Tag Archives: finance

Zimbabwe and Hyper Inflation

This is what happens in ZIMBABWE !!!!!

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This is what it looks like in Zimbabwe……………
(Inflation at 231 million percent a year has meant 25 million Zimbabwe dollars equals to just 1 US dollar)

The pictures below look funny, but the story is really sad……..

Visiting the neighborhood grocer!
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Some pocket money!
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Awesome price tag!
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This is how people pay in restaurants!
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The bill of course!
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The 100 billion dollar note in circulation!
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Zimbabwe’s $100 billion banknote with the number of eggs it could purchase on its release date
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They are now releasing a 100 TRILLION banknote…

If you want to feel like a trillionaire for a few days, a holiday to Zimbabwe will surely give you that feeling!

And 1 trillion = $33 USD..

In 1980 ZMD was equivalent to British pounds and nowwwww!!!!!!!

This is what we call Hyper Inflation!

Jay Leno On Stocks & Finance :-)

1. The US has made a new weapon that destroys people but keeps the building standing,. Its called the stock market – Jay Leno

2. Do you have any idea how cheap stocks are?? Wall Street is now being called Wal Mart Street – Jay Leno

3. The difference between a pigeon and a London investment banker. The pigeon can still make a deposit on a BMW

4. What’s the difference between a guy who lost everything in Las Vegas and an investment banker? A tie!

5. The problem with investment bank balance sheet is that on the left side nothing’s right and on the right side nothing’s left.

6. I want to warn people from Nigeria who might be watching our show, if you get any emails from Washington asking for money, it’s a scam. Don’t fall for it – Jay Leno

7. Bush was asked about the credit crunch. He said it was his favorite candy bar – Jay Leno

8. The rescue bill was about 450 pages. President Bush’s copy is even thicker. They had to include pictures – Jay Leno

9. President Bush’s response was to meet some small business owners in San Antonio last week. The small business owners are General Motors, General Electric and Century 21 – Jay Leno

10. What worries me most about the credit crunch, is that if one of my cheques is returned stamped ‘insufficient funds’. I won’t know whether that refers to mine or the banks.

How to Safeguard your Ferrari when you are away

An Businessman walks into a bank in New York City and asks for the loan officer. He tells the loan officer that he is going out of country on business for two weeks and needs to borrow $5,000.

The bank officer tells him that the bank will need some form of security for the loan, so the Businessman hands over the keys and documents of new Ferrari parked on the street in front of the bank. He produces the title and everything checks out. The loan officer agrees to accept the car as collateral for the loan.

The bank’s president and its officers all enjoy a good laugh at the guy for using a $250,000 Ferrari as collateral against a $5,000 loan. An employee of the bank then drives the Ferrari into the bank’s underground garage and parks it there.

Two weeks later, the Businessman returns, repays the $5,000 and the interest, which comes to $15.41. The loan officer says,

“Sir, we are very happy to have had your business, and this transaction has worked out very nicely,  but we are a little puzzled. While you were away, we checked you out and found that you are a multi-millionaire. What puzzles us is, why would you bother to borrow “$5,000” ?

The Businessman replies: “Where else in New York City can I park my car for two weeks for only $15.41 and expect it to be there when I return'”

Jon Stewart owns CNBC and Santelli

Looks like Jon Stewart shares my contempt for the inane talking heads on these business shows. The only show that makes any sense to me is the Dave Ramsey show on Fox Business Shows. I tuned in to it to see Dave Ramsey as I had read about him on a few blogs and he seems to be the only sane guy around. Sober calm advice with none of the hysteria or euphoria.

Here’s Jon Stewart’s takedown !!