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The Investment Case for Zimbabwe & Other Links

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Tue, 11/10/2009 - 14:25 | 126038 Anonymous
Anonymous's picture

If the 90's were accidentally good for both the Banksters and the
consumer, it was because Baby Boomers were young enough and
strong enough to swim upstream.

If Japan defaults, it will be largely to itself. The rest of
the world will go "Aw s^&%t", but worldwide it won't have the impact.
GB will probably give up and drop the Pound for the Euro.

There are enough clever minds around NY and Washington, that I'm not sure we will know if the Dollar defaults.

I think the dollar Index at 40 would be good for me.
I could compete with Chinese sewers producing Tilapia.

Tue, 11/10/2009 - 12:39 | 125886 Zontar
Zontar's picture

You can make a lot of money investing in Zimbabwe if things just go from $hitty  to bad.

``Here in Zimbabwe we had our near-bank failures a few years ago and we responded by providing the affected Banks with the Troubled Bank Fund (TBF) for which we were heavily criticized even by some multi-lateral institutions who today are silent when the Central Banks of UK and USA are going the same way and doing the same thing under very similar circumstances thereby continuing the unfortunate hypocrisy that what’s good for goose is not good for the gander. Dr. G. Gono

http://www.rbz.co.zw/pdfs/2008%20MPS/AprilMPS2008.pdf

Tue, 11/10/2009 - 12:27 | 125865 hidingfromhelis
hidingfromhelis's picture

Damn. Well there goes that idea. The Zimbabwe dollar is dead and now US dollars are the only currency accepted. Now if the dollar gets completely debased they may have to go back to the local currency. Apparently there is no way for Zimbabwe to escape hyperinflation.

 

Out of the frying pan & into the fire?

Tue, 11/10/2009 - 11:49 | 125802 SWRichmond
SWRichmond's picture

Harare's stock exchange is humming again. Volume has increased 20-fold, all now in US dollars…They say that Africa is the leveraged way to play China. If so, Zimbabwe is the leveraged way to play Africa. For brave investors, it is the ultimate rebound story.

Talk about irony piled on top of irony.  The fact that the whole "rebound" is based on USD and is touted as a way to play China.  You can't make this shit up.

Tue, 11/10/2009 - 11:36 | 125782 Crisismode
Crisismode's picture

"Now, even people who give billions to charity are criticized as if they were banksters."

And just how did they acquire those billions in the first place?!?!?

"Behind every great fortune is a great crime."

-- Balzac

Tue, 11/10/2009 - 11:11 | 125758 anynonmous
Tue, 11/10/2009 - 11:04 | 125750 JamesBrrando
Tue, 11/10/2009 - 05:28 | 125652 Gordon_Gekko
Gordon_Gekko's picture

"In other words, he is a capitalist through and through."

I knew Buffet-bugs would use this type of defense. Well, there is nothing wrong with being a capitalist and/or taking advantage of whatever comes your way by hook or by crook - the problem is that the guy is a HYPOCRITE. For example, don't come out and say that higher taxes is what we need when you yourself are trying to avoid them using any and every ethical and unethical means possible.

Tue, 11/10/2009 - 11:04 | 125751 whydtinogo
whydtinogo's picture

I'd agree - don't forget that General Re and Jain were up to their necks in the dodgy AIG insurance trades that Buffy "knew nothing about". I bet he didn't sneak a peak at his wife and her "friend in comfortable shoes" going at it either! 

Tue, 11/10/2009 - 11:09 | 125738 Daedal
Daedal's picture

Gekko,

I take it you weren't the guy who paid $600k for a dinner with Buffet?

Buffet is a fool. No, seriously. He may be able to understand how companies work, but beyond that he knows nothing. His father, on the other hand, was a genius. Must Read: http://www.garynorth.com/public/977.cfm

It seems that saying about distance covered by falling apples is false.

Tue, 11/10/2009 - 09:36 | 125702 Jim B
Jim B's picture

+1

"It’s amazing how many Buffet haters come out of the woodwork whenever he makes a major investment. Recently people have harped on the fact that many of the companies Buffet has invested in (both of late and in the past)—Goldman Sachs, GE, Wells Fargo, American Express—have received some form of government bailout of subsidy."

I actually have contempt for Buffet because he takes the stakes in the companies you list above and only "then" comes out shilling for the bailout.  I would say a bit self-serving?  I actually have more contempt for the press parroting the Buffet bailout shill as though he was a completely objective financial genius.  Lastly, he bitches about people not paying enough taxes while he shelters his massive wealth.

PS.  What a guy, let the lackey taxpayers make my bet golden.....

Tue, 11/10/2009 - 05:31 | 125654 Fibozachi
Fibozachi's picture

Here here GG ! How's filming so far ?

Tue, 11/10/2009 - 05:19 | 125649 Fibozachi
Fibozachi's picture

Awesome teaser.  Only possible complaint is that ya took some of my thunder for an upcoming piece on Buffett and alternation.  Great piece ii !

Mark me down for 20 that only Britain defaults, another 50 that at least 3 if not all 4 of the PIGS go first and another 100 that Eastern Europe will be the powderkeg for it all, yet again, in WW III, whose swath of carnage will be measured in price per square footage rather than blast radius mileage.

Tue, 11/10/2009 - 05:17 | 125648 Gordon_Gekko
Gordon_Gekko's picture

"Now if the dollar gets completely debased they may have to go back to the local currency. Apparently there is no way for Zimbabwe to escape hyperinflation."

(ROTFLMFAO)^2

Tue, 11/10/2009 - 03:38 | 125632 Apocalypse Now
Apocalypse Now's picture

Yes, Japan or the UK before the US on any default - if they default first the dollar will strengthen in a flight to quality (military quality).  In the event of another war in South America (Venezuela) or Iran there is also a possibility of a flight to security in North America).  The money center in London influences much of the US through corporation and banking ownership - it is the owners of the central banks that will ultimately determine exchange rates.  I would agree, the UK doesn't seem to have much of an industrial or service industry other than finance.

Think about products people buy all around the world - how many of those items are products of US intellectual property?  Many of the US international companies have a significant presence and market share of the emerging markets/BRIC.  The US dollar is backed by the US military with bases in most countries as well as significant brands like Apple/IPOD, Google, Coca Cola, Microsoft, GE, and the Hollywood complex.  The US has plenty of land to expand and grow over the next 100 years while a significant portion of Europe is built out.

The derivatives complex is a lever that can be used to get whatever exchange rate is desired across the central banks owned by the same families- we will only collapse if the international bankers want it to collapse (gold might be the only random variable game changer for them).  Because the US is the military-industrial arm of the bankers, there will be no complete collapse - also remember there are more decendents of Abraham in the US than in Israel, and this bodes well for our country survival due to world wide central bank ownership.  Japan and India are also important for containing Russia & China.

In a deflationary depression scenario, the lowest cost producer with marginal quality will win in every industry.  Railroads, Wal-mart, etc. with the lowest cost base and economies of scale will win in deflation.

The moral contagion issue is one of the reasons we had a financial crisis.  This is the same issue we had with the banks as one CEO decided to sell garbage MBS rated AAA and that forced every other bank CEO to do the same thing because the analysts ask, "Why is company X doing so well, and you are doing so poorly in relative performance?".  Lack of regulatory oversight in combination with just one large corporation that consciously decides to cut corners - drives most of the other companies to follow the "leader".

Tue, 11/10/2009 - 15:04 | 126097 Uros Slokar
Uros Slokar's picture

I have heard the comment about family ownership of Central Banks, and having read Niall Ferguson's thousand page tome on the Rothchilds, it certainly seems like control and/or capture of central banks could be a possibility, if not a probability. That said, I am just wondering if you, or anyone here, could direct me to a definitive article/research/book the clearly and convincingly lays out who owns the Central Banks. As it no doubt flows though numerous complex stock/trusts/offshore companies/foundations, etc., such a work would no doubt be quite an undertaking. Nonetheless, if anyone is up to the task I presume it's Zero Hedge et. al.

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