They did. A few years ago. They knocked 3 zeros off the price of everything.
What irritates me is that because there is no oil, America refuses to help.
Lets hope the Americans find oil there soon
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Zimbabwe's new $100,000,000,000 banknote.
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They did. A few years ago. They knocked 3 zeros off the price of everything.
What irritates me is that because there is no oil, America refuses to help.
Lets hope the Americans find oil there soon
Well, I'm off to buy a loaf of bread.
See you people later.
And while you're inside buying bread ... someone comes and steals the cart.
I would get a dollar worth just for the fun of it.
Wow, with that rate of inflation, sometime next year they'll be printing quadrillion notes (trillion * 1000).
It's too bad that some people who never heard of ethics or hard work must be printing extra money for this to take place.
Wow, with that rate of inflation, sometime next year they'll be printing quadrillion notes (trillion * 1000).
It's too bad that some people who never heard of ethics or hard work must be printing extra money for this to take place.
They did. A few years ago. They knocked 3 zeros off the price of everything.
What irritates me is that because there is no oil, America refuses to help.
Lets hope the Americans find oil there soon
Would they really want Dubya's brand of "help?" (Look what he's done for Iraq, New Orleans, Iowa...)
Besides (not to start a political argument), the AU and the EU both seem uninterested in putting any serious pressure on Mugabe, or even criticizing him, directly, in any official capacity.
And while you're inside buying bread ... someone comes and steals the cart.
well the cart is worth more
well the cart is worth more
Yeah, my Economics professor actually saw that happen.
well, zimbabwe could
1. Kill Mugabe
2. Make $100000000000 = 1 new dollar
Option 1 needs to be exercised regardless of anything else.
And yes, a revised monetary policy and re-pegging of the exchange rate to eliminate inflation would be great. Zimbabwe needs something on the lines of the Real plan in Brazil.
But their hands are kind of tied. They want to go through the UN to punish Mugabe and Zimbabwe, but China didn't agree to the plan that the UN came up with. I don't think Russia did either. Everyone else did, but certain countries must agree, and China and Russia are 2 of them.
I know that the US Government (Terrorists) didn't listen to anyone elses opinion with regards to attacking Iraq, but the US can't afford to do that again and gain even more enemies.
I don't know.
I do.
Get the Israelis to mount another "Entebbe", and kill the mother-****er.
Any Israelis soldier killed in the line of duty should be revered, IMO.
He is a blight on all of Africa, and if they are too afraid to do it themselves, well, other measures must be implemented.
Until he, and his ilk, are gone, they will always be a Third-World continent.
For the latest from BBCnewsIf daily living costs are at $500 billion...what is the average pay then?
Sure would be nice to say you net 100 billion an hour.
No, really though...this is very sad.
Because of the recent economic sanctions, the company (based in germany) that supplies Zimbabwe with banknote paper has stopped delivery.
Soon they'll run out of notes to print, which means that the army and police may not be able to be paid:
http://www.guardian.co.uk/world/2008/jul/24/zimbabwe
Soon they'll run out of notes to print, which means that the army and police may not be able to be paid:
http://www.guardian.co.uk/world/2008/jul/24/zimbabwe
I fear that cause of action would only lead to more Mugabes over the coming decades. The only thing we can do is wait for the man to die of his own accord. Of course by that point inflation in Zim will be at the point where the money will be totally useless, with Zim notes being abandoned altogether in favour of South African Rand.
The top men in Zanu-PF will be fine though. After all, they count their* cash in Swiss Francs.
* Yeah, of course it's theirs
One would think, hope, that such punitive action would give some future miscreants pause for reflection.
Well, although no longer true for Switzerland, this raises a problem I have always had with numbered accounts, anywhere.
They trade their, (say Switzerland, during the World Wars), safety from harm (e.g. Nazis) at the cost of grief to others.
Mugabe's entire appeal in Southern Africa is that he was the "freedom fighter" who broke Zambia away from the evil West / White man. It's for this reason that he's hardly criticised locally - and the same exact reason why the EU/Britain/US absolutely cannot do anything to stop him. We're in a "damned if you do, damned if you don't" situation; forcing him from power would prove him right in the eyes of his followers (and extend trouble in the area for another generation), and doing nothing means starvation for the Zimbabwean people.
Mugabe must be and will be delt with by the Africans. There's been very slow progress here - but don't think that the West is doing nothing behind the scenes. Expect leaders of the surrounding countries to come under increasing financial pressure... and receive incentives to turn against him.
Don't underestimate China's role in this either. We've left Africa to rot for decades - the Chinese have a better long term view, and see the continent's potential.
My history teacher once said something hilarious. We were studying the hyperinflation in Germany after WW1.
Teacher: If you left a wheelbarrow full of money outside your front door, the odds were that someone would tip the money out and steal your wheelbarrow.
Teacher: If you left a wheelbarrow full of money outside your front door, the odds were that someone would tip the money out and steal your wheelbarrow.
I guess I should just shut up about inflation here in the US...
Well we are in the Bay Area; I reckon we have some right to complain about the cost of living.
Isn't there something wrong if they keep printing money just to keep their army and police paid???