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Old 08-19-2009, 06:49 PM   #1
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Zimbabwe has dollarized their economy. With inflation totally out of control they have abandoned their own currency and have started using USD. A quick look at CIA facts shows a GDP of close to 2 billion. Does that mean that we can print a couple of Billion more dollars and simply have them soaked up by the Zimbabwe economy with no risk of inflation here in the US?
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Old 08-19-2009, 06:54 PM   #2
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Old 08-19-2009, 06:55 PM   #3
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Zimbabwe has dollarized their economy. With inflation totally out of control they have abandoned their own currency and have started using USD. A quick look at CIA facts shows a GDP of close to 2 billion. Does that mean that we can print a couple of Billion more dollars and simply have them soaked up by the Zimbabwe economy with no risk of inflation here in the US?
Oh without a doubt!
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Old 08-19-2009, 07:16 PM   #4
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Why just let them use our money? With a GDP of only a few billion $USD, we could just buy the entire country as another economic stimulus experiment. It would be just like the "cash for clunkers" program but instead of gas-guzzling cars, we end up with a cash-guzzling dictatorship...
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Old 08-19-2009, 07:22 PM   #5
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Why just let them use our money? With a GDP of only a few billion $USD, we could just buy the entire country as another economic stimulus experiment. It would be just like the "cash for clunkers" program but instead of gas-guzzling cars, we end up with a cash-guzzling dictatorship...
Whats a few billion amongst friends?
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Old 08-19-2009, 07:50 PM   #6
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The FOMO has been giving GS(amongst others) 2-30 billion PER DAY for the last 5 months to manipulate the markets higher! $2 billion (of your money) is chump change for the current folks in charge!
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Old 08-20-2009, 02:45 PM   #7
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Cash for Congo
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Old 08-20-2009, 03:34 PM   #8
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Cash for Congo
Bucks for Botswana?

Greenbacks for Ghana?

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Old 08-21-2009, 08:52 AM   #9
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As of Dec 07...

How Currency Gets into Circulation - Fedpoints - Federal Reserve Bank of New York

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There is about $829 billion dollars of U.S. currency in circulation; the majority is held outside the United States.
A quick search yielded no currnet data, but it's probably out there somewhere...
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