manshimajin Posted January 16, 2009 Share Posted January 16, 2009 And to think that we were worried about the £:€ exchange rate.... According to this article the Zimbabwe dollar and the UK pound were approximately at parity when Robert Mugabe took over. 100 Trillion Note Link to comment Share on other sites More sharing options...
Sebrof Posted January 16, 2009 Share Posted January 16, 2009 The reason G Brown doesn't invade is because by comparison he looks competent. S Link to comment Share on other sites More sharing options...
oldmanxfella Posted January 16, 2009 Share Posted January 16, 2009 Its been done already http://en.wikipedia.org/wiki/The_Trouble_with_Trillions Link to comment Share on other sites More sharing options...
manshimajin Posted January 16, 2009 Author Share Posted January 16, 2009 Its been done already http://en.wikipedia.org/wiki/The_Trouble_with_Trillions Could be where RM got the idea. Link to comment Share on other sites More sharing options...
cheesemonster2005 Posted January 18, 2009 Share Posted January 18, 2009 Mugabe is a hero. He's made all of his people trillionaires. The Zimbabweans must be so happy! Link to comment Share on other sites More sharing options...
TerryMcCann Posted January 18, 2009 Share Posted January 18, 2009 According to this article the Zimbabwe dollar and the UK pound were approximately at parity when Robert Mugabe took over. Give it a couple of months and the way sterling is going they probably will be again Link to comment Share on other sites More sharing options...
RC-Drift.com Posted January 18, 2009 Share Posted January 18, 2009 Germany 1923, highest value reached was for 50 billion (50,000,000,000) marks ...we all know what happened after that... Link to comment Share on other sites More sharing options...
La_Dolce_Vita Posted January 19, 2009 Share Posted January 19, 2009 Germany 1923, highest value reached was for 50 billion (50,000,000,000) marks ...we all know what happened after that... If you are hinting at a rise in fascism, then as Skeddan showed we already have a fascist state. Link to comment Share on other sites More sharing options...
Sebrof Posted January 19, 2009 Share Posted January 19, 2009 Germany 1923, highest value reached was for 50 billion (50,000,000,000) marks ...we all know what happened after that... If you are hinting at a rise in fascism, then as Skeddan showed we already have a fascist state. "We"? Are you a Zimbabwean now? S Link to comment Share on other sites More sharing options...
La_Dolce_Vita Posted January 19, 2009 Share Posted January 19, 2009 "We"? Are you a Zimbabwean now? S What are you talking about? Maybe I misunderstood but RC-Drifts comment was about how Britian might go. I don't think there is much going to change in Zimbabwe. It has been totalitarian for quite some time, though maybe not fascist. Though I remember Skeddan making a post about how New Labour in many respect has an ideology and policies which mirror fascism. Link to comment Share on other sites More sharing options...
Sebrof Posted January 19, 2009 Share Posted January 19, 2009 "We"? Are you a Zimbabwean now? S What are you talking about? Maybe I misunderstood but RC-Drifts comment was about how Britian might go. I don't think there is much going to change in Zimbabwe. It has been totalitarian for quite some time, though maybe not fascist. Though I remember Skeddan making a post about how New Labour in many respect has an ideology and policies which mirror fascism. This is a thread about inflation in Zim. S Link to comment Share on other sites More sharing options...
La_Dolce_Vita Posted January 19, 2009 Share Posted January 19, 2009 Yes, that's right! I just thought RC-Drift was alluding to something else. How is it possible to bring the inflation rate down when it has got so high? Link to comment Share on other sites More sharing options...
Sebrof Posted January 19, 2009 Share Posted January 19, 2009 Yes, that's right! I just thought RC-Drift was alluding to something else. How is it possible to bring the inflation rate down when it has got so high? They have to stop printing money. When they get rid of Mugabe, the IMF will lend them some money, subject to strict conditions, and aid will flow in. They will issue a new currency and with a bit of sense and good luck might be able to get things going again. But they'll never get back to where they were because the have permanently destroyed the agricultural sector which was the mainstay of the economy. Zim was once called the breadbasket of Africa. S Link to comment Share on other sites More sharing options...
La_Dolce_Vita Posted January 19, 2009 Share Posted January 19, 2009 That's what I was wondering about a new currency, but wasn't sure if adopting a new currency is a panacea in itself. Taking money off the IMF is a bit of a risk though, is it not? Don't governments have to accept free trade in place in order to receive funds? But in having free trade I would have thought this would leave the vulnerable economy in a position to find it extremely difficult to develop an export market. Maybe 'no string' aid might be of greater benefit to a better run Zimbabwe. I wonder if the people will be able to oust Mugabe, I am not too hopeful. The situation there is desperate the opposition does not even seem to having the ability to remove him. Who knows though. Link to comment Share on other sites More sharing options...
Sebrof Posted January 19, 2009 Share Posted January 19, 2009 That's what I was wondering about a new currency, but wasn't sure if adopting a new currency is a panacea in itself. Taking money off the IMF is a bit of a risk though, is it not? Don't governments have to accept free trade in place in order to receive funds? But in having free trade I would have thought this would leave the vulnerable economy in a position to find it extremely difficult to develop an export market. Maybe 'no string' aid might be of greater benefit to a better run Zimbabwe. I wonder if the people will be able to oust Mugabe, I am not too hopeful. The situation there is desperate the opposition does not even seem to having the ability to remove him. Who knows though. It would be a bigger risk not to take money from the IMF. The grim reaper will do his work eventually. S Link to comment Share on other sites More sharing options...
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