Out of the Frying Pan – Into the Fire – A story of Hyperinflation
A few years ago I started commenting on the hyperinflation of Zimbabwe.
Back in February, Zimbabwe started using US Dollars as the common transactional currency. This reminds me of how markets have over time usually picked a currency to use, in history the choice was usually gold and or silver.
Interestingly, the Zimbabwe economy is on its way back to recovery with items on store shelves once again as you will see in this video.
What the market place of Zimbabwe seems to have missed, is that the US is doing to its dollar exactly what the Reserve Bank of Zimbabwe did to its own currency.
http://themessthatgreenspanmade.blogspot.com/2009/09/shopping-in-zimbabwe.html
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
