Tuesday, May 30, 2006

no money to print money...

For those who haven't been following the news from Zimbabwe, that country is in the pits as the Marxist president's shenanigans in confiscating farms and businesses has made them go bankrupt...

So to pay their bills, first they "borrowed" money from private accounts in their banks, and they also just printed more money...with predictable results.

Right now inflation is 1000 %... and if that isn't bad enough, the government can't get enough money to buy paper and ink to print more money...

No comments: