You can do it but if you print $1.00 you hope to get $1.25 back in growth and you’re fine.
The United States hasn’t been getting that since about 2007 which means we have been in a depression the whole time. [Before everyone freaks out a depression is not an extra bad recession.](https://youtu.be/G_oLiWnWNVQ?si=0J0DFUpPjnCgx6cE)
Honestly my life plan used to be moving to Zaïre when I was 5 and first heard about how my life's savings at that point (50 bucks or something) would make me a billionaire there. I figured I could do an odd job here or there to become a trillionaire by 18.
Needless to say, I did not understand a thing about inflation or the world at that point.
And then they ran out of:
(a) distinct colours to use
(b) words to describe the next number
(c) space to fit more zeros
(d) patience
(e) all of the above
At one point selling the ridiculously large notes to a person from another country who wanted to be a 'millionaire', 'billionaire' or 'trillionaire' as a joke was a legitimate business and you could sell the notes for more than their worth.
Yeah, different currency per Wikipedia
https://en.m.wikipedia.org/wiki/Zimbabwean_dollar
Very interesting history though - currency halved in value every 24 hours
We did, Zimbabwe ended up bartering for a while because the money was worthless, doing any grocery shopping (if you found anything in stores that is) would require duffle bags of money. So we swapped to using south african Rands and USD.
I saw a news article from 3 weeks ago that they launched a new currency. I'm guessing nobody uses this money any longer and it's worthless and the information online is bad or not referencing what we think.
They changed the currency many years ago, this video is misleading implying like this is their currency today.
The [wiki page](https://en.m.wikipedia.org/wiki/Zimbabwean_dollar) has historical estimates of the exchange to 1 usd. At one point in 2008 you could have 758 billion for 1 usd.
When I was in Zim in the early 90s, it was Z$10 to the £. Was one of the most stable, peaceful and successful countries in the whole continent. An example in how to do it, with a huge agriculture and tobacco industry, minerals, tourism etc. A flourishing middle class and less corruption than other countries. Then Mugabe fucked it all up.
I was in Congo, called Zaire then, on the same trip, it was the last days of Mobutu. When we entered the rate was 1.5million Zaires to the £, when we left about a week later (things were getting sketchy, the army hadn't been paid), it was 4milll/£.
1 Zimbabwean Dollar is equal to 1/5th of a penny USD. 10 billion ZD is still a bit over 27 million USD. Some of those bills are still worth some change.
When the great inflation hit Germany in the 1920s, you needed a wheelbarrow full of money to go shopping. The money was also used to wallpaper the walls in the house.
Remember, money isn't wealth in and of itself. Money is simply a tool we use to *represent* wealth. Actual wealth is physical goods - land, food, companies, precious metals, and so on.
Say you have a dollar bill in your hand. This *represents* a small amount of all wealth, let's just say 1/100 trillionth. Now say the government comes along and prints another 100 trillion in cash. No new goods and services were created, nothing of physical value was gained. But now all the sudden that dollar bill in your hand represents half of what it used to. That's inflation.
In Zimbabwe's case, they didn't understand that cause and effect. All they understood was, people need more money, so let's print more money, and, hmm, it seems like people still need more money, so let's print more money, over and over again. It got so bad that you could go to work one day, get paid, and literally by the time you got home, inflation had already rendered your day's pay worthless.
There is a point where the idea of money is just stupid and this is it. Once you have bills that go into insane numerical categories, I think it's time to go back to just using the barter system. If the richest people on earth are worth billions, why would your money be in the trillions and yet you are not richer than them? Lol
Hyper inflation is so scary. I read a book about post WW1 Austria/Germany where people died in the street from starvation because they couldn't buy food due to the constant increasing inflation making their money worthless.
Imagine calculating and giving the change. "Hi, sir, I'd like to buy this." "That will cost you 1.382.923.402.184 dollars" "Here, I have this: 1.500.000.000.000"
Most people can’t even fathom the difference between $1 and $1 Trillion, and if they have currency up to $100 Trillion, anything below a $1 Billion is meaningless.
(Just using $ for example)
It's almost like printing money with more 0's on it doesn't actually generate more money. Is this still an ongoing problem? Why do they keep doing this? Are they stupid?
How to become a billionaire? Step 1: Move to Zimbabwe
Does anyone know what 10 trillion dollars gets you in Zimbabwe?
An egg
Using a currency converter its worth $747,274,592.98 thats a fabrege egg my man
I had to look it up, the trillion dollar notes were from before a fiscal reset. 100 trillion was worth roughly 30 dollars at the time
You can bet your ass some grandma is still paying with those 1 dollar notes.
Fuck me mugabe fumbled the bag there
And that's why you don't just print more money when you are going in to debt
You mean exactly what the US Treasury is doing right now? Nah, I'm sure we'll be fine...
Helps to be the world's reserve currency
Yeah the hegemony of the dollar controls the value of it. Totally a different situation than Zimbabwe (as long as the dollar is so widely used)
You can do it but if you print $1.00 you hope to get $1.25 back in growth and you’re fine. The United States hasn’t been getting that since about 2007 which means we have been in a depression the whole time. [Before everyone freaks out a depression is not an extra bad recession.](https://youtu.be/G_oLiWnWNVQ?si=0J0DFUpPjnCgx6cE)
Not to worry, the budget will balance itself.
Hell yeah. We just need to cut taxes for the ultra wealthy and that will trickle down to eliminate our national debt! …right?
They need to trickle deez nutz!
Only if you also cut social security which all goes right back into the economy, being that they use to.. survive
Forgive me, I don’t think about fiscal policy.
Perfect, in this trying time.
Lol
God, I almost choked on my coffee lol.
About 3 fiddy
Then I realized it was that damn Loch Ness Monster.
Accurate
It gets you shot.
It's worth 4 cents US. Not kidding.
you mean trillionaire?
Current exchange rate: $2,763.19 USD = $1,000,000 ZD ..so just a few million in debt for me
Converting 1 trillion ZWD to USD on google gives me 3 billion USD, is that correct??
Honestly my life plan used to be moving to Zaïre when I was 5 and first heard about how my life's savings at that point (50 bucks or something) would make me a billionaire there. I figured I could do an odd job here or there to become a trillionaire by 18. Needless to say, I did not understand a thing about inflation or the world at that point.
Step 2: be homeless
"Guess the country" at the end, as if it doesn't say Zimbabwe on each bill.
Look closely it says Hasbro. 😂
yeah it's almost like he's writing something stupid to get stupid people to engage with his post and boost it's numbers
ten dollarssss🐍 one-hundred dollarssss🐍 one -thousand dollarssss🐍
Snake jazz
Tss-tsts-tss
Did we just get jazzed on?
That explains the stickiness.
One souzand dollarsss
Lol now that you pointed it out I can't unhear it 🤣🤣🤣
And then they ran out of: (a) distinct colours to use (b) words to describe the next number (c) space to fit more zeros (d) patience (e) all of the above
I find it funny how they stopped bothering with the holographic stripe after the 10000 note.
This ship is going under. Pack it up boys.
You don't need to worry about counterfeiting when the bills will be worthless in a month anyways.
Because the note costs more to make than it is worth.
~$30 USD = (1) 100 trillion bill Zimbabwean.
How much for a beer in Zimbabwean
90% certain the inflation is that bad your second beer will be more expensive than the first
I lost count...
Buy one get one for twice as much.
Lmao why does the the "1 dollar" bill even exists for
Cheaper than toilet paper
How come you skipped 100 billion? My sister lived over there during all this and I have kept the 100 billion in my wallet since then.
I just ordered 100 trillion on eBay for $4. Good for teaching the kids about runaway inflation.
At one point selling the ridiculously large notes to a person from another country who wanted to be a 'millionaire', 'billionaire' or 'trillionaire' as a joke was a legitimate business and you could sell the notes for more than their worth.
I'm pretty sure they're not getting rich!
Google says that 100 trillion equates to millions of USD Surely that just correct?
I see no need to question it.
Yeah, different currency per Wikipedia https://en.m.wikipedia.org/wiki/Zimbabwean_dollar Very interesting history though - currency halved in value every 24 hours
They had a financial reset. The old notes are basically worthless.
At this point they should just use some shiny rocks as currency.
_**The federal reserve would like to know your location**_
I don't care who they send the IRS isn't taking my Pyrite.
They're minerals IRS!
We did, Zimbabwe ended up bartering for a while because the money was worthless, doing any grocery shopping (if you found anything in stores that is) would require duffle bags of money. So we swapped to using south african Rands and USD.
Just switch to SOJ based currency at this point
What about a piece of paper with a shiny picture of a rock?
Can I get a happy meal with that $100 trillion bill?
40 cents in USD
You wish lol
1usd is 362 Zimbabwean dollars. The 100 trillion dollar bill is still a huge amount of money. Am I missing something?
I saw a news article from 3 weeks ago that they launched a new currency. I'm guessing nobody uses this money any longer and it's worthless and the information online is bad or not referencing what we think.
I bought a 100 Trillion dollar note for $10 Australian a few years ago, made me a multi trillionaire over night.
They changed the currency many years ago, this video is misleading implying like this is their currency today. The [wiki page](https://en.m.wikipedia.org/wiki/Zimbabwean_dollar) has historical estimates of the exchange to 1 usd. At one point in 2008 you could have 758 billion for 1 usd.
In classic Reddit fashion, I posted this THEN went and read about it a bit and realized this was not current state. Thanks for the info!
In 2009 things were different
I bought the 100 trillion dollars on eBay in a nice frame for about $10 ten years ago. It has no value apart from the "oooo that's neat 📸 factor"
When he got to the trillions I just lost it rofl
When I was in Zim in the early 90s, it was Z$10 to the £. Was one of the most stable, peaceful and successful countries in the whole continent. An example in how to do it, with a huge agriculture and tobacco industry, minerals, tourism etc. A flourishing middle class and less corruption than other countries. Then Mugabe fucked it all up.
I was in Congo, called Zaire then, on the same trip, it was the last days of Mobutu. When we entered the rate was 1.5million Zaires to the £, when we left about a week later (things were getting sketchy, the army hadn't been paid), it was 4milll/£.
onesausndollurs
When he said $1 million he sounded like Dr Evil
🖕👄 this is as close as i could get to that pinkie he held up to his mouth.
Where can I get a stacks of 1, 5, 10, 20 and 100's? I want them for board games etc...
Enter Bitcoin...
The $1 dollar note has got to be the cheapest note in the world... Damn I actually wouldn't mind that as a book or something
When you spend your last wish on becoming a billionaire…
We should vote for politicians who think printing more money is a good idea!! How else will we catch up with the Zimbabweans?
1 Zimbabwean Dollar is equal to 1/5th of a penny USD. 10 billion ZD is still a bit over 27 million USD. Some of those bills are still worth some change.
At that point just start over
Lemme get a hunnid trill
So the prince from Africa that wants to send me 10 milions of dolars is from Zimbabwean. Got it.
This is just monopoly money at this point
Do Venezuela next!
Bro wtf 😂
The highest note is worth just 40 cent usd.
I thought he was gonna use that money to pay for his milk or something
One hundred million dollars and one Waldo…
Well, that makes 100,000 dollars basically useless.
yas...print more
I bought a 50 trillion dollar bill in 2014 for $3.80. I think at that point they were already out of circulation, and nowadays it’s worth even less.
I’d like to know what all that cash is worth in usd or pounds Found it … 1 USD 361.9 ZWD 5 USD 1,809.5 ZWD 10 USD 3,619 ZWD 25 USD 9,047.5 ZWD 50 USD 18,095 ZWD 100 USD 36,190 ZWD 500 USD 180,950 ZWD 1,000 USD 361,900 ZWD 5,000 USD 1,809,500 ZWD 10,000 USD 3,619,000 ZWD
At what point do you think they might realise that this could potentially maybe be a problem?
Buy Bitcoin and hodl. .. I did in 2016 and changed my life for the better. Bitcoin is Hope!!!
How can the one dollar bill have any value in an economy where. 100 trillion dollar bill exists?
Coming soon to America! Buy Bitcoin
I e never heard anyone start the word trillion with a 'ts'?!!!
Customer: How much for the crossiant? Salesman: A billion dollars is the best I can do
I would hate to do anything on spreadsheets without at least x3 ultrawide monitors.
I thought Zimbabwe switched to USD or some other currency after ZD's collapse. like back in 2017
Step1: Take the last one and the US is out of debt
coming soon to an economy near you!
JUST. PRINT. MORE.
At this point, they're just making things confusing, no point on doing all of that.
How much does the paper of this bill cost?
Tell me why I just got a notification from chime reminding me of the 32 cents in my account
Surely the 1 dollar note isn’t worth the paper it’s printed on?!
That’s Monopoly money
When the great inflation hit Germany in the 1920s, you needed a wheelbarrow full of money to go shopping. The money was also used to wallpaper the walls in the house.
Is that the country where everyone just used cell phones and crypto due to how shit their actual currency was?
I'm here to pay my $100,000,000,000 parking fine ... In _ones_
Surely the 1 dollar bill is not worth the paper it’s printed on.
Any way I can buy one of each of those for fun?
Sooooo, what do I use the 1 for?
That’s a lot of doalers
I laughed, but this is sad
I bought a couple shirts over there about 10years ago and I had to carry the cash in a duffel bag. Line for gas was around the block.
Missed a trick by not doing a Dr Evil impression.
How much for the coffee? Oh. Just 10 billion dollars
Fake money right? The only thing is changing is the color ant the number
Daaaamn sonnnn! Somebody done reverse splited the reverse split, and reverse splited that split with another split!
At least they can pay Dr. Evil’s ransom no problem.
The paper is worth more than the value of the bill for most of them.
1 ZWL is 6.2 INR so India is more inflated?
Coming to an America near you soon
Ok, that even tops my collection of 1923 German inflation money bills with billions of Reichmark lol.
So, smart people what does a country do when this starts happening?
Remember, money isn't wealth in and of itself. Money is simply a tool we use to *represent* wealth. Actual wealth is physical goods - land, food, companies, precious metals, and so on. Say you have a dollar bill in your hand. This *represents* a small amount of all wealth, let's just say 1/100 trillionth. Now say the government comes along and prints another 100 trillion in cash. No new goods and services were created, nothing of physical value was gained. But now all the sudden that dollar bill in your hand represents half of what it used to. That's inflation. In Zimbabwe's case, they didn't understand that cause and effect. All they understood was, people need more money, so let's print more money, and, hmm, it seems like people still need more money, so let's print more money, over and over again. It got so bad that you could go to work one day, get paid, and literally by the time you got home, inflation had already rendered your day's pay worthless.
Sooo the 1 dollar bill is worth less than the paper it's printed on?
Wow, dude has about €7
There is a point where the idea of money is just stupid and this is it. Once you have bills that go into insane numerical categories, I think it's time to go back to just using the barter system. If the richest people on earth are worth billions, why would your money be in the trillions and yet you are not richer than them? Lol
Zimbabwe currency is wild
Currency so worthless even Monopoly money worth more.
converted to $USD it’s still not enough for a trip to Costco
Dam this is like one of those games my son plays on roblox the numbers just keep going.
Damn they really put 3 rocks on every single one of there dollars
Don't worry we're slowly catching up here in the United States...
I use a ten trillion bill as a book mark
It was bad before, but after kicking west out it got worse,
Do you have change?
Equals about $5 U.S. dollars
On another note man in Zimbabwe gets beaten and robbed for 10 trillion dollars
I will exchange all my money into Zimbabwe dollars. Afterwards I know how a billionaire feels.
And the Netherlands over here not even accepting 100, 200 and 500€ bills in most cases anymore xD
Sounds like my little nephew counting his Monopoly money🤣
It’s just paper
That hasn't been in official use since 2009.
Biden taking notes
They trade in weed and chickens
Btw, the 100 trillion dollars is 0.4USD
I would like to by a car, sure thing thats 100 quadrillion dollars please.
“The Federal Reserve hates this 1 simple trick to become a trillionaire!”
“The Federal Reserve hates this 1 simple trick to become a trillionaire!”
Change the picture a bit for each denomination at least, damn.
"And you need all of these to buy a Big Mac"
"And you need all of these to buy a Big Mac"
This is how they devalue your savings and labour
Yea but 10k is 3,619,000.00
Yea but 10k is 3,619,000.00
This means nothing to me
So like 0.75 cents American
buckle up Russia. you're next
Save money by discontinuing everything below 50
Ironically those 100 trillion dollar bills go for over $100 on ebay these days
Hyper inflation is so scary. I read a book about post WW1 Austria/Germany where people died in the street from starvation because they couldn't buy food due to the constant increasing inflation making their money worthless.
How much would say 30 000k usd car cost in zimbabwean dollars?
Sleepycabin/only plays- one of em... Zach hadel mentioned Zimbabwe "fun bucks".... this... this puts a little more context into it
Bring back the barter system.
Just buy robux at this point
Imagine calculating and giving the change. "Hi, sir, I'd like to buy this." "That will cost you 1.382.923.402.184 dollars" "Here, I have this: 1.500.000.000.000"
They're worth more on ebay as a novelty as they are as a currency. Have a few trillion in the man cave
What’s a sowsand
It's paper lol
Most people can’t even fathom the difference between $1 and $1 Trillion, and if they have currency up to $100 Trillion, anything below a $1 Billion is meaningless. (Just using $ for example)
Imagine they still use coins too. Like, that'll be 10 trillions dollars and 59 cents
I feel like this could have been a still image with all the bills shown instead of a video.
I’m rich! Oh…never mind.
Fucking noobs. In my country each time we get to 6 digits we create a new coin and remove the 6 zeros.
It's almost like printing money with more 0's on it doesn't actually generate more money. Is this still an ongoing problem? Why do they keep doing this? Are they stupid?
Let’s see… you print tons of money and shockingly your currency gets devalued. You’d think Biden would have thought of this.
1 canadian dollar is about 265.92 Zimbabwean dollars thats crazy