Saturday, January 10, 2009

How to become a billionaire--move to Zimbabwe

Want to become a billionaire? It is simple. Move to Zimbabwe. Here is a news story about Zimbabwe, which just issued a $50 billion dollar note to deal with hyper-inflation.

Before you get dreams of being rich, note that a $50 billion dollar note in Zimbabwe is just enough to buy two loaves of bread.

Will we be paying for these stimulus packages down the road with hyper-inflation? I wonder.

What do you think the chances are that we will have significant or hyper inflation in the next few years?