Thursday, June 04, 2009

What Does Tim Geithner Have in His Wallet?

When U.S. Treasury Secretary Timothy Geithner was asked in a House of Representatives meeting if he had ever seen a hyperinflation Zimbabwean bank note, Geithner pulled one of the multi-billion or trillion dollar Zimbabwe bills out of his wallet. He also had some Euros and credit cards but no US dollars.

Does this imply an investment possibility? Such as the CurrencyShares Euro Trust (FXE) for the Euro play? Or should you just buy Zimbabwe $100 trillion bills?

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