231,000,000% Inflation Rate?!
I know that most people probably know about this already but I just read about Zimbabwe’s incredible inflation rate just yesterday. Saw it here. Unbelievable? Believe it.
Can you imagine? A $1 Billion note?! I mean, come on… it’s just so depressing. Never in my wildest imagination have I thought I’d live to see the day that a billion dollar note was printed. What can you expect from Zimbabwe right? A country filled with inner conflicts. Corruption and greed run rampant while their people starve and suffer. Not really too far off from the Philippines. Our government are filled with what we call “sharks”. They surround fresh blood… the people who truly want to help out and eat them alive if they don’t abide by their greedy rules.
I guess that’s what happened with Zimbabwe. Now that exports are down (even here in the Philippines), there’s nothing else to hold their economy up. There’s no shift in thinking, no shift in leadership, no changes made… no surprise that their economy has inflated that much. If we’re not careful here, the exact same thing could happen to us.
Well, my husband’s right when he said that if our economy starts flailing, it’s usually the businessmen/people that cry out for dear murder. Just like what happened during the ousting of former president Estrada. “Off with his head!” they cried, and so it was. When the business people are unhappy, the government listens. When the government is in trouble, the politicians fix it themselves… because that’s their source of income.
It’s just so depressing to see the Zimbabwean economy reach that level of inflation because it means that their own government doesn’t care for them anymore. They’ve totally given up on their country. So sad. 231,000,000% inflation rate… ridiculous!
