The Wargamer | Current Events - 150,000% inflation in Zimbabwe

Welcome Guest, please Login or Register!

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register or login before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

Topic: 150,000% inflation in Zimbabwe

Page 1

All Forums : [GENERAL] : General Discussion : Current Events > 150,000% inflation in Zimbabwe

#1 20 FEB 2008 at 10:46am
airboy Commander Posts : 2754 Joined: 24 AUG 2004 Location: 0 Status : Online	Zimbabwe has reached the low on inflation seen by the Weimar Republic in Germany prior to the takeover by the Nazis. According to the International Monetary Fund the inflation rate is now 150,000 percent. From the Washington Post: "By some estimates, about 50 percent of Zimbabwe's government revenue comes from the printing of money. At independence in 1980, the Zimbabwean dollar was worth more than one U.S. dollar. Recently, the state-controlled newspaper raised its cover price to 3 million Zimbabwean dollars. Two pounds of chicken were recently reported to cost about 15 million Zimbabwean dollars." Difficult to comprehend how bad life is in Zimbabwe under Mugabe.
Profile Search

#2 20 FEB 2008 at 10:51am
bayonetbrant Colonel Posts : 7052 Joined: 18 MAR 2007 Status : Offline	Difficult to comprehend how bad life is in Zimbabwe under Mugabe What do you mean bad?! They've thrown off the oppressive yoke of colonialism! They are a self-determining democratic body capable of guiding their own futures without the parentalist oversight of the "man"! How can it be "bad" to make your own decisions without being dictated to by a minority non-native government? [:-] Surely you've confused this nation with someone else.... [sm=00000622.gif] Check out GrogNews for wargaming / mil news. http://grognews.blogspot.com
Profile Search
#3 20 FEB 2008 at 11:15am
roman2440 Commander Posts : 1036 Joined: 12 MAR 2004 Location: 0 Status : Offline	I guess this is one way to control a populace, make it so they cannot afford to buy a newspaper, you don't have to worry about what is printed then.
Profile Search
#4 20 FEB 2008 at 11:21am
Boggit Colonel Posts : 3525 Joined: 18 JUL 2003 Status : Offline	Well everything's relative. Just think how bad things were when Zimbabwe was Rhodesia during Ian Smith's ministry?[8\|] Mugabe was then hailed by the West as a Freedon Fighter against Apartheid. It now seems Mugade has not only learnt to love his version of Apartheid, but couldn't run a piss-up in a brewery, let alone a country.[ ]
Profile Search
#5 20 FEB 2008 at 11:29am
LongBlade General Posts : 20586 Joined: 2 MAY 2003 Status : Offline	Folks, this is where the term "hard currency" gets its name. When the average joe in this situation gets some cash, he will literally sprint to the bank to exchange it for Dollars, Euros, or Yen so that his local currency doesn't fall any further. Besides, all of you "sky is falling" people need to look at this for what Mugabe has done for his people: Virtually all of them are millionaires! What's so bad about that? When is the last time YOUR government managed to pull off that kind of economic miracle? [sm=koolade.gif] I am the Ancien Regime
Profile Search
#6 20 FEB 2008 at 11:30am
Caput Centurion Posts : 193 Joined: 19 NOV 2007 Status : Offline	So I shouldn't have put my retirement savings in Zimbabwean Bonds?
Profile Search
#7 20 FEB 2008 at 11:33am
LongBlade General Posts : 20586 Joined: 2 MAY 2003 Status : Offline	Sure. The appreciation will be stunning [sm=316_vacation.gif] I am the Ancien Regime
Profile Search
#8 20 FEB 2008 at 12:27pm
Walloc Centurion Posts : 45 Joined: 1 FEB 2008 Status : Offline	ORIGINAL: Boggit Well everything's relative. Absolutly. It now seems Mugade has not only learnt to love his version of Apartheid, but couldn't run a piss-up in a brewery, let alone a country.[ ] In that light. It should be said that a Mugabe Lead Zimbabwe, until he completly turned around. For a number of years before that, the country was considered the breadbasket of the southern Africa and a model example for other african countries. Ofc in those years he let ppl do what they did good and didnt take a more personal "hands on approche" to things. Kind regards, Rasmus
Profile Search
#9 20 FEB 2008 at 3:08pm
jejo68 Centurion Posts : 649 Joined: 15 NOV 2001 Status : Online	ORIGINAL: LongBlade When the average joe in this situation gets some cash, he will literally sprint to the bank to exchange it for Dollars, Euros, or Yen so that his local currency doesn't fall any further. Dollars [& Oh you mean the new american lire [ ]
Profile Search
#10 20 FEB 2008 at 3:13pm
keithrose Commander Posts : 1937 Joined: 22 AUG 2003 Status : Offline	150,000% inflation in Zimbabwe good Regards Keith [i]I started out with nothing & I've still got most of it.[/i]
Profile Search
#11 20 FEB 2008 at 3:39pm
LongBlade General Posts : 20586 Joined: 2 MAY 2003 Status : Offline	ORIGINAL: jejo68 ORIGINAL: LongBlade When the average joe in this situation gets some cash, he will literally sprint to the bank to exchange it for Dollars, Euros, or Yen so that his local currency doesn't fall any further. Dollars [& Oh you mean the new american lire [ ] Actually a high Euro is good news - US goods are cheap meaning exports will increase, which is good for the economy. C'mon over for a summer vacation and spend your Euros freely! We'll both benefit [ ] I am the Ancien Regime
Profile Search

#12 20 FEB 2008 at 6:55pm
OJsDad Commander Posts : 1440 Joined: 5 AUG 2004 Location: US, Ohio Status : Offline	So, this is how Chavez is going to make everyone in Venezuela a millionaire. [ ] Matthew 25:14-30. Jesus tells that it is not sufficient merely to maintain things as they are. Those who await should make good use of the gifts that God has provided them.
Profile Search
#13 21 FEB 2008 at 7:47am
pm4ck Centurion Posts : 129 Joined: 14 FEB 2007 Location: 0 Status : Online	What do you mean bad?! They've thrown off the oppressive yoke of colonialism! what was wrong with british colonialism, its a good thing. theres no country which left the fold of empire that has done as well as it could have done under the crown [ ]
Profile Search
#14 21 FEB 2008 at 8:11am
GBburgher Centurion Posts : 149 Joined: 3 APR 2006 Status : Offline	Inflation was 32% in 1998-99, then Mugabe's Land Distribution Plan went into effect in 2000..........
Profile Search
#15 21 FEB 2008 at 8:17am
GBburgher Centurion Posts : 149 Joined: 3 APR 2006 Status : Offline	@ pm4ck: Niall Ferguson ([i]Empire[/i])would like a word with you.........
Profile Search
#16 21 FEB 2008 at 8:19am
bayonetbrant Colonel Posts : 7052 Joined: 18 MAR 2007 Status : Offline	ORIGINAL: pm4ck what was wrong with british colonialism, its a good thing. I was totally channeling my inner Comrade"Chamberlain"P... [ ] Check out GrogNews for wargaming / mil news. http://grognews.blogspot.com
Profile Search
#17 21 FEB 2008 at 10:45am
LongBlade General Posts : 20586 Joined: 2 MAY 2003 Status : Offline	ORIGINAL: pm4ck What do you mean bad?! They've thrown off the oppressive yoke of colonialism! what was wrong with british colonialism, its a good thing. theres no country which left the fold of empire that has done as well as it could have done under the crown [ ] With perhaps one minor exception [sm=usasmile[1].gif] [ ] I am the Ancien Regime
Profile Search

All Forums : [GENERAL] : General Discussion : Current Events > 150,000% inflation in Zimbabwe

Page 1

Jump to:

0 Members Subscribed To This Topic

Topic: 150,000% inflation in Zimbabwe

airboy

bayonetbrant

roman2440

Boggit

LongBlade

Caput

LongBlade

Walloc

jejo68

keithrose

LongBlade

OJsDad

pm4ck

GBburgher

GBburgher

bayonetbrant

LongBlade