Zimbabwe: 2,000,000% Inflation 'highest in the world'

[fedepistero06]

want to talk to you about inflation. Here in Argentina was a real problem in 1989

[tatomuck18]

WOW!!!

I wanna move to Zimbawe and become a TRILLIONAIRE!!!!

I could be FILTHY RICH in Zimbabwe! Why do TRILLIONAIRES continue to where dirty ripped clothes when they could buy expensive suits and live like kings!

Why do people give money to Zimbabwe as if they are suffering in poverty when they are soo freaking rich! They walk around with HUUGGGEE STACKS of MONEY!!!

[e105b5]

Central banks are private instituitions which print money out of nowhere (as I'm sure you know!) I don't know what else caused this but I'd bet the central bank of Zimbabwe is partly is not mostly to blame.

[KingSolomonUW2004]

I fell asleep mon listening this discussion mon, what does this have to do for Reggae world? It's time for 420, have some kaya and a coke. zzzzzzzzzzzzzzzzzzzz.... This is boring.

[zantesh]

tbh im foreighn and im white.. and honoustly .. all of the fuking farmland was taken away from the white man .. seized even.. and shared among black men and women who did not deserve it.. and dont blame the white farmers.. it was their predecessors that stole the land not them!.. imagine ur home and land being seized and gives to squatters

[imgonnaeatyounow]

ur sooo cute!!

i dont uderstand a lot about wat r u talking about.. but im coming to zimbabwe with UNICEF... =D

[fox20012]

Yeah lol, his voice is cute, remides me of ali gi a bit

BTW 5 stars! Keep up this good info!

The US is heading for some major major inflation

[Luffyone]

Foreign whites should be banned from discussing Zimbabwe. They lack the intellectual capacity to think critically and discuss facts instead descending into lowest common denominator racialist nonsense.

[Luffyone]

HOW CAN "THE BLACKS" OR "THE WHITES" HAVE ENOUGH PULL TO DETERMINE THE FATE OF THE COUNTRY WHEN ZIMBABWE IS A MARXIST DICTATORSHIP RUN UNILATERALLY???

Zimbabwe is NOT a democracy "run by blacks", you fucking dumb ass. No matter what color you are, your fate is determined entirely by ZANU PF and Robert Mugarbage (and the scum that bolsters them like China). It doesn't matter if you're educated or not.

[Luffyone]

You are fucking stupid. I don't even mind racist rhetoric as long as there is some degree of reason and substantiation but you are just beyond sub-human. You are commenting on this video even though you don't know ANYTHING about the Zimbabwe crisis. The indigenous Zimbabwean population has nothing to do with what happened. The government (ZANU-PF) embezzled money, terrorized its people and put an end to farming. What the hell does that have to do with race?

[Luffyone]

FUCK you, white filth.

[Znaika1]

There are no sanctions against Zimbabwe. Sanctions are targeted against about 200 corrupt ZANU officials, like former minister of women's affairs, Joyce Mujuru, who fraudulently received Z$389,472 from War Victims Compensations Fund prior its collapse in 1997 and leaving hundreds of thousand disabled without any means for existence. Mujuru received the money on the basis of 'poor vision' and 'mental stress disorder'. And these targeted sanctions are by US and EU only. China and SA are opened.

[Znaika1]

The sanctions that exist are against a very limited number of corrupt ZANU officials like Mujurus, Mugabes, Zvinavashe etc. and businesses owned by them. The list is less than 200 names; other 15 million Zimbabweans and all fair Zim businesses are free to trade with anyone abroad. Furthermore the sanctions that exist are by US and EU only. Other countries did not join these sanctions, so 200 thieves have no restrictions to trade with or stash their money in China, SA, and all other countries.

[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

[Znaika1]

Mchigubu, you keep ranting about sanctions, yet you have failed to explain how targeted sanctions against corrupt ZANU leaders can possibly affect poor. You also failed to provide an example of independent Zimbabwe business that has been rejected an import or export deal because of sanctions. I gave you names, dates and facts - you keep repeating cheap slogans with no fact in their support. This is called propaganda. So, please find such an example and explain how poor are affected by sanctions.

[unixcommercevideo]

Zimbabwe should join church communities and start trading goods and services based on their previous skill or trade. The government is only their to keep all order including economic order. It has failed at that. Their are much more important things than politcal agendas like food clothing and shelter. They should go back to basics and by all means, the basics are the framework of any monetary system and are only basic if you consider rectangle paper cutouts (legal tender) an advanced concept.

[icecube45]

interesting coments....where are you from?

[groundsman]

zim official inflation now 238 million%. Real inflation estimated to be nearer to 27 Quintillion %. Prices rising half-hourly

[groundsman]

haha! not that it matters now cause the US $ and the rand have taken over. Thank goodness for that!

[fuckmugabe6]

million 6 (1,000,000)

billion 9 (1,000,000,000)

trillion 12 (1,000,000,000,000)

quadrillion 15 (1,000,000,000,000,000)

quintillion 18 (1000,000,000,000,000,000)

sextillion 21 (1,000,000,000,000,000,000,000­)

septillion 24 (1,000,000,000,000,000,000,000­,000)

octillion 27 (1,000,000,000,000,000,000,000­,000,000)

nonillion 30 (1,000,000,000,000,000,000,000­,000,000,000)

decillion 33 (1,000,000,000,000,000,000,000­,000,000,000,000)

[Acts520]

You can do something about Zimbabwe besides wring your hands. Please see video posted by Acts520.

[Fuckmugabe]

Mugabe once blamed inflation on 'Greedy businesses' demanding price rises. This encouraged him to set up price controls. But, as mentioned these have been ineffective in preventing inflation.

Other Mugabe supporters have tried to blame the inflation as a 'Western Import'. Although this assertion is rather bizarre given that inflation is relatively low in Western economies

[raincloudeyeballs]

hey tim its sam, your dad told me about your website. good video!

[2bbgunsup]

I've got a video on Zimbabwe too.

[machipisazim]

1978 two years before independence Zimbabwe's black farmers produced 518,000 tons of maize/corn. 1981 only one year after white rule those same farmers produced 1,054,000 tons of maize, in 1985 they went better still and produced 1,780,000 tons of maize WHY? The price paid, in 1978 by the white government paid black farmers $53 per ton of maize. 1981 the Mugabe government paid $120 per ton and in 85, $180 per ton. This sharply revised policy is Zimbabwe's Farming Miracle not white magic

[Lav1lle]

Mach...Stop quoting what INFRASTRUCTURE the blacks inherited from the whites -HOW MUCH DO THEY PRODUCE TODAY ?Fuckall!!innit ? And I'm sure you'll find a racist way of making this whiteys's fault .Typical of what we are used to hearing from your kind .

[Luffyone]

"Typical of what we are used to hearing from your kind"??? He didn't even say anything remotely resembling an assertion that it's "whitey's fault", you fucking plebeian!

TYPICAL conceited white filth, always assuming we see you and your kind as a threat. Few people care about/blame the whites. The farms were given to ZANU-PF party members and Mugabe's family members. You are completely clueless.

[shakkkkkkka]

Zimbabwe was there during the Roman Empire, British empire now the American Empire it will be there forever because thats were the Levis are(Rozvi). How many black brits are killing each other with knives and gun-crime calling it black on black thats a hard life.Africans will suffer all over the world till they wake up and unite.

[shakkkkkkka]

Zimbabweans are tired of slavery in their own land, 4thousand white farmers owning two thirds of rich fertile soil and 10million owning nothing and on top of that whites bring AIDS and lie that it came from an African monkey, they are such a sick people with a sick mind.Rodney King wa treated worse that an animal and some blacks still lick whiteman's bottom, fucken sell outs

[Lav1lle]

You are talking about 30 years ago -that excuse is a bit thin now you ignorant pleb .The fact is that the blacks have fucked up Zim , and nobody cares a fuck who you try to blame .your international reputation for corruption and lies makes you laughing stock here in the EU and the world.

[Luffyone]

Fucking idiot. The "blacks" don't control Zimbabwe - ZANU-PF does. Why are you subhumans unable to use you brains?

[shakkkkkkka]

There is Gold in Zimbabwe that rhodes from britain took worth trillions now back then it was worth 77million. Imagine if Oprah had taken that Gold that would benefit the black community.There is numerous minerals in Zimbabwe, imagine if Tyson had bought those mines he would not be broke today.Why can't rich blacks in America ignore the corrupted media and invest in Zimbabwe Oh I forgot most of them are uncle Toms anyway.

[shakkkkkkka]

If you blacks in UK, US and all those in the rich countries would invest in Zimbabwe and holiday in Zimbabwe the inflation would not be so bad. Do u know the seventh wonder of the world is in Zimbabwe. Did you know that the ancients in Zimbabwe built a civilization called the Mutapa Empire(Imhotep). All I'm saying is most blacks in the West don't even consider what Malcom X said. I'll remind you lets build bridge between us and Africa.

[ondjima]

oh you asked why it happened- its mugabe and zanu-pf's majorly liberal socialist policies that have caused their downfall. 1- chase off productive business owners (causing loss of jobs and money in economy - they leave, so does their money), ie- mugabe put a limit on how much a farmer can charge for a cow, which is too low to be worth the farmer's time, so they don't sell it, this same deal accross the board causes shortages and high prices.. also sanctions imposed by the rest of the world.

[talkwallstreetdotorg]

real talks maximum price level control never ends up working so why try now? and like you said too liberal needs more structure and discipline and in the right ways to help push forward some chance of a respectable democracy and stable economy

[ondjima]

actual inflation is over 15 million %, however the highest in history was probably yugoslavia after WW2, when inflation ran at 50 quadrillion percent, which is 50 followed by 15 0's, or 50,000,000,000,000,000

[alexmagnus1]

You probably mean Hungary after the WW2 (where they had a banknote of as high as one sextillion pengö) .Yugoslavia went thorugh its worst inflation later, in 1990s, and it was some billion percent.

[pmspurs]

Well done!

[talkwallstreetdotorg]

thx

[fedepistero06]

@talkwallstreetdotorg want to talk to you about inflation. Here in Argentina was a real problem in 1989.

[machipisazim]

I need your help I am a Zimbabwean how is Inflation measured

[EuroNoobz]

maybe one day the price of the paper on which the money is printed will exceed the value tht is printed on it.. ? uhhh. is tht proper english??

LOL, maybe tht's the case already. they must have wallets the size of a truck

[talkwallstreetdotorg]

the printing of paper situation is starting to get worse I heard the other day the central bank of Zimbabwe is having major problems with it

[EuroNoobz]

sugAr tht is xD

[EuroNoobz]

nice vid.

its a sad situation in Zimbabwe..

Personally i think Zimbabwe wouldt be better off with mugabe shot or sumpthin. it'll be chaos at first. but i've come to think: how can it get any worse? an inflation of 12mil. %? tht will mean the price of a bread wont even get u a single slice the next day!! thts sick!

a suggestion to u. try to look into the camera, ur so.... reading :P. an maybe get us a shot of, lets say, a bag of money used to buy a bag of suger.. LOL

[talkwallstreetdotorg]

thx I noticed tht I gotta work on the eye contact with the camera more and tht's a good suggestion for a bag of money lol i'm hearing the government will soon not even be able to afford to have any more dollar notes printed now can you imagines what that alone will do to spike Inflation!

[ChesterDoraemon]

to put it in perspective, when buying a bag of rice, each grain of rice is worth more than 1 zimbabwe dollar. i knew mugabe was a crook in 2005 he must go but he is too busy selling out his country for zhing-zhongs.

[WalletDoctor]

At some point the United Nations has to take a proactive approach to stopping the dictatorial tyranny of oppressive political leadership. Prof. Eric Powers, Ph.D. of the University of South Carolina, recently spoke of the abhorrent conditions Rhodesians are facing just to live day to day. I say Rhodesia because Zimbabwe has failed!