|
Korean Job Discussion Forums
"The Internet's Meeting Place for ESL/EFL Teachers from Around the World!"
|
| View previous topic :: View next topic |
| Author |
Message |
Pluto
Joined: 19 Dec 2006
|
 Posted: Wed Jul 09, 2008 5:41 am Post subject: Zimbabwe's Central Banker, "Bible Told Me to" |
 |
|
Zimbabwe central banker answers to Mugabe, bible
| Quote: |
Custodian of a currency in free fall in a country ravaged by hyperinflation, Gideon Gono, Zimbabwe's central-bank governor, scoffs at "traditional economics" and seeks guidance elsewhere.
He says he reads the Bible.
This, says the guardian of Zimbabwe's monetary policy, has taught him the importance of obeying Robert Mugabe, the country's 84-year-old leader and architect of policies widely blamed for the destruction of a once-flourishing African economy.
"Anyone who says the bank governor should violate the head of state is violating a principle that Jesus Christ demanded of his disciples," says Mr. Gono, a churchgoing Christian and former commercial banker. "A key element Christ looked for in his disciples was loyalty." |
...
| Quote: |
| Every few months, Mr. Gono presents a review of the central bank's policies. Each ends with the same message: "In God's hands I submit this Monetary Policy Statement." |
Currently US$1>ZMB$1Billion with an inflation rate well above 100,000%. Admittedly, I'm not very religious but I don't think the word inflation appears anywhere in the bible. Moreover, such a transfer of wealth (read:Government theft) to the ruling class seems to be very unbecoming of a Christian. People still seem to think they can get away with anything so long as they invoke the name of Jesus, Allah or whatever the deity of the day might be.
Interesting how he scoffs at "traditional economics." This just goes to show what ends up happening when you abandon the scientific method in favor of a 2 thousand year old book full of myths and riddles. |
|
| Back to top |
|
 |
mithridates
Joined: 03 Mar 2003
Location: President's office, Korean Space Agency
|
| Posted: Wed Jul 09, 2008 5:55 am Post subject: Re: Zimbabwe's Central Banker, "Bible Told Me to" |
|
|
| Pluto wrote: |
| Interesting how he scoffs at "traditional economics." This just goes to show what ends up happening when you abandon the scientific method in favor of a 2 thousand year old book full of myths and riddles. |
Actually it would probably be better for the country if he _did_ follow the Bible, that's how bad the economic situation is.
35 ' If one of your brethren becomes poor, and falls into poverty among you, then you shall help him, like a stranger or a sojourner, that he may live with you.
fail
5 He who does not put out his money at usury, Nor does he take a bribe against the innocent. He who does these things shall never be moved. (Psalm 15:5)
fail
12 "In you they take bribes to shed blood; you take usury and increase; you have made profit from your neighbors by extortion, and have forgotten Me," says the Lord GOD.
fail
The land shall be entirely emptied and utterly plundered, For the LORD has spoken this word.
success! |
|
| Back to top |
|
|
ernie
Joined: 05 Aug 2006
Location: asdfghjk
|
| Posted: Wed Jul 09, 2008 6:54 pm Post subject: |
|
|
| didn't jebus forgive the dude who sold him out? that wasn't very loyal... oh wait, he's quoting the bible, so logic left the equation a long time ago... |
|
| Back to top |
|
|
mises
Joined: 05 Nov 2007
Location: retired
|
| Posted: Wed Jul 09, 2008 9:10 pm Post subject: Re: Zimbabwe's Central Banker, "Bible Told Me to" |
|
|
| Pluto wrote: |
| Currently US$1>ZMB$1Billion with an inflation rate well above 100,000%. |
| Quote: |
Comparing Old Mutual's share price in London and Harare, Josh Giersch concludes that there are now 35 billion Zimbabwean dollars to one US dollar - up from a mere 17 billion on Friday. Which would put annualized inflation, he says (I haven't checked his math) at 430,000,000,000,000,000,000,000,000,000,000,000,000%. May as well just round it up to the nearest billion quadrillion quadrillion, at this rate. |
From The Economist.
The German firm that sells the paper to Zim for the printing of money has agreed to stop.
| Quote: |
German firm halts bank note sales to Mugabe regime
FRANKFURT, Germany - A German company that has been supplying paper used by Zimbabwe's central bank to print bank notes said Tuesday it is stopping shipments immediately at the request of Germany's government.
The move could be a new problem for the regime of President Robert Mugabe, which has been churning out currency amid skyrocketing inflation that forces Zimbabweans to shop with bundles of cash. |
http://news.yahoo.com/s/ap/20080701/ap_on_re_af/germany_zimbabwe
I doubt it will have any impact, unfortunately. |
|
| Back to top |
|
|
nautilus
Joined: 26 Nov 2005
Location: Je jump, Tu jump, oui jump!
|
| Posted: Thu Jul 10, 2008 1:40 am Post subject: Re: Zimbabwe's Central Banker, "Bible Told Me to" |
|
|
| mises wrote: |
| there are now 35 billion Zimbabwean dollars to one US dollar - up from a mere 17 billion on Friday. |
The Rhodesian dollar was 1:1 with the American dollar.
After only 28 years of black rule...buying a loaf of bread costs the same amount you could have bought the entire continent for.
The economic policy is dictated by former baby-killing terrorist Mugabe, Gono is just his muppet.
"President Robert Mugabe has promised to print more money"
http://article.wn.com/view/2007/07/28/We_will_print_more_money_Mugabe/
Most of the monopoly money churned out is used to pay off Mugabe's allies and foot soldiers to keep them on side.
But bad news: the German company hired to print the worthless banknots has pulled out.
"The German company Giesecke & Devrient had a licence to print money to fuel Zimbabwe's hyper-inflationary economy. But now that it has bowed to pressure to stop, who will print all those zeros on Robert Mugabe's bank notes?"
http://blogs.guardian.co.uk/news/2008/07/zimbabwe_giesecke_devrient_sto.html
This is what happens when the west, suffering from post-colonial guilt, rushes to install a terrorist leader and his fellow gangsters as a president, simply because he is black. |
|
| Back to top |
|
|
mises
Joined: 05 Nov 2007
Location: retired
|
| Posted: Thu Jul 10, 2008 8:42 am Post subject: Re: Zimbabwe's Central Banker, "Bible Told Me to" |
|
|
| nautilus wrote: |
This is what happens when the west, suffering from post-colonial guilt, rushes to install a terrorist leader and his fellow gangsters as a president, |
Didn't the demographics of Rhodesia determine this? If memory serves, whites were 5.5% of the population when Smith lost that election. This is exactly the opposite for the demos for Canada, where Natives makeup 5.5% of the population. |
|
| Back to top |
|
|
nautilus
Joined: 26 Nov 2005
Location: Je jump, Tu jump, oui jump!
|
| Posted: Thu Jul 10, 2008 11:24 pm Post subject: Re: Zimbabwe's Central Banker, "Bible Told Me to" |
|
|
| mises wrote: |
| Didn't the demographics of Rhodesia determine this? If memory serves, whites were 5.5% of the population |
Sure the whites were a minority that quickly lost power when One-man one vote was brought in.
It was by no means inevitable that whites would lose power. Rhodesian security forces had fought successfully for 15 years against Mugabe's insurgents. They had never lost a battle. Thats right. They never lost a single skirmish. Militarily, Rhodesian troops were in control. There were more blacks fighting on the Rhodesian side than whites.
So what happened?
Western interference is what happened.
Rhodesia relied on South Africa for oil and equipment, etc. Thus it could have survived the barrage of international sanctions- much like Mugabe can now, with his lifeline from Thabo Mbeki.
American delegates, headed by Kissinger, promised South Africa many gaurantees if they stopped supporting Rhodesia. One was that they would never put sanctions on South Africa.
Overnight, Pretoria sealed its borders to Rhodesia.
Ultimately Rhodesia was forced to accede to the demands of the west for free elections. having unilaterally declared independence since 1965, it then had no choice but to momentarilly become a British colony again for a few hours while Prince Charles flew in to formally hand over power to Mugabe. |
|
| Back to top |
|
|
nautilus
Joined: 26 Nov 2005
Location: Je jump, Tu jump, oui jump!
|
| Posted: Thu Jul 10, 2008 11:33 pm Post subject: Re: Zimbabwe's Central Banker, "Bible Told Me to" |
|
|
| mises wrote: |
| Canada, where Natives makeup 5.5% of the population. |
Because they were all killed when white settlers first arrived in Canada.
In Zimbabwe and South Africa, white settlers accomodated and benefitted indigenous people, rather than wiping them out.
100 years later the black population had swelled to the millions it is today. Mostly due to the agriculture and food production of the whites.
South Africa and Zimbabwe are both biting the hands that feed them, out of racial spite. Its no wonder that such former thriving economies are now little more than beggars for food aid. But the whole situation was brought about by outside interference from the West. |
|
| Back to top |
|
|
Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
|
| Posted: Fri Jul 11, 2008 4:21 pm Post subject: |
|
|
| Quote: |
| After only 28 years of black rule |
I'm interested in the correlation between hyperinflation and being black. Is there evidence the finance minister in the Weimar Republic was black? |
|
| Back to top |
|
|
Bryan
Joined: 29 Oct 2007
|
| Posted: Fri Jul 11, 2008 4:47 pm Post subject: Re: Zimbabwe's Central Banker, "Bible Told Me to" |
|
|
| nautilus wrote: |
| Because they were all killed when white settlers first arrived in Canada. |
You call people dying of disease being "killed"? |
|
| Back to top |
|
|
nautilus
Joined: 26 Nov 2005
Location: Je jump, Tu jump, oui jump!
|
| Posted: Fri Jul 11, 2008 6:26 pm Post subject: Re: Zimbabwe's Central Banker, "Bible Told Me to" |
|
|
| Bryan wrote: |
| nautilus wrote: |
| Because they were all killed when white settlers first arrived in Canada. |
You call people dying of disease being "killed"? |
You're telling me that the indigenous people in Canada were not cleared, killed, harrassed, attacked and otherwise herded off their land? So that todays white settlers could live on stolen land and call it Canada?
Not sure what they told you in school but history is taught by the victors I suupose. |
|
| Back to top |
|
|
nautilus
Joined: 26 Nov 2005
Location: Je jump, Tu jump, oui jump!
|
| Posted: Fri Jul 11, 2008 6:31 pm Post subject: |
|
|
| Ya-ta Boy wrote: |
I'm interested in the correlation between hyperinflation and being black. |
I'm interested in the correlation between your great grandpappy stealing the land of native Americans. |
|
| Back to top |
|
|
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
