A One HUNDRED Trillion Dollar NOTE
This is a frightening image. No monetary system should be measured in hundreds of trillions of dollars. But that's what happened in Zimbabwe around in 2008.
You can find lots of fake Zimbabwe dollars on eBay, especially the "non-circulating" variety. I have a collection of original (and authentic) "100 Trillion Dollars" from the Reserve Bank of Zimbabwe.
Continuing my treck down the fiat rabbit hole, we have arrived at the finale destination of fiat currency, what happens when the printing press goes full BRRRRR. We get hyper-inflation.
Lots and lots of zeros.
As the price for things goes up, I hear people throw that term around "hyper inflation". Most people think that means it'll cost a few hundred dollars to fill the gas tank. That's not hyper-inflation. A gallon of milk i $10. That's not hyper-inflation.
Hyper-inflation is when you need wheelbarrows full of $100T notes to purchase... anything.
This is nothing but a promissory note. Like it literally says "I promise..." LOL.
Who is promising? The Reserve Bank of Zimbabwe is not an "I" entity. "I" means a person. Who exactly is promising to pay me (the bearer) ONE HUNDRED TRILLION DOLLARS?
These notes of course are not redeemable for USD. They're not even redeemable for Zimbabwe dollars! So I suppose the "I promise" is an empty promise. Like all fiat money. Try going to a bank and demanding lawful money for your note. It's not going to happen. Can't you read the sign? It says "legal tender" on it.
I notice this note makes NO MENTION of legal or lawful. I think we know why. It's play money.
And similar to play money, the denominations come in a variety of pretty colors. Not very original designs, but lots of pretty colors.
But this play money does have collectors value, they usually go for somewhere between $100 - $200 on ebay.
What is the largest denomination of money in your collection?
Benjamin Turner: God fearer. Rooted in Messiah. Husband of @lturner. Father of SIX wonderful children. The guy behind the camera. Blockchain enthusiast.
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Best note ever!
!LOLZ
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Werè on the way here! Already all prices are rounded to the nearest 5 cents!.
I snagged a few "early" inflation notes as well as the big daddy. .
Very nice! I see they didn't even bother with the pretty pictures for the 500 M note, LOL. Love the expiration date, classy.
The largest denomination in my collection is $100.00. But for eight years now, I have been exchanging what I can for real money ... for physical gold and silver.
Stack on, @ironshield !
I wonder what the TRUE denomination is by weight.... once things correct, I guess we'll see which is more valuable... a piece of paper with certain promises or actual physical gold or silver. I think the real question is HOW MANY fancy pieces of paper will it take.
That display with all them denomination of inflation look cool 🤣 !BBH !LOLZ
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Another monument to hyperinflation.
Waoh, nice piece on inflation
It is a fact that there has been so much inflation, the price of everything has become very high. The way you are telling the price of milk is 10 dollars, so according to this calculation, it has become impossible to buy milk every day.
Had some of the billion dollar notes years ago. !ALIVE !LOLZ !BBH
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