(RCSD) In Zim the zeroes are back.

Despite removing ten zeroes in August,
the hyperinflation continues.

Zimbabwe dollar crashes to all time low

http://www.swradioafrica.com

By Tichaona Sibanda
11 November 2008

The country's currency plunged to a new
record low on Monday, trading at an
average Z$28,4 quadrillion to the U.S. dollar
and triggering massive price increases.

Analysts said the latest rapid weakening
of the currency was being driven by
SADC's ruling on the impasse between
ZANU PF and the MDC. A huge demand for
hard currency has also contributed to this
massive financial crash.

Prices of basic goods, most of which are
now imported, have gone up sharply
since the disputed March 29 election in
which Mugabe's ZANU-PF lost its parliamentary
majority for the first time in 28 years.

The hyperinflation is now estimated at
over a quintillion percent, although no one
really knows.

Most Zimbabweans are switching to barter
and the Zim dollar is virtually useless. The
South African rand and the US dollar are
now the most common forms of currency.
For the many who are unable to access
forex, this means they will be unable to survive.

Our Harare correspondent Simon Muchemwa
told us recently that purses and wallets
have become redundant; people are now
using shopping bags, suitcases, sacks and
other large containers to carry cash.

Bank tellers are hidden from view by huge
piles of the increasingly worthless currency.
Nearly all businesses have stopped accepting
cheques for payment - creating an absolute
nightmare for everyone, because of the
absurd cash withdrawal limits at the banks.

And because of the SADC ruling, there
seems to be no end in sight to the nightmare.

Blair

On Wed, 12 Nov 2008 19:41:11 -0800 (PST), "Blair (TC)"
wrote:

Despite removing ten zeroes in August,
the hyperinflation continues.

Zimbabwe dollar crashes to all time low

http://www.swradioafrica.com


The Zim people are suffering because of one man's hold on the country.
The only way to change this is to remove Mugabe from office. It
doesn't matter who gets elected, as long as he's out.

Further, they are risking more because they may be siding with the
rebels against the DRC (Congo-Kinshasa). This is exactly what the Zim
people need - excruciating inflation and a war on top of it.

Wonderful...


By Tichaona Sibanda
11 November 2008

The country's currency plunged to a new
record low on Monday, trading at an
average Z$28,4 quadrillion to the U.S. dollar
and triggering massive price increases.

Analysts said the latest rapid weakening
of the currency was being driven by
SADC's ruling on the impasse between
ZANU PF and the MDC. A huge demand for
hard currency has also contributed to this
massive financial crash.

Prices of basic goods, most of which are
now imported, have gone up sharply
since the disputed March 29 election in
which Mugabe's ZANU-PF lost its parliamentary
majority for the first time in 28 years.

The hyperinflation is now estimated at
over a quintillion percent, although no one
really knows.

Most Zimbabweans are switching to barter
and the Zim dollar is virtually useless. The
South African rand and the US dollar are
now the most common forms of currency.
For the many who are unable to access
forex, this means they will be unable to survive.

Our Harare correspondent Simon Muchemwa
told us recently that purses and wallets
have become redundant; people are now
using shopping bags, suitcases, sacks and
other large containers to carry cash.

Bank tellers are hidden from view by huge
piles of the increasingly worthless currency.
Nearly all businesses have stopped accepting
cheques for payment - creating an absolute
nightmare for everyone, because of the
absurd cash withdrawal limits at the banks.

And because of the SADC ruling, there
seems to be no end in sight to the nightmare.

Blair

wrote in message
...
On Wed, 12 Nov 2008 19:41:11 -0800 (PST), "Blair (TC)"
wrote:

Despite removing ten zeroes in August,
the hyperinflation continues.

Zimbabwe dollar crashes to all time low

http://www.swradioafrica.com

The Zim people are suffering because of one man's hold on the country.
The only way to change this is to remove Mugabe from office. It
doesn't matter who gets elected, as long as he's out.

This is a necessary but not a sufficient condition. The solution is freedom,
which means also a free market economy.

Just to mention that when I was younger, in Romania, I often heard from some
acquaintances that if the dictator Ceausescu were removed, everything would
be OK. Ceausescu was removed one day but it took a lot of time till the
things went better (when the country become freer too).

--
Victor Manta

----------------------------------------------------------------------------
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----------------------------------------------------------------------------

On Thu, 13 Nov 2008 15:46:09 +0100, "Victor Manta"
wrote:

wrote in message
.. .
On Wed, 12 Nov 2008 19:41:11 -0800 (PST), "Blair (TC)"
wrote:

Despite removing ten zeroes in August,
the hyperinflation continues.

Zimbabwe dollar crashes to all time low

http://www.swradioafrica.com

The Zim people are suffering because of one man's hold on the country.
The only way to change this is to remove Mugabe from office. It
doesn't matter who gets elected, as long as he's out.

This is a necessary but not a sufficient condition. The solution is freedom,
which means also a free market economy.

Mugabe doesn't want to give that up. I don't need to make that up -
I've read what has happened to his opposition, including Tsvangirai.
Not that the new guy will change things in a week. That just won't
happen. It's like bowling and you only knock down 1 pin - you have 9
to go.

Just to mention that when I was younger, in Romania, I often heard from some
acquaintances that if the dictator Ceausescu were removed, everything would
be OK. Ceausescu was removed one day but it took a lot of time till the
things went better (when the country become freer too).

Ceausescu was a despot. A day without him in office is like night and
day. :^)

I once was naive, but no longer. The same goes for Obama. I can see
him doing great things for my country, but we have to see him do them.
It'll take a little longer than the 6 weeks he has to wait to get into
office before things happen here.

He stands on the brink of a position which can bring about SERIOUS
change. Whether he's a token black man, a green woman from Venus, or
a squid from Jupiter, it takes time to get things done.

Unfortunately for the Zim, time may be running out. I surely hope
they don't try to attack south or east Congo. We'd have another war
on our hands. Maybe this time the world will help.

On Thu, 13 Nov 2008 08:52:39 -0800, Sir F. A. Rien
wrote:

found these unused words:

On Wed, 12 Nov 2008 19:41:11 -0800 (PST), "Blair (TC)"
wrote:

Despite removing ten zeroes in August,
the hyperinflation continues.

Zimbabwe dollar crashes to all time low

http://www.swradioafrica.com


The Zim people are suffering because of one man's hold on the country.
The only way to change this is to remove Mugabe from office. It
doesn't matter who gets elected, as long as he's out.

Further, they are risking more because they may be siding with the
rebels against the DRC (Congo-Kinshasa). This is exactly what the Zim
people need - excruciating inflation and a war on top of it.

Wonderful...


Hey, it worked for Germany!

Ahem... Shirley, you jest.

All the Zim's have to do is lose the war, then the world will pour aid in
and they'll be 'top dog' again!

Sorry. World aid is not coming until conditions are met. Even the
forgiving World Bank and International Monetary Fund get duped so many
times. Oh, yes, there's interest involved and the Zims could always
print extra wallpaper. I have a feeling WB and IMF want hard currency
instead of recycled toilet paper. :^)

On Thu, 13 Nov 2008 16:08:55 -0800, Sir F. A. Rien
wrote:

found these unused words:

On Thu, 13 Nov 2008 15:46:09 +0100, "Victor Manta"
wrote:

wrote in message
...
On Wed, 12 Nov 2008 19:41:11 -0800 (PST), "Blair (TC)"
wrote:

Despite removing ten zeroes in August,
the hyperinflation continues.

Zimbabwe dollar crashes to all time low

http://www.swradioafrica.com

The Zim people are suffering because of one man's hold on the country.
The only way to change this is to remove Mugabe from office. It
doesn't matter who gets elected, as long as he's out.

This is a necessary but not a sufficient condition. The solution is freedom,
which means also a free market economy.

Mugabe doesn't want to give that up. I don't need to make that up -
I've read what has happened to his opposition, including Tsvangirai.
Not that the new guy will change things in a week. That just won't
happen. It's like bowling and you only knock down 1 pin - you have 9
to go.

Just to mention that when I was younger, in Romania, I often heard from some
acquaintances that if the dictator Ceausescu were removed, everything would
be OK. Ceausescu was removed one day but it took a lot of time till the
things went better (when the country become freer too).

Ceausescu was a despot. A day without him in office is like night and
day. :^)

I once was naive, but no longer. The same goes for Obama. I can see
him doing great things for my country, but we have to see him do them.
It'll take a little longer than the 6 weeks he has to wait to get into
office before things happen here.

He stands on the brink of a position which can bring about SERIOUS
change. Whether he's a token black man, a green woman from Venus, or
a squid from Jupiter, it takes time to get things done.

Unfortunately for the Zim, time may be running out. I surely hope
they don't try to attack south or east Congo. We'd have another war
on our hands. Maybe this time the world will help.

... and don't forget ... things are set in motion months even years before.
Some happenings [mortgage banking collapse] stems back a decade or more!

Oh, yeah... Clinton almost had us on top and working to drill down
that national debt. Bush piled it back up and I am embarrassed to
have voted for him.

Some get the 'benefit' of careful planning by the previous administration,
some inherit a mess and thay may not see the results of trying to get back
on track within their 'time'.

Obama has a HUGE challenge laying ahead. In more than 1 way, I must
add... I certainly hope he isn't cut down before his natural
expiration date.

It's why Truman is now highly regarded and Carter is seen to have been a
fool.

Yes, Carter was suckered in the Iran affair. They waited until Reagan
got in office before releasing the hostages.

I have to give Carter kudos in his worldwide effort to help out where
he can since then. I don't believe his name should be as tarnished as
it was back then.

On Thu, 13 Nov 2008 16:10:56 -0800, Sir F. A. Rien
wrote:

found these unused words:

On Thu, 13 Nov 2008 08:52:39 -0800, Sir F. A. Rien
wrote:

found these unused words:

On Wed, 12 Nov 2008 19:41:11 -0800 (PST), "Blair (TC)"
wrote:

Despite removing ten zeroes in August,
the hyperinflation continues.

Zimbabwe dollar crashes to all time low

http://www.swradioafrica.com


The Zim people are suffering because of one man's hold on the country.
The only way to change this is to remove Mugabe from office. It
doesn't matter who gets elected, as long as he's out.

Further, they are risking more because they may be siding with the
rebels against the DRC (Congo-Kinshasa). This is exactly what the Zim
people need - excruciating inflation and a war on top of it.

Wonderful...


Hey, it worked for Germany!

Ahem... Shirley, you jest.

Nein!

Achtung!

All the Zim's have to do is lose the war, then the world will pour aid in
and they'll be 'top dog' again!

Sorry. World aid is not coming until conditions are met. Even the
forgiving World Bank and International Monetary Fund get duped so many
times. Oh, yes, there's interest involved and the Zims could always
print extra wallpaper. I have a feeling WB and IMF want hard currency
instead of recycled toilet paper. :^)

Just the same 'conditions' with West Germany after WWII ... It's actually a
better exonomy now than before Hitler - and better than the US is now.

But the Euro is slipping a little, is it not?

Hey, can we 'lose' the Iraq war and get rebuilding aid?

Heh!

wrote in message
...
On Thu, 13 Nov 2008 15:46:09 +0100, "Victor Manta"
wrote:

wrote in message
. ..
On Wed, 12 Nov 2008 19:41:11 -0800 (PST), "Blair (TC)"
wrote:

Despite removing ten zeroes in August,
the hyperinflation continues.

Zimbabwe dollar crashes to all time low

http://www.swradioafrica.com

The Zim people are suffering because of one man's hold on the country.
The only way to change this is to remove Mugabe from office. It
doesn't matter who gets elected, as long as he's out.

This is a necessary but not a sufficient condition. The solution is
freedom,
which means also a free market economy.

Mugabe doesn't want to give that up. I don't need to make that up -
I've read what has happened to his opposition, including Tsvangirai.
Not that the new guy will change things in a week. That just won't
happen. It's like bowling and you only knock down 1 pin - you have 9
to go.

Just to mention that when I was younger, in Romania, I often heard from
some
acquaintances that if the dictator Ceausescu were removed, everything
would
be OK. Ceausescu was removed one day but it took a lot of time till the
things went better (when the country become freer too).

Ceausescu was a despot. A day without him in office is like night and
day. :^)

I once was naive, but no longer. The same goes for Obama. snip for
brevity

Naive or not, the common denominator for Mr. Mugabe and Ceasusescu is their
socialism. Because you don't dispute the fact that both were (Mr. Mugabe
still is but I hope that we will soon speak about him in the past tense) bad
for their countries, the conclusion is obvious.

Mr. Obama as President is an unwritten book, so I can wait till he becomes
history in order to comment here (on his US stamp).

--
Victor Manta

----------------------------------------------------------------------------
Philatelic Webmasters Organization: http://pwmo.org/
Art on Stamps: http://artonstamps.org/
Romania by Stamps: http://marci-postale.com/
Communism on Stamps: http://reds-on.postalstamps.biz/
Spanish North Africa: http://www.sna-on.postalstamps.biz/
----------------------------------------------------------------------------

On Fri, 14 Nov 2008 12:46:34 +0100, "Victor Manta"
wrote:

wrote in message
.. .
On Thu, 13 Nov 2008 15:46:09 +0100, "Victor Manta"
wrote:

wrote in message
...
On Wed, 12 Nov 2008 19:41:11 -0800 (PST), "Blair (TC)"
wrote:

Despite removing ten zeroes in August,
the hyperinflation continues.

Zimbabwe dollar crashes to all time low

http://www.swradioafrica.com

The Zim people are suffering because of one man's hold on the country.
The only way to change this is to remove Mugabe from office. It
doesn't matter who gets elected, as long as he's out.

This is a necessary but not a sufficient condition. The solution is
freedom,
which means also a free market economy.

Mugabe doesn't want to give that up. I don't need to make that up -
I've read what has happened to his opposition, including Tsvangirai.
Not that the new guy will change things in a week. That just won't
happen. It's like bowling and you only knock down 1 pin - you have 9
to go.

Just to mention that when I was younger, in Romania, I often heard from
some
acquaintances that if the dictator Ceausescu were removed, everything
would
be OK. Ceausescu was removed one day but it took a lot of time till the
things went better (when the country become freer too).

Ceausescu was a despot. A day without him in office is like night and
day. :^)

I once was naive, but no longer. The same goes for Obama. snip for
brevity

Naive or not, the common denominator for Mr. Mugabe and Ceasusescu is their
socialism. Because you don't dispute the fact that both were (Mr. Mugabe
still is but I hope that we will soon speak about him in the past tense) bad
for their countries, the conclusion is obvious.

Just because someone is a socialist doesn't mean they are associated
with the "bad" socialists. I speak of socialist medicine in Canada,
Mitterand in France and others. Are these despot type things?

Whatever party Mugabe is - it is not working for the people. I don't
need to dispute part politics, I've already stated that Mugabe had to
go - and have said that the first time Blair posted about the Zim
inflation. My stance is the same.

He has to go.

Mr. Obama as President is an unwritten book, so I can wait till he becomes
history in order to comment here (on his US stamp).

He's already a folk hero on illegal stamps. :^)

On Fri, 14 Nov 2008 08:03:22 -0800, Sir F. A. Rien
wrote:

found these unused words:

On Thu, 13 Nov 2008 16:08:55 -0800, Sir F. A. Rien
wrote:

found these unused words:

On Thu, 13 Nov 2008 15:46:09 +0100, "Victor Manta"
wrote:

wrote in message
om...
On Wed, 12 Nov 2008 19:41:11 -0800 (PST), "Blair (TC)"
wrote:

Despite removing ten zeroes in August,
the hyperinflation continues.

Zimbabwe dollar crashes to all time low

http://www.swradioafrica.com

The Zim people are suffering because of one man's hold on the country.
The only way to change this is to remove Mugabe from office. It
doesn't matter who gets elected, as long as he's out.

This is a necessary but not a sufficient condition. The solution is freedom,
which means also a free market economy.

Mugabe doesn't want to give that up. I don't need to make that up -
I've read what has happened to his opposition, including Tsvangirai.
Not that the new guy will change things in a week. That just won't
happen. It's like bowling and you only knock down 1 pin - you have 9
to go.

Just to mention that when I was younger, in Romania, I often heard from some
acquaintances that if the dictator Ceausescu were removed, everything would
be OK. Ceausescu was removed one day but it took a lot of time till the
things went better (when the country become freer too).

Ceausescu was a despot. A day without him in office is like night and
day. :^)

I once was naive, but no longer. The same goes for Obama. I can see
him doing great things for my country, but we have to see him do them.
It'll take a little longer than the 6 weeks he has to wait to get into
office before things happen here.

He stands on the brink of a position which can bring about SERIOUS
change. Whether he's a token black man, a green woman from Venus, or
a squid from Jupiter, it takes time to get things done.

Unfortunately for the Zim, time may be running out. I surely hope
they don't try to attack south or east Congo. We'd have another war
on our hands. Maybe this time the world will help.

... and don't forget ... things are set in motion months even years before.
Some happenings [mortgage banking collapse] stems back a decade or more!

Oh, yeah... Clinton almost had us on top and working to drill down
that national debt. Bush piled it back up and I am embarrassed to
have voted for him.

That's what I mean, "Clinton's" debt reduction was the result of policies
started with Reagan and Dada Bush ... ! He 'reaped' the benefits. Bush Jr.
is seeing the fall out from Clintons 'great society' decision that loans
must be made to everybody - regardless of ability to pay or value of
security!

Our system is such that years have to pass to 'see' many results from
legislation.

Some get the 'benefit' of careful planning by the previous administration,
some inherit a mess and thay may not see the results of trying to get back
on track within their 'time'.

Obama has a HUGE challenge laying ahead. In more than 1 way, I must
add... I certainly hope he isn't cut down before his natural
expiration date.

It's why Truman is now highly regarded and Carter is seen to have been a
fool.

Yes, Carter was suckered in the Iran affair. They waited until Reagan
got in office before releasing the hostages.

I have to give Carter kudos in his worldwide effort to help out where
he can since then. I don't believe his name should be as tarnished as
it was back then.

By many other countries, his 'worldwide effort' is seen to be useless
interference - they're they ones laughing at him!

Is that your opinion or do you have quotes... :^)