Off Topic · Inflation worsens in Zimbabwe (page 1)

Mugabe is a dick stealing from his people, killing ethnic tribe members and kicking the white people out of his country just to steal their moeny. He is building mansions and palaces and his wife goes on shopping spree's in Europe while his people barely have enough food to eat. Kinda puts our bitching about the Bush administration in perspective.

http://www.timesonline.co.uk/tol/news/wo...
Zimbabwe's millionaires worth only $1
Jan Raath in Harare

Zimbabwe’s currency has fallen to record levels, with one million Zimbabwean dollars buying a single US dollar (48p) and inflation reaching 8,000 per cent.

The bleak data was announced as people in the capital Harare struggled to cope without electricity for the third day. “We closed our business today,” said a woman who helps to run a major petrol supplier. “We just can’t operate like this.”

The National Blood Transfusion Services said that it had been unable to test blood since Tuesday. “We are in serious trouble,” said a doctor.

At independence in 1980, the Zimbabwean dollar held parity with the US dollar but the currency has suffered from the recent economic policies of President Mugabe; at the beginning of this year it was $Z2,800 to one US dollar and ten days ago $Z500,000.

President Mugabe has struggled to keep inflation under control and in July ordered businesses to halve their prices to alleviate the country’s woes. The order resulted in the arrest of about 10,000 business people as thousands of police officers raided companies, shopping malls and markets to take goods marked above price control levels. Now the supermarkets are bare and it is almost impossible to buy food.

Although the inflation rate slowed marginally in August it rose to 7,982 last month, according to official statistics, which are regarded as highly conservative. “It shows the lunacy of their belief they can legislate against inflation and bring it down at the barrel of a gun,” said Rob Davies, an economist.

Officials in Mr Mugabe’s ruling party reportedly expect him to sign a law that will force all foreign-owned companies, including local subsidiaries of Barclays and Standard Chartered, to sell 51 per cent of their equity to black Zimbabweans.

What do-ya expect? Geezzzz. Same old stupid story. We have our own problems. I'm sure they don't sit over there talking about our' problems. I said it before (and it was erased) but if an entire country can't come to some kind of agreement and maybe even go to civil war to change the conditions of their own' Government there, then what can anyone do? We and everyone else poored countless millions (probably billions) into those conditions for decades now. The people themselves have got to rise and take back and establish human rights.

This is horrible, some of these nations do some ridiculous things to their people.

One thing about this country, they aren't trying to hide anything , they let the whole world know.

In our country evil things are done all the time , but everything is hidden.

Posted by playa2:

This is horrible, some of these nations do some ridiculous things to their people.

One thing about this country, they aren't trying to hide anything , they let the whole world know.

In our country evil things are done all the time , but everything is hidden.

Yeah, like I said. We have out own' problems.