# Jeg understands macroeconomics better than Zimbabwe? **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [January 10, 2009, 8:01am UTC](https://forums.speedlife.net/t/jeg-understands-macroeconomics-better-than-zimbabwe/61055 "2009-01-10T08:01:29Z")\ **Posts on this page:** 14\ **Page:** 1
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [January 10, 2009, 8:01am UTC](https://forums.speedlife.net/t/jeg-understands-macroeconomics-better-than-zimbabwe/61055/1 "2009-01-10T08:01:29Z")
> **HARARE, Zimbabwe (CNN)** – Zimbabwe’s central bank will introduce a $50 billion note – enough to buy just two loaves of bread – as a way of fighting cash shortages amid spiraling inflation. > Zimbabwe is grappling with hyperinflation now officially estimated at 231 million percent and its currency is fast losing its value. As of Friday, one U.S. dollar was trading at around ZW$25 billion. > When the government issued a $10 billion note just three weeks ago, it bought 20 loaves of bread. That note now can purchase less than half of one loaf. Note to self: Zimbabwe is fucked. > **[Zimbabwe introduces $50 billion note - CNN.com](https://www.cnn.com/2009/WORLD/africa/01/10/zimbawe.currency/index.html?eref=rss_world)** > > Zimbabwe's central bank will introduce a $50 billion note -- enough to buy just two loaves of bread -- as a way of fighting cash shortages amid spiraling inflation. ---
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [January 10, 2009, 8:13am UTC](https://forums.speedlife.net/t/jeg-understands-macroeconomics-better-than-zimbabwe/61055/2 "2009-01-10T08:13:23Z")
> [@Fry"](#): > > As of Friday, one U.S. dollar was trading at around ZW$25 billion. And all this time we were making fun of this guy: ![http://img.photobucket.com/albums/v492/NjccBflo/Pics%20OT/3310.jpg](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/3X/7/0/70654557ac1220444d709e5fae45c2bc4a4f0aa4.jpeg) **ZW$425,000,000,000, BALLIN** ---
**Author:** ![justa4door](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/justa4door/32/7259_2.png) [@justa4door](https://forums.speedlife.net/u/justa4door)\ **Post date:** [January 10, 2009, 8:29am UTC](https://forums.speedlife.net/t/jeg-understands-macroeconomics-better-than-zimbabwe/61055/3 "2009-01-10T08:29:13Z")
lol… does anyone know like what a gal or milk run in Zimbabwe? ---
**Author:** ![StrokedZ28](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/strokedz28/32/7592_2.png) [@StrokedZ28](https://forums.speedlife.net/u/StrokedZ28)\ **Post date:** [January 10, 2009, 8:54am UTC](https://forums.speedlife.net/t/jeg-understands-macroeconomics-better-than-zimbabwe/61055/4 "2009-01-10T08:54:06Z")
When I teach of hyper inflation during the 20’s in Germany I bring in a 1924 German Mark printed only on one side to save money on ink, its a 50,000,000 note, good enough just to buy food for the day. ---
**Author:** ![camarojoe](https://avatars.discourse-cdn.com/v4/letter/c/c67d28/32.png) [@camarojoe](https://forums.speedlife.net/u/camarojoe)\ **Post date:** [January 10, 2009, 9:00am UTC](https://forums.speedlife.net/t/jeg-understands-macroeconomics-better-than-zimbabwe/61055/5 "2009-01-10T09:00:01Z")
Do they want a bailout too? ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [January 10, 2009, 9:02am UTC](https://forums.speedlife.net/t/jeg-understands-macroeconomics-better-than-zimbabwe/61055/6 "2009-01-10T09:02:06Z")
:lol: A 700 billion bailout there would be $14 bucks. ---
**Author:** ![Geehee](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/geehee/32/7238_2.png) [@Geehee](https://forums.speedlife.net/u/Geehee)\ **Post date:** [January 10, 2009, 9:30am UTC](https://forums.speedlife.net/t/jeg-understands-macroeconomics-better-than-zimbabwe/61055/7 "2009-01-10T09:30:15Z")
dude we could go make it raaaaiiiiiiiinnnnnnnnnn ---
**Author:** ![fbrendan](https://avatars.discourse-cdn.com/v4/letter/f/d26b3c/32.png) [@fbrendan](https://forums.speedlife.net/u/fbrendan)\ **Post date:** [January 10, 2009, 9:46am UTC](https://forums.speedlife.net/t/jeg-understands-macroeconomics-better-than-zimbabwe/61055/8 "2009-01-10T09:46:54Z")
> [@Nikuk](#): > > And all this time we were making fun of this guy: > > :pic: > > **ZW$425,000,000,000, BALLIN** ![http://img.photobucket.com/albums/v472/brendansi/laugh.gif](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/3X/4/e/4e1b639de45e21a3a0bc185789d5fae3f45d2987.gif) ---
**Author:** ![A.J](https://avatars.discourse-cdn.com/v4/letter/a/858c86/32.png) [@A.J](https://forums.speedlife.net/u/A.J)\ **Post date:** [January 10, 2009, 9:49am UTC](https://forums.speedlife.net/t/jeg-understands-macroeconomics-better-than-zimbabwe/61055/9 "2009-01-10T09:49:18Z")
I have not looked into this countries example but I am curious to see if it was just like Jamaica with the IMF and World bank forcing devaluation of the currency and now it has spiraled out of control like Jamaica did ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [January 10, 2009, 10:39am UTC](https://forums.speedlife.net/t/jeg-understands-macroeconomics-better-than-zimbabwe/61055/10 "2009-01-10T10:39:33Z")
Hyperinflation is usually the first step toward a coup. Makes sense, I mean, if suddenly everyone’s life savings was worthless you’d have a lot of pissed off people out there… But still, I’d say it’s only a tie with JEG 😛 ---
**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\ **Post date:** [January 10, 2009, 10:41am UTC](https://forums.speedlife.net/t/jeg-understands-macroeconomics-better-than-zimbabwe/61055/11 "2009-01-10T10:41:35Z")
in before jeg recommends we solve the US economic problems by converting money to ZW$ so we have more. ---
**Author:** ![Treads4Heads](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/treads4heads/32/7416_2.png) [@Treads4Heads](https://forums.speedlife.net/u/Treads4Heads)\ **Post date:** [January 10, 2009, 10:43am UTC](https://forums.speedlife.net/t/jeg-understands-macroeconomics-better-than-zimbabwe/61055/12 "2009-01-10T10:43:41Z")
ya’ll seem to understand this pretty well. What exactly Is hyperinflation and what causes it? I can’t understand how an economy can just start inflating ten fold over night ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [January 10, 2009, 10:48am UTC](https://forums.speedlife.net/t/jeg-understands-macroeconomics-better-than-zimbabwe/61055/13 "2009-01-10T10:48:07Z")
The whole country loses confidence in the currency and begins looking to barter/use foreign currencies instead. It’s like the stock market, the more people want to get rid of something, the more the value goes down, and then more people want to get rid of their holdings. ---
**Author:** ![JEG](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jeg/32/7246_2.png) [@JEG](https://forums.speedlife.net/u/JEG)\ **Post date:** [January 10, 2009, 10:48am UTC](https://forums.speedlife.net/t/jeg-understands-macroeconomics-better-than-zimbabwe/61055/14 "2009-01-10T10:48:21Z")
> [@theblue](#): > > in before jeg recommends we solve the US economic problems by converting money to ZW$ so we have more. rofl! naw. I’d rather just go there with like $200 and be the richest man in the country muahahahahahaha. j/k j/k