
Other villains who ,”behind the curtains ,” are other treacherous dangerous villains who use this puppet “president” as their useful idiot and tool as one of their weapons against America.
1 year ago
Joe Biden as a politician of fifty years in government had done nothing for the betterment of the United States. Now starting from January 20, 2021 pseudo “president” Biden has only harmed America.
In addition Biden even had the gall to say in a speech about his Republican opponents as “being against everything” he should first look into the mirror.
Biden must be against low gas prices.
Biden must be against low food prices
Biden is against American being oil independent.
Biden is against the American free enterprise system.
Biden must be against the American worker because of his socialist economic policies
Biden is definitely against a strong firm secure US/Mexican border.
Biden is against funding and supporting the police force
Biden is against supporting our only one good friend in the Middle East the State of Israel.
Biden is against putting the hostile vicious anti. America “mullah regime” of Iran in its place by giving those in power in that Islamic tyranny everything they demand.
Biden is the negative one.
1 year ago
Gee in another time long, long ago Zimbabwe was called Rhodesia and was a prosperous nation run by both Black and Whites. No more. Today South Africa followed suit but first it had to illegally seize farm land from White owners and even to the point of killing them. So where are all those folks that screamed about Apartheid then and now? I guess since their Social Justice blew up in their face they gone back into hiding. Oh my bad. They found employment in the Biden Administration.
1 year ago
Russia and China have been buying Gold for quite awhile.
1 year ago
The enemies within ie the leftist scumbag Dems subscribe to the new world order of one world government for all. The middle class is their enemy because if they can decimate the family unit and the middle class and dumb down the next generation it will be easier for them to attain their goal. Sadly the liars and whores in the media are a branch of the DNC and will never investigate or report on the destructive path we are currently on. There is no question that this demented empty headed vessel in the White House is a pawn for the real enemies Obama and Soros to fundamentally change America to a 3rd world status and bring us to our knees. Have a nice day
1 year ago
Pam, please don’t forward us to a paywall
they won’t take my
$100,000,000,000,000 Bill!
1 year ago
Fitting that the $100 trillion note would picture a pile of rocks.
