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Captain Ron
Hawaii Fan
Location: Ted's
Member since Dec 2012
3787 posts

Zimbabwe Government is down to it's last $217..


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quote:

There are cash-strapped governments and there are broke governments. And then there's Zimbabwe, which, after paying last week's government salaries, has just $217 left in the bank. No, we didn't forget any zeroes to the end of that figure. Zimbabwe, the country that's home to some of the world's largest plutonium and diamond reserves, literally has the same financial standing as a 14-year-old girl after a really good birthday party.


quote:

The economy started to come apart at the seams in 2000, when President Robert Mugabe seized the land of over 4,000 white-owned farmers, effectively dismantling the country's agriculture industry.


quote:

It peaked in August 2008, when inflation reached 11,200,000 percent









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trillhog
Elite Membership
Member since Jul 2011
17304 posts

re: Zimbabwe Government is down to it's last $217..


what happens when democrats in office





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Topwater Trout
LSU Fan
Red Stick
Member since Oct 2010
32143 posts

re: Zimbabwe Government is down to it's last $217..


I will give them a loan....western sky rates





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Cold Pizza
Ohio State Fan
Member since Sep 2011
7639 posts

re: Zimbabwe Government is down to it's last $217..


He needs Ben Bernake.





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Pilot Tiger
Georgetown Fan
Washington DC
Member since Nov 2005
58988 posts
 Online 

re: Zimbabwe Government is down to it's last $217..


BAZINGA!





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Displaced
LSU Fan
Member since Dec 2011
13754 posts

re: Zimbabwe Government is down to it's last $217..


217 > -11 trillion





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GenesChin
Army Fan
The Promise Land
Member since Feb 2012
9741 posts

re: Zimbabwe Government is down to it's last $217..


Isn't 217$ in Zimbabwe enough to buy all the real estate in the country though? Let's talk relative price value





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Mung
LSU Fan
El-lick
Member since Aug 2007
4119 posts

re: Zimbabwe Government is down to it's last $217..


i bet Mugabe's got a bit more than that in a Swiss bank acount.





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BR Tiger
LSU Fan
Baton Rouge
Member since Mar 2004
1887 posts

re: Zimbabwe Government is down to it's last $217..


So how much would it cost to buy the whole thing? I'm thinking buy it and subdivide an sell each piece off to the neighboring countries. Should be easy enough, no?





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lsuhunt555
Baylor Fan
Bunkie
Member since Nov 2008
19453 posts

re: Zimbabwe Government is down to it's last $217..


quote:

the country that's home to some of the world's largest plutonium and diamond reserves, literally has the same financial standing as a 14-year-old girl after a really good birthday party.








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Captain Ron
Hawaii Fan
Location: Ted's
Member since Dec 2012
3787 posts

re: Zimbabwe Government is down to it's last $217..


quote:

217 > -11 trillion



I'm guessing there is a huge deficit as well.






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Pectus
New Orleans Saints Fan
Internet
Member since Apr 2010
42455 posts

re: Zimbabwe Government is down to it's last $217..


quote:

President Robert Mugabe seized the land of over 4,000 white-owned farmers, effectively dismantling the country's agriculture industry.


Sound familiar?






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OldSouth
LSU Fan
Folsom, LA
Member since Oct 2011
7880 posts

re: Zimbabwe Government is down to it's last $217..


quote:

President Robert Mugabe seized the land of over 4,000 white-owned farmers,


He showed them!






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hawkster
Member since Aug 2010
4931 posts

re: Zimbabwe Government is down to it's last $217..


quote:

literally has the same financial standing as a 14-year-old girl after a really good birthday party.


And not quite as much ability to take care of itself.






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SM6
Navy Fan
Chicago
Member since Jul 2008
6124 posts

re: Zimbabwe Government is down to it's last $217..


Great economist article this past week. Because inflation of the Zimbabwean currency is so high, nearly all commerce is conducted in tangible US dollars. However because US coins are so scarce nearly all change is given in chocolate or other sweets. Just now they are beginning to use mobile phone minutes as a form of currency. Shopkeepers who can transfer minutes now have a competitive advantage.


This post was edited on 1/30 at 8:53 am


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oldcharlie8
LA-Lafayette Fan
Baton Rouge
Member since Dec 2012
3236 posts

re: Zimbabwe Government is down to it's last $217..


i'd love to know what the government takes in monthly before i judge.







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OldSouth
LSU Fan
Folsom, LA
Member since Oct 2011
7880 posts

re: Zimbabwe Government is down to it's last $217..


quote:

President Robert Mugabe seized the land of over 4,000 white-owned farmers, effectively dismantling the country's agriculture industry.


Sound familiar?


Yep






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Catman88
LSU Fan
Baton Rouge, LA
Member since Dec 2004
38798 posts

re: Zimbabwe Government is down to it's last $217..


Time for some more hoe and blow.





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SM6
Navy Fan
Chicago
Member since Jul 2008
6124 posts

re: Zimbabwe Government is down to it's last $217..


quote:

President Robert Mugabe seized the land of over 4,000 white-owned farmers, effectively dismantling the country's agriculture industry.


Sound familiar?


OMGOMGOMG Obama is a Muslim who is taking all of the white peoples property. ZOMG






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Cold Pizza
Ohio State Fan
Member since Sep 2011
7639 posts

re: Zimbabwe Government is down to it's last $217..


quote:

Shopkeepers who can transfer minutes now have a competitive advantage.


That's cool as shite. You got a link?






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