Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport

Tyler Durden's picture

Zimbabwe's hyperinflation, courtesy of one Gideon Gono - the brilliant man behind such grand monetary experiments as QE and its offshoots throughout the developed world - and numerous one hundred trillion dollar Zimbabwe dollar bills, may have come and gone, and the country may no longer have a functioning currency of its own, but it certainly has the aftermath of the most recent episode of modern-era monetary hyperinflation to contend with. And with the holidays here, AP provides a very bleak snapshot of what the country which currently has an 80% unemployment, has to look forward to. Zimbabweans are facing bleak holidays this year amid rising poverty, food and cash shortages and political uncertainty, with some describing it as the worst since the formation of the coalition government in the southern African nation.... Banks have closed, ATMs have run out of cash and transport services have been paralyzed." It gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with many people in Harare, the capital, eking out a living by selling vegetables and fruits on street corners." And all of this is after the massive economic imbalances in Zimbabwe's economy should have been "fixed" (or so conventional economic theory would have one believe) courtesy of hyperinflation, which left any savers in tatters, destroyed the value of the old currency, benefited solely debtors  but also allowed a fresh start to a government, which could only remain in power due to a violent power grab by the democratically elected-turned-dictator Robert Mugabe.

What else do all those countries (all of them) engaged in a wholesale currency destruction have to look forward to? AP explains:

Matthew Kapirima, 60, waits outside a busy supermarket for customers to buy his boxes of weather-beaten peaches and litchis for $10 each.


But holiday shoppers go about their business without even giving him a second glance. Kapirima has not sold any fruit in days and with a day left before Christmas, he said has to concede that he won't be able to provide his family with food and new clothes this year.


"This is the worst Christmas ever," Kapirima told The Associated Press. Kapirima has four wives and 25 children living in the rural areas, but all he has managed to get them this Christmas is a 40-kilogram (88 pound) bag of maize seed to plant on his small-sized family plot in Mudzi.


* * *


Food shortages are "worse" this year compared to the last three years due to drought and constrained access to cash to buy seed and fertilizer for rural farmers, said World Food Program Zimbabwe country director Felix Bamezon. Bamezon said the Zimbabwe government for the first time has assisted by providing grain to give to starving communities in rural areas.


"This is good because they don't interfere to tell us which people to give the food to," he said.


The World Food Program has been donating hampers of 10 kilograms (22 pounds) of cereal, vegetable oil and mixed beans to each person in qualifying households every month since September.


For those who live in areas where there are grain traders, WFP gives out $3 per person in a household to buy the grain from traders instead of the food hampers.


An average household has five people, making it $15 for a family to spend for Christmas.


Bamezon also said their organization helps vulnerable communities by engaging them in "food for work" projects where people work to get food during the time they are not provided food assistance.

"Food for work" projects - remember that...

Naturally, creative solutions to deal with the endless misery have emerged, such as no longer eating, and of course forcing your children into prostitution:

Rural communities have come up with coping mechanisms such as cutting down the number of meals a day from three to one and selling their prized livestock, furniture and household goods. Bamezon said he had heard reports that some young girls are given away to elderly men for early marriages.


The U.N.'s childrens agency, UNICEF, has in previous research this year noted that girls and young women have been pressured by destitute families to solicit as prostitutes in bars and shopping areas.


In the troubled economy, money is not trickling down from the nation's urban elite, who own luxury cars and mansions, to the urban and rural poor.

Can't they just raise the taxes on the nation's "urban elite?" Problem solved.

In summary: "Life is getting harder in this country," said fruit vendor Kaparima. "There is nothing to celebrate this Christmas."

Truly, there is so much to look forward to when the coordinate global attempt at wholesale currency devaluation finally succeeds.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Freddie's picture

When dear mullah was "elected" by rigged elections - I was worried he would be the next Mugabe.  Sadly - I  was 100% correct.

F TV and F Hollywood because they fully support him and they want (tax paying) Americans disarmed.

cossack55's picture


 If you have an extra 90 minutes over the holidays, youtube has RESONANCE  Beings of Frequency available for viewing.  Won CPFF Best Documentary in 2012.

It tied together some things I have been following thru the years and may help explain much of what is "wrong" today.  Beyond doubt the best documentary I have ever seen.

Sorry for the OT, but I believe it to be THAT important.

BTW, I am not the producer and have no vested interest.  Just draw your own conclusions.


Very important for all true space monkeys.

Thx Cos.

I'll see your resonance and raise you a resonance.

Global Hunter's picture


that link for that movie RESONANCE is the the second best Christmas gift I ever got!  The first was my wife getting to come home today!  She is soundly asleep in her bed this Christmas Eve, every other gift I have ever received means nothing compared to this.

I knew something was up, I knew something was going on...your link is another piece, a big piece, thank you so much,

Happy Christmas to you, your family and all my brethen who haunt these...

Happy Christmas Bitchez!!!

erg's picture

I came back to this thread to check out what Cossack was referencing. Hey, I'm in the middle of a 4-hour dissertation about fractal mathematics.  I thought what-the-hell. Throw it on the pile of things to consider. Yet more grist to mull.

Thanks for the testimonial Global Hunter. Thanks for the post in advance cossack.

I got a hunch this may be interesting.

Thanks Tylers for allowing us our profoundly diverse opinions and contributions via this forum.

Merry Christmas. Happy New year...and all that good stuff!

erg's picture


Indenture a listening device into every household, create sufficient buzz to make everyone want to pay for the self-induced, compliant bug, and kill the dumb fucks in the process.

A globalist wet dream come true. The trifecta.

Yeah, I'm pretty jaded.

I don't even have a cell phone. I find phones in general a pain in the ass. It wants more from me than I get back. I have an archaic wireless at home and multiple phones at work. Mail...yada, yada.

I don't want to become a Luddite. I really don't.

Despite my love of technology it has become an embittered thing to me.

DoChenRollingBearing's picture

+ 1  The sad thing, Freddie, is that he was elected legitimately...  By the 51%.  The "low information voters" and the moochers got what they wanted. Now it will be that way for a long time.

Will you be joining me for Arabic classes?  I think the first thing they teach you is how to say "Allahu Akbar" and which way Mecca is.  You see, you can learn something at anytime.


Next thing we learn is how badly 2013 is going to go.  The deflationists have so far been right (ex. for fuel and food), but all that money that they will be printing (I just heard on F TV that they will be printing up LOTS more $100s.  LOTS.  I wonder why.)

Freddie's picture

2012 was another setup.   Tagg Romney saying his dad did not want it is just another clue.   Santorum had Romney beaten in the Midwest, the south, SW and the rest of the country.  

Romney/Rove/Bush/NWO stole Midwestern states from Santorum with voter fraud in the cities.  Santorum would have the entire states won then late returns from Detroit, Madison, et al swung the states for Romney.  CFR/NWO Gingrich was in there to peel off conservative voters from Santorum.   Romney and Gingrich were backed by Sheldon Adelson who found Santorum a bit too Christian for his taste.

Fast forward to November election and Obama used the same vote fraud in the swing states to win and hold the Senate.   The same last minute returns and late evening city voting fraud.  It was identical to what Romney did to Santorum but worse.

Conservative House members were also target for theft.  They did not steal everything because the public might wake up.

Was Santorum any better?  Well he had no money except from Foster Friess which was peanuts.  Ron Paul was a better choice but they made sure Romney was the fall guy.  They stole all the swing states including FL, OH, WI, PA, etc etc.

I have not watched TV for years because they are all the same and Fox Al Waleed is just as bad.

Don't listen to Rush's BS about we lost.  it was stolen.  Not like we had a choice anyway.  Hannity is another buddy of Rove/Bush/NWO.   We are set up for 2016 with Jeb versus Hillary or Corey Booker of Newark.

yabyum's picture

Hey Freddie, The tinfoil hat is getting a bit tight. Have a cold one and merry Christmas to ya!

EnslavethechildrenforBen's picture

If they can fake shootings, they can fake elections

ball-and-chain's picture


An African country in shambles?

What a shocker.

We're America.  We ain't Zimbabwe.

It ain't gonna happen.

Matt's picture

"Kapirima told The Associated Press. Kapirima has four wives and 25 children living in the rural areas"

I think we found the problem.

Kobe Beef's picture

I thought the exact same thing.

Lore's picture

Have the Zimbabweans jailed their banksters?  Does Mugabe himself face charges?

Where is the UN? 

Cloud9.5's picture


Pretty racist to look at failed African states and assume they failed because of African leadership.  Hubris on our part to assume we are any different.



psychobilly's picture

"Pretty racist to look at failed African states and assume they failed because of African leadership."

African "leadership" is simply a reflection of African society and African culture at large.

"Hubris on our part to assume we are any different."

Ignorant.  While the same insidious, Neo-Marxist ideologies that are currently wrecking Africa through central planning/command economics, are also worming their way through Western civilization, the cultural roots couldn't be more different.  There is no tradition of classical liberalism in Africa for example.  Concepts like individual sovereignty and natural rights are fading in the West, but they're alien to the overwhelming majority of Africa, which is why countries like Zimbabwe and South Africa are quickly reverting to type (i.e., strong-man authoritarian hierarchies dominated by tribalism, fatalism, collectivism, lawlessness, savagery and superstition).

At some point pseudo-intellectual idiots like you are going to run out of "nuanced" excuses for why the African continent is a hell on earth.  The notion that all cultures are equal is delusional.

YesWeKahn's picture

only Bernanke can do better. That asshole can do 99% unemployment, with only him and his male wives still have FED jobs.

Stuck on Zero's picture

How do you get 80% unemployment when all those people are selling vegetables on street corners?  According to our BLS selling just one pea pod a year constitutes full employment.


Banjo's picture

Just thinking about it, is full employment. We used to produce things now we design stuff. Why should employment be any different.

butchee's picture

Nostalgia for dear old Rhodesia?


Winston Churchill's picture

Really.i used to visit back then.

I will never visit Zimbabwe ,but it will visit us.


Zap Powerz's picture

Dont be so sure Winston.

Africa is a vast, resource rich contient filled with militarily and technologically inferior indigenous personel.

Once the American contenient becomes unliveable due to the political atmosphere, perhaps we can get on ships and sail to Africa, establish colonies, "displace" the indigenous personel and start over in Africa!  Its not like the Africans are doing anything useful with the place.

Its been done before, it can be done again.  History does tend to repeat itself.

formadesika3's picture

You're being sarcastic, right?

Zap Powerz's picture


Im not advocating anything, Im merely pointing out what can be done based on what has been done with success in the past.

You probably think the idea seems violent, mean, uncivilized.  You would be right.  But if you think human nature is not violent, mean and uncivilized, you arent paying attention.

Humans have this funny urge to survive.  They will do damn near anything (some of it positive, some of it negative) to survive.

formadesika3's picture

You left out something. It's not only violent, mean and uncivilized. It's also totally impractical. White people from North America dislodging the native population of Africa? Get real. It was tried once, if you recall.

What it came down to in the final outcome is who carried and had immunity against the nastiest diseases. That's the reason white people ultimately gained control of North America. By the same token, white people died by the tens of thousands, not the other way around, when they tried to colonize Africa in the 19th century.

formadesika3's picture

But if you want to know how I REALLY feel about your idea...

It's not only violent, mean and uncivilized, I also think it's one of the most Fascistic, militaristic, abhorrent, idiotic ideas I've ever heard.


Merry Christmas.

Goner's picture

Well we have made a bit of progress with medicine so I dont think disease would play a large role. And our Military is getting used to the fact that no girls are around for entertainment in Afganistan and Iraq so HIV wont be a huge issue. But even if it would, thats what Drones are for. To slaughter bad guys (or kids and innocents) in the name of freedom

Matt's picture

No Peregrine Falcons in Africa I don't think, so we can DDT the shit out of it and exterminate the misquitos once and for all. It is estimated that 50% of all human beings who ever died, did so as a result of a misquito bite.

Cholera is treatable now. We have made some advances in Malaria medicine. Ebola/Marburg et al, River Blindness and Sleeping or Nodding Head disease or whatever other crazy shit scares the hell out of me personally.

silverserfer's picture

Zap, I think China beat you to that  idea.

Miss Expectations's picture

Today, it's official:

A U.S. Army brigade will begin sending small teams into as many as 35 African nations early next year, part of an intensifying Pentagon effort to train countries to battle extremists and give the U.S. a ready and trained force to dispatch to Africa if crises requiring the U.S. military emerge.

Read more:
Anusocracy's picture

The Fascist Empire continues to spread its poison.

roadhazard's picture

Dubya set up the Africa Command even while loading up Shock and Awe in Iraq. This is actually news to me that is That old. The endless war of the MIC.

rockface's picture

The Chinese have already beat us to it.

ultimate warrior's picture

First I LOL'ed at your comment...then I paused.....then I said to myself god we are fucked.,...then the laughing stopped.  

TheObsoleteMan's picture

Africa is not the same place it was just twenty five years ago. They got wise. A white doesn't stand a chance there now.  they would have you hacked with machetes within hours of arrival.

Matt's picture

You don't show up alone or in small groups, but in force.

DoChenRollingBearing's picture

@ the great Winston Churchill, + 1

"You may not be looking for trouble, but trouble is definitely looking for you."

kaiserhoff's picture

Once known as the Switzerland of Africa, the place where everything worked, until the whites were stabbed in the back.  When will they ever learn?

Element's picture

I don't understand this at all, didn't they kill whitey and take all the agricultural lands back a few years ago? They should have silos full of grain for global export by now!

Mentaliusanything's picture

Are yes, the food bowl of Africa turned into a basket case by a Government that interfered with a free market then covered its mistake by helping out its crony friends to remain in power. Trinkets given to the poor and soldiers, promises of free land stolen from the workers who made its, once vast wealth by toil and sweat.

They, my old uncles are resigned to make their own Diesel and feed the chooks on what is left after the locusts fromm Harare came through what was once a profitable farm, worked by happy well feed and well housed labor. Those workers stay and protect the old men because beyond the fence and dogs is a harsher World brought to them by Central planning as dictated by the black Hitler.


You reading THIS Ben. You brain dead excuse for a Human. It will happen once you weaken those who produce the wealth and interfer in their business then steal the very thing that made the Wealth ..... Hope for a better life unshackled from Central planning.

America is on the cusp of a complete takeover once the 2nd is altered (Even a black Hitler was smart enough to not go there)

SgtSchultz's picture

A shameful waste of a country by the political classes.

Antifaschistische's picture

Zimbabwe....So sad.   Such a beautiful country.   Every time I'm in South Africa in get introduced ONE MORE farmer who was kicked out of Zimbabwe.   The last time, he said he had 800 employees, and now, they are all unemployed and some government goon owned his land (but didn't have a clue what to do with it). they have a food problem.  surprise surprise.   As for the dude with 4 wifes and a couple dozen kids....well, you'd think they'd get the hint and stop reproducing like rabbits but that's none of my business right.....just send AID money.

rockface's picture

Run a few cows and raise a harem.  Can life get any better than that?

Cloud9.5's picture


That is what happens when you destroy property rights and redistribute the wealth to your cronies. Check out Detroit, same thing.

JustObserving's picture

If Zimbabwe had 900 military bases in 130 countries, $1 trillion a year military spending, and a president ready to use drones on his perceived enemies and civilians alike, then Zimbabwean currency would be woth more than confetti.

A compliant, controlled press and spending $85 billion a year on spy agencies also helps the confetti have perceived value.

larz's picture

for how long justobserving?


JustObserving's picture

Longer than any honest citizen  would like.  Maybe another 1 year to 5 years would be my guess.  But a war with Iran, which would cost $2 to $4 trillion, would hasten the end.  

A corrupt currency is very inefficient and always collapses.

Bag Of Meat's picture

controlling oil,and trading it in USD gives it more time, not less