News $100 billion note

Discussion in 'The Front Room' started by cHodAX, Jul 25, 2008.

  1. cHodAX

    cHodAX I am a FH squatter

  2. pikeh

    pikeh Resident Freddy

    "just this loaf of bread please mate"


    [​IMG]

    "That'll be ONE HUNDRED BEEEELLION DOLLARS! please"
     
    • Like Like x 2
  3. haarewin

    haarewin Fledgling Freddie

    crikey. can you imagine a loaf of bread costing £50billion?
     
  4. Litmus

    Litmus Resident Freddy

    Probally cheaper to burn money notes rather then spend the money on wood etc ;o
     
  5. kiliarien

    kiliarien Part of the furniture

    Crazy stuff, like the German problems in the early 1920's - the bank issued a 100,000,000,000,000 Mark note back then I think. If only someone would wipe out Mugabe, the crazy mofo.
     
  6. Lamp

    Lamp I am a FH squatter

    Must be insane working out change
     
  7. kiliarien

    kiliarien Part of the furniture

    Lol - imagine using a vending machine, idly putting a coin in to get a Mars bar and then thinking 'Oh fuck, that was 6 months' wages'.
     
  8. kivik

    kivik Part of the furniture

    It's not all blame on Mugabe really. Have every country in the world put up embargoes/sanctions against your country and see what a nice economy you will get. Was the same in Cuba.
     
  9. cHodAX

    cHodAX I am a FH squatter

    I am sorry, you are good guy but that is the most uninformed post in the history of Freddyshouse.

    First of all, the sactions only came 5 years after he evicted all the white farmers off the land. Those farms were what fed the people of Zimbabwe and accounted for the majority of the countries exports as well. From that day people in Zimbabwe have constantly struggled for food and the damage it did to the economy has caused hyper-inflation. It is entirely Mugabe's fault, he knew exactly what he was doing and exactly what the outcome would be, during the turmoil his actions have caused the guy has used it as a smokescreen to bank hundreds of millions of dollars in untraceable accounts. He has bankrupt his country to make a few people in his political party and army extremely rich. All the while his people have starved in thier millions.

    No one else is to blame, Mugabe fucked that country over because the guy is a thief.

    Oh and as for the embargos, only a few countries have done that, 95% of the world still trades with Zimbabwe despite the genocide going on there.
     
  10. kiliarien

    kiliarien Part of the furniture


    Agreed. Mugabe's land reform programme (which btw, he didn't even pass legally and sensibly) did not take into account that the 'veterans' who, fair play to them, had worked the land for some period of time, but had very little knowledge on many of the methods of common agri-business and most definitely had no grasp of the international or domestic markets that their crops were destined for.

    Even with the minority of countries embargoing him, he is still welcomed in those countries . He was in the UK less than three months ago. I do not advocate violence but in this case something has to be done.

    I was also a little disappointed by Morgan Changerai stepping down during the 'elcetions' - I see why he did it, but I feel it let down those people who had already died for the cause.

    Blimey this is all a bit somber! :(
     
  11. kivik

    kivik Part of the furniture

    Fair enough. I, admittely, didn't know much about the (economical) history of Zimbabwe.

    But surely, sanctions doesn't really help the economy and I wouldn't blame Mugabe for the sanctions. He might be the reason for them, but we are the ones issuing them.
     
  12. tierk

    tierk Part of the furniture

    This is where it all started....

    BBC NEWS | World | Africa | US backed Zimbabwe land reform

    Basically a deal was agreed on and worked for eighteen years. Then.......

    From a Zimbabwean official point of view....

     
  13. cHodAX

    cHodAX I am a FH squatter

    We haven't put sanctions up for medical or food aid as far as I am aware, we are just blocking them moving money out of the country and buying weapons.
     
  14. Uara

    Uara Part of the furniture

    the problem came with the fact that the White farmers managed the land on a much larger scale so they could produce decent amount of crops. Whereas during the land reform not only did those get their hands on the land not kno really about the business of farming on large areas. They also split the land into smaller areas so that more people could get hold of it. But then these people didn't work together and generally only thought about themselves thus essentially shooting themselves in the foot as individually they weren't able to make enough crops.
     
  15. tierk

    tierk Part of the furniture


    The problem is nothing quite as simple as you seem to think. The reality is that the region as a whole has been suffering from intemittent drought for a long stretch of time.



    I remember the drought in the early nineties as i was in Zambia for half on 91 and and almost all of 92 and not only was it severe in the extreme it was also across a really wide area and iirc affected almost 80% of all farming in the region as a whole - Zambia, Zimbabwe, Malawi, South Africa etc.

    To quote another useful source:

    Is it all the fault of Mugabe? Maybe to a certain extent yes he can be blamed but the i doubt very much that he can control either the weather or the policies of the British Government.
     
  16. WiZe^

    WiZe^ Can't get enough of FH

    Think we really need to invade Africa (again) to sort "stuff" out!!
     
  17. cHodAX

    cHodAX I am a FH squatter

    If there was oil in Zimbabwe then we would have gone in years ago. Instead we sit back and allow another Rwanda, we let genocide happen there because it was only a few million blacks dying and the 'what is in it for us?' mentality of the so called civilised world.
     
  18. old.Tohtori

    old.Tohtori FH is my second home

    Actually it's the mentality of the human nature.

    Noone does anything without some gain to self. Be it good feeling or even a smile.

    If you do something and get ntohing, not even a thank you, you get pissed off.

    Multiply by a nation and voila, it's quite normal.
     
  19. WiZe^

    WiZe^ Can't get enough of FH

    well we can still have the diamonds and ehm *cough* slaves as well :flame:
     
  20. Cadelin

    Cadelin Part of the furniture

    The economic situation is almost entirely Mugabe's fault.

    The British Government paid Zimbabwe £35 million over 8 years, thats less than 5 million a year. This money was intended to directly compensate white farmers so none of it should have gone to Mugabe anyway. Mugabe took the farm land anyway so the only losers in this situation should have been the white farmers.

    The sanctions on Zimbabwe are targetted at Mugabe and his closest allies. They are also not UN sanctions so there is nothing wrong with countries other than the EU/US from trading with Zimbabwe.

    Hyper-inflation to the extent seen in Zimbabwe can only be caused by one thing and thats the government printing money in order to buy things.
     
  21. Ctuchik

    Ctuchik FH is my second home

    that may be true but its not THEM that suffers from it. so it makes the whole deal pretty useless.
     
  22. tierk

    tierk Part of the furniture

    Agreed.

    The problem wasnt that Mugabe was taking the money but rather redistrbuting the land to his own supporters.


    Only after the British government decided in their infinite wisdom to stop making the payments. Up until that point, the transfer of land was on a purely voluntary basis.

    Correct. The reason that the IMF and world bank refuse to help Zimbabwe is because the government refuses to repay on outstanding loans that have built up and also a point blank refusal to implement changes to the economic policy that have destroyed what little was left of his economy.

    Again Correct.

    Sanctions always work this way and it is always the people that are most affected by these type of cations. One only needs to look at Iraq under Saddam in the 90's for a good example of how effective sanctions arent.
     
  23. Ctuchik

    Ctuchik FH is my second home

    sure, but there isnt anything else to do but to print more money or make a completely new currency.

    and right now its easier to just print more money. because i dont think making a new currency will help as long as USA + lapdogs keeps ruining it.
     
  24. Overdriven

    Overdriven Not a sandwich

    I know this is all bad, but wouldn't it be cool to demand 100bn and then just get given that note? :D

    Atleast you'd be an official billionaire somewhere :(
     
  25. Cadelin

    Cadelin Part of the furniture

    I would disagree. The sanction used on Zimbabwe are not the same as the sanctions used on Iraq, Iran or Afganhistan for example.

    The EU has imposed travel restriction and has frozen the bank accounts of top Zimbabwe officials. There are also some restrictions on arms but Mugabe isn't bombing his own people. People in Zimbabwe are also still able to travel to neighbouring countries to buy things.

    While the sanctions don't directly hurt the Zimbabwe people you may well argue that they are still pretty useless. The restrictions don't really hurt Mugabe and it allows him to shift some of the blame for economic problems to other people.
     

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