One Hundred Billion Dollars Buys 3 Eggs

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“Economic conditions will be so bad that people will say that the mine has come into production too late to do any good. However, that will not be the case since work will commence in numerous areas of the mine at the same time following the second batch of ore.”

John Jordan's List #81

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One Hundred Billion Dollars Buys 3 Eggs

Saturday, 15 November 2008 20:21

Global Crisis? This is the real crisis!

by wildcherry on Sunday, October 26th, 2008

If you think that the current economic crisis is something that has never happened in history before, you may be wrong! After the collapse of the agriculture sector in Zimbabwe in 2000, the inflation in that country skyrocketed to 231 million percent a year! Just think about it - 231 000 000%! Unemployment went up to 80% and a third of country?s population left it.

Zimbabwe?s inflation rate has soared in the past three months and is now at 11.2 million percent, the highest in the world, according to the country?s Central Statistical Office.

?While our case has been aggravated by the illegal sanctions imposed by the Western powers, rising food prices are a world phenomenon because of the use of bio-fuel,? said Samuel Mumbengegwi. ?But we will continue to fight inflation by making sure that prices charged are realistic.?

In February, the price of a loaf of bread in the country was less than 200,000 Zimbabwe dollars. On Monday, that same loaf of bread cost 1.6 trillion Zimbabwe dollars.?

Let`s now have a look at the photos that you may not be able to see anywhere else in the world.