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Zimbabwe Inflation "Incalculable" (100,000% Inflation By Year's End Alert)
http://news.bbc.co.uk/2/hi/africa/7115651.stm ^ | 11/27/2007 | BBC News

Posted on 11/27/2007 6:03:08 PM PST by goldstategop

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A country looking at 100,000% inflation by year's end. In which a business loan is available at 25% interest. Zimbabwe's mega-inflation is not only statistically incalculable, its a portrait of a nation that is in a state of economic collapse. Basic goods are not available at any price there.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

1 posted on 11/27/2007 6:03:09 PM PST by goldstategop
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To: goldstategop

If per horrible chance Obama is ever elected president, we may end up living in Zimbabwe West.


2 posted on 11/27/2007 6:04:49 PM PST by lapster
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To: goldstategop

First reference to Weimar Republic wins a prize.

Oh wait, that’s me!

I will pay myself ten silver coins.


3 posted on 11/27/2007 6:06:16 PM PST by Petronski (Reject the liberal troika: romney, giuliani, mccain)
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To: goldstategop

Just wow.


4 posted on 11/27/2007 6:08:02 PM PST by onja ("The government of England is a limited mockery.") (France is a complete mockery.)
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To: onja
15,000% a month. The Zimbabwean dollar is worthless - even the bricks people used to carry. Its just as well since there is nothing to buy in the country.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

5 posted on 11/27/2007 6:09:28 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: Petronski
The Germans were pikers compared to the Zim thugs.

Photo Sharing and Video Hosting at Photobucket

6 posted on 11/27/2007 6:11:39 PM PST by dynachrome (Immigration without assimilation means the death of this nation~Captainpaintball)
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To: goldstategop

It’s been a barter economy for awhile.

Somewhere, Ayn Rand smiles.


7 posted on 11/27/2007 6:12:58 PM PST by dynachrome (Immigration without assimilation means the death of this nation~Captainpaintball)
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To: goldstategop
It will improve as soon as Mugabe and his thugs are gone.

Communists,socialists Marxists;they all ignore human nature and economic reality.

The biggest slavery to ever exist in the world is various forms of communism.

8 posted on 11/27/2007 6:13:27 PM PST by hoosierham (Waddaya mean Freedom isn't free ?;will you take a creditcard?)
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To: goldstategop

“in a bid to stem galloping inflation”

Well that government plan didn’t work out too well, did it?


9 posted on 11/27/2007 6:14:00 PM PST by canuck_conservative
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To: lapster

you got that one right.


10 posted on 11/27/2007 6:14:18 PM PST by television is just wrong (deport all illegal aliens NOW. Put all AMERICANS TO WORK FIRST. END Welfare)
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To: goldstategop
Maize meal, bread, meat, cooking oil, sugar and other basic goods used to measure inflation largely disappeared from shops after Robert Mugabe's government ordered prices to be slashed.

Manufacturers have said they cannot afford to sell goods at below the cost of producing them.

This is Atlas Shrugged come to life. A MUST READ for all conservatives everywhere.

11 posted on 11/27/2007 6:14:47 PM PST by Blood of Tyrants (G-d is not a Republican. But Satan is definitely a Democrat.)
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To: canuck_conservative
Price controls don't work. They don't even treat the symptoms that made the patient sick. The patient isn't sick but is near death.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

12 posted on 11/27/2007 6:15:15 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: goldstategop

Its Bush and Americas fault.


13 posted on 11/27/2007 6:16:46 PM PST by edcoil (Reality doesn't say much - doesn't need too)
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To: goldstategop

They got the white farmers though!- that’s what the blacks wanted even more than prosperity for themselves.

They destroyed the very people that could have taught black farmers how to succeed.

A grim lesson in the effects of racial hate over cooperation.


14 posted on 11/27/2007 6:19:19 PM PST by Finalapproach29er (Dems will impeach Bush in 2008; mark my words.)
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To: dynachrome

Near the peak of the Weimar crisis, banks used rubber stamps to add 000 to the notes, trying to keep up.


15 posted on 11/27/2007 6:19:20 PM PST by Petronski (Reject the liberal troika: romney, giuliani, mccain)
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To: goldstategop

The catalyst for their inflation was dwindling supply. I wish all central banks would study that phenomenon.


16 posted on 11/27/2007 6:23:17 PM PST by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: goldstategop
Last month, the central bank offered loans, known as Bacossis, to businesses at 25% interest to restore supplies to shops, AP news agency reports.

A person could make good money with a loan like that. Buy goods and wait a few days to sell them, pay off the loan and interest with money left over, but the profit would have to be spent quickly.

17 posted on 11/27/2007 6:24:55 PM PST by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: goldstategop

It’s almost as bad as the Planet Algon:

This is the planet Algon, fifth world in the system of Aldebaran, the Red Giant in the constellation of Sagittarius. Here an ordinary cup of drinking chocolate costs four million pounds, an immersion heater for the hot-water tank costs over six billion pounds. and a pair of split-crotch panties would be almost unobtainable. A simple rear window de-misting device for an 1100 costs eight thousand million billion pounds and a new element for an electric kettle like this would cost as much as the entire gross national product of the United States of America from 1770 to the year 2000,


18 posted on 11/27/2007 6:29:20 PM PST by dfwgator (RIP Dr. Cade)
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To: goldstategop

“A country looking at 100,000% inflation by year’s end. In which a business loan is available at 25% interest.”

Wow. Sounds like a pretty sweet deal to me. Borrow the equivalent of $10,000 in zimbabwean currency, convert it to $10,000 immediately, and in a year convert $15 dollars back into zimbabwean currency and pay the loan back in full.

Qwinn


19 posted on 11/27/2007 6:30:25 PM PST by Qwinn
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To: Petronski

Printed on only one side to save money.


20 posted on 11/27/2007 6:30:54 PM PST by dynachrome (Immigration without assimilation means the death of this nation~Captainpaintball)
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