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Politics : Formerly About Advanced Micro Devices

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To: J_F_Shepard who wrote (731375)	8/7/2013 11:24:01 AM
From: longnshort	2 Recommendations Recommended By joseffy TideGlider of 1576881

Rhodesians decide apartheid not such a bad idea after all.: Zimbabwe's "Blacks-Only" Stock Exchange Takes 'Financial Innovation' And Racism To New Highs Submitted by Tyler Durden on 08/07/2013 09:29 -0400 The country which over the past decade is most synonymous with "financial innovation" of the less than desirablekind, such as hyperinflation, complete currency and economic collapse and wholesale property confiscation, has just taken financial central-planning brilliance to the next level and following dictator Robert Mugabe's "reelection" has announced plans to open a new and "racially exclusive" stock exchange, allowing blacks alone to trade. And not trade just anything, but shares of recently nationalized foreign companies, most of which are South African-owned miners. Or rather were, because following the most recent nationalization round, Zimbabwe would take a 51% stake in all major foreign-owned companies valued at over $7 billion. No compensation will be paid. zerohedge.com

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