Sunday, July 20, 2008

Gordon's not that bad. In comparison, at least...

As Wat Tyler says, economically we are in for tough times. Still, one has to hand it to Gordon, no matter what an incompetent lying cunt he may be, at least we aren't getting ready to print a hundred billion pound note.
Zimbabwe is to introduce a bank-note worth Z$100bn in response to rampant inflation - but the note will barely cover the cost of two loaves of bread.

Some Zimbabweans are already calling for higher denominations in a country where the official annual inflation rate has exceeded 2,200,000%.

Independent economists believe the real rate is many times higher.

Fucking hellski.

Mind you, as I've pointed out before, we have seen even more rampant hyperinflation. The modern-day record is still held, I believe, by Hungary. [Emphasis mine.]
Hungary went through its worst inflation in modern history in 1945-46. Before 1945, the highest denomination was 1,000 pengő. By the end of 1945, it was 10,000,000 pengő. The highest denomination in mid-1946 was 100,000,000,000,000,000,000 pengő.

The rate of inflation was 4.19 quintillion (4.19 x 1018) percent.

A special currency the adópengő—or tax pengő—was created for tax and postal payments [2]. The value of the adópengő was adjusted each day, by radio announcement. On January 1, 1946 one adópengő equaled one pengő. By late July, one adópengő equaled 2,000,000,000,000,000,000,000 or 2×1021pengő.

When the pengo was replaced in August 1946 by the forint, the total value of all Hungarian banknotes in circulation amounted to one-thousandth of one US cent. It is the most severe known incident of inflation recorded, peaking at 4.19 × 1016 percent per month (prices double every 15 hours).

The overall impact of hyperinflation: On the 1st of August, 1946 400,000,000,000,000,000,000,000,000,000 or 4×1029 (four hundred octillion [ short scale ] ) pengő became 1 forint.

Cap'n Bob Mugabe has some way to go to beat that, but he does seem to be trying awfully hard. Perhaps he is trying to get into the Guinness Book of Records under something other than the "Most Useless Cunt Of An African Leader And That's Fucking Saying Something" category...


Henry North London 2.0 said...

No mention of Germany in the 30s though

Mugabe is only going to stop being president if he keels over

Anonymous said...

hnl; if someone is prepared to lend me a .303 I'll gladly help Mad Bob kel over.

Henry North London 2.0 said...

You'll need a rifle that can shoot someone at two hundred yards and silently if you want to do that

Anonymous said...

Henry North London: the Hungarian hyperinflation was actually much worse than the more famous German case. I have a couple of notes from the midperiod, including a 100 billion mega-pengő note. Very pretty.

Anonymous said...


Use a Barrett xm500 - do it from a mile and a quarter away. And just to make it interesting, use Mk211 Raufoss ammo.

200 yds is no challenge at all for almost any rifle.

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