A restauranteur in Zimbabwe carries the receipts from a · PDF fileA restauranteur in Zimbabwe carries the receipts from a day’s activity to the bank in 2008. If converted to US

A restauranteur in Zimbabwe carries the receipts from a day’s activity to the bank

in 2008. If converted to US dollars, this armful of money was less than $1,000.00.

100 billion dollars for 3 eggs.

Billions of dollars for a loaf of bread.

A young billionaire in Zimbabwe.

German children stacking bundles of worthless paper money in 1923.

Postage stamp from Germany in 1922, needed to mail one letter.

500,000 Dinara from Yugoslavia in 1988

50 billion Dinara from Yugoslavia in 1989.

One Hundred Million Mark Note from Germany in 1922.

Inflation in Germany in 1922 moved so fast, the central bank did not have time to

produce new money fast enough, so they took 1000 Mark notes that had become

worthless and overprinted them with ‘one billion Marks’. A while later the

banknotes were printed only on one side.

Inflation in Turkey in the 1990’s required a fistful of money to buy groceries.

A street sweeper sweeps up worthless Hungarian Pengo’s in 1946.

Gold has always been the ‘go-to’ investment, during periods of financial turmoil.

This chart shows the rising price of gold expressed in German Marks between 1914

and 1923.