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May 26, 2008
Zimbabwe Inflation Tops 1,000,000%
We don't have to guess at the results of putting people like Barack Obama in charge of the country. Zimbabwe has already tried government by racist black socialists. Thanks to Robert Mugabe, who destroyed the economy by looting Caucasians to give to his supporters, inflation in what was once the civilized nation of Rhodesia has now reached 1,063,572%:
As stores opened for business Wednesday, a small pack of locally produced coffee beans cost just short of 1 billion Zimbabwe dollars. A decade ago, that sum would have bought 60 new cars.
And fresh price rises were expected after the state Grain Marketing Board announced up to 25-fold increases in its prices to commercial millers for wheat and the corn meal staple.
As even AP admits:
The economic decline has been blamed on the collapse of the key agriculture sector following the often violent seizures of farmland from whites.
"Social justice" doesn't come cheap — as we may soon find out.
On a tip from Sean M.
Posted by Van Helsing at May 26, 2008 2:39 PM
Comments
There's nothing in Africa that can't be solved with a single AK round.
In this case, right into Mugabe's melon.
Posted by: nom de Moonebât at May 26, 2008 3:20 PM
Robert Mugabe supports Barry Obama for President. They both share the same lack of depth of economic planning and execution, to run a country.
Besides, are they not cousins or something?
Posted by: Oiao at May 26, 2008 3:20 PM
Just a side note since we are talking about the marvels of African Leadership and Zimbabwe’s stellar performance….
Obama’s cousin Mugabe labels U.S. diplomat a 'prostitute
Posted by: Oiao at May 26, 2008 5:28 PM
Sort of puts the recent price increases here in America into perspective. If that happened here a gallon of gas would go for $40,004/gallon.
Posted by: Anonymous at May 27, 2008 4:35 AM
