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And Now, Even Zimbabwe Opines On The Emerging Market Crisis
Courtesy of an epic liftathon in the USDJPY, concerns about the containment of the EM crisis seem to have abated for the time being, even though not only nothing has changed (just ask Argentina whose USD reserves are down to $28.5 billion from $30 billion two weeks ago), but the Fed just confirmed even less - $10 billion per month to be exact - hot money will be entering the frontier economies. However, behind the scenes things are rapidly changing fast. So fast, in fact, that even Zimbabwe, that paragon of currency stability, has opined on the EM drubbing. As AFP reports, Zimbabwe retailers, concerned about the rapid devaluation of the currency of their southern neighbor, South Africa's Rand, have now stopped accepting it entirely.
Hearing that some Zimbabwean retailers, cellphone airtime vendors & even newspaper hawkers are now refusing to take the South African #rand
— Susan Njanji (@SusanNjanji) January 30, 2014
One would think Zimbabwe knows about failing currencies. But for now, all eyes on the USDJPY which is the only risk-setter that matters.
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that would be a perfect onion headline.
They will, of course, still accept Krugerrands.
At this point, Zimbabwe has just as much credibility as anyone else.
To be honest, their currency goes for a nice price on Ebay you know :)
I have a framed set like maloney showed in his vids in my study
They were way ahead of helicopter Ben.
http://americandictators.blogspot.com/2014/01/economic-studies-even-you-...
Zimbabwe knows a worthless currency when they see it.
If so, its a shame they still accept FRN's.
True, but they also know that if they spurned the USD/FRN they would be droned and invaded in half a jiff.
Waiting for the Weimar Street Journal to chime in...
Are you saying the Black Man in the White House would bomb his own people?
He oversaw the bombing of the Boston Marthon...that False Flag was so busted in 5 minutes it made o-bomb-ya's Marxist head spin. They were so set on blaming patriots/conservatives, blah, blah, blah, etc. etc. etc...but the overwhelming photo evidence blew their fake story right outta the water and they had to go to the Plan "B" patsies w/ those brothers.
But that doesn't mean he's going to stop with Boston. Each False Flag they learn better how to conduct another one. They don't always go over well, and I think they realized that trying one in daylight in an area full of people and hundreds of cameras was a big mistake.
Their next one will be at night and I think it will be a small, tactical nuke set off inside Detroit somewhere or some rural area where they can once again try to blame it on conservative patriots.
The great thing about Boston was that it was such a epic failure that the term "False Flag" hit the main stream and woke a LOT of sheeple up. Now nearly everyone knows what a False Flag event is and who perpetrates them (governments/military/etc.) against innocent people.
The narrative is going to be harder to spin, especially from these sociopathic, habitually lying, criminals in D.C. But they're so arrogant and psychotic that they will still try try try again.
Still bewildered by the whole 'Sandy Hook' debacle. Kids dead, and yet, I have yet to see a single photo (call me a grim bastard) as evidence to the fact.
Of course it will be another Saudi Arabian Operation.
Prince Bandar claimed to Putin that he controls the Chetchen Terrorist Organizations. As the Tsarnev's were Chetchen you can bet that the Operation was sanctioned by the Saudis. (The US Government was complicit. Notice how fast that the Tsarnev's were identified and neutralized. What was not as widely reported was that a Saudi National was arrested and deported.
Then going back to the World Trade Center attacks on September 11, 2001, Fifteen of the Nineteen REPORTED Hijackers were Saudi Nationals.
While it is true that there is absolutely no video evidence that they ever boarded the airplanes and Gates are videotaped then one can be certain that it did not happen as reported. But the point is that Saudi Money was involved in that Op as well.
If any place needs to be an ocean of Nuclear Glass then Ground Zero needs to be located at the House of Saud.
All that it will take is one Strategic Nuke targeted appropriately.
"They don't always go over well, and I think they realized that trying one in daylight in an area full of people and hundreds of cameras was a big mistake."
Dunno. Worked ok for 9/11.
Good point.
...and on a long enough timeline, the credibility rate of every Ponzi drops to zero...
This shit is gonna spread like wild fire.
All it ever has taken is 1.
We got three. So far..
Argentina, Venezuela, South Africa, Turkey, Ukraine, etc., etc., etc., etc...
Whats happening in venezuela?
What's happening under your rock ?
Miley cyrus is shaking her dinners again.
You?
+1 LOL
That's nice, I will give you a couple satoshi for you Krugerrands in a few years. They will go in the special prize box along with Zimbabwe Dollars and Alf memorabilia from eBay.
I gave you a +1 for not writing in the first person. As far as being able to tell the future, good luck.
fonestar wrote in the First Person tense in the previously referenced post.
I think that you may have inadvertently used the adverb, "not".
Caught that as well. Or substitute first for third. However I chose not to reply so he could fix it at some point. ;-)
Miffed;-)
Oooops.
But who can possibly ever conemplate accepting the American Rand? You know of whom I speak, that Quisling in Libertarian clothing.
Isn't that where Obama is from? I know he's from some African hell hole, maybe Zimbabwe or the Sudan?
Eitherway Africa is a failed continent. If Africa just got wiped off the planet the Earth would be a better place. Only two things that come from Africa are hurricanes and welfare recipients.
Afreeka for afreekans.
Let me guess, we should turn the middle east into glass as well right?
Well, there is a lot sand over there. And glass is made from sand right?
Yeah. But there is not too much demand for Radioactive Glass. However if there was a demand for Radioactive Glass then that is a good place to manufacture it on a large scale.
It is about the laws of Supply and Demand. Why invest into something that lacks demand...like Foreclosed Houses...or US Treasury Bonds? That is why the Federal Reserve buys them up. Lack of Demand. And we know that the Fed is becoming insolvent if it is not already there.
Do you want to be insolvent like the Federal Reserve and NOT HAVE A PRINTING PRESS?
Then start a manufacturing firm that produces Radioactive Glass. You will end up insolvent.
It is just not a good business model.
I think that the House of Saud deserves that as they have attacked us on 9-11 and in the Boston Marathon..
Other than that I would trade with the Middle East, and with the African Continent.
Why bomb customers? It is not a good business model.
You obviously never asked yourself where the uranium for the first atomic bomb came from, did you?! ;-)
True, but we have HUGE reserves in Virginia (Virginia won't let us touch it) and under Yellowstone (UN world heritage site, but I am sure we can get THAT status revoked)
As you write that people like bill gates and bill nye are working.
http://goodmenproject.com/good-feed-blog/bill-nye-science-guy-dispels-my...
A lot of the shiny comes from Africa.
pods
"Only two things that come from Africa are hurricanes and welfare recipients."
That's most unfair. What about AIDS, bush meat, cannibalism?
And killer bees....
Dats rayciss
Ha ha ha ha, Zimbabwe is a opinion leader of economic conditions? OMG the end is near! ROLFMAO!!!!!!!
I don't see why not. They are as good as any other central bank in monetary policy. Probably better, they are way ahead of them.
I think the Italians could still teach them a lesson or two on inflating away a currency.
If you live in a glass house...dont be the first to throw stones...or something like that
If you live in a glass house - shit in the dark!
If you live in a glass house...........get nakid..........and give the neighbors a show they'll never forget.
Hmmm....Radioactive Glass...Glass Houses...Yeah. You are right.
There might be an opportunity.
yeah... take dollars... they rot less fast...
Zimbabwe's note's are appreciating on ebay. Maybe they will make a come back.
http://www.ebay.com/itm/10-TRILLION-ZIMBABWE-DOLLARS-x-10-BANK-NOTES-100-TRILLION-AA-2008-FREE-SHIPPING-/331095217401?pt=Paper_Money&hash=item4d16d014f9
"Let me guess, we should turn the middle east into glass as well?"
You can start with Saudi Arabia.
Ooorrrr... We can get the hell out of the middle east and let them settle it amongst themselves.
Blasphemy! Are you saying we should cut back on the Empire? Wait until Darth Sidious hears about this.
I agree with your sentiments. But the problem is that the Saudis attacked us on 9-11 and during the Boston Marathon.
Other than that I would TRADE with the rest....since we need their Oil.
same result
Just the House of Saud. The rest of them are Tax Cows like most of us here.
you know you currency sucks when even zimbabwe shuns it?
there can only be one. [/highlander]
It's not that I'm trying to doubt this, but a Tweet by someone who heard something about what's supposedly happening in parts of Zimbabwe doesn't exactly send shivers down my spine.
AFP head reporter for Johannesburg: one of the few somewhat credible news services remaining.
I looked her up before I posted, so yeah, I'll agree it carries more credibility than some random Tweet. Still, it seems a little subjective to me. Now this Tweet from Ms. Njanji on the other hand....
Susan Njanji @SusanNjanji Jan 28Farts from 90 cows in a German barn spark a methane gas explosion, damages the building, injures one cow @AFP http://www.timeslive.co.za/world/2014/01/28/cow-farts-spark-explosion-at-german-barn …
If that tweet didn't send shivers down your spine,
then, the question yet to be asked is?
Did Obama's SOTU address send a tingle up your leg?
If so, then Chris Matthews would like to set up a play date in an undisclosed location.
You're barking up the wrong tree.
Not only does Zimbabwe accept the Yuan, it's become their currency http://www.bdlive.co.za/africa/africanbusiness/2014/01/30/zimbabwe-adopt...
"We don't want your X confetti"
but they'll happily accept gold I"m sure.. for now, until the dark age, post 2032.. then only food will suffice as money.
Ah, my young grasshopper, you've forgotten the oldest currency on the planet............sex.
Zimbabwe, that paragon of currency stability
That one made me laugh hard. Sadly it might prove to be true once the wheels come completely off this wagon.
"You have to give up"
The Southern African collapse is nearly complete. South African gold mines will be nationalized (Anglo looking to sell) Botswana platinum mines will be overrun and ultimately nationaized.
There is knowlwdge, and then there is African knowledge.
http://nehandaradio.com/2013/05/17/mugabe-wants-to-liberate-zimbabwe-fro...
Zim gold currency next year? Came across this in a search for Zimbabwe gold reserves.
A good insight into EM turmoil here : http://www.nakedcapitalism.com/2014/01/george-mangus-warns-broad-impact-...
Keep your eye on the Chinese Shadow banking crisis. China is the swing market for EM sentiment and momentum.
Apparently it has a bigger impact on EM plays than the FED taper does.