Comments on: x1,000 and x1,000,000 http://www.sokwanele.com/thisiszimbabwe/archives/1021 This is Zimbabwe is Sokwanele's pro-democracy activist blog. It provides grassroots news and views from Zimbabwe. Wed, 17 Mar 2010 01:43:09 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: True Grit http://www.sokwanele.com/thisiszimbabwe/archives/1021/comment-page-1#comment-235545 True Grit Thu, 05 Jun 2008 18:06:58 +0000 http://www.sokwanele.com/thisiszimbabwe/?p=1021#comment-235545 The Z$ plummeted to new record lows today, 5/6 trading at now over Z$1 billion to the US$, up from an average Z$700m at the beginning of the week. all prices of goods, which are all imported, have gone up sharply. A loaf of bread is now put at Z$600m, before the election it was Z$15m. The currency has now reached the stage of hyperinflation2 (squared) and until production and exports are restored it will simply continue to depreciate ever more sharply. This is equal to a situation where on a Monday a monthly wage will buy a two litre bottle of cooking oil, but by the Friday of the same week that same monthly wage would only buy one loaf of bread. Therefore the only respite would be to obtain some hard currency to survive. But there's the catch, this demand for a hedge against the inflation backfires on itself as the scramble for hard currency over-extends itself and the supply dries up. That's when you reach meltdown, and normal trading and bartering ceases, even the black market dries up and the result is chaos and anarchy.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('235545','True Grit'); return false;">Reply to this comment</a> --- <a href="#" class="quote" onclick="quote('235545','True Grit','The Z$ plummeted to new record lows today, 5\/6 trading at now over Z$1 billion to the US$, up from an average Z$700m at the beginning of the week. all prices of goods, which are all imported, have gone up sharply. A loaf of bread is now put at Z$600m, before the election it was Z$15m. The currency has now reached the stage of hyperinflation2 (squared)\r\nand until production and exports are restored it will simply continue to depreciate ever more sharply. \r\n\r\nThis is equal to a situation where on a Monday a monthly wage will buy a two litre bottle of cooking oil, but by the Friday of the same week that same monthly wage would only buy one loaf of bread. Therefore the only respite would be to obtain some hard currency to survive. But there\'s the catch, this demand for a hedge against the inflation backfires on itself as the scramble for hard currency over-extends itself and the supply dries up. That\'s when you reach meltdown, and normal trading and bartering ceases, even the black market dries up and the result is chaos and anarchy.'); return false;">Quote from this comment</a></div> The Z$ plummeted to new record lows today, 5/6 trading at now over Z$1 billion to the US$, up from an average Z$700m at the beginning of the week. all prices of goods, which are all imported, have gone up sharply. A loaf of bread is now put at Z$600m, before the election it was Z$15m. The currency has now reached the stage of hyperinflation2 (squared)
and until production and exports are restored it will simply continue to depreciate ever more sharply.

This is equal to a situation where on a Monday a monthly wage will buy a two litre bottle of cooking oil, but by the Friday of the same week that same monthly wage would only buy one loaf of bread. Therefore the only respite would be to obtain some hard currency to survive. But there’s the catch, this demand for a hedge against the inflation backfires on itself as the scramble for hard currency over-extends itself and the supply dries up. That’s when you reach meltdown, and normal trading and bartering ceases, even the black market dries up and the result is chaos and anarchy.

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]]> By: gurenkuraku http://www.sokwanele.com/thisiszimbabwe/archives/1021/comment-page-1#comment-234535 gurenkuraku Tue, 03 Jun 2008 23:45:05 +0000 http://www.sokwanele.com/thisiszimbabwe/?p=1021#comment-234535 Ho on earth can the UN (& Italy) can allow this murderous despot to waltz in unhindered, hijack the speaking platform at the UN food summit, no doubt indulge his love for expensive shopping in Rome then go back to Zimbabwe to continue his oppression and illegal rule. He is simply NOT the legitimate elected leader of Zimbabwe. Story (ABC Australia) re Mugabe hijacking the platform at the UN food summit and blog open for comment: http://www.abc.net.au/news/stories/2008/06/04/2264257.htm<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('234535','gurenkuraku'); return false;">Reply to this comment</a> --- <a href="#" class="quote" onclick="quote('234535','gurenkuraku','Ho on earth can the UN (& Italy) can allow this murderous despot to waltz in unhindered, hijack the speaking platform at the UN food summit, no doubt indulge his love for expensive shopping in Rome then go back to Zimbabwe to continue his oppression and illegal rule. He is simply NOT the legitimate elected leader of Zimbabwe.\r\n\r\nStory (ABC Australia) re Mugabe hijacking the platform at the UN food summit and blog open for comment: \r\n\r\nhttp:\/\/www.abc.net.au\/news\/stories\/2008\/06\/04\/2264257.htm'); return false;">Quote from this comment</a></div> Ho on earth can the UN (& Italy) can allow this murderous despot to waltz in unhindered, hijack the speaking platform at the UN food summit, no doubt indulge his love for expensive shopping in Rome then go back to Zimbabwe to continue his oppression and illegal rule. He is simply NOT the legitimate elected leader of Zimbabwe.

Story (ABC Australia) re Mugabe hijacking the platform at the UN food summit and blog open for comment:

http://www.abc.net.au/news/stories/2008/06/04/2264257.htm

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]]> By: Dave http://www.sokwanele.com/thisiszimbabwe/archives/1021/comment-page-1#comment-234340 Dave Tue, 03 Jun 2008 16:54:59 +0000 http://www.sokwanele.com/thisiszimbabwe/?p=1021#comment-234340 It looks as though the President of the USA is getting pissed off with RGM. Inzim.com have posted details of an white House announcement. text below Zimbabwe: Statement From the U.S. President Email This Page Print This Page Comment on this article Visit The Publisher's Site The White House (Washington, DC) DOCUMENT 3 June 2008 Posted to the web 3 June 2008 Washington, DC The following is a statement from the president of the United States of America: The continued use of government-sponsored violence in Zimbabwe, including unwarranted arrests and intimidation of opposition figures, to prevent the Movement for Democratic Change from campaigning freely ahead of the June 27 presidential runoff election is deplorable. We call on the regime to immediately halt all attacks and to permit freedom of assembly, freedom of speech, and access to the media. We urge the Southern African Development Community, the African Union, the United Nations, and other international organizations to blanket the country with election and human rights monitors immediately. We also are concerned by reports that misguided government policies are projected to result in one of the worst crop harvests in Zimbabwean history. While Robert Mugabe makes political statements in Rome, his people continue to face empty markets at home. The United States currently feeds more than 1 million Zimbabweans and spent more than $170 million on food assistance in Zimbabwe last year. We will continue these efforts to prevent government-induced starvation in Zimbabwe.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('234340','Dave'); return false;">Reply to this comment</a> --- <a href="#" class="quote" onclick="quote('234340','Dave','It looks as though the President of the USA is getting pissed off with RGM. Inzim.com have posted details of an white House announcement. text below\r\n\r\nZimbabwe: Statement From the U.S. President\r\n\r\n \r\n \r\n \r\n\r\nEmail This Page\r\n\r\nPrint This Page\r\n\r\nComment on this article\r\n\r\nVisit The Publisher\'s Site\r\n \r\n \r\n\r\nThe White House (Washington, DC)\r\n\r\nDOCUMENT\r\n3 June 2008\r\nPosted to the web 3 June 2008\r\n\r\nWashington, DC\r\n\r\nThe following is a statement from the president of the United States of America:\r\n\r\nThe continued use of government-sponsored violence in Zimbabwe, including unwarranted arrests and intimidation of opposition figures, to prevent the Movement for Democratic Change from campaigning freely ahead of the June 27 presidential runoff election is deplorable. We call on the regime to immediately halt all attacks and to permit freedom of assembly, freedom of speech, and access to the media. We urge the Southern African Development Community, the African Union, the United Nations, and other international organizations to blanket the country with election and human rights monitors immediately.\r\n\r\nWe also are concerned by reports that misguided government policies are projected to result in one of the worst crop harvests in Zimbabwean history. While Robert Mugabe makes political statements in Rome, his people continue to face empty markets at home. The United States currently feeds more than 1 million Zimbabweans and spent more than $170 million on food assistance in Zimbabwe last year. We will continue these efforts to prevent government-induced starvation in Zimbabwe.'); return false;">Quote from this comment</a></div> It looks as though the President of the USA is getting pissed off with RGM. Inzim.com have posted details of an white House announcement. text below

Zimbabwe: Statement From the U.S. President

Email This Page

Print This Page

Comment on this article

Visit The Publisher’s Site

The White House (Washington, DC)

DOCUMENT
3 June 2008
Posted to the web 3 June 2008

Washington, DC

The following is a statement from the president of the United States of America:

The continued use of government-sponsored violence in Zimbabwe, including unwarranted arrests and intimidation of opposition figures, to prevent the Movement for Democratic Change from campaigning freely ahead of the June 27 presidential runoff election is deplorable. We call on the regime to immediately halt all attacks and to permit freedom of assembly, freedom of speech, and access to the media. We urge the Southern African Development Community, the African Union, the United Nations, and other international organizations to blanket the country with election and human rights monitors immediately.

We also are concerned by reports that misguided government policies are projected to result in one of the worst crop harvests in Zimbabwean history. While Robert Mugabe makes political statements in Rome, his people continue to face empty markets at home. The United States currently feeds more than 1 million Zimbabweans and spent more than $170 million on food assistance in Zimbabwe last year. We will continue these efforts to prevent government-induced starvation in Zimbabwe.

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