Zimbabwe Has Only $217 Left in the Bank

#1

Post by DK007 » Fri, Feb 01, 2013, 12:30 PM UTC

Zimbabwe Has Only $217 Left in the Bank
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Re: Zimbabwe Has Only $217 Left in the Bank

#2

Post by viseztrance » Fri, Feb 01, 2013, 12:58 PM UTC

Using the same logic, if you have one dollar you're better off than the US.

Re: Zimbabwe Has Only $217 Left in the Bank

#3

Post by guynamedloren » Fri, Feb 01, 2013, 1:00 PM UTC

viseztrance wrote: post #2

Using the same logic, if you have one dollar you're better off than the US.

Ha, I was thinking the exact same thing. If you have a penny you're better off than the US :)

Re: Zimbabwe Has Only $217 Left in the Bank

#4

Post by ckluis » Fri, Feb 01, 2013, 1:13 PM UTC

guynamedloren wrote: post #3

viseztrance wrote: post #2

Using the same logic, if you have one dollar you're better off than the US.

Ha, I was thinking the exact same thing. If you have a penny you're better off than the US :)

If you are only in debt $15 trillion you'd be better off too… dumb logic.

However - the interesting thing is that his government created the problem in such a short period of time.

Re: Zimbabwe Has Only $217 Left in the Bank

#5

Post by [deleted] » Fri, Feb 01, 2013, 1:30 PM UTC

ckluis wrote: post #4

guynamedloren wrote: post #3

Earlier quoted context omitted.

Ha, I was thinking the exact same thing. If you have a penny you're better off than the US :)

If you are only in debt $15 trillion you'd be better off too… dumb logic. However - the interesting thing is that his government created the problem in such a short period of time.

[deleted]

Re: Zimbabwe Has Only $217 Left in the Bank

#6

Post by hudell » Fri, Feb 01, 2013, 1:50 PM UTC

I'm poorer than Zimbabwe

Re: Zimbabwe Has Only $217 Left in the Bank

#7

Post by emperorcezar » Fri, Feb 01, 2013, 1:51 PM UTC

That's called a balanced budget. :)

Re: Zimbabwe Has Only $217 Left in the Bank

#8

Post by xqyz » Fri, Feb 01, 2013, 1:54 PM UTC

viseztrance wrote: post #2

Using the same logic, if you have one dollar you're better off than the US.

You do realize of course that the government has other assets than money, right?

Re: Zimbabwe Has Only $217 Left in the Bank

#9

Post by Shivetya » Fri, Feb 01, 2013, 1:57 PM UTC

ckluis wrote: post #4

guynamedloren wrote: post #3

Earlier quoted context omitted.

Ha, I was thinking the exact same thing. If you have a penny you're better off than the US :)

If you are only in debt $15 trillion you'd be better off too… dumb logic. However - the interesting thing is that his government created the problem in such a short period of time.

The US simply has more depth in its economy to withstand the negative influence of her politicians. We already see the cliff without the public having much say as to how it will be corrected let alone when. Zimbabwe didn't happen overnight, their economy just didn't have the resilience of many Western ones.

Re: Zimbabwe Has Only $217 Left in the Bank

#10

Post by graeme » Fri, Feb 01, 2013, 2:06 PM UTC

ckluis wrote: post #4

guynamedloren wrote: post #3

Earlier quoted context omitted.

Ha, I was thinking the exact same thing. If you have a penny you're better off than the US :)

If you are only in debt $15 trillion you'd be better off too… dumb logic. However - the interesting thing is that his government created the problem in such a short period of time.

Also, the US can print more money or ask for more money from investors. There is a limit to how far that can go, of course.

Zimbabwe passed that limit long ago. So $217 left is a much more meaningful problem there.