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+17 Rank Up Rank Down
Sep 15, 2008
Bradley?
 
 
+14 Rank Up Rank Down
Sep 15, 2008
cglensmith, who is talking about a billion % annual? We are talking about a billion % monthly, LOL

Man, I lived a 100% monthly inflation rate in Brazil back on the 80s, it's crazy!
 
 
Sep 15, 2008
This is funny, but the scary part is that this is happening in Zimbabwe. I've lost count of the inflation rate but at the moment it is in the millions %. Zimbabwe recently removed 10 zeros from their currency and still people are struggling to get enough money together to just buy a bread. Hopefully the power sharing deal between the government and opposition being signed today will bring the relief the people of Zimbabwe need so desperately.
 
 
Sep 15, 2008
I like the joke, the idea of the value of money falling so fast that you can't hand over money fast enough is scary. But the strange thing is that because of the power of compounding one billion % (annual) is the equivalent of only (!) about 6% per day! Still, I'm glad I don't live in Elbonia!
 
 
 
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