Thats because you know you have no justification for what has happend in ZIm and its not any1 but Mugabe and his voters to blame. Zimbabwe destroyed Zimbabwe. U chased all the investors away this includes the White Farmers who are infact Investors as they brought finances from abroad into Zimbabwe and built an economy. Most of the farmers have no link to colonialsm and only moved there after 1980. Land reform was political propoganda as revenge on whites for colonising africa.
@lesvokli Are you a big time NUTS man/woman? Learn about the history of homelands expansion by European nations in Africa after 1884-5. Do you think whites came after 1980 while most went out of Zimbabwe due their racist nature as they didnt want to be a black rule? They formerly believed blacks would never to power (Cecil Rhodes declaration). You have to know the hatred nature of white people when it comes to black people before you say investors came after 1980! Such an ignorance! Research..
For your information, white farmers *never* grew food in Zimbabwe. They had tobacco grown for them, by their 'farmworkers'. They grow strictly non-food items for export - they're in it for the money (hence the name, 'commercial farmers').
In Zimbabwe, food was and is grown by ordinary Zimbabweans.
The reason that there is a food shortage, is that all of a sudden, they can no longer afford fertilizer, which has to be imported and therefore paid for in foreign currency.
And the reason they can no longer buy fertilizers, is because the sanctions called for and drafted by the rhodesians in the MDC have destroyed the currency.
The likes of Eddie Cross were instrumental in creating ZDERA, which put the country of Zimbabwe on a credit freeze, by denying all access to existing credit overnight, which forced the government to start printing money to compensate.
Without the western created currency crisis, there would be no problems in Zimbabwe.
tigerone1970, if u know your economics u know very well any voilent policies put place by a government drives foreign investment away, the failed policies of ZANU pf destroyed zim, and as for sanctions, u find me strong evidence on how sanctions against 200 government officials can wipe out economic growth as it has in zimbabwe. Nobody wants to keep investment in a country where the ppl have no respect for private property.
The sanctions are in Section 4C, with some interesting passages in 3 and 4D.
The country of Zimbabwe was put on a credit freeze. These are not sanctions against 200 individuals, but against The Government of Zimbabwe (which represents the people of Zimbabwe). Notice that 'the Government of Zimbabwe' is mentioned not once but twice.
(c) MULTILATERAL FINANCING RESTRICTION- ... the Secretary of the Treasury shall instruct the United States executive director to each international financial institution to oppose and vote against--
(1) any extension by the respective institution of any loan, credit, or guarantee to the Government of Zimbabwe; or
(2) any cancellation or reduction of indebtedness owed by the Government of Zimbabwe to the United States or any international financial institution.
(1) INTERNATIONAL FINANCIAL INSTITUTIONS- The term `international financial institutions' means the multilateral development banks and the International Monetary Fund.
(2) MULTILATERAL DEVELOPMENT BANKS- The term `multilateral development banks' means the International Bank for Reconstruction and Development, the International Development Association, the International Finance Corporation, the Inter-American Development Bank, the Asian Development Bank, the Inter-American Investment Corporation, the African Development Bank, the African Development Fund, the European Bank for Reconstruction and Development, and the Multilateral Investment Guaranty Agency.
These are the institutions with which the Zimbabwean government had it's credit lines, which as a result of this act were frozen in early 2002. Double digit inflation turned into hyperinflation in late 2003.
This means there is a closer correlation in time between world record hyperinflation and ZDERA, than there is with the formation of the MDC (1999) or the switch from 'willing buyer, willing seller' to Fast Track land reform (1997).
@tigerone1970 You cant educate him; he is a racist prick first, supremacist and cold blooded lier next.. If only he coud revisit cases such as Bolivia, NIcaragua and many ohter destabilized nations over resources; then may be he can start to understand that things arent how he thinks they are. He/she is not naive but one of those perpetrators of oppression of black Africans using big economic words which
arent helping the US economy itself currenctly. Only they know is that it is their birth right to EXPLOIT Africa after dehumanizing African people. Causing problems and then blaming them on Africans. Let him/her learn about why sanctions are now the weapon next to assassinations of African leaders or support of civil wars in African countries. Dont waste you time him or her.. they dont even acknowleadge oppression of people in own countries only because they are non whites!
The credit freeze was imposed by privately owned banks that saw giving credit out to voilent war veterans as too risky. Once again if u know you economics u would know this. The credit would not have been frozen if the Zim government had not attempted destructive policies. Banks borrow money from investors and then lend it out, y should they risk that borrowed money to outright unlawful, uneducated baboons? Bob has just twisted your mind in believing sactions destroyed Zim.
" The credit freeze was imposed by privately owned banks that saw giving credit out to voilent war veterans as too risky. "
Since when are the Secretary of the Treasury, or the US Senate 'privately owned banks'? In fact, this directive issued through the US senate is to prevent individual banks from using their own mechanisms and deciding to lend money to the Zimbabwean government.
Please re-read the Zimbabwe Democracy and Economic Recovery Act of 2001, as I have already posted it here.
the US has no obligation to lend money to zimbabwe, especially when the US believes the money would be spent carelessly. Zimbabwe has its own banks, y demand from the US? And sanctions did not cause hyper inflation. Hyper inflation was caused by the mass printing off zim dollars which was been countermeasured by the massive drop in agriculture production and the huge increase in aggregate demand caused by the printing of money. All of these are failed policies leading to Zims demise. face it
And read carefully, the act is about removing sovereign debt that Zimbabwe has to the rest of the world, and if u read at the bottom of the act ull c that what the sanctions contain: A) identify ppl responisble for the voilence B) freeze their assets outside of Zim C) travel bans d) EVENTUAL REMOVAL OF THE SANCTIONS. Dude im sorry, u have no ground to speak. U just hate whites. And you know, Whites hate u too, expect the white world is better off, so GOOD RIDDANCE
Black zims r all in it for the money. They were hoping that money would fly out the sky when they illegally took away private property. Mugabe is stealing everything, his treated zimbabwe as his business not as a country. Yes over 100 thousand war veterans have moved onto the land, with like no production at all, destroying 5000 white lives and over 200 thousand black farm worker lives where there was able production. And u call this a correction of the past? i call it political propaganda!
Ok, I give up. You will not get it.
tigerone1970 2 years ago
Thats because you know you have no justification for what has happend in ZIm and its not any1 but Mugabe and his voters to blame. Zimbabwe destroyed Zimbabwe. U chased all the investors away this includes the White Farmers who are infact Investors as they brought finances from abroad into Zimbabwe and built an economy. Most of the farmers have no link to colonialsm and only moved there after 1980. Land reform was political propoganda as revenge on whites for colonising africa.
lesvokli 2 years ago
@lesvokli Are you a big time NUTS man/woman? Learn about the history of homelands expansion by European nations in Africa after 1884-5. Do you think whites came after 1980 while most went out of Zimbabwe due their racist nature as they didnt want to be a black rule? They formerly believed blacks would never to power (Cecil Rhodes declaration). You have to know the hatred nature of white people when it comes to black people before you say investors came after 1980! Such an ignorance! Research..
intrepeco 7 months ago
For your information, white farmers *never* grew food in Zimbabwe. They had tobacco grown for them, by their 'farmworkers'. They grow strictly non-food items for export - they're in it for the money (hence the name, 'commercial farmers').
In Zimbabwe, food was and is grown by ordinary Zimbabweans.
The reason that there is a food shortage, is that all of a sudden, they can no longer afford fertilizer, which has to be imported and therefore paid for in foreign currency.
tigerone1970 2 years ago
And the reason they can no longer buy fertilizers, is because the sanctions called for and drafted by the rhodesians in the MDC have destroyed the currency.
The likes of Eddie Cross were instrumental in creating ZDERA, which put the country of Zimbabwe on a credit freeze, by denying all access to existing credit overnight, which forced the government to start printing money to compensate.
Without the western created currency crisis, there would be no problems in Zimbabwe.
tigerone1970 2 years ago
tigerone1970, if u know your economics u know very well any voilent policies put place by a government drives foreign investment away, the failed policies of ZANU pf destroyed zim, and as for sanctions, u find me strong evidence on how sanctions against 200 government officials can wipe out economic growth as it has in zimbabwe. Nobody wants to keep investment in a country where the ppl have no respect for private property.
lesvokli 2 years ago
Lesvokli,
They never left.
Sanctions. Google:
zimbabwe democracy economic recovery act 2001 govtrack
The sanctions are in Section 4C, with some interesting passages in 3 and 4D.
The country of Zimbabwe was put on a credit freeze. These are not sanctions against 200 individuals, but against The Government of Zimbabwe (which represents the people of Zimbabwe). Notice that 'the Government of Zimbabwe' is mentioned not once but twice.
tigerone1970 2 years ago
(c) MULTILATERAL FINANCING RESTRICTION- ... the Secretary of the Treasury shall instruct the United States executive director to each international financial institution to oppose and vote against--
(1) any extension by the respective institution of any loan, credit, or guarantee to the Government of Zimbabwe; or
(2) any cancellation or reduction of indebtedness owed by the Government of Zimbabwe to the United States or any international financial institution.
tigerone1970 2 years ago
SEC. 3. DEFINITIONS.
In this Act:
(1) INTERNATIONAL FINANCIAL INSTITUTIONS- The term `international financial institutions' means the multilateral development banks and the International Monetary Fund.
tigerone1970 2 years ago
(2) MULTILATERAL DEVELOPMENT BANKS- The term `multilateral development banks' means the International Bank for Reconstruction and Development, the International Development Association, the International Finance Corporation, the Inter-American Development Bank, the Asian Development Bank, the Inter-American Investment Corporation, the African Development Bank, the African Development Fund, the European Bank for Reconstruction and Development, and the Multilateral Investment Guaranty Agency.
tigerone1970 2 years ago
These are the institutions with which the Zimbabwean government had it's credit lines, which as a result of this act were frozen in early 2002. Double digit inflation turned into hyperinflation in late 2003.
This means there is a closer correlation in time between world record hyperinflation and ZDERA, than there is with the formation of the MDC (1999) or the switch from 'willing buyer, willing seller' to Fast Track land reform (1997).
Hyperinflation was caused by sanctions.
tigerone1970 2 years ago
@tigerone1970 You cant educate him; he is a racist prick first, supremacist and cold blooded lier next.. If only he coud revisit cases such as Bolivia, NIcaragua and many ohter destabilized nations over resources; then may be he can start to understand that things arent how he thinks they are. He/she is not naive but one of those perpetrators of oppression of black Africans using big economic words which
intrepeco 7 months ago
arent helping the US economy itself currenctly. Only they know is that it is their birth right to EXPLOIT Africa after dehumanizing African people. Causing problems and then blaming them on Africans. Let him/her learn about why sanctions are now the weapon next to assassinations of African leaders or support of civil wars in African countries. Dont waste you time him or her.. they dont even acknowleadge oppression of people in own countries only because they are non whites!
intrepeco 7 months ago
The credit freeze was imposed by privately owned banks that saw giving credit out to voilent war veterans as too risky. Once again if u know you economics u would know this. The credit would not have been frozen if the Zim government had not attempted destructive policies. Banks borrow money from investors and then lend it out, y should they risk that borrowed money to outright unlawful, uneducated baboons? Bob has just twisted your mind in believing sactions destroyed Zim.
lesvokli 2 years ago
" The credit freeze was imposed by privately owned banks that saw giving credit out to voilent war veterans as too risky. "
Since when are the Secretary of the Treasury, or the US Senate 'privately owned banks'? In fact, this directive issued through the US senate is to prevent individual banks from using their own mechanisms and deciding to lend money to the Zimbabwean government.
Please re-read the Zimbabwe Democracy and Economic Recovery Act of 2001, as I have already posted it here.
tigerone1970 2 years ago
the US has no obligation to lend money to zimbabwe, especially when the US believes the money would be spent carelessly. Zimbabwe has its own banks, y demand from the US? And sanctions did not cause hyper inflation. Hyper inflation was caused by the mass printing off zim dollars which was been countermeasured by the massive drop in agriculture production and the huge increase in aggregate demand caused by the printing of money. All of these are failed policies leading to Zims demise. face it
lesvokli 2 years ago
And read carefully, the act is about removing sovereign debt that Zimbabwe has to the rest of the world, and if u read at the bottom of the act ull c that what the sanctions contain: A) identify ppl responisble for the voilence B) freeze their assets outside of Zim C) travel bans d) EVENTUAL REMOVAL OF THE SANCTIONS. Dude im sorry, u have no ground to speak. U just hate whites. And you know, Whites hate u too, expect the white world is better off, so GOOD RIDDANCE
lesvokli 2 years ago
Black zims r all in it for the money. They were hoping that money would fly out the sky when they illegally took away private property. Mugabe is stealing everything, his treated zimbabwe as his business not as a country. Yes over 100 thousand war veterans have moved onto the land, with like no production at all, destroying 5000 white lives and over 200 thousand black farm worker lives where there was able production. And u call this a correction of the past? i call it political propaganda!
lesvokli 2 years ago
Why isn't that land filled with cattle and other livestock?
tigerone1970 2 years ago