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	<title>Comments on: Listening to Gideon Gono&#8217;s  mid-term budget monetary statement</title>
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	<description>This is Zimbabwe is Sokwanele&#039;s pro-democracy activist blog. It provides grassroots news and views from Zimbabwe.</description>
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		<title>By: Mike</title>
		<link>http://www.sokwanele.com/thisiszimbabwe/archives/1366/comment-page-1#comment-271605</link>
		<dc:creator>Mike</dc:creator>
		<pubDate>Fri, 01 Aug 2008 01:00:24 +0000</pubDate>
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		<description>He can&#039;t lop the 6 or 7 zeros off the rate of inflation...&lt;div class=&quot;comment-remix-meta&quot;&gt;&lt;a href=&quot;#&quot; class=&quot;replyto&quot; onclick=&quot;replyto(&#039;271605&#039;,&#039;Mike&#039;); return false;&quot;&gt;Reply to this comment&lt;/a&gt; --- &lt;a href=&quot;#&quot; class=&quot;quote&quot; onclick=&quot;quote(&#039;271605&#039;,&#039;Mike&#039;,&#039;He can\&#039;t lop the 6 or 7 zeros off the rate of inflation...&#039;); return false;&quot;&gt;Quote from this comment&lt;/a&gt;&lt;/div&gt;</description>
		<content:encoded><![CDATA[<p>He can&#8217;t lop the 6 or 7 zeros off the rate of inflation&#8230;
<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('271605','Mike'); return false;">Reply to this comment</a> &#8212; <a href="#" class="quote" onclick="quote('271605','Mike','He can\'t lop the 6 or 7 zeros off the rate of inflation...'); return false;">Quote from this comment</a></div>
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		<title>By: Malcolm</title>
		<link>http://www.sokwanele.com/thisiszimbabwe/archives/1366/comment-page-1#comment-271600</link>
		<dc:creator>Malcolm</dc:creator>
		<pubDate>Thu, 31 Jul 2008 20:43:02 +0000</pubDate>
		<guid isPermaLink="false">http://www.sokwanele.com/thisiszimbabwe/?p=1366#comment-271600</guid>
		<description>Re sanctions - consider the duplicity here;

Mugabe is believes it&#039;s his sole right to determine who can be graced with his patronage; who he wants to observe his elections, which journalists can write about what he wants, which judges should do his bidding to whom, who should be arrested and persecuted, who should be immune from the law, what rules he wants to set, and what lies he wants to be taken for truths. 

If the West tries to exercise their right of dis-association they are meddling, colonialistic-minded racists.&lt;div class=&quot;comment-remix-meta&quot;&gt;&lt;a href=&quot;#&quot; class=&quot;replyto&quot; onclick=&quot;replyto(&#039;271600&#039;,&#039;Malcolm&#039;); return false;&quot;&gt;Reply to this comment&lt;/a&gt; --- &lt;a href=&quot;#&quot; class=&quot;quote&quot; onclick=&quot;quote(&#039;271600&#039;,&#039;Malcolm&#039;,&#039;Re sanctions - consider the duplicity here;\r\n\r\nMugabe is believes it\&#039;s his sole right to determine who can be graced with his patronage; who he wants to observe his elections, which journalists can write about what he wants, which judges should do his bidding to whom, who should be arrested and persecuted, who should be immune from the law, what rules he wants to set, and what lies he wants to be taken for truths. \r\n\r\nIf the West tries to exercise their right of dis-association they are meddling, colonialistic-minded racists.&#039;); return false;&quot;&gt;Quote from this comment&lt;/a&gt;&lt;/div&gt;</description>
		<content:encoded><![CDATA[<p>Re sanctions &#8211; consider the duplicity here;</p>
<p>Mugabe is believes it&#8217;s his sole right to determine who can be graced with his patronage; who he wants to observe his elections, which journalists can write about what he wants, which judges should do his bidding to whom, who should be arrested and persecuted, who should be immune from the law, what rules he wants to set, and what lies he wants to be taken for truths. </p>
<p>If the West tries to exercise their right of dis-association they are meddling, colonialistic-minded racists.
<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('271600','Malcolm'); return false;">Reply to this comment</a> &#8212; <a href="#" class="quote" onclick="quote('271600','Malcolm','Re sanctions - consider the duplicity here;\r\n\r\nMugabe is believes it\'s his sole right to determine who can be graced with his patronage; who he wants to observe his elections, which journalists can write about what he wants, which judges should do his bidding to whom, who should be arrested and persecuted, who should be immune from the law, what rules he wants to set, and what lies he wants to be taken for truths. \r\n\r\nIf the West tries to exercise their right of dis-association they are meddling, colonialistic-minded racists.'); return false;">Quote from this comment</a></div>
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		<title>By: Alphast</title>
		<link>http://www.sokwanele.com/thisiszimbabwe/archives/1366/comment-page-1#comment-271595</link>
		<dc:creator>Alphast</dc:creator>
		<pubDate>Thu, 31 Jul 2008 14:12:40 +0000</pubDate>
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		<description>Do these people realize that there is no international sanction on Zimbabwe at all (except the arms embargo)? I mean that the only sanctions have been taken against individuals in the ZANU-PF that are known to have multiple murders on their conscience. That includes Mugabe, of course.&lt;div class=&quot;comment-remix-meta&quot;&gt;&lt;a href=&quot;#&quot; class=&quot;replyto&quot; onclick=&quot;replyto(&#039;271595&#039;,&#039;Alphast&#039;); return false;&quot;&gt;Reply to this comment&lt;/a&gt; --- &lt;a href=&quot;#&quot; class=&quot;quote&quot; onclick=&quot;quote(&#039;271595&#039;,&#039;Alphast&#039;,&#039;Do these people realize that there is no international sanction on Zimbabwe at all (except the arms embargo)? I mean that the only sanctions have been taken against individuals in the ZANU-PF that are known to have multiple murders on their conscience. That includes Mugabe, of course.&#039;); return false;&quot;&gt;Quote from this comment&lt;/a&gt;&lt;/div&gt;</description>
		<content:encoded><![CDATA[<p>Do these people realize that there is no international sanction on Zimbabwe at all (except the arms embargo)? I mean that the only sanctions have been taken against individuals in the ZANU-PF that are known to have multiple murders on their conscience. That includes Mugabe, of course.
<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('271595','Alphast'); return false;">Reply to this comment</a> &#8212; <a href="#" class="quote" onclick="quote('271595','Alphast','Do these people realize that there is no international sanction on Zimbabwe at all (except the arms embargo)? I mean that the only sanctions have been taken against individuals in the ZANU-PF that are known to have multiple murders on their conscience. That includes Mugabe, of course.'); return false;">Quote from this comment</a></div>
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		<title>By: Malcolm</title>
		<link>http://www.sokwanele.com/thisiszimbabwe/archives/1366/comment-page-1#comment-271591</link>
		<dc:creator>Malcolm</dc:creator>
		<pubDate>Thu, 31 Jul 2008 09:13:55 +0000</pubDate>
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		<description>I recall complaining about the following when 3 zeros were lopped off my measly teacher&#039;s pay - the effect is magnified by a much greater factor;

Consider an amount of $4895500000, say for a bought item. There are no fractions of a cent so it now becomes 49 cents. In effect the trader has lost the equivalent of $4500000. And because no-one likes to lose money the item will be rounded up to the new $0.50. In one fell swoop item will have a price increase of $104500000.

Apply the same effect to an bank account, where obviously the error will be in favour of the bank. Add the un-resolved &#039;gains&#039; for multiple accounts and there is going to be a substantial amount of money with no owner - until some enterprising banker pops all the accrued rounded down figures into an account of his own.

Mathematics was not my teaching subject - computers was. If the banks will maintain all the decimal points the system will crash all the same. The software falls short on recording digits, irrespective of where the decimal point falls. To be sure, trailing zeros will be superfluous. 

All the same, an error by a factor of 3 was bad enough, now there will be an additional error by 10.&lt;div class=&quot;comment-remix-meta&quot;&gt;&lt;a href=&quot;#&quot; class=&quot;replyto&quot; onclick=&quot;replyto(&#039;271591&#039;,&#039;Malcolm&#039;); return false;&quot;&gt;Reply to this comment&lt;/a&gt; --- &lt;a href=&quot;#&quot; class=&quot;quote&quot; onclick=&quot;quote(&#039;271591&#039;,&#039;Malcolm&#039;,&#039;I recall complaining about the following when 3 zeros were lopped off my measly teacher\&#039;s pay - the effect is magnified by a much greater factor;\r\n\r\nConsider an amount of $4895500000, say for a bought item. There are no fractions of a cent so it now becomes 49 cents. In effect the trader has lost the equivalent of $4500000. And because no-one likes to lose money the item will be rounded up to the new $0.50. In one fell swoop item will have a price increase of $104500000.\r\n\r\nApply the same effect to an bank account, where obviously the error will be in favour of the bank. Add the un-resolved \&#039;gains\&#039; for multiple accounts and there is going to be a substantial amount of money with no owner - until some enterprising banker pops all the accrued rounded down figures into an account of his own.\r\n\r\nMathematics was not my teaching subject - computers was. If the banks will maintain all the decimal points the system will crash all the same. The software falls short on recording digits, irrespective of where the decimal point falls. To be sure, trailing zeros will be superfluous. \r\n\r\nAll the same, an error by a factor of 3 was bad enough, now there will be an additional error by 10.&#039;); return false;&quot;&gt;Quote from this comment&lt;/a&gt;&lt;/div&gt;</description>
		<content:encoded><![CDATA[<p>I recall complaining about the following when 3 zeros were lopped off my measly teacher&#8217;s pay &#8211; the effect is magnified by a much greater factor;</p>
<p>Consider an amount of $4895500000, say for a bought item. There are no fractions of a cent so it now becomes 49 cents. In effect the trader has lost the equivalent of $4500000. And because no-one likes to lose money the item will be rounded up to the new $0.50. In one fell swoop item will have a price increase of $104500000.</p>
<p>Apply the same effect to an bank account, where obviously the error will be in favour of the bank. Add the un-resolved &#8216;gains&#8217; for multiple accounts and there is going to be a substantial amount of money with no owner &#8211; until some enterprising banker pops all the accrued rounded down figures into an account of his own.</p>
<p>Mathematics was not my teaching subject &#8211; computers was. If the banks will maintain all the decimal points the system will crash all the same. The software falls short on recording digits, irrespective of where the decimal point falls. To be sure, trailing zeros will be superfluous. </p>
<p>All the same, an error by a factor of 3 was bad enough, now there will be an additional error by 10.
<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('271591','Malcolm'); return false;">Reply to this comment</a> &#8212; <a href="#" class="quote" onclick="quote('271591','Malcolm','I recall complaining about the following when 3 zeros were lopped off my measly teacher\'s pay - the effect is magnified by a much greater factor;\r\n\r\nConsider an amount of $4895500000, say for a bought item. There are no fractions of a cent so it now becomes 49 cents. In effect the trader has lost the equivalent of $4500000. And because no-one likes to lose money the item will be rounded up to the new $0.50. In one fell swoop item will have a price increase of $104500000.\r\n\r\nApply the same effect to an bank account, where obviously the error will be in favour of the bank. Add the un-resolved \'gains\' for multiple accounts and there is going to be a substantial amount of money with no owner - until some enterprising banker pops all the accrued rounded down figures into an account of his own.\r\n\r\nMathematics was not my teaching subject - computers was. If the banks will maintain all the decimal points the system will crash all the same. The software falls short on recording digits, irrespective of where the decimal point falls. To be sure, trailing zeros will be superfluous. \r\n\r\nAll the same, an error by a factor of 3 was bad enough, now there will be an additional error by 10.'); return false;">Quote from this comment</a></div>
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		<title>By: kuchema</title>
		<link>http://www.sokwanele.com/thisiszimbabwe/archives/1366/comment-page-1#comment-271590</link>
		<dc:creator>kuchema</dc:creator>
		<pubDate>Thu, 31 Jul 2008 08:38:14 +0000</pubDate>
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		<description>@Malcolm: Hear hear. The stick aimed at Economics falls on our backs, though. When are we going to stand up and face the ones wielding the sticks?&lt;div class=&quot;comment-remix-meta&quot;&gt;&lt;a href=&quot;#&quot; class=&quot;replyto&quot; onclick=&quot;replyto(&#039;271590&#039;,&#039;kuchema&#039;); return false;&quot;&gt;Reply to this comment&lt;/a&gt; --- &lt;a href=&quot;#&quot; class=&quot;quote&quot; onclick=&quot;quote(&#039;271590&#039;,&#039;kuchema&#039;,&#039;@Malcolm: Hear hear. The stick aimed at Economics falls on our backs, though. When are we going to stand up and face the ones wielding the sticks?&#039;); return false;&quot;&gt;Quote from this comment&lt;/a&gt;&lt;/div&gt;</description>
		<content:encoded><![CDATA[<p>@Malcolm: Hear hear. The stick aimed at Economics falls on our backs, though. When are we going to stand up and face the ones wielding the sticks?
<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('271590','kuchema'); return false;">Reply to this comment</a> &#8212; <a href="#" class="quote" onclick="quote('271590','kuchema','@Malcolm: Hear hear. The stick aimed at Economics falls on our backs, though. When are we going to stand up and face the ones wielding the sticks?'); return false;">Quote from this comment</a></div>
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		<title>By: Malcolm</title>
		<link>http://www.sokwanele.com/thisiszimbabwe/archives/1366/comment-page-1#comment-271588</link>
		<dc:creator>Malcolm</dc:creator>
		<pubDate>Wed, 30 Jul 2008 21:48:53 +0000</pubDate>
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		<description>Excellent! Now relativity of the $20 loaf of bread and $15 taxi fare to the $200 wage (of a civil servant) will be readily appreciable to even the least mathematically minded. The impoverisation of the worker and unemployed Zimbabwean alike will pop into stark reality.

These moves, of course do nothing about inflation, which will dictate that inevitably a zero will sooner of later (probably sooner) creep onto the end of that bread price and taxi fare. Then, and I may stand corrected if wrong, in effect 11 zero&#039;s will have been surreptitiously added - and that&#039;s even ignoring the 3 zeros Gono lost in his previous attempt at being a monetary Gideon Scissorhands.

I forsee for a start, the comeback of the .99 ploy, so favoured by traders until the cent lost it&#039;s significance years ago.

I predict that this monetary statement will hasten the demise of ZANU(PF) and strengthen dissent. Ecconomics is one enemy that the JOC cannot beat into submission with a big stick.&lt;div class=&quot;comment-remix-meta&quot;&gt;&lt;a href=&quot;#&quot; class=&quot;replyto&quot; onclick=&quot;replyto(&#039;271588&#039;,&#039;Malcolm&#039;); return false;&quot;&gt;Reply to this comment&lt;/a&gt; --- &lt;a href=&quot;#&quot; class=&quot;quote&quot; onclick=&quot;quote(&#039;271588&#039;,&#039;Malcolm&#039;,&#039;Excellent! Now relativity of the $20 loaf of bread and $15 taxi fare to the $200 wage (of a civil servant) will be readily appreciable to even the least mathematically minded. The impoverisation of the worker and unemployed Zimbabwean alike will pop into stark reality.\r\n\r\nThese moves, of course do nothing about inflation, which will dictate that inevitably a zero will sooner of later (probably sooner) creep onto the end of that bread price and taxi fare. Then, and I may stand corrected if wrong, in effect 11 zero\&#039;s will have been surreptitiously added - and that\&#039;s even ignoring the 3 zeros Gono lost in his previous attempt at being a monetary Gideon Scissorhands.\r\n\r\nI forsee for a start, the comeback of the .99 ploy, so favoured by traders until the cent lost it\&#039;s significance years ago.\r\n\r\nI predict that this monetary statement will hasten the demise of ZANU(PF) and strengthen dissent. Ecconomics is one enemy that the JOC cannot beat into submission with a big stick.&#039;); return false;&quot;&gt;Quote from this comment&lt;/a&gt;&lt;/div&gt;</description>
		<content:encoded><![CDATA[<p>Excellent! Now relativity of the $20 loaf of bread and $15 taxi fare to the $200 wage (of a civil servant) will be readily appreciable to even the least mathematically minded. The impoverisation of the worker and unemployed Zimbabwean alike will pop into stark reality.</p>
<p>These moves, of course do nothing about inflation, which will dictate that inevitably a zero will sooner of later (probably sooner) creep onto the end of that bread price and taxi fare. Then, and I may stand corrected if wrong, in effect 11 zero&#8217;s will have been surreptitiously added &#8211; and that&#8217;s even ignoring the 3 zeros Gono lost in his previous attempt at being a monetary Gideon Scissorhands.</p>
<p>I forsee for a start, the comeback of the .99 ploy, so favoured by traders until the cent lost it&#8217;s significance years ago.</p>
<p>I predict that this monetary statement will hasten the demise of ZANU(PF) and strengthen dissent. Ecconomics is one enemy that the JOC cannot beat into submission with a big stick.
<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('271588','Malcolm'); return false;">Reply to this comment</a> &#8212; <a href="#" class="quote" onclick="quote('271588','Malcolm','Excellent! Now relativity of the $20 loaf of bread and $15 taxi fare to the $200 wage (of a civil servant) will be readily appreciable to even the least mathematically minded. The impoverisation of the worker and unemployed Zimbabwean alike will pop into stark reality.\r\n\r\nThese moves, of course do nothing about inflation, which will dictate that inevitably a zero will sooner of later (probably sooner) creep onto the end of that bread price and taxi fare. Then, and I may stand corrected if wrong, in effect 11 zero\'s will have been surreptitiously added - and that\'s even ignoring the 3 zeros Gono lost in his previous attempt at being a monetary Gideon Scissorhands.\r\n\r\nI forsee for a start, the comeback of the .99 ploy, so favoured by traders until the cent lost it\'s significance years ago.\r\n\r\nI predict that this monetary statement will hasten the demise of ZANU(PF) and strengthen dissent. Ecconomics is one enemy that the JOC cannot beat into submission with a big stick.'); return false;">Quote from this comment</a></div>
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		<title>By: Mbudzi Yadhura</title>
		<link>http://www.sokwanele.com/thisiszimbabwe/archives/1366/comment-page-1#comment-271587</link>
		<dc:creator>Mbudzi Yadhura</dc:creator>
		<pubDate>Wed, 30 Jul 2008 19:53:05 +0000</pubDate>
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		<description>As long as ZANUPf is killing people, the economy will never know peace. The people are the economy. Gono should have addressed Mugabe that it does not solve the economy by killing MDC people so that ZANUPF people only remain in Zimbabwe. Even if Mugabe alone remains, the economy will be after him. Respect of life and rule of law are the basics of a vibrant economy. Mugabe must learn this. Sorry Rob you will never no peace.&lt;div class=&quot;comment-remix-meta&quot;&gt;&lt;a href=&quot;#&quot; class=&quot;replyto&quot; onclick=&quot;replyto(&#039;271587&#039;,&#039;Mbudzi Yadhura&#039;); return false;&quot;&gt;Reply to this comment&lt;/a&gt; --- &lt;a href=&quot;#&quot; class=&quot;quote&quot; onclick=&quot;quote(&#039;271587&#039;,&#039;Mbudzi Yadhura&#039;,&#039;As long as ZANUPf is killing people, the economy will never know peace. The people are the economy. Gono should have addressed Mugabe that it does not solve the economy by killing MDC people so that ZANUPF people only remain in Zimbabwe. Even if Mugabe alone remains, the economy will be after him. Respect of life and rule of law are the basics of a vibrant economy. Mugabe must learn this. Sorry Rob you will never no peace.&#039;); return false;&quot;&gt;Quote from this comment&lt;/a&gt;&lt;/div&gt;</description>
		<content:encoded><![CDATA[<p>As long as ZANUPf is killing people, the economy will never know peace. The people are the economy. Gono should have addressed Mugabe that it does not solve the economy by killing MDC people so that ZANUPF people only remain in Zimbabwe. Even if Mugabe alone remains, the economy will be after him. Respect of life and rule of law are the basics of a vibrant economy. Mugabe must learn this. Sorry Rob you will never no peace.
<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('271587','Mbudzi Yadhura'); return false;">Reply to this comment</a> &#8212; <a href="#" class="quote" onclick="quote('271587','Mbudzi Yadhura','As long as ZANUPf is killing people, the economy will never know peace. The people are the economy. Gono should have addressed Mugabe that it does not solve the economy by killing MDC people so that ZANUPF people only remain in Zimbabwe. Even if Mugabe alone remains, the economy will be after him. Respect of life and rule of law are the basics of a vibrant economy. Mugabe must learn this. Sorry Rob you will never no peace.'); return false;">Quote from this comment</a></div>
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