Look at this pleasant little house in Zimbabwe...
Ent hall, lounge, dining room, 4 bed, 2 bath & guest loo. Kitchen is ordinary. DSQ, DLUG & storeroom. Seasonal garden with Chiptile pool. Property is walled on 3 sides with fence on one side and manual gates.
It lists at $220,000 (USD)...
But what if you were to attempt to purchase this humble abode in the native currency?
With the conversion rate of $500,000,000,000 ZBD to $1 USD, the house would cost a mere $11,000,000,000,000,000... or... $11 quadrillion Zimbabwean dollars...
WTF?
Well kids, its called inflation and its what happens when you monetize debt.
By the way, in case you were wondering... we Americans are about to monetize our debt.
Big time.
Will the US dollar take the extreme southbound route of Zimbabwean dollar?
Doubtful...
But isn't it fun to ponder on how much of our collective buying power will vanish into thin air...
GO ON... LEAVE YOUR "THOUGHTS" IN THE COMMENTS SECTION...
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