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October 9, 2008

Social Justice Drives Zimbabwe Inflation to 231,000,000%

Here's a glimpse of the future that awaits us, when the government realizes there is no way to pay off its debts and meet its entitlement obligations without devaluing the currency.

Officials in Zimbabwe report the nation's annual inflation rate rose to a record 231 million percent in July as efforts to create a unity government remain deadlocked.
The state-run Herald newspaper Thursday reports Zimbabwe's Central Statistical Office as saying higher food prices are the primary cause of the growth in inflation.

Zimbabwe was once known as the Breadbasket of Africa. Then President Robert Mugabe was elected, and implemented heavy-handed, race-based socialist policies. Sound familiar? It soon will, if Obama is elected.

Robert Mugabe
Elections have consequences.

On a tip from Matt L.

Posted by Van Helsing at October 9, 2008 11:31 AM


It wont get quite that bad here. But the next 4 years will be a real nightmare. Its almost like Hugo Chavez is about to take power. Once he has it, he wont give it up easily.

Posted by: Anonymous at October 9, 2008 11:41 AM


I'm not sure Barack is the next Robert Mugabe. But I'm sure it's not going to be pretty.

All Hail Our New Socialist Overlords!

Posted by: Exit Strategy at October 9, 2008 11:52 AM

231,000,000% Is that monthly or yearly? LOL!

Why bother having money at all? Thats ridiculous. Does anyone actually use money in that country? Weimar Germany was something like a trillion %. They got a ways to go to hit that.

Posted by: Anonymous at October 9, 2008 11:54 AM

Tsk tsk, Van. Don't you know it's racist to compare two black men to each other?

Posted by: Anonymous at October 9, 2008 12:08 PM

I know it's easy to point fingers, but what options do we really have? We can print more money, which will lead to inflation; we can borrow even more money from China which we'll just turn around and give to the Middle East for oil and to spend on the war; or we can raise taxes. I like paying taxes. It buys me civilisation.

Posted by: Anonymous at October 9, 2008 1:22 PM

Or you know, we could deport the illegal immigrants who cost us BILLIONS to feed and educate.

Posted by: Anonymous at October 9, 2008 1:43 PM

No, this is bad, real bad. Elections certainly do have consequences.
The really major bad things that have happened, have happened under Democratic administrations.
Roosevelt's New Deal and then Johnson's Great (sic) Society that led to generation after generation of dependency, criminality and entitlements; Carter's withdrawal of support for the Shah of Iran that caused us to lose a foothold in the Mideast, turned Iran into an enemy and perhaps the next nuclear power (along with his giving away of the Panama Canal - greatly demoralizing); A Democratic congress aided by a liberal press slashed away and eventually defeated US efforts in Viet Nam; Clinton's apathy and ineptitude toward Bin Laden and terrorism that precipitated 9-11 (where are the ‘Truthers’ where it concerns Clinton, Jamie Gorelick, Sandy Berger, etc?).

Carter's initiation and Clinton and Barney Frank's perpetuation of the current mortgage fiasco that could lead to economic collapse lasting for a decade.

The list goes on. Compare this disgraceful litany with Reagan's positive economic policies and bringing down the Soviet Union. Democrats have had many more policies and practices that have had long-lasting negative repercussions than have the Republicans.

The mess we have domestically and the difficulty experienced in foreign adventures has derived largely from Democratic stupidity. Meanwhile liberal intimidation of free speech, weakening of laws, chronic civil litigation, groveling to the lowest levels of society and a tenacious disregard for decency has contributed to an emasculated society hostile to true conservatives since Reagan held the Executive Branch.

Posted by: Fiberal at October 9, 2008 1:49 PM

"...or we can raise taxes. I like paying taxes. It buys me civilisation."

How about we raise REVENUE instead? Revenue is money, property, goods and services paid to the government. TAXES are just the DEMAND for the above.

Let me give you a lesson in BASIC economics:
You have a business that makes "widgets". You pay 25% of your profits in taxes. The government wants MORE money from you while you want to increase your profit. Here's two ways to go about this:
ONE: You can take part of your profits to expand your business to make "dohickies". Not only have you increased your profits 20%, but you have benefited OTHER businesses that supply the materials for the dohickies AND you have employed more people. This means that the government will get more REVENUE from you without increasing taxes. Now think about all the OTHER people who benefited from your expansion: the builders who added on to your factory, the people who supply the materials, the people you hored, the distributors and salesmen, ect.
TWO: the government can raise TAXES, meaning that you either have less profit, or you RAISE THE PRICES of your widgets. You will then have LESS money to make improvements or repairs on your factory, or expand into the dohickey industry. That means that all those people you were going to hire and all the ralated industries (Including the diner across the street where your employees eat lunch) also fail to benefit from an expanded business.
REMEMBER: They pay taxes too!

Posted by: KHarn at October 9, 2008 2:12 PM

KHarn, how dare you be logical! Off to the Obama Re-education camp with you! After listening to "Great Speeches by Dear Leader Obama" 24 hours a day 9 days a week (ok the 9 day week thing is a secret so dont tell anyone - you still get 2 days weekends but must now work 7 days to pay for all the great programs Dear Leader will provide), its only a matter of time before you change your thinking. Remember, before you can leave the camp you must learn to love Dear Leader Obama or face a cage full of rats on your head.

Posted by: Anonymous at October 9, 2008 5:12 PM

"...or we can raise taxes. I like paying taxes. It buys me civilisation."

Very nicely done.
My guess is that this tax-loving nimrod is British what with the "s" in civilisation, so possibly that may be one less ineducable invertebrate to vote for BO.

Posted by: Fiberal at October 9, 2008 6:54 PM


Posted by: Spurwing Plover at October 9, 2008 9:35 PM

I have also noted that 99% of those who use phrases such as "I like paying taxes" have never actually paid in any taxes. Typically these comments are made by college or high school students who just don't know any better.

Posted by: Anonymous at October 10, 2008 12:58 AM

"Anonymous at October 9, 2008 5:12 PM"

(singing) Obama's gonna change us, Obama's gonna bring freeedom....
(Wakes up) OH my God! What a nightmare!

"I have also noted that 99% of those who use phrases such as "I like paying taxes" have never actually paid in any taxes."

Wasn't it in the movie "Across the Rio Grand" where John Wayne told his sergent/aide "You never paid any tax except the WHISKEY tax."

Posted by: KHarn at October 10, 2008 2:43 PM