probably more than fluttering eyelashes, maybe even flickering parts, quivering bits, and throbbing other bits
who can knows except the buyers and sellers ;0)
all comes down to very expensive hobby and very indecent living.
on other issue, i just sent out the below per reflections
speaking as a computer structures scientist, i note that sometimes, after a time, the only escalating ways to 'fix' a home computer network and the attendant computers, processors, ram, hd, applications / operating / administrative / microcode software, printers, on/off line data and system backups, etc are as below, in progressing, up the ante in alignment with the imperative, in tune with the desperation
- control + alt + delete
- keep finger pushing down on power button for count of 10 on all devices
- install http:www.uniblue.com power suite to speed up system, defrag registries, and update all drivers
- unplug power cords
- remove system batteries
- reformat & return to original factory-state
- disassemble all boxes
- replace entire convolution with everything brand new
- call in the experts and clean up the mess
fractal scaled up, in monetary affairs, i suppose there must be a moment of truth when a systemwide flush and reset must be
when all obligations, offseted, hedged, or otherwise, are effectively defaulted on by just about all parties everywhere all more rather than less at the same interesting time
and, upon reset, all new obligations must be very simply count-able
count-able like bullion, ounces, wafers, grams, bricks, pounds, vaults, tons,
and such count-ables must be valued at all obligations that can arise at minimal state economy, globally
unless and until folks are willing to accept playing cards for money, notes for savings, scripts for investment, and derivatives for wagers
to put it all differently, accumulating gold is just preparing for the inevitable escalation to zero-state reset, and as such, hardly qualifies as speculation.
the mugabe and gono of zimbabwe are not stupid. they are, however, not original, just force marching along an ancient and looping script, and are just ahead of our times, by perhaps 15-20 years, maybe 25.
zimbabwemetro.com
Zimbabwe Wants to Re-introduce the Gold Standard Dollar
Fine Gold Bars
The Reserve Bank of Zimbabwe Governor, Dr Gideon Gono, has proposed the re-introduction of the Zimbabwe dollar anchored on gold valued by an independent body comprising all stakeholders.
He said the re-introduction of the local currency would help in addressing a number of bottlenecks the country was facing.
Dr Gono said reintroduction of the Zim dollar in a manner he was proposing would go a long way in addressing bottlenecks like unavailability of change of small denominations and coins.
The RBZ chief said this yesterday at Parliament Building while giving oral evidence before a Parliamentary Portfolio Committee on Natural Resources, Hospitality and Tourism.
The committee chaired by Nkayi South Member of House of Assembly, Mr Abednico Bhebhe (MDC) wanted to know the financial sector’s preparedness in terms of introducing plastic money ahead of 2010 Soccer World Cup final to be held in South Africa.
The committee invited the central bank and Bankers Association of Zimbabwe, led by its president Dr John Mangundya, to update it on progress.
During yesterday’s deliberations, bankers said they had gone a long way with preparations, saying international credit and debit cards would be ready by end of September this year.
The committee, however, expressed concern at the unavailability of change, especially some coins.
In response, Dr Gono proffered an array of advice that included the need for political stability, addressing infrastructural issues like availability of electricity, water, transport network, the health delivery system, among others.
“The financial sector might do its homework, but if other players don’t play their part, the country might not benefit anything from the world soccer showcase,” said Dr Gono.
He said there was need to re-introduce the Zimbabwe dollar that would be pegged against gold available.
He said those who had criticised his idea were doing so out of ignorance, as they did not understand the gist of his advice.
“Nobody can move me from that conviction. We anchor our Zim dollar to the gold available. It will not only be RBZ, but all stakeholders. A certificate will then be issued to the RBZ on the amount of Zim dollar to be printed, after the committee has satisfied itself on the value of the gold,” said Dr Gono.
“You can also redeem your Zim dollar in return for an ounce of gold, say if you want to keep gold not cash, you can go to your bank and get an equivalence of ounces of gold to the Zim dollar you have, so we will be backing our money with reality on the ground. Such an approach is not inflationary because you are anchoring your money on productivity.”
The central bank chief urged Zimbabweans to be pragmatic by “thinking outside the box”.
“We can even print gold coins. The Zim dollar can then gain as it is anchored on gold, we need to think outside the box,” he said.
Asked why the country had not formally dollarised, Dr Gono said that would involve a number of legal and economic issues.
He said it was not possible to officially dollarise because the United States had imposed sanctions on Zimbabwe while it would be cumbersome for Zimbabwe to officially use the rand as its currency.
“If we are to randify, we will have to be members of the Common Union with Namibia, Lesotho and Swaziland whose economies are anchored with South Africa. All our policy and monetary statements would have to be submitted to South Africa for concurrence before we finally pronounce them,” said Dr Gono.
Initially, Dr Mangundya had said it was more expensive to import coins because transport costs were determined by weight.
“We will have to pay, say US$100 000 to import US$10 000 worth of coins,” said Dr Mangundya.
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