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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST
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Julius Wong
To: bull_dozer who wrote (191382)8/31/2022 2:49:37 PM
From: bull_dozer1 Recommendation  Read Replies (1) of 217593
 
It’s a crazy world when Zimbabwe has the most stable currency

Robert Mugabe could have gone down in history with the same esteem and grandeur as Nelson Mandela.

Like Mandela, Mugabe was imprisoned for several years for being a prominent anti-colonialist leader in Zimbabwe— then called Rhodesia.

Upon release from prison, and with a little help from the international community, Mugabe became Prime Minister of Zimbabwe in 1980.

And the first few years of his leadership were quite reasonable.

But that all changed in 1987 when the constitution was amended and Mugabe gained dictatorial powers.

Mugabe destroyed the economy with insane regulations, fought expensive wars, and indebted the nation.

He also confiscated private land from established (mostly white) farmers, which he redistributed to his supporters, most of whom had no experience in farming.

Unsurprisingly, Zimbabwe’s once-booming agriculture exports collapsed almost overnight.

This authoritarian control pervaded across nearly all industries, and by the early 2000s, Zimbabwe’s economy was in shambles.

About half the country was unemployed and inflation skyrocketed.

sovereignman.com
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