A 100-trillion-dollar bill, it turns out, is worth about $5. That’s the going rate for Zimbabwe’s highest denomination note, the biggest ever produced for legal tender—and a national symbol of monetary policy run amok. At one point in 2009, a hundred-trillion-dollar bill couldn’t buy a bus ticket in the capital of Harare.
But since then the value of the Zimbabwe dollar has soared. Not in Zimbabwe, where the currency has been abandoned, but on eBay.
The notes are a hot commodity among currency collectors and novelty buyers, fetching 15 times what they were officially worth in circulation.
Frank Templeton, a retired Wall Street equities trader, bought “quintillions of Zimbabwe dollars” through a broker from Zimbabwe’s central bank. On eBay, he now does a brisk trade in the bills from his home in the Hamptons, on New York’s Long Island. “I like to say Warren Buffett made a lot of people millionaires, but I’ve made more people trillionaires,” Mr. Templeton says. The dealer paid between $1 and $2 for each of the bills in several purchases over about a year, and now sells them for around $5-$6 apiece.
A man in his late 20s walked towards me. His arm was outstretched. He wasn’t wearing sweatpants. He was wearing a pinstripe jacket and trousers. He looked like a young businessman trying to make his way in the world, someone who wanted to show everyone that he was very, very sane. We shook hands.
There are all kinds of emergencies out there that we can prepare for. Take a zombie apocalypse for example. That’s right, I said z-o-m-b-i-e a-p-o-c-a-l-y-p-s-e. You may laugh now, but when it happens you’ll be happy you read this, and hey, maybe you’ll even learn a thing or two about how to prepare for a real emergency.
A Brief History of Zombies:
We’ve all seen at least one movie about flesh-eating zombies taking over (my personal favorite is Resident Evil), but where do zombies come from and why do they love eating brains so much? The word zombie comes from Haitian and New Orleans voodoo origins. Although its meaning has changed slightly over the years, it refers to a human corpse mysteriously reanimated to serve the undead. Through ancient voodoo and folk-lore traditions, shows like the Walking Dead were born.
