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Want to Be a Billionaire? Move to Zimbabwe

Posted June 30, 2008

“The minimum wage in Zimbabwe last month was Z$3.9 billion, and the average workers monthly salary was a magnificent Z$15 billion. Unfortunately for the worker and his family, his whole monthly Z$15 billion dollar paycheck wasn’t quite enough to buy a bar of soap.” — John Pugsley

by John Pugsley, The Sovereign Society

Baltimore – (TFN): How would you like to be a billionaire? It’s easy. Just move to Zimbabwe. This country’s entire population of over 12,000,000 are billionaires. In fact, many are trillionaires, or even quadrillionaires.

However, be careful what you wish for. As citizens of Zimbabwe have discovered, these riches are a curse rather than a blessing.

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Let me explain. The minimum wage in Zimbabwe last month was Z$3.9 billion, and the average workers monthly salary was a magnificent Z$15 billion. Unfortunately for the worker and his family, his whole monthly Z$15 billion dollar paycheck wasn’t quite enough to buy a bar of soap. In fact, it takes Z$10 billion to make a single U.S. dollar as of this week.

Last week, a pint of milk (if you were lucky enough to find one in the store) cost Z$3 billion, a single egg, Z$4 billion. A pound of margarine cost Z$25 billion and a pack of 10 cookies costs Z$19 billion. That was last week. Inflation has moved prices even higher today. Read on to learn more.

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