Former Zimbabwe central banker tells the truth about fake money

In a recent article, "Former Reserve Bank of Zimbabwe governor Gideon Gono says he was forced to print money even when he knew it would cause hyperinflation because the government was desperate to forestall a coup by hungry soldiers." 

You can read the rest of the article if you want but it will not add more useful information than the leadoff line reprinted above.  Gono /  Zimbabwe is a microcosm of all nations that use central banks which embrace fake money (fiat currency).  Each time something happens, they use the printing presses to cover the gap.  Printing up new currency devalues that already held by others.  Note how Gono honestly says that "Operation Restore Legacy would have happened much earlier, but not one that we would have been commanding ourselves.".

In other words, the country was going to shit and Gono and his pals printed up currency from thin air in order stay in power as long as possibly by feeding the needless military of his country.  Of course then he goes on to spin his corruption as an attempt to save lives given the humanitarian hero he obviously is, blag blah blag.

While Gono is patting himself on the back for helping to destroy a nation, let's be clear on just how he stalled off the inevitable collapse of his nation's debt Ponzi.  By printing currency to give to the soldiers Gono did not print new money.  All he did was devalue the currency already held by others.  So all he did was tax and steal from the honest people who were trying to live under the system even though they had no idea how it worked. 

Folks, if it was a scam in Zimbabwe, it's a scam everywhere.  Zimbabwe's fake money system was exactly the same as all other fake money in the world.  It was just a smaller flywheel but the physics were exactly the same.  Fake money is a con game.  When people lost confidence in the zim government, they lost confidence in the issuing authority of the fake paper and so the fake paper reverted to its intrinsic value of zilch.

Why so many people can't see that this is going to be the eventual fate of all fake paper money is beyond me.  It's intuitively obvious to even the most casual observer once the scam is explained as I have done on so many occasions.