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2007-07-05 Africa Subsaharan

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Posted by Steve White 2007-07-05 00:00|| || Front Page|| [5 views ] Top

#1 So almost everyone's going to be out of food in about a week. Then the fun will really begin. I'd bet Bob's already got his getaway plane on the tarmac, fueled up, full of hard cash, and ready to go...

Posted by PBMcL 2007-07-05 02:14|| 2007-07-05 02:14|| Front Page Top

#2 Bob may be way ahead of me - he's in Ghana right now.
(Note to self - read the whole thing before commenting.)

Posted by PBMcL 2007-07-05 02:18|| 2007-07-05 02:18|| Front Page Top

#3 No worries mon. After the stores are cleaned out there won't be any more. Then inflation goes to minus bazillion percent.

Posted by ed 2007-07-05 06:48|| 2007-07-05 06:48|| Front Page Top

#4 Plenty of positions available for economic policymakers in Gaza.

Posted by Nimble Spemble 2007-07-05 06:50|| 2007-07-05 06:50|| Front Page Top

#5 Exactly, Nimble, and I keep wondering just how in the hell Gaza fell behind Zimbobwe in the race to the bottom.

Posted by Steve White">Steve White 2007-07-05 08:12|| 2007-07-05 08:12|| Front Page Top

#6 Should be no shortage of toilet paper for a while. And it wouldn't surprise me if their currency was actually better for the purpose than the European TP (softer, stronger and more absorbent.) There is a ceiling to inflation - when the real value of the currency is reached, with 'real value' defined by the worth of the gold, silver, aluminum, or now paper it is made of.

Posted by Glenmore">Glenmore 2007-07-05 08:26|| 2007-07-05 08:26|| Front Page Top

#7 So when is Bono gonna be doing an aid concert for Zimbabwe?

Posted by DarthVader">DarthVader 2007-07-05 09:41|| 2007-07-05 09:41|| Front Page Top

#8 #5

One thing Gaza and the West Bank DON'T have, is their own currency. They use NIS - New Israeli Shekels. So stability of prices is maintained thanks to the Central Bank of Israel, which has leaned fairly heavily monetarist for over a decade.

Posted by Liberalhawk 2007-07-05 09:50|| 2007-07-05 09:50|| Front Page Top

#9 Msika told state radio. "We will take their businesses, we will take their licences. They have raised prices to a level the people cannot afford so they must die in agony with hunger."

Government for the people!

Posted by Snereck de Medici6366 2007-07-05 09:55|| 2007-07-05 09:55|| Front Page Top

#10 And don't forget 'by the People'. They elected him, and the non-ZANU-PF elite, even though they mourn his 'fallen status', still think he's a cross between George Washington and Nelson Mandela.

Posted by Pappy 2007-07-05 10:29|| 2007-07-05 10:29|| Front Page Top

#11 ...still think he's a cross between George Washington and Nelson Mandela.

Pappy,
I think they are a month away from being very much disabused of that notion.

Posted by DarthVader">DarthVader 2007-07-05 11:23|| 2007-07-05 11:23|| Front Page Top

#12 Unfortunately the real value of US currency for some denominations is in its substance. I'm surprised US coins aren't disappearing from circulation & being melted down for sale as metals.

Posted by Anguper Hupomosing9418 2007-07-05 12:40|| 2007-07-05 12:40|| Front Page Top

#13 If I'm forced to sell goods at a loss the govenment can have my store. Please!

Posted by jds 2007-07-05 13:49|| 2007-07-05 13:49|| Front Page Top

#14 So simple economics.

Shops are there to make profits.

If you force a shop to make a loss they will cut down on the thing making a loss.

The government is effectively telling these shops not to stock goods.

Almost as stupid as expecting socialism to work.

Posted by Bright Pebbles 2007-07-05 14:09|| 2007-07-05 14:09|| Front Page Top

#15 In Zimbabwe, we are seeing an approximation of a Jimmy Carter presidency etended to 20 years.

Posted by Super Hose 2007-07-05 14:22|| 2007-07-05 14:22|| Front Page Top

23:54 Zenster
23:52 Zenster
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23:08 Mike
23:04 RD
22:47 RD
22:40 Ol Dirty American
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22:30 Alaska Paul
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22:09 doc
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