The results of unlimited QE
After having tried the same idea Bernanke is trying right now, after having ruined a country, and after facing a situation where nobody on this planet will any longer accept their fiat currency, the Zimbabwean government has to face the same situation as the rest of us – they have to make sure the income matches the outlays. Finally they have a chance to act decently, so congratulations. I suppose they might just as well throw a last party for the last $217 they still haven’t wasted.
I guess Bernanke will not tell you that he is ready to go down the same road and I guess few people have been told about it. 231 million percent new fiat money later, it is too late to wake up.
Zimbabwean Finance Minister Says the Country Has Just $217 In The Bank businessinsider.com
After paying public workers’ salaries last week, the balance in cash-strapped Zimbabwe’s government public account stood at just $217, Finance Minister Tendai Biti said Tuesday. “Last week when we paid civil servants there was…
