Zimbabwe inflation? Three Suspects!By Rev. Gerald Mubaira

World highest inflation.8000 - 1000%+ +.Working poor.No cash!
Zimbabwe economy,three thieves,corruption,government, Minister of finance,Zimbabwe Reserve Bank = Gideon Gono,ZANU-PF.

Category:

News & Politics

Tags:

• Corruption.corrupter
• corrupted
• ZANU-PF
• government
• printing
• money

[VanDammeIndustries]

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

[ZimAnswer]

Thank you!Ndatenda

[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?

[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.

[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.

[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.

[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?

[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?

[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?"

[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.