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At least Ben and Timmy have a blueprint for our future.
This makes sense ... wood is needed everywhere
I was just about to buy a plane ticket when I saw the January 06, 2008 date stamp. Interesting action in the `pit`. A real Squid sleeper cell.
Thanks for sharing and keep up the good work..
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Looking at the Timber Land Financials Zimbabwe's economy is doing fantastic if you are living in Alice's Wonderland.
Country was better off as Rhodesia before they started killing all the whitey's. Wierd world that is for sure.
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Was paradise. Ride horses, shoot communists with machine guns.
It's much better now, eat your dog get shot by the government with machine guns.
What do you call a black person who votes? A communist.
Obama no longer warrants my respect of calling him MR. President. I now just call him Mr. Obama.
Story was 2 years ago.
Also, this link seem pertinent:
Question: If Zim stock market maintains value in us dollars, what constant currency will we be able to compare the inflating dow to?
Michael it is now, Mr Nobel Prize Winner Obama. What are the latest odds on him winning the Heisman?
Winning? Don't you mean defecating on or defiling?
It's the fault of the Nobel committee. Plain and simple. They got hustled by the looooooong legged Mac Daddy.
"So you want to use your statue as a tool?" I'll show you a fucking tool. Suck on this, Dyn-O-Mite!!
http://www.youtube.com/watch?v=7DG-pNt5fus (15 sec)
"buying low and hoping to sell high when the economy improves"...FAIL!
I wonder how the brokers managed to save their hard earned wealth... did they too invest in the stock market or buy gold?
Disclaimer : have a friend that has been in Zimbabwe in the last 12 months and brought me 5 billion Z. dollar bill. Probably worth 1 usd today...
I see you are already invested in Z
I just bought two new 5 trillion dollar Zimbabwe notes on Ebay for 5 bucks and they threw in two 10 billion dollars notes for free
I have a 100 Trillion Z. dollar bill. I got some 10Ts, 50Ts, and 100Ts off off Ebay and passed them around to friends.
lol...it reminds me of when i went to Turkey about 10 years ago...the bills had all those zeros on them, it was hard to keep them straight. "Is that a million...no, just a hundred thousand." The lira inflation was so bad the exchange rate had changed noticeably by the time we left our weeklong vacation.
We found it amusing and were thankful we didn't live in such a backwards economy.
Awesome!! I'm looking into some Iraq shares that I can scoop up. Adding Zimbabwe to my buy list.
Mark my words. This will be like Russian market in the last 10 years. Despite nearly 3 rounds of hyper inflation, Russian market had one of the best performances.
As Monetary Authorities, we have been humbled and have taken heart in the realization that some leading Central Banks, including those in the USA and the UK, are now not just talking of, but also actually implementing flexible and pragmatic central bank support programmes where these are deemed necessary in their National interests.
..That is precisely the path that we began over 4 years ago in pursuit of our national interest and we have not wavered on that critical path despite the untold misunderstanding, vilification, and demonization we have endured from across the political divide.
...As Monetary Authorities, we commend those of our peers, the world over, who have now seen the light on the need for the adoption of flexible and practical interventions and support to key sectors of the economy when faced with unusual circumstances.
Hugs and Kisses,
Dr. G. Gono, Chairman of the Reserve Bank of Zimbabwe
The "Hugs and Kisses" was a nice touch.
Makes sense - Timmy grew up in zimbabwe for a few years. (That was before working for kissinger and associates.) Look it up in wikipedia.
Y'all are SO unfair... President Mugabe has made everyone a multi-billionaire. Not even The Great Beige Hope and his Goldmanite minions can make that claim (yet). Americans are still at the 'cuddling' stage with respect to monetary malfeasance, but it will end up the way all other monetary chicanery (since Diocletian) has - with the populace getting a great big Dirty Sanchez.
Must dash - I have to wire some money to Lagos so that my Nigerian friends can send me a cheque for TWENTY SIX MILLIONS DOLLARS ($26,000,000).
Seriously though: by the end of the 20th century Africa will be a powerhouse (think India and China now) and the US will be like Argentina (which was near the top of the tree in 1901).
Africa's going Back to the Future, eh. Now there's a black swan for you.
Has anyone started a Zimbabwe ETF yet?
Everyone talks about Zimbabwe hyperinflation in US. I understand the Bernankster has gone crazy with the printing, but here's one thing I'm trying to get a handle on:
Zimbabwe had/has structural problems. Eg, they confiscated land from commercial farmers, harming the food production chain and causing shortages. So prices rise and there's limited inventory on store shelves. Mugabe comes in with price controls, which make things only worse and prices jump more. More money is needed in the system and money is printed. The hyperinflation begins ... In other words, it's economic mismanagement that triggered the hyperinflation.
I don't see economic mismanagement and shortages (at least in the "real"/non-financial economy) in the US. I can't imagine a Cargill, Fedex or Wal-Mart getting sloppy.
So is Zimbabwe an appropriate comparison?
BS. Zimbabwe's problems started when the IMF demanded repayment and the Brits and Americans embargoed them. How are you supposed to run an economy when you can't import or export? The country is very rich in precious metals and has tons of agricultural potential. The industrial sector completely ignores the government and profits without paying any taxes. Smuggling is extensive, and everything is sold on the black market for US dollars.
Land repatriation is the future for all African/colonized nations, that's why they had to slam Zim extra hard for it. If someone took your homeland away, you would fight to get it back too.
I think we've had different sorts of economic mismanagement here, via taxation and regulation and indirectly via monetary policy. Granted, maybe not as draconian as outright widespread property confiscation though.
But look at our huge outsourcing of manufacturing, the creeping scope of government involvement in nearly every industry and in every aspect of economic life, the total absence of new credit, no savings, low exports/ high imports, executive wages being capped, the government took over GM for pete's sake...I think there's plenty of mismanagement that spreads beyond the financial industry and monetary policy.
I think saying we're on a parallel with Zimbabwe is a little exaggerated, but Z is supposed to be telling us exactly what not to do, not be something we can look at and say "oh, we won't make those mistakes."
Isnt that the whole point of hyperinflation - to make the banks shorting the currency a lot of money. Come on. Its a ramp.
Banks are in the business of lending money. Their largest asset is their loan book. Have a think about what happens to people who have lent money when there is hyper-inflation. Think about the outcome for people who were borrowers. You would thi....
Hey what the hell, I'm gonna join in: ZOMG GOLDMAN SACHS IS MAKING INFLAITONSZ TO AKE OVER WORLD WITH BEN BERNAKE AND NWO AND HOLLYWOOD HOGAN BUT I AM BEHIND 5 PROXIES etc etc
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