Zimbabwe phases out local currency at 35 quadrillion to US$1

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Fiat money is doomed to fail but I have to admit, the US dollar has had a very long run using force (military and oil control).

Nonetheless, the dollar will fail the in much the same way as this, seemingly funny (actually very sad), story with the Zimbabwean currency.

It will fail and it will be ugly to watch.

http://rt.com/business/267244-zimbabwe-currency-compensation-hyperinflation/

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Adnan Mujkanovic

I am a very curious character and most of all I am into Web development, Economics, Psychology, Philosophy and Logic.

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