Some people are rich long before they have money
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In May 2008 I wrote an article about how inflation in Zimbabwe hit 100 000 per cent. Since then, almost 2 years have past and this is what has happened in the mean time. In November 2008 inflation in Zimbabwe hit 89.7 sextillion percent – that is 89 700 000 000 000 000 000 000%. [...]
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You’ve probably heard about rising fears about inflations in the US and pretty much all the countries in the world. Current inflation in USA is about 4%. How bad can it get? Meet Zimbabwe This Southern African country currently boasts inflation over 100,000%. What does this mean? With inflation at 4% it takes 18 years [...]
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