Zimbabwe inflation? Three Suspects!By Rev. Gerald Mubaira

[fixzimbabwe]

I vote fore Culprit three: the ZANU-PF government was responsible for the economic disaster.

It is a very simple truth, if you print money out of step with economic growth, you steal from the people.

You would have made a better minister of economics then GONO.

Have patience, your grandchildren will have a better life.

[globalnomad62]

it is not uncommon that the foreign debt of an african country is about the same as the content of its leader's swiss bank account

[icecube45]

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?

[mchigubu]

Rev Mubaira thanks for inviting comments. As Family&Child/Ecology Phd holder, I wrote last year to US Congress requesting that harsh economic sanctions be lifted as Family Institutions in Zimbabwe were crumbling due to embargo. I got response 2007 naming specific USlady had set up US$10m to fund members on Zimbabwe Regime Change. I've the letter. My Q:"Who is using those BIG BUCKS? No wonder today few ZIM elites run black markets trading USdollars. Thats CORRUPTION & I WONDER WHO THEY ARE?"

[icecube45]

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?

[mreisma]

why dont the zimbabwe citizens get together and make their own currency, maybe gold or silver

[19Tendai79]

so what is real money...dude do your research before chatting

[EpikNw]

LOOOOOOOOOOOOOOOOOOOOOOOOOOOOO­OOOOOOOOOOOOOOOOL, Raymond dats deep.

[nouradwane]

HI! chck me out pls!

someone lick my puss 7c

[SupremoAnanasso]

I heard about cash shortages also. If there are cash shortages, I would think that money printing is a consequence of inflation, not a cause. But I don't know very much about this subject. If anyone can explain that to me I would be very grateful.

[libertyeconomics]

No. Price inflation is the consequence of the money printing. But the relationship isn't mechanical. By that, if the money supply is doubled, this doesn't mean that prices will only double. So it isn't just about the qauntity, but the EXPECTED QUALITY. The market begins to account for the EXPECTED depreciation of the currency, by tacking an inflation agio onto prices. Thus nominal prices begin to rise FASTER than the money printing, thus the ILLUSION of a cash shortage.

[sizmike]

Look what's happening in U.S. I have been to Zimbabwe in 2000, it was getting bad then, the mood was tense and the country was heavily burdened before elections.

Money Printing has been used by for political gains and attacks for hundreds of years. It's time people relied upon gold to back thier paper money, only a fool would dump money into a country's economy and not expect chaos. If you or I printed money we would be criminals and put in prison. But Mugabe has the right do this?

[gu88766]

i do not understand economics. i am starting with free to choose by milton friedman. any other suggestions?

[VanDammeIndustries]

i've got to agree, we should all accept part of the blame for whats happening in zimbabwe

[ZimAnswer]

Thank you!Ndatenda

[residentzombie]

@ZimAnswer Technically Zimbabwe is #2 all time for hyperinflation. Hungary is still #1. Gono and Mugabe did make a serious push at it though.

[mchigubu]

Root cause is the Satanic & Illegal Economic Sanctions on Zimbabwe! Yes, secondary factors exist, but as long as these illegal satanic sanctions imposed on Zimbabwe by the UK, USA, & EU, poor Blacks in Zimbabwe will have no peace! So called "travel sanctions" are demonic economic sanctions that are discriminatory and are designed to create enabling chaos & anarchy! Good job "Economic Sanctions!" Zimbabwe is on its knees today! Mission accomplished!

[ZimAnswer]

It is said sanctions are meant for Mugabe and his gurus and is not affecting the economy.Who campaigned for sanctions? Can they be removed and how? Who is most affected?

[mchigubu]

I tried to give a detailed answer, and my response would not be posted! I hope this one that has no detail is the one Youtube prefers you to get!

[ZimAnswer]

Send it to my mail box.

Thanks!

[mchigubu]

Dear ZimAnswer,

I finally got the address posted on youtube by a friend of my from the Phillipines. Do a youtube search for this video entitled "A difficult Christmas for Filipino families - 25 Dec 07". Read the latest comment by LouisianaGatorGirl and you will get the address of the web-site I tried to send but would not be posted on youtube from my video. God bless!

[mchigubu]

Referring to the question you sent to me regarding "sanctions" etc, ndaedza kunyora paYoutube ndichiedza kuita reference yezvinyorwa zvakaitwa nevarume vaviri vekuno mhiri kwegungwa vachiedza kutsanangudza mhiko nemavambo edambudziko ratatarisana naro kumusha nhasi. Ma "haves" ari kuno haadi kuti mazita aya aiswe paYoutube. Ndaedza chaizvo, asi vanobva vadzima. Kana muchida tumirai imero kwandiri. Torai senemo mobatanidza nezita rekutanga lower case, @ hoti mero.komu. Ndokupai mazita avo.

[mchigubu]

ZimAnswer,

Mhinduro yebvunzo yamakatumira ku video mail yangu maererano nema "sanctions" iyi. Ndaedza kukupai web-site yakanyorwa nemadzibaba ekuno vaisevenza muweredhi bhangi, vachitsetsenura zvakaitika kuti tive patave nhasi. Youtube inodzima ndikaisa zita avo. Imerai kwandiri. Batanidzai senemu ne first name rinoperengerwa "emu-e-ara-sii-wayi" moisa ku alphabet yaaNgezi. Ndokutumirai mazita emaweb-site ne youtube dzavo.

[divinacomedias]

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.

[ZimAnswer]

How should the ZRB be structured to end this problem?

[vleister]

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

[divinacomedias]

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.