DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Biggest Economies Face $7.6 Trillion Bond Tab

**phpfoxmods** · 01-05-2012, 04:58 AM

Governments of the world’s leading economies have more than $7.6 trillion of debt maturing this year, with most facing a rise in borrowing costs. ...

When all these governments start printing $$$ simply because it becomes uneconomical to borrow or because nobody in fact wants to lend them $$$ anymore, then we can all start living in the spirit of Mugabe.

Welcome to Zimbabwe!

Zimbabwe:
Subject: HYPERINFLATION IN ZIMBABWE..
In this world, everybody is rushing and chasing for the money.... Some people fighting and killing each others just because of money... In Zimbabwe , all the peoples having a lot of money but they're poor.... WHY ??

500 million note, just printed in May 2008.....everybody can have it....maybe just nice for 1 breakfast/lunch (equal to about USD 2)

Everybody is billionaire.........

To buy food in plastic packet.......you have to spend at least 10 million

To buy chicken.....how many million ?

If you want to eat in restaurant, please prepare the money.........

After eat have to drinks..............

After getting montly salary.........you need to rent a taxi or lorry to bring back the money.....

YOUNG KID .....ALREADY BILLIONAIRE

NOBODY WANT TO COUNT THE MONEY JUST WEIGHT IT

Comment:
Analyst's have blamed controversial Zimbabwean President Robert Mugabe's mismanagement for the country's predicament. An August 2008 BBC article notes:
Zimbabwe is in the midst of a dire economic crisis with unemployment at almost 80%, most manufacturing at a halt and basic foods in short supply.

High money supplies have also been fuelling hyperinflation. Critics have accused President Robert Mugabe's government of printing money to finance his election campaign and prop up the economy. Month-on-month inflation in the country accelerated to 839.3% from 433.4%.

01-05-2012, 04:58 AM	#2
phpfoxmods Join Date Oct 2005 Posts 337 Senior Member	Governments of the world’s leading economies have more than $7.6 trillion of debt maturing this year, with most facing a rise in borrowing costs. ... When all these governments start printing $$$ simply because it becomes uneconomical to borrow or because nobody in fact wants to lend them $$$ anymore, then we can all start living in the spirit of Mugabe. Welcome to Zimbabwe! Zimbabwe: Subject: HYPERINFLATION IN ZIMBABWE.. In this world, everybody is rushing and chasing for the money.... Some people fighting and killing each others just because of money... In Zimbabwe , all the peoples having a lot of money but they're poor.... WHY ?? 500 million note, just printed in May 2008.....everybody can have it....maybe just nice for 1 breakfast/lunch (equal to about USD 2) Everybody is billionaire......... To buy food in plastic packet.......you have to spend at least 10 million To buy chicken.....how many million ? If you want to eat in restaurant, please prepare the money......... After eat have to drinks.............. After getting montly salary.........you need to rent a taxi or lorry to bring back the money..... YOUNG KID .....ALREADY BILLIONAIRE NOBODY WANT TO COUNT THE MONEY JUST WEIGHT IT Comment: Analyst's have blamed controversial Zimbabwean President Robert Mugabe's mismanagement for the country's predicament. An August 2008 BBC article notes: Zimbabwe is in the midst of a dire economic crisis with unemployment at almost 80%, most manufacturing at a halt and basic foods in short supply. High money supplies have also been fuelling hyperinflation. Critics have accused President Robert Mugabe's government of printing money to finance his election campaign and prop up the economy. Month-on-month inflation in the country accelerated to 839.3% from 433.4%.
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