Mugabe's Latest Economic Brilliance

This past week, Zimbabwe's Robert Mugabe authorized the printing of the 100 billion dollar note. Given that the inflation rate is 2.2 million percent, it is only a matter of weeks before you'll need wheelbarrows to carry the amount of Zimbabwean currency needed to buy a loaf of bread.

Zimbabwe, a country plagued with a hyper inflation rate of 2.2 million percent, the highest in the world, first issued bloated bank notes in December with a $250,000 denomination. In January, new bills were released at $1 million, $5 million, and $10 million denominations, and in May, the central bank issued bills at $25 million, $50 million, $25 billion and $50 billion denominations.

The bills, however, are bearer checks and expire on Dec. 31. Zimbabwe has yet to introduce an official currency since the introduction of bearer checks in 2003.

In a statement, Reserve Bank of Zimbabwe Governor Gideon Gono said the new notes are for "the convenience of the banking public and corporate sector" in light of increasing prices.

Now, Mugabe is threatening to nationalize the remaining foreign businesses and redistribute their wealth that have stuck around despite the horrible economic conditions in response to sanctions placed on the country because of Mugabe's power grab in thwarting free and fair elections.

Mugabe is determined to completely destroy that which has not already been destroyed by his economic policies.