# LOL @ Zimbabwe
**URL:** https://forums.speedlife.net/t/lol-zimbabwe/52395
**Category:** NYSpeed Off Topic
**Created:** [July 30, 2008, 7:49am UTC](https://forums.speedlife.net/t/lol-zimbabwe/52395 "2008-07-30T07:49:16Z")
**Posts on this page:** 12
**Page:** 2
### Author:  [@justa4door](https://forums.speedlife.net/u/justa4door)
#### Post date: [July 30, 2008, 8:37am UTC](https://forums.speedlife.net/t/lol-zimbabwe/52395/21 "2008-07-30T08:37:49Z")
its not really a change…the way i look at it …
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### Author:  [@Nikuk](https://forums.speedlife.net/u/Nikuk)
#### Post date: [July 30, 2008, 8:38am UTC](https://forums.speedlife.net/t/lol-zimbabwe/52395/22 "2008-07-30T08:38:13Z")
> [@bing](#):
>
> oh man, this is a can of worms.
>
> These countries do not do this to themselves.
>
> It is impossible to willfully and independently do this to oneself.
:word:
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### Author:  [@Avatar](https://forums.speedlife.net/u/Avatar)
#### Post date: [July 30, 2008, 8:51am UTC](https://forums.speedlife.net/t/lol-zimbabwe/52395/23 "2008-07-30T08:51:15Z")
> [@bing](#):
>
> oh man, this is a can of worms.
>
> These countries do not do this to themselves.
>
> It is impossible to willfully and independently do this to oneself.
This is true. Not enough is being done by the world community either. But, to that point what can be done when the despotic rulers of these countries wont allow any progress to be made?
> [@bing](#):
>
> oh man, this is a can of worms.
…nevermind
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### Author:  [@Bacon](https://forums.speedlife.net/u/Bacon)
#### Post date: [July 30, 2008, 8:58am UTC](https://forums.speedlife.net/t/lol-zimbabwe/52395/24 "2008-07-30T08:58:58Z")
> [@RobHimself](#):
>
> I would pay for everything in zimbabwe pennies.
One can only wonder how much they cost to produce.
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### Author:  [@ineedacar](https://forums.speedlife.net/u/ineedacar)
#### Post date: [July 30, 2008, 10:37am UTC](https://forums.speedlife.net/t/lol-zimbabwe/52395/25 "2008-07-30T10:37:30Z")
> [@ILCisDEAD](#):
>
> Its like what they did with the pesos. Issue new currency that 1 dollar represents 10,000,000,000
So technically the money didn’t lose any value, they’re just “consolidating” the amount of pieces of currency in circulation, so to speak?
Not seeing a big deal with that :gotme:
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### Author:  [@Fry](https://forums.speedlife.net/u/Fry)
#### Post date: [July 30, 2008, 10:41am UTC](https://forums.speedlife.net/t/lol-zimbabwe/52395/26 "2008-07-30T10:41:06Z")
> [@ineedacar](#):
>
> So technically the money didn’t lose any value, they’re just “consolidating” the amount of pieces of currency in circulation, so to speak?
>
> Not seeing a big deal with that :gotme:
Other than any wealth whatsoever that you’ve managed to accumulate in your lifetime is gone.
Oh well, Mugabe is certainly going to seize the opportunity. “Now if anybody tries to not get fucked by this, I’m going to declare a military state.” Right. InB4militarystate
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### Author:  [@Bigairskier1580](https://forums.speedlife.net/u/Bigairskier1580)
#### Post date: [July 30, 2008, 10:50am UTC](https://forums.speedlife.net/t/lol-zimbabwe/52395/27 "2008-07-30T10:50:40Z")
> [@Fry](#):
>
> Other than any wealth whatsoever that you’ve managed to accumulate in your lifetime is gone.
Is it actually though? Or does it just become the smaller, less inflated currency amount? I didn’t get the jist that they were seizing the money.
The way I am seeing it is that as of today, you have $100,000,000,000. $100,000,000 buys a loaf of bread. Tomorrow instead, you will have $100, and $1 buys you a loaf of bread. You are still able to buy the same 10 loafs of bread for your money.
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### Author:  [@Joe](https://forums.speedlife.net/u/Joe)
#### Post date: [July 30, 2008, 10:51am UTC](https://forums.speedlife.net/t/lol-zimbabwe/52395/28 "2008-07-30T10:51:36Z")
its not the consolidation thats the issue. its the superduperhyperinflation that made the currency worthless and caused it.
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### Author:  [@Avatar](https://forums.speedlife.net/u/Avatar)
#### Post date: [July 30, 2008, 10:59am UTC](https://forums.speedlife.net/t/lol-zimbabwe/52395/29 "2008-07-30T10:59:58Z")
Like what happened to the Soviet bloc in the early 90’s
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### Author:  [@ineedacar](https://forums.speedlife.net/u/ineedacar)
#### Post date: [July 30, 2008, 11:04am UTC](https://forums.speedlife.net/t/lol-zimbabwe/52395/30 "2008-07-30T11:04:47Z")
> [@Bigairskier1580](#):
>
> Is it actually though? Or does it just become the smaller, less inflated currency amount? I didn’t get the jist that they were seizing the money.
>
> The way I am seeing it is that as of today, you have $100,000,000,000. $100,000,000 buys a loaf of bread. Tomorrow instead, you will have $100, and $1 buys you a loaf of bread. You are still able to buy the same 10 loafs of bread for your money.
exactly my thought. Apparently we’re both missing something lol
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### Author:  [@Cavi\_Mike](https://forums.speedlife.net/u/Cavi_Mike)
#### Post date: [July 30, 2008, 11:15am UTC](https://forums.speedlife.net/t/lol-zimbabwe/52395/31 "2008-07-30T11:15:06Z")
Japan should do this too, everything there costs 100x what the rest of the (non-zimbabwe)-world pays but their money is worth 100x less.
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### Author:  [@Fry](https://forums.speedlife.net/u/Fry)
#### Post date: [July 30, 2008, 11:17am UTC](https://forums.speedlife.net/t/lol-zimbabwe/52395/32 "2008-07-30T11:17:08Z")
> [@Avatar](#):
>
> Like what happened to the Soviet bloc in the early 90’s
IIRC it was actually 1998 when the ruble collapsed.
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