miércoles, 17 de junio de 2009

ZIMBABWE: SETTING THE EXAMPLE FOR THE CHAVEZ ECONOMY.

Venezuela already eliminated three zeros from the currency.
Otherwise it would already have Bs. 1000000 bank notes.

Robert Gabriel Mugabe, the butcher of Zimbabwe, was guest of honor of Hugo Chavez two years ago and recommended him to adopt his economic policies. Chavez has followed his advice in some aspects (barter economy, state control, blaming the U.S. for everything, including the epidemics of diahrrea). Where Zimbabwe goes Chavez's Venezuela cannot be far behind. Get ready for this!:


Zimbabwe will introduce a 100-trillion dollar note, in its latest attempt to keep pace with hyperinflation that has left the once-vibrant economy in tatters, state media said Friday. The new 100 000 000 000 000 Zimbabwe-dollar note would have been worth about $300 at Thursday's exchange rate on the informal market, where most currency trading now takes place, but the value of the local currency erodes dramatically every day.The Reserve Bank of Zimbabwe is introducing three other notes in trillion-dollar denominations of 10, 20 and 50, the government mouthpiece Herald newspaper said.The move is designed to allow workers to withdraw their entire salaries at once, the paper said.

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