This blog started by way of a related website I had created for purchasing Zimbabwe currency online. After doing more homework into the horrible and catastrophic economic situation that befell Zimbabwe due to its reckless and corrupt government, I thought it would be good to share some of the things I have researched, partly for the sake of providing a “cautionary tale” and partly just for people to understand a little more about what actually happened, and the series of events that led up to the hyperinflationary meltdown that Zimbabwe experienced.
One thing is for dern tootin’: Hyperinflation is not unique to Zimbabwe. As a matter of fact, throughout history, several other countries have experienced this hyperinflationary death spiral as well; it’s a cycle that has been repeated over and over again. It’s not unique to one particular culture, either; various countries all around the world have been financially wrecked by this phenomenon. I will more than likely share about those situations on this blog as well.
If there’s anything that I would like for people to take away from this blog, it would simply be this: All fiat currencies eventually end up worthless. It’s only a matter of when. Once Nixon disconnected the dollar from gold in 1971, we in the U.S. entered the “purely fiat” realm ourselves. I have a feeling that history will repeat itself again very soon.