On Wed, 16 Jul 2008 21:54:19 +0800, Alan
wrote:

On Tue, 15 Jul 2008 17:41:38 -0500, F. George McDuffee
wrote:
...

What happens when the tax payers can't afford to pay the taxes
that are going to pile up from all this?
snip
===========
Start the high-speed printing presses at the Fed printing million
dollar bills?


Zimbabwe

I think a loaf of bread is about 3 million dollars there - if
you can get it.

I am very glad I left there in 1964 and Africa at end of '65
===========
so much for the value of the GNP/GDP as an indicator of economic
health....
-------------
Zimbabwe inflation hits 2.2 million percent

by Godfrey Marawanyika Wed Jul 16, 7:58 AM ET

HARARE (AFP) - The annual rate of inflation in Zimbabwe, already
the highest in the world, has hit a new record level of 2.2
million percent, the central bank's governor revealed on
Wednesday.

For complete article and picture of 5 million dollar bills click
on
http://news.yahoo.com/s/afp/20080716...4mrB JAtvaA8F

The highest denomination is now 50 billion Zimbabwean dollars
(worth one U.S. dollar).
http://www.detnews.com/apps/pbcs.dll...TION/807160341
also see
http://www.telegraph.co.uk/news/worldnews/africaandindianocean/zimbabwe/2236777/Robert-Mugabe's-Zimbabwe,-where-baked-beans-cost-$30-billion.html


Unka' George [George McDuffee]
-------------------------------------------
He that will not apply new remedies,
must expect new evils:
for Time is the greatest innovator: and
if Time, of course, alter things to the worse,
and wisdom and counsel shall not alter them to the better,
what shall be the end?

Francis Bacon (1561-1626), English philosopher, essayist, statesman.
Essays, "Of Innovations" (1597-1625).