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Thursday, October 09, 2008

231,000,000

No, that’s not the amount of my own, personal bailout check from Uncle Sugar (pity); it’s the newly revised Zimbabwean inflation rate.

imbabwe’s annual inflation rate - already the world’s highest - has soared to 231,000,000%, newly released official figures for July show.

The rise - from 11,200,000% last month - was largely due to increases in the prices of bread and cereals.

A landmark power-sharing deal between President Robert Mugabe and opposition leader Morgan Tsvangirai has failed to ease the country’s economic crisis.

Ouch.

I’ve been so involved in watching our own nation’s political scrum that I’ve neglected to write about the situation in Zimbabwe. I’ll try to rectify that in the near future with a piece that I’ve had in my head for a number of weeks about why we can’t expect Zimbabwe’s power-sharing deal to work--and why if it does work, we should worry for the MDC.

There ain’t no justice for Zimbabwe, is there?

For now, though, read the story.

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They’re completely screwed, aren’t they? What a shame - Zimbabwe used to be a beacon of hope in Africa. Now it’s just another failed crap state, thanks to an authoritarian leftist leader with delusions of grandeur.

Our turn next, but it’ll take longer.

on Oct 09 2008 @ 04:34 PM

My mother in law brought us each home one Five Billion Dollar Bill from Zimbabwe.  Which is, obviously, more or less worthless.  But maybe if I stash them in the baby books for 30 years....

on Oct 09 2008 @ 06:30 PM

See!  the money will never be totally worthless!  Maybe that is what keeps inflation under infinity, the money as gag gifts!

on Oct 12 2008 @ 09:05 PM

All praise be the gag gift!

on Oct 13 2008 @ 09:33 AM
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