Zimbabwe Issues $100 Billion Note — Worth Half a Loaf of Bread

Zimbabwe has solved the current problem of people having to cart bags of money to the store to pay for food: it issued a $100 billion note, which will not even buy a loaf of bread in the country. The complete free fall of the Zimbabwe economy has become a textbook example of how government policy can destroy an entire country. In the meantime, farmers are being beaten by thugs associated with the government to sign over their land. Yet, Russia vetoed efforts to impose sanctions on the country and specifically its strongman ruler, Robert Mugabe.

Zimbabwe was once a prosperous nation, but now is crippled under an inflation rate that even the government puts at 2.2 million percent. That estimate is viewed as a great underestimation by economists.

Reports have emerged of shocking beatings of farmers in the country by Mugabe henchmen, click here. the country now appears to be run as little more than a criminal enterprise headed by a delusional dictator.

Showing how completely divorced its policies are from any moral obligations, Russia vetoed efforts to impose sanctions on Zimbabwe, click here.

For the full story, click here.