Zimbabwe abandons its currency

Discussion in 'Economics' started by palenimbus, Jan 29, 2009.

  1. Zimbabwe abandons its currency

    Zimbabweans will be allowed to conduct business in other currencies, alongside the Zimbabwe dollar, in an effort to stem the country's runaway inflation.
    The announcement was made by acting Finance Minister Patrick Chinamasa.

  2. tradersboredom

    tradersboredom Guest

    the gov't of zimbabwe if you call it a gov't basically stole the money from the people===fraud!

    now making the currency worthless like selling worthless stocks in the pinksheets.

    stock certificates are same as cash.

  3. clacy


    20 years of Democratic control in the US will be a lite version of the Zimbabwe model.

    Take from the rich/productive and give to the less productive members of society and all the while spending money that we don't actually have.

    The end result will be a developed country version of Zimbabwe.
  4. 377OHMS



    Hyper-inflation, outright devaluation. Isn't that where this ends up?
  5. Which 20 years, exactly, would that be?
  6. clacy


    The next 18. I'm going to give the last 2 to the dems as they've had congress and Bush was a lame duck.
  7. Ok. Just so we're all in agreement that the previous 20 years have been an paragon of fiscal responsibility...
  8. clacy


    The previous 20 will look like child's play
  9. It's not DEMOCRATIC control that we need to be afraid of, like you Hannity knob gobbling jerkoffs always portend...
    It's SOCIALISTIC control that we need to fear.....

    Which included the Bush admnistration for the last 8 years...don't think it doesn't...

    I pray that the US has a civil war, so all the retard Rush Limbaugh cocksuckers will start thinking for themselves...
  10. Lucrum


    Personally, I don't think it's going to take 20 years.
    #10     Jan 30, 2009