Surviving Hyperinflation: Zimbabwe Lessons for America's Crisis

HOW THE LESSONS OF ZIMBABWE'S FINANCIAL CRISIS TEACHES AMERICANS WHAT TO DO

On November 14, 1997, the massive loans taken by the government of Zimbabwe came to a sudden halt and our currency nearly completely collapsed. We call it Black Friday. In one day, the US dollar went from being worth 12 Zimbabwe dollars...to $75. In the weeks that followed, we watched a loaf of bread go from $1 to $7. Gasoline was even worse. But the amount of money in our bank accounts was still the same. We were te...