Poverty Extremes
Question: If you had a windfall of 100-billion dollars, what would you do with it?Zimbabwe has been experiencing a very incredulous turbulence in its recent history. The world media has been hyped in almost all of its affairs, not mentioning its political environment. Getting the lion's share of course is the country's Hyperinflation, which a few month's ago reached a staggering 2,000,000%. The Philippines had 11.4%, and we've been in hell ever since, so just imagine the scenario.
Wages are normally paid in cash. And the lady's plentiful. Wow, mayaman!
So, if you had a 100-billion cold-hard-cash, in Zimbabwe, what could you buy?
Simple. Just plain simple.
Cost of an egg in Zimbabwe: $35 billion. Haggling would put you 3 eggs for a hundred billion. What a discount.
Trivia: As bad as things are, however, Zimbabwe's economic crisis is still a miles away from taking a place alongside history's worst cases of hyperinflation. That crown still belongs to post-WWII Hungary, where at its peak the rate of inflation was 4.19 quintillion percent. At that point, you might as well start paying for things with hugs.
So, if you think you are poor, think again.
Labels: Current Issues, hyperinflation, zimbabwe