Lessons from Zimbabwe
Lessons from Zimbabwe

With quantitative easing all the rage around the world, the following quote from the Sovereign man is worth considering:

“In early 2009, the government of Zimbabwe finally capitulated– they realized they simply couldn’t print enough zeros in order to keep up with the hourly price changes in the country… and in the blink of an eye, they did away with their currency.

Today, Zimbabwe no longer has its own currency. The country effectively deals in cash only, in foreign currencies. Merchants take whatever they can get– US dollars, euro, South African rand, etc.

When the government abandoned the currency, though, there was no warning. Anyone holding Zimbabwe dollars was robbed of their savings overnight– there was no national program to convert Zim dollars into something else, the currency simply became unusable.

Quite literally, people in Zimbabwe woke up in the morning and found whatever savings they were holding in cash and bank accounts was no longer a valid medium of exchange… and some folks lost everything.

I think there is an important lesson here: We can all observe the warning signs, and while there’s no need to rush into panicked reactions, measured preparations are critical.”

The Sovereign man also comments on Mugabe having already destroyed agriculture and mining. I couldn’t help thinking about the Australian government’s efforts with agriculture here and here. No need to mention the mining tax.

I guess Gillard’s socialism is manifesting itself in the same way as Mugabe’s. Not surprising given Australia and Zimbabwe were both relatively prosperous mineral and agriculturally well endowed countries. Hopefully Australians will wake up to the Gillard-Green government coalition before we get too much further down the Zimbabwean path. Gillard has no shortage of paving stones.



53 Comments
  1. realistic vibrator

    […]please visit the websites we stick to, like this a single, as it represents our picks in the web[…]

  2. vibrating dildo

    […]the time to study or visit the content or web-sites we have linked to beneath the[…]

  3. vibrating dildo

    […]The info mentioned inside the article are a few of the most beneficial accessible […]

  4. powerful vibrator

    […]very couple of web sites that occur to be comprehensive below, from our point of view are undoubtedly nicely worth checking out[…]

  5. pc games for windows xp

    […]just beneath, are various absolutely not related web sites to ours, having said that, they are certainly really worth going over[…]

  6. nipple pumps

    […]very handful of websites that happen to be detailed beneath, from our point of view are undoubtedly very well really worth checking out[…]

  7. basement remodeling in Atlanta

    […]check below, are some completely unrelated internet websites to ours, having said that, they may be most trustworthy sources that we use[…]

  8. lucky palace casino

    […]please check out the sites we adhere to, such as this 1, because it represents our picks from the web[…]

  9. Wax Jars

    […]check below, are some totally unrelated websites to ours, nevertheless, they’re most trustworthy sources that we use[…]

  10. Queen duvet covers

    […]please go to the websites we stick to, like this one, because it represents our picks through the web[…]

  11. Best Bluetooth Speaker Manufacturer

    […]Here is a superb Blog You may Come across Interesting that we Encourage You[…]

  12. rampant rabbit vibrator

    […]Every once in a while we select blogs that we read. Listed below are the newest web pages that we opt for […]

  13. Venture Point Network

    […]Sites of interest we’ve a link to[…]

  14. vibe

    […]The data talked about inside the article are some of the most beneficial available […]

  15. but plug review

    […]one of our visitors recently recommended the following website[…]

  16. I Love News Paper

    […]usually posts some extremely fascinating stuff like this. If you’re new to this site[…]

  17. gold vibrator

    […]usually posts some pretty interesting stuff like this. If you’re new to this site[…]

  18. This product include of ready made web site allowing you to resell this software instantly. Additional items such as graphics, marketing articles, promotional text and other items may also included with the package as well.

    […]Lessons from Zimbabwe | LOVE FREEDOM TRUTH[…]

  19. app download for windows 10

    […]Wonderful story, reckoned we could combine several unrelated data, nonetheless definitely worth taking a search, whoa did a single master about Mid East has got much more problerms also […]

  20. hotels in norman okla

    The Road to Hell is Paved with Good Intentions

  21. dildos

    […]check below, are some absolutely unrelated internet websites to ours, nonetheless, they’re most trustworthy sources that we use[…]

  22. washing

    […]that could be the end of this post. Here you’ll find some sites that we believe you will enjoy, just click the links over[…]

  23. label besi

    […]Here is a great Blog You may Uncover Fascinating that we Encourage You[…]

  24. waterproof vibrator

    […]The info talked about within the post are a few of the ideal available […]

  25. The best international food recipes

    […]we prefer to honor many other net web-sites on the internet, even though they aren’t linked to us, by linking to them. Beneath are some webpages really worth checking out[…]

  26. butt plug

    […]Wonderful story, reckoned we could combine several unrelated data, nonetheless truly worth taking a search, whoa did one particular learn about Mid East has got more problerms as well […]

  27. best gay sex toys

    […]we like to honor quite a few other world-wide-web web pages around the web, even when they aren’t linked to us, by linking to them. Under are some webpages worth checking out[…]

  28. butt plug

    […]usually posts some really fascinating stuff like this. If you’re new to this site[…]

  29. Butterfly Sex Toy

    […]Here are some of the web pages we recommend for our visitors[…]

  30. Surprise Candles

    […]that could be the end of this article. Here you will discover some web-sites that we feel you will enjoy, just click the hyperlinks over[…]

  31. rabbit vibe

    […]one of our visitors not too long ago encouraged the following website[…]

  32. rental bond cleaning Melbourne

    […]although web sites we backlink to beneath are considerably not associated to ours, we really feel they’re basically worth a go by way of, so have a look[…]

  33. kala jadu

    […]The information mentioned inside the write-up are a few of the top obtainable […]

  34. wet wild g

    […]Here are a number of the internet sites we advocate for our visitors[…]

  35. what is the best luxury sex toys

    […]usually posts some quite fascinating stuff like this. If you are new to this site[…]

  36. Butterfly Sex Toy

    […]please pay a visit to the web-sites we comply with, such as this 1, because it represents our picks from the web[…]

  37. Hand Held Massager

    […]very handful of internet websites that occur to become comprehensive beneath, from our point of view are undoubtedly well really worth checking out[…]

  38. Realistic Vibrator

    […]usually posts some pretty interesting stuff like this. If you’re new to this site[…]

  39. Sportsheets Bed Restraint

    […]very few internet websites that occur to become comprehensive beneath, from our point of view are undoubtedly well worth checking out[…]

  40. adam and eve

    […]below you will discover the link to some websites that we consider you need to visit[…]

  41. adam and eve sex toy shop

    […]the time to read or pay a visit to the material or websites we have linked to beneath the[…]

  42. end of lease house cleaning Melbourne

    […]just beneath, are various entirely not associated sites to ours, having said that, they may be certainly really worth going over[…]

  43. stay hard longer

    […]usually posts some extremely exciting stuff like this. If you are new to this site[…]

  44. pc games for windows xp

    […]we like to honor quite a few other internet websites on the internet, even though they aren’t linked to us, by linking to them. Beneath are some webpages worth checking out[…]

  45. skidsteer repairs

    […]Every as soon as in a even though we select blogs that we read. Listed below are the most current internet sites that we opt for […]

  46. masaj cu finalizare bucuresti

    The Road to Hell is Paved with Good Intentions

  47. anal sex toys

    […]although web-sites we backlink to below are considerably not associated to ours, we really feel they are truly really worth a go by means of, so have a look[…]

  48. adam and eve sex store

    […]Here are some of the internet sites we recommend for our visitors[…]

  49. pc games for windows 7

    […]Sites of interest we’ve a link to[…]

  50. adam and eve

    […]Wonderful story, reckoned we could combine some unrelated information, nevertheless really worth taking a look, whoa did one learn about Mid East has got far more problerms at the same time […]

  51. sex toys anal

    […]one of our guests recently advised the following website[…]

  52. free download for pc

    […]one of our visitors lately advised the following website[…]

  53. #hvacservice

    […]Every when inside a though we decide on blogs that we study. Listed below would be the newest internet sites that we select […]