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Zimbabwe To Trade Diamonds For Gold As It Prepares To Launch Gold-Backed Currency

 
Anonymous Coward
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05/20/2011 11:51 AM
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Zimbabwe To Trade Diamonds For Gold As It Prepares To Launch Gold-Backed Currency
A week ago we presented the idea floated by once hyperinflationary Zimbabwe, oddly jeered by most, that the country is seeking to move to a gold-backed currency, adding, somewhat surrealistically, that the "days of the US dollar as the world's reserve currency are numbered." And if anyone should know a hyperinflationary basket case, it's Zimbabwe. Well, today this bizarre story just went fuller retard, after the country announced that it may exchange diamonds for gold "so that it can have a gold-backed currency, according to a recent proposal from the governor of Zimbabwe’s central bank." Indeed we speculated previously why: "Zimbabwe, a country rich in natural resources, took so long to figure out that it was nothing but a puppet in the hands of western monetary interests." Well, others are now getting this idea - Commodity Online reports that "The country is a resource hub: It sits on gold reserves worth trillions. It has the world’s second largest reserves of platinum, has got alluvial diamonds that can fetch the nation $2 billion annually and even boasts of chrome and coal deposits." And since Zimbabwe is now fully on board this whole "pioneering" thing perhaps it should just go ahead and create the first diamond-platinum backed currency. Just don't give China and Russia ideas about floating a new reserve currency that actually has real commodity backing. What's that, you say? They are launching one soon? Oh well.

[link to www.zerohedge.com]




So then Zimbabwe is next to be bombed for 'humanitarian reasons'?
Anonymous Coward (OP)
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05/20/2011 11:54 AM
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Re: Zimbabwe To Trade Diamonds For Gold As It Prepares To Launch Gold-Backed Currency
Fiat days are finally numbered folks.. Get ready!!! 5a
Anonymous Coward (OP)
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05/20/2011 12:01 PM
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Re: Zimbabwe To Trade Diamonds For Gold As It Prepares To Launch Gold-Backed Currency
This is huge no one here cares? This will be a currency backed by real stuff. The first in 40 years. This is the beginning of the end of the dollar and ponzi scam!!!
Anonymous Coward
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05/20/2011 12:03 PM
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Re: Zimbabwe To Trade Diamonds For Gold As It Prepares To Launch Gold-Backed Currency
diamonds are a dime a dozen they ARE NOT scarce
Anonymous Coward
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05/20/2011 12:04 PM
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Re: Zimbabwe To Trade Diamonds For Gold As It Prepares To Launch Gold-Backed Currency
the ironic twist is one of the countries americans have been donating to for generations will have a stronger currency in the future than our own...

a sick joke perpatrated by the powers that be
Anonymous Coward
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05/20/2011 12:05 PM
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Re: Zimbabwe To Trade Diamonds For Gold As It Prepares To Launch Gold-Backed Currency
If they opened their mint to production of gold bullion for the citizens and offered bills of credit that matured into gold bullion they could rapidly establish this system.

They need some other trading partners though, sooner or later it will happen unless the SDR announces a partial gold backing. The banksters will probably go for this option for a time to garner support for SDRs and then once they have taken hold let go of the anchor so they can rob and loot again at will.

As long as governments continue to live beyond their means and the people allow them to control markets banksters will always be present like cock roaches.
Anonymous Coward (OP)
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05/20/2011 12:06 PM
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Re: Zimbabwe To Trade Diamonds For Gold As It Prepares To Launch Gold-Backed Currency
the ironic twist is one of the countries americans have been donating to for generations will have a stronger currency in the future than our own...

a sick joke perpatrated by the powers that be
 Quoting: Anonymous Coward 1392047


Yes, very true.. I think China has a hand in this..
Anonymous Coward
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05/20/2011 12:08 PM
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Re: Zimbabwe To Trade Diamonds For Gold As It Prepares To Launch Gold-Backed Currency
Mugabe has a Hitler mustache, yes they will get their's for trying to escape the British system.

Anonymous Coward
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05/20/2011 12:09 PM
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Re: Zimbabwe To Trade Diamonds For Gold As It Prepares To Launch Gold-Backed Currency
For goodness sake ........Zimbabwe is preparing for a

collapse in the USD? And America has yet to wake up to the

harsh reality that the Zim's have lived for the last 10 years

of hyperinflation..and they are preparing for a USD collapse..

DID YOU GET THAT PEOPLE!!!!!!
Anonymous Coward (OP)
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05/20/2011 12:32 PM
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Re: Zimbabwe To Trade Diamonds For Gold As It Prepares To Launch Gold-Backed Currency
For goodness sake ........Zimbabwe is preparing for a

collapse in the USD? And America has yet to wake up to the

harsh reality that the Zim's have lived for the last 10 years

of hyperinflation..and they are preparing for a USD collapse..

DID YOU GET THAT PEOPLE!!!!!!
 Quoting: Anonymous Coward 1322883


sheep The rapture is on they are too busy with that right now..
Anonymous Coward
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United States
05/20/2011 10:03 PM
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Re: Zimbabwe To Trade Diamonds For Gold As It Prepares To Launch Gold-Backed Currency
For goodness sake ........Zimbabwe is preparing for a

collapse in the USD? And America has yet to wake up to the

harsh reality that the Zim's have lived for the last 10 years

of hyperinflation..and they are preparing for a USD collapse..

DID YOU GET THAT PEOPLE!!!!!!
 Quoting: Anonymous Coward 1322883


sheep The rapture is on they are too busy with that right now..
 Quoting: Anonymous Coward 1196147


LOL, well the gooberment is about to Rapture the wealth of the 90 percent!
Anonymous Coward
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08/15/2012 04:07 AM
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Re: Zimbabwe To Trade Diamonds For Gold As It Prepares To Launch Gold-Backed Currency
Who would of thought one day that Zimbabwe money might be worth more than america's? It seems like everyones knows fiat.money is dead except america.
Anonymous Coward
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08/15/2012 04:11 AM
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Re: Zimbabwe To Trade Diamonds For Gold As It Prepares To Launch Gold-Backed Currency
AUSTRALIA IS LAUNCHING A KANGAROO-BACKED RECOVERY!!!!

THiS NEW CURRENCY IS EXPECTED TO MAKE THE WORLD ECONOMY BOUNCE BACK!!!!1
Anonymous Coward
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08/15/2012 04:33 AM
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Re: Zimbabwe To Trade Diamonds For Gold As It Prepares To Launch Gold-Backed Currency
Mugabe has a Hitler mustache, yes they will get their's for trying to escape the British system.


 Quoting: Anonymous Coward 772701


The White American Slave stands up for the British empire, no surprises there. Lol.

Mugabe has been striving against the Devil before most here were born, a sane man would support his fight against NWO but sane Men are few and far between and zero can be found among Slaves who count their Masters wealth as their own.
Anonymous Coward
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Netherlands
08/15/2012 04:37 AM
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Re: Zimbabwe To Trade Diamonds For Gold As It Prepares To Launch Gold-Backed Currency
You know what would really be funny?

If the economic system collapses, your monopoly money turns out to be phoney and africa is stuck with gold inside and above the ground.

LFMAO.....the deception was brilliant
Anonymous Coward
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08/15/2012 05:11 AM
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Re: Zimbabwe To Trade Diamonds For Gold As It Prepares To Launch Gold-Backed Currency
Mugabe has a Hitler mustache, yes they will get their's for trying to escape the British system.


 Quoting: Anonymous Coward 772701


The White American Slave stands up for the British empire, no surprises there. Lol.

Mugabe has been striving against the Devil before most here were born, a sane man would support his fight against NWO but sane Men are few and far between and zero can be found among Slaves who count their Masters wealth as their own.
 Quoting: Anonymous Coward 21741192


Yep basically

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