Who wants to be a Trillionaire?
By The WealthCycles Staff
In Zimbabwe in 2009, you could have a 100 trillion dollar bill in your pocket and still not be able to afford lunch. In fact, if you had such a bill, there was a good chance you had lost both your wealth and your savings in one of the biggest hyperinflations in human history.
It took bricks of currency to pay for lunch.
The fact that this all took place so recently should be a lesson that the continuous printing of money remains a bad idea. In this short account, we’ll explore what caused such a catastrophic event, how it destroyed the lives of millions of people, and what it means for us today beyond just being able to buy some real “monopoly” money for a few bucks on eBay.
First, some background.