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Started By
Message
Well... Well.... Well.. Look who comes crawling back. It's Zimbabwe.
Posted on 7/29/20 at 9:28 pm
Posted on 7/29/20 at 9:28 pm
The ole raise your own reparations scheme.
LINK
I see a few 1-800 numbers on signs around town that may be able to solve Zimbabwe's credit score problem. Not sure if works on the international bond market though.
quote:
HARARE, Zimbabwe (AP) — Zimbabwe’s government on Wednesday signed a deal with former white farmers to pay them billions of dollars in compensation roughly two decades after they lost their land in often violent invasions.
But because the government does not readily have the money, the farmers will be part of a team tasked with raising the cash.
quote:
The full payment is expected to be done within five years. But it is unclear if the former farmers will receive the money given that Zimbabwe is financially troubled and burdened with a huge debt.
The government will borrow on international markets and the farmers will be part of a “joint resource mobilization committee” tasked with raising the money, according to the agreement.
LINK
I see a few 1-800 numbers on signs around town that may be able to solve Zimbabwe's credit score problem. Not sure if works on the international bond market though.
This post was edited on 7/29/20 at 9:30 pm
26
Posted on 7/29/20 at 9:31 pm to Mootsman
If I’m a farmer, I’m not hanging around fricking Zimbabwe. Cut your losses and GTFO.
Posted on 7/29/20 at 9:31 pm to Mootsman
quote:
billions of dollars
quote:
Zimbabwe
So in reality like $3.50
Posted on 7/29/20 at 9:31 pm to Mootsman
quote:
pay them billions of dollars
Poor farmers don't realize that it'll be billions of Zimbabwean dollars...or about USD $3.50.
Posted on 7/29/20 at 9:32 pm to Mootsman
This post was edited on 7/29/20 at 9:32 pm
Posted on 7/29/20 at 9:32 pm to jamboybarry
quote:
So in reality like $3.50
frick
Posted on 7/29/20 at 9:32 pm to Mootsman
Posted on 7/29/20 at 9:36 pm to Mootsman
South Rhodesia could have still been a part of the United Kingdom and been bailed out many times over by now.
Reap what you sow and all that
A common theme for the majority of the Queens old countries.
What a terrible mistake most made lol
Reap what you sow and all that
A common theme for the majority of the Queens old countries.
What a terrible mistake most made lol
This post was edited on 7/29/20 at 9:41 pm
Posted on 7/29/20 at 9:39 pm to Mootsman
Posted on 7/29/20 at 9:39 pm to Mootsman
No it’s because they can’t run a farm and produce food, I know that may surprise many of you
Posted on 7/29/20 at 9:40 pm to Mootsman
They should get a loan from Wakanda.
Posted on 7/29/20 at 9:41 pm to Mootsman
Did I read correctly? The government is paying the farmers but the farmers have to raise the money themselves. 
Posted on 7/29/20 at 9:44 pm to Mootsman
Wait. So they'll pay you money as a farm owner, after you help them raise the money? Also wasnt there alot of farm owners killed in cold blood over their land, im sure they appreciate money.
Posted on 7/29/20 at 9:44 pm to Mootsman
I wonder if South Africa is paying attention here?
Posted on 7/29/20 at 9:45 pm to Mootsman
Posted on 7/29/20 at 9:48 pm to Mootsman
Great.....now they have to figure out how to move a few million pallets of Zimbabwean cash.
This post was edited on 7/29/20 at 9:50 pm
Posted on 7/29/20 at 9:49 pm to jennyjones
quote:
I wonder if South Africa is paying attention here?
Who would have ever guessed that in 2020 Algeria with a 99% muslim population would have the highest HDI score in the African continent.
And every single one of the old UK territories would have completely fricked up everything since independence.
Magical really.
Posted on 7/29/20 at 9:54 pm to Mootsman
quote:
The government will borrow on international markets
Is there any way for a common investor to short these loans?
Posted on 7/29/20 at 9:55 pm to The Mick
quote:
Did I read correctly? The government is paying the farmers but the farmers have to raise the money themselves.
Black privilege
Posted on 7/29/20 at 9:56 pm to THRILLHO
Imagine your secretary walking in one morning and saying "Good morning sir, I have Zimbabwe on hold, they'd like to borrower $5bn for farming equipment".
I'd choke on my Sonic breakfast burrito.
I'd choke on my Sonic breakfast burrito.
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