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...But You Can't Rig An Economy

How long can Zimbabwe go on now that the German company that supplies the paper for those billion-Zim dollar notes has cut off shipments to Mugabe?


http://www.newsweek.com/id/144387

http://www.moneyweb.co.za/mw/view/mw/en/page94?oid=213457&sn=Detail

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Originally posted by der schwarze Ritter
...But You Can't Rig An Economy

How long can Zimbabwe go on now that the German company that supplies the paper for those billion-Zim dollar notes has cut off shipments to Mugabe?


http://www.newsweek.com/id/144387

http://www.moneyweb.co.za/mw/view/mw/en/page94?oid=213457&sn=Detail
well done. looks like paper is a scarce product in Zimbabwe..

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Originally posted by mochiron
well done. looks like paper is a scarce product in Zimbabwe..
One of the articles stated that there are no vending machines in Zimbabwe because it would take a billion coins to buy a soda!

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Originally posted by mochiron
well done. looks like paper is a scarce product in Zimbabwe..
The paper is worth more than the money, no matter how many zeros they put on it. Sad.

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Originally posted by Sam The Sham
The paper is worth more than the money, no matter how many zeros they put on it. Sad.
Very sad indeed. And remember that this poor land was once a thriving economy under the control of competent people who happened to be of the wrong colour!

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Originally posted by moho
Very sad indeed. And remember that this poor land was once a thriving economy under the control of competent people who happened to be of the wrong colour!
This is the problem when you redistribute the land in the name of social justice. Zimbabwe used to be one of the few food exporters in Africa -- now look at it: It's an economic basket case where famine is a very real possibility.

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Originally posted by Sam The Sham
The paper is worth more than the money, no matter how many zeros they put on it. Sad.
Ironically, the German company that was supplying the blank bank notes to Zimbabwe has a history of dealing with hyperinflation -- it was the same company that provided all the paper for the German government during its own battle with hyperinflation during the 1920s.

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Originally posted by der schwarze Ritter
This is the problem when you redistribute the land in the name of social justice. Zimbabwe used to be one of the few food exporters in Africa -- now look at it: It's an economic basket case where famine is a very real possibility.
Uh, the problem has nothing to do with social justice.

You have an idiot leader. Quit bashing socialism and bash the leader instead.

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Originally posted by uzless
Uh, the problem has nothing to do with social justice.

You have an idiot leader. Quit bashing socialism and bash the leader instead.
The one leads to the other.

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I got a terrific idea, print the money on toilet paper and issue it by the roll, then they have a choice, either spend it or if the next weeks inflation makes it worthless they can still find a use for it.

Problem...solved !

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Originally posted by der schwarze Ritter
This is the problem when you redistribute the land in the name of social justice. Zimbabwe used to be one of the few food exporters in Africa -- now look at it: It's an economic basket case where famine is a very real possibility.
You have hit upon and adequately described the absolute evil of absolute "equality" when it is enforced as government policy, by an armed force of true believers. This thread contains all the information a citizen of earth needs in order to make political judgments in the twenty-first century.

Communism sucks. I enjoy your posts.

Liberty before Equality! For without liberty, equality is tyranny – and all people become lessened and enslaved to notions born of kindness, but made evil by zealots! svw

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Originally posted by moho
The one leads to the other.
No it doesn't.


Corrupt people disrupt the system. Capitalism would run fine too but corrupt people have thrown that system out of whack too.

As with most things, PEOPLE are the problem.

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Originally posted by uzless
No it doesn't.


Corrupt people disrupt the system. Capitalism would run fine too but corrupt people have thrown that system out of whack too.

As with most things, PEOPLE are the problem.
I agree. We need more furnaces. Damn those "people" anyway.

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Originally posted by der schwarze Ritter
This is the problem when you redistribute the land in the name of social justice. Zimbabwe used to be one of the few food exporters in Africa -- now look at it: It's an economic basket case where famine is a very real possibility.
Famine isn't a possibility, it's happening. Has been for some time.

http://www.guardian.co.uk/world/2002/nov/10/zimbabwe.famine