Your Daily Planet #1

Zimbabwe dollar worth its weight in sub-atomic particlesInflation is hitting everyone these days – gas prices up in Canada, the price of wheat, flour and now rice. A local baker recently reported that his price for one particular grade of flour went up 65% in one week.
And however unusual that is, pity residents of Zimbabwe in Africa. Once the breadbasket of Africa and one of the most successful and stable economies, years and years of government mismanagement have left this gem of a country in fiscal chaos. Inflation rates over the past few months have been reported in the double digits – on a typical day, prices rise 10 to 15%.
In February, the national bank of Zimbabwe issued its first 10 million dollar note – to respond, in part, to the death spiral of its own currency and buying power.
And that 10 million dollar note today? It buys a loaf of bread. If one can find a loaf of bread on the many empty grocers shelves that is.
In an even more brazen and pathetic move, the national bank issued a 50 million dollar note this week.
It is worth about 2$ American and buys about 3 loaves of bread.
Keep that in mind when you are queuing up at your local Sobey’s or Target store.

Inflation is hitting everyone these days – gas prices up in Canada, the price of wheat, flour and now rice. A local baker recently reported that his price for one particular grade of flour went up 65% in one week. And however unusual that is, pity residents of Zimbabwe in Africa. Once the breadbasket of…