Meanwhile, Over In Zimbabwe...
Submitted by Simon Black via SovereignMan.com,
On April 12, 2009, the government of Zimbabwe officially abandoned its currency.
You probably remember the stories; starting in the early 2000s, the Zimbabwe central bank began printing massive quantities of money in order for the government to make ends meet.
This resulted in one of the worst episodes of hyperinflation in modern history.
Zimbabwe’s rate of inflation in 2001 was more than 100%. Prices basically doubled.