Zimbabwe or Bust!! By Guest Blogger (Donna)
Written by guest blogger Donna
It doesn’t take a Ph.D. in Economics to understand that printing trillions of dollars will devalue our currency. While we were blinded by the AIG smokescreen, Ben Bernanke decided to crank up the presses again while no one was watching. Americans have experienced a devaluation of their homes and investments, and the Federal Reserve seems hell-bent on making what little we have managed to salvage in currency valueless.
It is said that those who do not learn from history are doomed to repeat it. In July, it was estimated that Zimbabwe’s inflation reached 231,000,000%. This is not a typo; that is 231 million percent! Your calculator will not work on these percentages; you will need your computer to translate this type of inflation to the American dollar. The Zimbabwe dollar has lost all credibility as a trading currency, and if the Fed insists on keeping the presses running, we will be in the same situation. (Did I mention that the unemployment rate in Zimbabwe is 80%?)
Although I do not condone vulgarity to make a point, I have been known to make exceptions. I invite you to view a fellow American’s opinion of the Federal Reserve entitled F**k the Fed on YouTube –.
Start growing your own produce, fatten up your pets, and prepare your “Will Work for Food” signs. This is going to get ugly.
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