Zimbabwe’s Present Is America’s Future
by Ian Mosley
Hyper-inflation has now hit the “paradise” of Zimbabwe, the brutal Marxist dictatorship of the senile Robert Mugabe, where runaway inflation has led to complete economic disaster. Zimbabwe’s Central Bank has introduced a new 50,000-dollar banknote after it conceded that the galloping and uncontrolled inflation would soon shoot up to a record 800 percent.
The new $50,000 bill is a kind of bilious purple, and at least it’s printed on both sides of the bill. (Some of Zimbabwe’s recent currency has only been printed on one side of the paper because the presses ran out of ink and there is no more to be had, except for precious and scarce foreign exchange.) Officially, the new $50,000 note is worth about fifty cents.
Zimbabwe is in the desperate grip of a total economic crisis characterized by triple-digit inflation, soaring poverty levels, an unemployment rate hovering at over 70% and chronic shortages of fuel and basic goods like cornmeal, milk, and gasoline. The country’s ruler, octogenarian “Comrade Bob” Mugabe, is now generally conceded by most observers in the international diplomatic community to be completely deranged, and yet he holds his grip on power by sheer terror. His thugs have murdered thousands of his own people and recently drove an estimated two million slum dwellers in Bulawayo and Harare (Salisbury) into the bush in a kind of “urban renewal” exercise called “Operation Mumbatsawina,” Shona for “Take Out The Trash.” The White population is now estimated to be below 30,000 as the last of the once prosperous and productive White farmers are driven from their land and out of the country. (more…)