Zimbabwe inflation? Three Suspects!By Rev. Gerald Mubaira
Economy | Information | History | Online | Facts | World | Global | Money
World highest inflation.8000 - 1000%+ +.Working poor.No cash! Zimbabwe economy,three thieves,corruption,government, Minister of finance,Zimbabwe Reserve Bank = Gideon Gono,ZANU-PF.
Comments
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@ZimAnswer Technically Zimbabwe is #2 all time for hyperinflation. Hungary is still #1. Gono and Mugabe did make a serious push at it though.
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Hello You seem to belong to an "upper" class, I suppose but not to the family/friend/gang of the president. How's life for you over there? Do you only survive or is it enjoyable after all?
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but this is not a problem that can be solved from outside. It's a problem of Zimbabwe and its horrible president, isn't it?
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why dont the zimbabwe citizens get together and make their own currency, maybe gold or silver
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LOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOL, Raymond dats deep.
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Well, I believe that the biggest problem consists of the Reserve Bank not being independent. As long as there is influence from the aims of the different political parties, there is no way there will be a sustainable money policy. Secondly, the Zimbabwe Government must make a clear change in his economic policy to regain the trust of the investors in simbabwe and worldwide. The third step has to be a radical Money reform, making marking a change in handling M3. Plz keep on posting. Thanks
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i do not understand economics. i am starting with free to choose by milton friedman. any other suggestions?
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It is the Reserve bank that controls the emission of money and credits in an "autonomous" , or unregulated, manner. Therefore one needs to look no further it is obvious, and Gono is the greatest example of corruption... or representative of this corrupt force. As for the withholding of large amounts of money then one could suspect the same interests as those of the Reserve.
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Hello, please allow me to present another possibility. Firstly the fact that the Reserve Bank holds control of the issue of moneys and credit with legal "autonomy", which means that they have no regulation from state, government or justice and are free to regulate money supply in a private manner. So the question would be, who or what runs the central bank? As for the question of money being held away in large ammounts, then one could suspect the same interests behind the central bank.
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