Wednesday, July 02, 2008

Zimbabwe Inflation Now At Least 2,000,000%

Inevitably, someone will blame this on Bush. The situation is so bad in Zimbabwe, the German company that prints paper for their bank notes agreed to stop supplying them.
A German company, facing international criticism, agreed to stop delivering bank note paper to the Reserve Bank of Zimbabwe. Critics claim the money helped prop up the government of President Robert Mugabe.

Giesecke & Devrient announced that it will stop supplying Zimbabwe with paper used to print money. The Munich company said its decision was made in response to an official request from the German government and calls for international sanctions on Zimbabwe by the European Union and United Nations.

"Our decision takes account of concerns about the worsening political situation in Zimbabwe which we had expected to improve," Karsten Ottenberg, managing director of Giesecke & Devrient said in a statement released Tuesday, July 1. "It also reflects the critical views from the international community, the government and general public."

Zimbabwe is in the midst of an economic meltdown and economists say the inflation rate is at least 2 million percent.

Mugabe, under criticism for the violence leading up to last week's run-off elections, is said to be keeping himself in power by printing money to pay his ministers and supporters.
The Marxist madman has reduce their economy to a heaping bowl of mush.

They really need change.
Secretary of State Condoleezza Rice has said all the right things on the subject, but the United States cannot persuade the Africans to act against what they perceive to be their self-interest, and there is no prospect whatsoever of American--or European or any variety of multilateral-- intervention. Even America's senior Nobel Peace laureate, Jimmy Carter, has been uncharacteristically silent--and with good reason, since it was the Carter State Department, in 1978, that turned its back on the moderate Methodist bishop Abel Muzorewa, who had sought accommodation with Rhodesia's white settlers, in favor of the charismatic gunman Mugabe.
Good job, Jimmy.

A left-wing crazy actually does compare Bush with Mugabe.
Is George Bush so far removed from reality that he fails to see how vulnerable he is when he calls the ruthless and undemocratic government of Robert Mugabe in Zimbabwe “illegitimate”?

Mugabe has something in common with George Bush in that he has legitimacy problems on his own behalf and achieved “victories” in 2000 and 2004 amid ruthless and undemocratic practices that were aimed at African Americans.
Don't worry, my friend, the men in white jackets are coming.

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