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Zimbabwe Inflation Rate is.......

Discussion in 'Political Discussion' started by wistahpatsfan, Sep 29, 2007.

  1. wistahpatsfan

    wistahpatsfan Rookie

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    soon to be 100,000 %! That is not a typo' !

    ..."In the economic meltdown, official inflation stands at nearly 7,000 percent, the highest in the world. Independent estimates put real inflation closer to 25,000 percent and the International Monetary Fund has forecast it reaching 100,000 percent by the end of the year."

    http://www.cnn.com/2007/WORLD/africa/09/28/zimbabwe.business.ap/index.html

    The Mugabe dictatorship has also ruled that all businesses must be over 51% black-owned. White business owners must hand over 51% of their businesses to black citizens. Only those businesses in existence before the independence in 1980 will be permitted to retain their ownership.

    Unbelievable! This is worse than racist...all governments of the wourl must cut off any relations to Zimbabwe immediately. Mugabe had such a great oppertunity to lead the (arguably) most beautiful African country in 1980. Now it's in ruins. What an a-hole!
  2. Real World

    Real World Moderator Staff Member

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    That's the country that keeps printing new money every few months right? I read about them. What a sad state.

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