The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label zimbabwe. Show all posts
Showing posts with label zimbabwe. Show all posts

Tuesday, May 16, 2017

Return of a gold backed currency could begin in Zimbabwe as government looks at finally stabilizing Zimdollar

The African nation of Zimbabwe has long been the poster child of fiat currency failures.  It first began when Mugabe hyper-inflated their 'dollar' in the late 1990's, and then was followed by the country simply going on a U.S. dollar standard that failed during the years leading up to, and following the 2008 financial crisis.

Then more recently Zimbabwe has tried to tether their currency to the RMB with limited results.

So after three failed attempts to stabilize their monetary system over a 20 year period it appears that President Mugabe is now considering a return to a gold standard, and could be the first country in over 45 years to back their money with precious metals.

Government is working on a plan to establish a gold reserve set to anchor the introduction of a local currency when the right time comes for the return to the Zimdollar, it has been learnt. 
This comes at a time when the country is grappling with cash shortages and economists believe the issuance of a gold backed local currency would help stimulate economic activity. 
Modelled around the $200 million Afreximbank facility, which is backing the current bond notes in circulation, economists believe the local currency will ease liquidity challenges and stimulate aggregate demand. 
Plans to create a gold reserve involve investing in the efficient operations of Government's gold mining firms, including Sabi, Elvington and Jena gold mines. - All Africa

Sunday, May 1, 2016

Zimbabwe becomes newest economy to demand an end to sanctions against Russia

Earlier this week, a majority of France’s parliament voted to end their nation’s policy of Russian sanctions in light of a continuing deterioration in their economic output.  And on April 30 another economy, this one from Africa, joined its voice in calling for an end of trade restrictions against Russia that were forged out of Washington’s desire for a resurgence of a cold war against Moscow.
The condemnation of current and ongoing sanctions on Russia by the U.S. was provided by Zimbabwean Foreign Minister Simbarashe Mumbengegwi, who spoke out against Washington during trade talks with Russian Industry and Trade Minister Denis Manturov.
chna africa trade
Read more on this article here...

Monday, January 25, 2016

Venezuela past the point of no return, expected to be next hyper-inflationary state

It has been about a decade since the last instance of true hyperinflation rocked a nation state, with Zimbabwe becoming the most recent ‘Weimar Republic’ example in the global economy.  And while their solution was to simply stop printing their local currency and transition into using dollars (and now Yuan) as their domestic medium of trade, their overall impact on the global economy was relatively negligible.
But the same cannot be said for the newest partner in this auspicious club, as the IMF reported on Jan. 22 that Venezuela is beyond the point of no return, and should enter into the realm of hyperinflation by the end of 2016.

Read more on this article here...

Wednesday, December 23, 2015

Zimbabwe dollar? Welcome to the future of the Zimbabwe Yuan

On Dec. 22, one of the most infamous economies in the world over the past 20 years may soon be divesting themselves of dollar hegemony and moving over into the camp of the Chinese Yuan.  In a move dedicated towards strengthening both monetary and trade ties with the Far East power, Zimbabwe’s Finance Minister said that very soon the Yuan could be used as one of many currencies within the African nation’s economy, and help support their financial system by including it in a basket that already allows use of the dollar in everyday transactions.
Zimbabwe of course is well known for entering into a hyper-inflationary environment so great, a $100 trillion Zimbabwe note could barely buy a citizen a couple eggs, and other nominal type item.

Read more on this article here...

Thursday, March 6, 2014

China hegemony grows in Africa with new military base

Beginning in January of this year, the African nation of Zimbabwe ushered in a new era of monetary relationship when it chose to end dollar supremacy in their currency system and instead allow for use of the Chinese Yuan. Now, just two months later, Zimbabwe is expanding upon that relationship by allowing China to build a new military base within its borders.

Read more on this article here...

Friday, January 31, 2014

Confidence in dollar so bad globally even Zimbabwe has dropped it

When Zimbabwe, the poster child of hyper-inflation in the 21st century, dumps your currency for another because they feel it is being devalued too much, then the ultimate sign of disrespect has been made for a nation’s monetary policy.  Sadly, this is suddenly the case for the U.S. dollar when on Jan. 30, the African nation that saved its economy less than five years ago by adopting the dollar as their national form of money, is now dropping that currency to instead allow the Chinese Renminbi to take its place as the money of choice.

Read more on this article here...

Sunday, November 27, 2011

Place your bid for the Ron Paul signed Zimbabwe 100 Trillion dollar note

Currently on Ebay, a seller is putting up for auction a Zimbabwe 100 Trillion dollar note that is signed by none other than Ron Paul.

I can imagine that if this is an actual bill signed by Congressman Paul, he got a good laugh and told those in attendance that this is the path America is headed if we continue to rely on a private Federal Reserve.

You can see the auction on Ebay by going to this link.  Since the bid is up to $257, I suspect it is Ron Paul's signature that is worth the price, much more than Zimbabwe currency.