1000 x ZIMBABWE 100 TRILLION DOLLAR BANKNOTES BRICK

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  • Item Category: Coins & Currency
  • Source: eBay
  • Sold Date: Feb 11,2011
  • Channel: Online Auction
THANKS FOR LOOKING AT MY AUCTION. UP FOR BIDS IS A BANK SEALED BRICK OF ZIMBABWE 100 TRILLION DOLLAR BANKNOTES. This auction is for 1 brick - total of 1000 notes. !NO SHIPPING TO RUSSIA OR ASIA!

These 100 Trillion Dollar Zimbabwe Notes are fresh and uncirculated. They each come in a clear plastic display envelope. These high denomination bills are a testimony to the effects of hyperinflation and fiat money on the value of a nation's currency.
The currencies of the United States of America and of most other industrialized nations are fiat money , that is paper money not backed by any standard. Governments' uncontrolled printing of this fiat money has historically been the cause of the boom/bust cycles of economic depression all over the world. This was true in the U.S. during the Great Depression. This is true today now more than ever.
Root causes of hyperinflation
The main cause of hyperinflation is a massive and rapid increase in the amount of money , which is not supported by growth in the output of goods and services. This results in an imbalance between the supply and demand for the money (including currency and bank deposits), accompanied by a complete loss of confidence in the money, similar to a bank run . Our government's unchecked 12 Trillion Dollar plus deficit spending is only possible through their ability to print an unlimited amount of money - and in doing so robbing the value out of every paper dollar held by you.

Worst Hyperinflations in World History Highest Monthly Inflation Rates in History [35 ] Country Month with highest inflation rate Highest monthly inflation rate Equivalent daily inflation rate Time required for prices to double Hungary July 1946 4.19 × 10 16 % 207 % 15 hours Zimbabwe November 2008 7.96 × 10 10 % 98 % 24.7 hours Yugoslavia January 1994 3.13 × 10 8 % 64.6% 1.4 days Germany October 1923 29,500 % 20.9 % 3.7 days Greece October 1944 13,800 % 17.9 % 4.3 days China May 1949 2,178 % 11% 6.7 days

The chart above lists the worst cases of inflation in history. The value of these country's currencies devalued so fast that the price of every day goods like bread and milk and gasoline doubled from every 15 hours to 6.7 days. That means that $10 from your paycheck in cash paper money would only buy you $5 worth of goods when you spent it.
Gold and Silver Coins and Jewelry have historically kept their value. Whenever paper money lost its value, citizens who owned gold and silver jewelry could pay for food for their families or medical care or passage to a new land. Turning some of your savings into quickly convertible gold or silver coin and jewlery is a way to save against these kinds of economic emergencies. Gold and Silver Jewelry and Coins from Save With Jewelry/Coins will hold their value in times to come.

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