As the US economy inches ever closer to a recession, it might provide a little perspective to look at what a real economic crisis looks like. Plagued by hyperinflation of over 50,000% a year, Zimbabwe's central bank recently decided to issue $10 million notes-- believed to be the highest denomination of currency in the world today. The bill, worth less than US$4, is barely enough to purchase a hamburger.
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"This situation reminds me of Germany after World War One, where people got paid a days wages, and they needed a wheelbarrow to carry all that paper money - I wonder how much longer before Zimbabwe descends into total chaos?"
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