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Zimbabwe's Total Cash On Hand: $217.00
Several years after revealing the first one hundred trillion modern-day banknote and seeing its economy implode in a cloud of hyperinflationary smoke, Zimbabwe's problems are back with a vengeance. And this time not even more currency destruction, as Zimbabwe does not actually have its own currency any more having largely shifted to foreign currencies primarily the USD and the ZAR - can help. The problem? The country is officially out of cash. From AFP: "After paying public workers’ salaries last week, the balance in cash-strapped Zimbabwe’s government public account stood at just $217, Finance Minister Tendai Biti said Tuesday. “Last week when we paid civil servants there was $217 (left) in government coffers,” Biti told journalists in the capital Harare, claiming some of them had healthier bank balances than the state. “The government finances are in paralysis state at the present moment. We are failing to meet our targets.”" Sadly not even the projected and quite hilarious 5% GDP growth of the now completely broke country, which can't even create money out of thin air as there is nobody who will lend it even one penny, will do much if anything. (Here we will briefly ignore the fact that Zimbabwe's net cash position is about $120,000,000,000,217.00 greater than that of the US)
The less than fun, for its citizens at least, details:
The move demolished investor confidence in the country, paralysed production, prompted international sanctions and scared off tourists.
Zimbabwe’s government has warned it does not have enough money to fund a constitutional referendum and elections expected this year.
Biti said that left no choice but to ask the donors for cash. “We will be approaching the international community,” he said.
The country’s elections agency said it requires $104 million to organise the vote.
Government’s national budget for this year stands at $3.8 billion and the economy is projected to grow 5.0 percent.
At least Zimbabwe can sell its gold. Well, it could, if it had any.
And when even the government apartchicks, which also includes the army, received no more cash, they turn violent, and quite hostile, to the very same government that provided for them for years. Which is to be expected: because as history has shown that without fail what follows hyperinflation, is war. Which incidentally is all the US government will need to position its southern drone base in order to quell the imminent appearance of "Al Qaeda" rebels and militants in the South African country. This, in turn would fall perfectly with the WSJ's headline article totay: "U.S. to Expand Role in Africa."
Because while the US is about to have western Africa covered with its drone presence, it needed a lucky break in order to get involved in the just as valuable south.
Why, again, does the US need to be in every nook and corner Africa? Same explanation we gave yesterday: to prevent the rapid Chinese colonization of the last continent, a development the US has been well behind the curve on. And since it has no cash to spend to compete with China, it will do the next best thing - send in the drones.
From - "The Beijing Conference": See How China Quietly Took Over Africa
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and speaking of Niger, it's missing uranium,
which according to le monde diplomatique is
where the French Areva sources its fuel. now
nuclear representing 80% of French grid power,
you'd think that may be worthy of mention in
the whole azawad sinophobia resource grab.
tsk tsk.
It's a Stratfor map, so I guess you get what you pay for.
You want more? Here's more (and also the reason why we knew the scramble for Africa was on in mid-2012 because when Goldman is pitching it to its most select client set, you know it's on).
GS Africa
I gotta hand it to the inventors of spaghetti.
Tyler, Im so confused, I just learned from SAT 800 that Africa peaked 100 years ago and that (apparently) its "full of Africans"... (do you think Goldman knew that when they wrote this)?
So what in the world could they possibly want with it?
Hey I read an exchange you had with Fonzannoon today. I just wanted to let you know that I really appreciated reading your insights.
Hey thanks a lot Doc, that means a lot, Ive been a long time reader and Ive always enjoyed your thoughts and perspectives so right back atcha!
Goldman will obviously send SAT into africa, and with his IQ higher than 90, he will single-handedly manage it into astounding profits.
Lol +1
His IQ should be ample to manage all 680mil Africans, considering their collective IQ probably just doesnt cut it, espceially not when compared to someone who did so well on the SAT!
Ah, so THAT'S why the Department of Defense established AFRICOM. Oh, but wait, they are in Stuttgart....forget it.
217???
fuck, that's what I'm spending drinking tonight.
Fuck you Bernanke and your intended consequences you fuckstick asshole.
That's a bare-bones dinner for four in Belgium.
The Cult - Wild Flower
http://www.youtube.com/watch?v=1yLVufAfby0 (3:57)
LSL has been on a tear lately, lambasting(and rightly so) the dregs of finance and government. OK, he's shredding them. How about the Tylers set up a Pay Per View Octagon match with LSL and Geithner or Benny Boy, etc. and we'll put the proceeds into a 'ZH Scotch Fund'? Then once a quarter ZH members get lounge time with ZH staff at a secret location to discuss issues raised on the board and drink copious amounts of free Scotch(or whatever)?
I'm in...shit, it'll be easier than taking a magnifying glass to ants on a sunny day. I'll roast those fuckers.
You drinking 30 year old Zimbabwean Brandy by any chance???
Maybe they should import some white farmers so at least they could eat...
No doubt. And to think they used to have 'em. They were either drummed out (if they were lucky) or murdered.
Mmm... white farmers.
Hamburgers!
White farmer meat hamburgers!
The cornerstone of any nutritious breakfast.
What kind of white meat farmer hamburgers?
White Big Kahuna Burger!
That's that white farmer meat burger joint!
I hear they got some tasty burgers.
I ain't never had one myself.
How are they?
Mind if I try one of yours?
This is yours here, right?
Mmm-mmmm.
Now that is a tasty white farmer meat burger.
-apologies to Pulp Fiction and anybody else anyway... I know, I know, I'm gonna rot in hell.... yeah yeah, I'll add it to my 10th step tonight...
Pulp Fiction Soundtrack - Jungle Boogie (1974) - Kool & The Gang - (Track 3) - HD
http://www.youtube.com/watch?v=BhkY28_9Ra4 (3:07)
The Other White Meat...
http://www.youtube.com/watch?v=oCERfa8LcS4
Lionel Joseph..hope he's doing ok.
Zimbabwe, America, Europe.. I dont give a shit jkust BTFD, there is no other choice
BTFD, bitchez!
Barbra Streisand Send In The Clowns
http://www.youtube.com/watch?v=BnwJ5KIcKX4 (5:04)
I know how they can raise cash. I bought my ZIM $100Trillion bill at my coin dealer for $5. If they have enough of these still laying around they can do well.
$217.00 is still more than $16 trillion in debt.
It is $16.49 trillion in debt plus $122.5 trillion in unfunded liabilities. But the US Treasury can mint 140 platinum trillion dollar coins any day now.
Zimbabwe doesn't have drones. Doesn't run NATO. And some other differences.
I've been reading ZH for long now but I don't see the Appocalypse yet in the US. I have this feeling that before US citizens taste it, the entire World will be in a huge mess (it's running fast): The country is in mad men's hands (and has been for long), men with nuclear weapons and a large ammount of other deadly toys of mass destruction.
I'm still wondering myself how the americans managed to tollerate Bush presidents Senior and Junior. 9/11. Things like that. To be deceived right on their faces in such a way.
Thing is lots of people are being killed right now and probably millions will, meanwhile they come up with some idea.
There is a solution. Evolution would be a solution. But these guys won't evolve, no chance.
All that shit for so many years, all that interventionism, that messing up with other countries, that fascism, bad for everybody. All that being above (and out of) any law, breaking all treaties, setting up laws only for others, killing presidents, throwing down governents, hiring mercenaries, picking people around the World illegaly, imprisoning, torturing guys without charging them and without defense, in places "out of the US territory"... All that double standard... And the bad company, shit! They didn't even managed to maintain the US Economy in good shape. Their allies? They weren't able to maintain Europe's Economy healthy neither.
Aren't they lovely? And it's THEY who would pretend to set up a so called "New World Order?"
Loose monkies with nuks and a psycho with a printer. Who knows what's coming next.
The Chinese will figure out how to scramble US drones crappy 'made in China' computer chip boards.
Make'em shoot up the French...
Shit, it could be a lot worse. Been on fucking hold for over an hour with the cable company.
Be brave.
Hahahaha they seriously have their head up their ass!!! Been transferred to at least 5 different people!!!!!!!!!!!!!!!!!! WTF?!?!?!?
I bet you haven't been transferred to the engineering department. Oh thats right, thats because the engineers have all had their meeting with the FUCKING TOILET LICKING MAGGOT CONSULTANTS who have told them individually, in the nicest most respectful possible way, that in order for the company to best uphold shareholder interests going forward, that THEY NO LONGER HAVE A FUCKING JOB with the establishment. "Please clean up your shit and have a nice life.. goodbye".
I'm afraid that the end result off all this is now manifesting itself in having to put everyone on hold while they scramble to find that engineer who actually knew something.
Why don't they just mint a platinum coin and then print $1trillion (like Krugamn alluded to) ?
What are they stupid? Geez....
European Patriarchy built USA.
Mongols would destroy us.
one of the khan brothers in response to western religion, "you must have done something very bad in order for your god to have sent someone like me!"
Hope the khan brothers enjoy smoking their metal nanoparticle chemtrails.
Just waiting for Trav here to tell us how all this is simply, once again, entirely the fault of skin pigmentation and "inferior genes".
Or for Francis to blame it in the Jews.
And for AnAninnymouse to blame it (as everything else bad in the world) on US 'american' citizenism, whose 'blobbing-up' nature is eternal.
Where is the little road-side shitting intellectually flaccid little weasel?
Probably out trying to catch a cat for dinner.
I miss him too. Probably on the chinese new year exodus.
Here kitty..kitty...kitty, here kitty...kitty.....kitty.
Dr. Engali said:
OK, that literally had me laughing out loud. I think it was the deadpan delivery.
[note to AA: 'deadpan delivery' does not involve woks or rickshaws]
Make me laugh.
AnAnninnymouse rather muchly being known as for his bedpan delivery on roadsides, after consumptionalizing General Tso's kitten of fabled Chinese culinaryism.
Alas, alas, flea times alas, just have to eat hair with it.
What you dont know is AnAnonymous is a rotating handle given to people who have spent their recent holiday in the company of americans and want to get a few things off their chest.
i had the handle last month after i'd been stuck on an island with some folks from Illionis who asked 'Gee, can we ride the turtle?'
*-*
I would love to sit AnAnonymous down on a rotating handle --- preferably one with an auger on the end of it.
i blame masonic jewgroes (and their rothschild handlers).
is that racist enough for you? 8)
http://www.radioislam.org/islam/english/books/secrrel1/The%20Secret%20Re...
http://www.bibliotecapleyades.net/sociopolitica/codex_magica/codex_magic...
Lol, check SAT 800's posts here hes been filling trav's shoes
African financial genes have bad mojo. Except for that Nigerian princess who sent me an email longing to give herself and her millions to me if I will just answer a few questions.......
SAT 800 is filling in.
Then what is the difference between prosperous Rhodesia and chaotic Zimbabwe...culture maybe
yea, but look at their stock market. to the moon!
Problem: Total Cash On Hand = $217.00
Solution: If Goldman can't provide a securitised, re-hypothecated-CDO 25%-Commission -Bridge-Loan in time, then SCREW IT: just don't pay the bar tab!
Benny Bernanke there is your printing brother in Zimbabwe.
Did you advise him too in following your Keynesian methodology?
Soon Bernanke and the Zimbabwe Central banker can compare notes after the US dollar dies Zimbabwe style.
Take note: Zimbabwe's troubles are the result of political decisions and nothing more. Don't think it can't happen in the US.
Aw, shucks! We're out of cash. I guess we won't be able to hold those fixed elections that we had been planning unless some generous international suckers donors can come through with $104 million in cash.
Remember Rhodesia.
And remember Gold will always be money.
http://www.youtube.com/watch?v=7ubJp6rmUYM
a thing to consider is that govts can and do operate on deficits.
as long as demographics support it, you have future revenues.
as long as you can wield the sword and sic the tax collector...
... and talking of Krugman...
why hasn't he offered up the logical next step in his 'printing money costs nothing', namely scrap all taxes and fund it all by creating it out of the blue. That way he can have the short-term mini-boom and can retire a success just before the dollar is laughed off the reserve-currency stage.
Then we can rip it up and start again.
Zim's Total Cash On Hand = $217.00
I'm sure some nice enterprising "non-Gentile" Wall St Banker will be more than happy to lend a "Helping Hand" with some "freshly-typed" computer keystrokes from, say, 55 Broad St.
Of course the interest rates charged - in REAL ASSETS - for the ethereal, make-believe GOLDMAN BUCKS would not only make a PAYDAY Loan-Shark blush, but will have the unfortunate end-result we are all too familiar with: "Oops ! So sorry! Guess what? You just lost your country!i!"
They should invest that $217 very wisely in US treasuries and watch it grow.
No truth to the rumor that the government is pushing for tougher spear-control measures while stocking up on spears themselves.
Won't they be more lienient to those who hold valid "spear-chucking" licenses????
I'm thinking spear-chucking is one of their inalienable rights there, much like our inalienable right to possess and bear arms here. lol
Whatever; at least at zero, Zimbabwei is closer to a viable economic progran than, say Detroit. Because at zero, the leeway to be economically stupid is none.
I'll bet in Harare there are no smoking regulations, limits on the size of a soft drink, no carbon credits, no limit on work hours.
Swiss bank accounts is probably where those embezzled billions rest in secret.
Man down bitches!!!
Somebody send them a printing press for fucks sake, those people have to eat too.
Nice!
(It would be even funnier if that was not in fact representative of exactly how many of the dumbfucks in power today actually think.)
$217?
Sure was a good idea seeing off them white folk!
quoted excerpts:
"Chinese president Hu Jintao [recent changing of the guard, now retired] has called for the People's Liberation Army [PLA] to carry out 'new historic historic missions' in the 21st century-- to move beyond the traditional goal of defending the nation's sovereignty and develop the global military reach of a true world superpower. In some cases, China's increasing international presence could lead to greater cooperation with the U.S., as it did in 2008 when China joined antipiracy patrols off Somalia. But if America and Chinese forces end up in the same place with different goals, the result could be a standoff between two of the best-equipped militaries in the world"
* Note [sic]: the 1984 movie 'red dawn', was a hypothetical war scenario between the U.S., and the Soviet Union... just recently, Hollywood was working on a new sequel--- replacing Russia [USSR/ Soviet Union] with China! It got so real... that China was scratched for North Korea?
"This episode underscores an important point: Unlike the U.S. and the Soviets, the U.S. and China are bound together by hundreds of billions of dollars in mutual trade and investments. **[MOU =/ MAD?] War between the two countries would be **mutually [a messy prenuptial Pyrrhic`victory] ruinous. Leaders on both sides know it. American and Chinese forces will eye each other suspiciously, and the relationship may become tense. But recall that the much feared war between the U.S. and Soviets-- the issued that defined world politics for the second half of the 20th century-- never did break out.[I could add a litany of reasons why that argument doesn't hold water... but I'll wait for another day] With so much to lose, the two toughest kids decided it wasn't worth it to fight."
end excerpted quotes__ source http://www.popsci.com/technology/article/2012-12/inside-chinas-secret-ar...
http://www.sinodefence.com
http://www.fas.org/nuke/guide/china/agency/pla-orbat.htm ^[dated .... wiki & disambiguous 'PLA' unavailable]
jmo
thankyou Tyler
Africa's Rise a Myth: Bring on Authoritarian Capitalism Instead [1/30/13]
Hyperinflation is the first stratagem used by the 'MoneyMaster's' for Capitalist Enslavement? Yes,.. No?!-- but, readying a democracy with only one hand priming the pump has always been a linguistics's illusion of a sinecure'd procrustean operative...
htt://www.allafrica.com/stories/201301281658.html
I'll be playing Tropico's Africa add-on if anyone needs me...
Thanks for that rumbling cheek shot, I just spewed coffee on my computer screen!
Send Bloomerberque over there and let him wave his ban stick. He may even pay for the opportunity. Good way for them to make some $
Great, your'e out of money, Jack, go home.
http://www.zirpinusa.com/
That could never happen here, we have an ample supply of STRATEGIC INK RESERVES that Ben can unleash on a moments notice.
It's ironic that the West has remitted the debt of the African continent, as it now has the second highest total debt in the world.
Obviously the stimulus wasn't strong enough and they have to print more.