Wednesday, October 17, 2007

Good News: Zimbabwe Inflation Hits Record High

It appears to be rising in inverse proportion to the numbers of white farmers remaining, which at last count was down to 400.
Zimbabwe's inflation hit a record high in September after emergency measures by President Robert Mugabe failed to slow an economic crisis which appears to pose the only real danger to his rule.

The government's Central Statistical Office (CSO) said on Wednesday annualized inflation rose to 7,982.1 percent in September from 6,592.8 percent in August, the world's highest rate. Experts estimate it is actually much worse.

Zimbabweans are facing food, fuel and foreign currency shortages and can barely afford bus fares. Queues outside stores are getting longer and many shelves are empty.

Mugabe's security forces, accused of widespread human rights abuses, have cracked down on dissent and the cowed political opposition poses little danger to the veteran leader.
U.S. Congressional Democrats were unavailable for comment.

Typical of Communists, they're still delusional.
On Wednesday, central bank governor Gideon Gono said the government had provided unprecedented financial support for farmers to end food shortages.

"We are geared for the mother of all agricultural seasons ... the state of our preparedness for the forthcoming agriculture season could never be compared with anything we've seen over the past few years," he told reporters.
Sure. Keep dreaming.

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