Zimbabwe, Inflation & Money (In Gold we trust)

[carmelokm]

This guy is so dull i swear...why the fuck did he talk about Gold shit without even mentioning Mugabe the FUCKER..besides,stop faking your accent

[Nathan21122012]

The Coins in Canada in the US, now from 1996, are made mainly from stainless steal. I was looking in a book on Canadian coins, the pennies are actually worth more than a penny in terms of melt value. This monetary system is strange. I am sticking to physical silver, and gold. Your right bank notes are promises which can be broken, and Silver, and Gold are rarity, thus equating to value. Great Video (:

[Nathan21122012]

Do Zim coins contain silver, Copper, and, or nickle?

[I5south]

I like your optimism -- thanks for sharing.

[sol2soul77]

ITS A REAL SHAME THAT WE ARE STILL OF THE BELIEF THAT MONEY WILL SET US FREE, THE MONETARY SYSTEM HAS DESTROYED THE VERY ESSENCE THAT MAKES US HUMAN BUT STILL HUMANITIES HOPES ARE PINNED ON THE VERY SYSTEM THAT DESTROYS THEM. WAKE UP PEOPLE WAKE UP

[natkingcol65]

by Charles A. Lindbergh, Author of the Money Trust Investigation, Banking and Currency and The Money Trust, Industrial Relations, Why Is Your Country At War?: And What Happens To You After A War.

[natkingcol65]

"The market prices of commodities vary from day to day and often several times a day. This occurs when there is no radical difference in the proportion of the supply and the natural demand. This fact is conclusive proof thta our system is controlled by manipulators and fundamentally wrong. I have sought to elucidate this problem within this volume and have suggest a plan which, if adopted, would make the people the master of the world, instead of the present master-THE MONEY TRUST."

[Spieldamelenium]

What one really needs is a coin produced out of a readily available very versatile material where no one group of agencies or no agency, or anyone peoples, or person, holds a monopoly or oligopoly, or similar economic power over said material, a material into which one can easily process in such a way that one can create difficult to force water marks for each brand of coin. and who’s value can be easily measured, a material with limited supply, that is proportional to the population.

[jiminiflix]

I have a 50 TRILLION dollar note. It will probably buy a lollie.

[Machiavelli1513]

Kick out Mugambe and your problems with race relations, hyperinflation and political corruption will be resolved.

[krislouis5]

poor audio in this video!

[irmaz2006]

Hubungi Adie 019829025 Untuk Jual beli emas-terengganu

[fixzimbabwe]

In printing money we trust.

In kicking out productive whites we trust.

In robbing foreign investments we trust.

In plundering productive farmland and turning it into a wasteland we trust.

In blaming the sanctions we trust.

What is next, Gono the Zimbabwean, teaching economics at Harvard?

Mugarbage for the Nobel peace prize?

[kickndave21]

Awesome video! You can feel inflation, when my grandparents had no problem earning enough money with just my grandpa working. Than my parents generation had to have 2 income earners. Now my generation it is very tough to save money and grow a family with 2 income earners.

[stux1979]

@kickndave21 in the age of my parents, a house was 3x annual salary. now houses are 5-6 times annual salary. a lot of people out there are getting very rich at the expense of the middle class and working class. we are witnessing a transfer of wealth from the workers to the leeches.

[kickndave21]

@stux1979 There has been a CONSISTENT transfer of wealth in the U.S. since the creation of the federal reserve in 1913 through inflation! Not to mention we will always owe more debt to the federal reserve then the currency in the system.

[stux1979]

@kickndave21

i agree. :)

inflation is an almost invisible stealth tax. many people have no idea what it is. it's the equivalent of the government coming round to your house and stealing all of your loose change.

If they taught this stuff at school, then this government would be removed from power by the people and all of the bankers would be placed in jail for fraud. :)

[DirectCore]

@407buddy That's why I always keep paper money between the back of my nuts and my anus.

[twightlight3]

@aamirabdulsalam Hello, Hitler Jr. this is the most racist statement I've ever heard in my entire life... you monster. Your mind and soul is obviously corrupted.

[lithopoonwit]

When Zimbabwe was still Rhodesia under white government it was wealthy. Now the Jews robbed the gold, put a monkey-puppet as a Communist president and have stolen the land from white farmers who worked all their lives.

[DirectCore]

@lithopoonwit Keynesian economics gone horribly wrong!

[e105b5]

We need to abolish central banks and go back to the gold (or silver or ANYTHING with intrinsic value) standard.

[DirectCore]

@e105b5 You're absolutely correct. They msut bring back the gold standard. So that all the money is backed by gold reserves. And you cannot "create" or destroy gold. But the problem is that because gold is rare (which gives it value and acts as a store of wealth) the economy is growing faster than the reserves of gold. There is only a limited number of gold and we cannot create it - it must be mined. Hence, this is where fiat money comes in. More people need jobs - print more money.

[e105b5]

@DirectCore I must disagree that the problem is that gold is rare. When we had gold backed (or silver here in the UK) currency there was not such a problem, and the economy was growing. If the amount of cash allowed was constant deflation would simply occur as the economy grew. The problem is the private central banks in most countries who print money like it's toilet paper. The amount of resources isn't getting too small, the amount that the richest 1% have is just getting bigger.

[DirectCore]

@e105b5 Haha, wtf? I said gold is rare, and you said "I disagree, the problem is that gold is rare". Anyhow, if you kept the gold standard it would mean that the amount of money in supply must match the reserve of gold. Gold is rare, it cannot be created, and only a limited amount is available worldwide - in fact, we are reaching the point where our gold deposits are getting exhausted (like oil and gas). So if we kept the gold standard, we'd be facing hyperdeflation (where money becomes scarce).

[DirectCore]

@e105b5 The problem is that when people say they want more money, what they actually mean is that they want more"wealth". Wealth is defined as the ability to acquire physical "stuff". It's important to understand that people do not actually want money (in itself) - but rather, they want the "stuff" that money can buy. Printing more money does nothing to create more "stuff" in this world. Hedges against inflation include cars, houses, petrol, to gold, silver and any other object money can buy.

[e105b5]

@DirectCore Just to be sure of perspicuity, the economy's growth results in more resources, not less.

[DirectCore]

@e105b5 This is the reason why I don't have a bank accont - instead, all my money is kept as physical cash in my safe, and I use money to buy physical commodities (motorcycles, cars, laptops, food, livestock, gold, silver, etc) to protect me against economic instability. I don't see the reason why banks (including reserve banks) should even exist? What's their job? To print more money and make a profit from account holders? What is the point of taking a loan if you proved you don't need it?

[e105b5]

@DirectCore First, I quote myself "I must disagree that the problem is that gold is rare." so you misread that. Second, it would not be hyperdeflation, I said I predicted deflation, however you should be aware of the fact that having a gold standard in the past did not result in this. Inflation will always happen if they keep printing (1-2% a year worldwide). Money will always be worth nothing if it isn't exchangeable for something with intrinsic value. We agree on alot so I'll leave it there.

[DirectCore]

@e105b5 A country/economy that is regarded as wealthy has all its money backed by natural resources (this is why even though America has a larger annual GDP, Saudi Arabia is regarded as being a weltheir nation because all its money is backed by natural resources, such as oil, gold, natural gas, etc. Why do you think people in Dubai don't pay taxes? Because the government's wealth is stored as resources. That's why they can afford to built such expensive infrastructure and cities.

[LetFreedomRlng]

Coins is a great idea, coins must be created with Gold and Sliver in them so that they have real value and are actually real Money instead of worthless currency.

[qlcmusic]

The biggest problem with gold as currency is that every country who ever used it ran out of gold and silver... people hoard it and trade it away and then your mines cannot keep up with the demand. Paper is even worse for people who want to save... put any paper money in jar long enough and pooof!!! it's grabage!!! even in 1st world county. I think Currency should be backed by copper!!!

[qlcmusic]

You would be suprised how well copper would work as money... a simple US or canadian penny is worth about double it's face value. A larger version of a copper coin will always hold a high value to everyone in the world becasue it can always be used to make tools, art and cook ware as it is non toxic. Many cultures used copper coins for thousands of year and I think it's a better back bone for a common man as it's not worth killing a person for his few dollars of copper. Gold is for the Rich!

[OrangeD00D]

That's why you tie your dollar to gold.

Tying it to air is like...

[ResponseSBD]

Yes gold and silver is the only true money.gold and silver has been traded high for thousands of years.Yes Zimbabwe should have gold and silver coins.And also the rest of the world.Paper cash is trash.

[b1gr1g]

Why didn't they inject the $ slower to stop this?

[GunsOfThePhoenix]

Just poor planning, I hear a lot of store want raw gold/silver, they are no longer taking the Zimbabwe dollar.

[PumpkinJoe999]

Now I know why Africans always win marathons, gotta get those gold medals

[chaosjimproffitt]

rofl that made my day

[Martintfre]

gold is good or silver as well, unless your a thieving bureaucrat - then gold/silver is evil since ya can't invent new metal like ya can ink up paper.

[aamirabdulsalam]

we all have become the victoms of jewish suppresion.american presidents come from jewish freemasonary and skull and bones. only islam liberates people from slavery of tyrants. islam forbades intrests , markup etc and propmotes gold standards of dirham and dinnar.20 dinar(gold)=200 dirham(silver).you all embrace islam .deny the jewish one eyed false god in bermuda triangle which is also seen in us dollor.beleive in only and only in one almighty allah.destroy the jews everywhere in usa and europe

[Martintfre]

@aamirabdulsalam

Islam is slavery to some imams hateful rantings

- remove the hate and nothing is left of it.

[SILVERSURFING514]

@Martintfre unless your an alchamist

[mercenarybdu]

Nixon already violated his oath, and look at where we are right now in the world. All engineered by greedy bankers and MIC agents.

You must also be aware about Executive Order 11110. In 1963, JFK issued that order as a move to kill the Federal Reserve after catching onto their scam. The order had 3 points.

1. kill the Reserve

2. put the money back in control of the USTreasury

3. back the money up in Silver

before it could take effect, JFK was killed, as well as the order by LBJ with the Silve

[Matanjun1970]

Notice: The Zimbabwe government redenominated the ZWD again on February 2, 2009 at a rate of 1,000,000,000,000 old ZWD to 1 new ZWD. 1.00 USD

1.00 USD = 294.180 ZWD

[andrelamar02]

Start purchasing and investing in gold now because America is next.

[BanGovernment]

That's right. The lies from Ben Bernankes mouth will eventually reveal him as the worlds largest crook with all the other cabels. The US dollar is nothing more than a lying based piece of paper backed up by huge depts, no production, and a government that knows how to make up bullshit lies. The main question is when will the dollar collaspe? Probably in 2, 3 years.

[shakaama]

here here, Zimbabwe need to offer their president Exile and he can keep whatever wealth he wants, just so long as he never returns and takes all his cabinet with him.

Then the country need to buy gold and mine gold like crazy. Problem solved.

[qwertywxyz]

"How to stop inflation in Zimbabwe by using coins only" ?

How about giving the land back to the white farmers!

Let's face facts. Something is inherently wrong with blacks. they are incapable of civilized self rule.

[A4ANT]

might have something to do with 400 years of slavery only ending four grandfathers ago ..(200 years)

with very long lasting effects..

[qwertywxyz]

That is the lamest, dumbest, worn out argument ever.

BLACKS sold blacks into slavery. Slavery has existed as long as humans turned from monkeys to humans.

Even the Bible explicitly allows slavery.

The problem with Africa is the same problem it always had. Lazy people with no motivation to improve their lot.

Give the land back to the rightful White farmers and these blacks will have food in a few months.

[Loocas77]

Congratulations to President Mugabe. He should get Nobel Price in economy. He caused all residents of his country to become millionaires and billionaires.

[frank1600]

When this country was under the English rule there was no hunger or starving people. Jut like South Africa this country demanded one body...one vote and poverty has engulfed the land. When whites ruled there were blacks from all of Africa seeking to live in Zimbabwe. Are you happy with the white man out of power? No you are not!!

[Najahface]

America stopped using gold and silver because the supply was low to non-existent. The reason there is a clamor for Zim and many other African nations is because of the natural resources within those borders. It is great idea to actually use Zims own resources to cure the failing economy. Isn't that what they have resorted to now anyways? People are panning for gold just to pay for goods and services.

[frank1600]

There was no shortage of gold and silver in this country as you say. Gold was 35 an ounce and silver was 2.

[shakaama]

uh Najahface, we still and had 88 million tons of gold.

So what is this about we had a shortage on the supply of gold? America has the largest deposit of gold in the entire planet, more than all of europe combined.

Have you been educated in public school... ohhhhh no wonder. The african seems to know more about our government than you do.

[shishikyuu]

@shakaama a total of 166'000 tonnes of gold have been mined throughout the history of mankind, so your statement is quite laughable.

[shakaama]

@shishikyuu who are you even talking to

[shishikyuu]

@shakaama you, who do you think? 88 milion tonnes? don't make me laugh.

[JSenator06]

I am American and I feel bad for you (average people) in Zimbabwe.

[koloss999]

You should be taking it as a lesson. Your currency is next.

I heard recently that over the past six months, the amount of dollar in circulation has doubled.

[skank3000]

mugabe, burn in hell you rotten asshole!

[mchigubu]

6Mar09 SAD day for Zimbabwe! I read online news PM Tsvangirayi had asked for Western Sanctions on Zimbabwe to be removed, but Pres Obama had slapped Zimbabwe with EXTENDED year of Pres Bush's SATANIC SANCTIONS. Later in evening I learned from CNN: "Zimbabwe PM Tsvangirai has been injured in a car crash which killed his wife Susan. Pres Mugabe visited PM Tsvangirai in hospital". I say "RIP Mrs Susan Tsvangirai". Zimbabwe unite in this TURMOIL of 1 more year DEATHS & SANCTIONS

[zvamada]

how about smuggling the gold? how do you sort that out?

[treboomboom]

I can get over how similar America and Zimbabwe are. Both have lying, smiling politicians that just make things worse. My friend, you are way ahead of the curve. You should look up the Von mises institute on youtube and take a look at the channel and you will find validations for all of your excellent observations. Remember, a commodity backed currency will prevent the rich from stealing from the poor with something called the inflation tax.

[jiminiflix]

America has no gold standard and believe me what Zimbabwe is experiencing will happen in the USA and globally as a result. The US dollar will crash - no doubt as the Amero has to come in in 2010.

[reneetd]

More people have to wake up to the realities of money in this world. There is no country now that does not have a fiat currency. It would seem that America is following your countries lead. Keep spreading the world. Only 'real' money can save the human race from slavery.

[perfidiousalbion65]

my brother you are not stupid ! 02:57

you are thinking, which is more than rob is doing

[blessedbe1984]

Using coins as the only form of currency in Zimbabwe is the ultimate solution. The only problem would be foreign countries using the markets to debase the value of the gold , silver or copper. The coins would still have value no matter what.

[ggadguy]

You know more about American inflation than most Americans. People do not see how destructive it is to people.  We do need a gold standard. Those who oppose it have not lived through it like you have.

[999smart999]

White people created a thriving Rhodesia.African people called them racist and took the country. Fine. But look now. Zim is destroyed. Do not ask whiteman to come back and help you.Admit you are inferior.

[JohnRinNoHo]

To 999smart999:

Economics is economics.

Ignoring the laws of economics will only result in mal-investment and poverty.

Race is irrelevant.. Old Communist Russia, Cuba and North Korea show that race is not a factor in destroyng a nation by ignoring the reality of economic theory.

[SaakashWilly]

You tell nonsense.)

USSR really brought an attention to the question on USA disorder in 1974, after cancellation of the gold standard & oil crisis.)

The reason on which the decision was negative is that occurs today to US:

1. SU could not supervise dangerous processes on american half of world.

2. It can not appear 1*1 against China.

[SaakashWilly]

Actually, Soviet Union had no economic problems, decision on dissolution was political. Unique reason on which USA was possible to overtake a little SU - financial & currency frauds, however they will inevitably lead to crisis of such scale that 1929 will seem a fairy tale to americans.))

Why?

Because USA today is BIG Zimbabwe, which prints a paper.)))

[Martintfre]

The USA still has a huge productive capacity, but our consumption is even larger hence we are slowly (ok faster and faster these days) borrowing our way into insolvency.

[freezazoid]

I suggest buying small denomination silver coins from a reputable mint, like credit suisse and mints like that. Start circulating them in your country. A silver or gold coin is just that: silver and gold. Silver though can represent small enough denominations to where you could get it down to maybe 1/4 ounce. I've seen half ounce silver coins which is about five US dollars. But maybe there's a source that makes 1/4 ounce coins?

[zimbo4life400]

By establishing a strong mining sector,we can easily get a stable currency without implementing your suggestions.investment in the mining sector will only come if the economic environment is secure, in this i mean property rights, which is the key to any stable economy. u cant expect a company to invest billions of US in a mine then to be told halfway through development its not yours anymore. im currently studyin mining engineering and one day hope to play a part in rebuilding our mining sector

[zimbo4life400]

your plan sounds easy enough but it just doesnt make economic sense. First of all zimbabwe will benefit a lot more by selling its natural resources then literally turning them into currency.the world has just gone through a huge commodities boom and it still has a way to go. if zimbabwe can cash in on this we can fix our economy easily.

[jewce99]

Hello, there are economic sanction on Zimbabwe! Who the hell will they sell to there own broke citizens.

[zimstyle]

Why dont you write a proposal and forward it to some forward thinking people right here in Harare (Gono included). This does sound like a brilliant idea on paper, but do include pros and cons, inclusive details and implementation startegies and costs. I do believe its something positive...

[Rationalific]

I hope everything works out. The problem, though, is that Mugabe would never let his people have any real wealth. Even in the U.S., during the Great Depression, Franklin Roosevelt made an executive order forcing people to sell their gold to the U.S. government for prices much lower than the actual price. I can only imagine that the same would happen in Zimbabwe in short order... I hope something good happens over there...

[Azania101]

Before we even consider such things you have do ask yourself - does the government care what the people want or think? Are they in the slightest concerned??

If your answer to that is no then all this is a waste my friend.

[machipisazim]

I should replace government with; " RESERVE BANK OF ZIMBABWE" for it is autonomous and so it is not state nor government. And can consider such things without the government google THE LIBERTY DOLLAR hope is not a waste my friend