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Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!

 
Little Sparrow
User ID: 426925
United States
12/16/2008 03:01 PM
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Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
[link to www.cnn.com]

Hyperinflation forces Zimbabwe to print $200 million notesStory Highlights
Price of a loaf of bread jumps to 35 million Zimbabwean dollars

Government accuses bank executives of illegal currency trading

Zimbabwe also faces widespread cholera outbreak; food, power shortages

President Robert Mugabe's policies blamed for economic collapse

Next Article in World »


Read VIDEO

HARARE, Zimbabwe (CNN) -- Cash-strapped Zimbabwe revealed plans Saturday to circulate $200 million notes, just days after introducing a $100 million bill, Finance Minister Samuel Mumbengegwi said.


Zimbabwe central bank governor Gideon Gono shows a new $50 million note Thursday.

After the $100 million note began circulating on Thursday, the price of a loaf of bread soared from 2 million to 35 million Zimbabwean dollars.

Amid allegations of illegal foreign currency trading, the government also fired top executives at four major banks Thursday, according to The Herald, a state-owned newspaper.

Many anxious residents of the nation's capital, Harare, have been sleeping outside banks, waiting for them to open so they can make withdrawals before the institutions run out of cash. Watch how Zimbabwe's children are suffering »

The Reserve Bank of Zimbabwe had capped maximum daily withdrawals at 500,000 Zimbabwean dollars: about 25 U.S. cents, or about a quarter of Thursday's price of a loaf of bread.

Last week, restrictions on cash withdrawals -- due to severe money shortages -- triggered riots.

Sixteen soldiers now face possible court-martial due to alleged looting and assaults on civilians and police during the unrest, police spokesman Wayne Bvudzijena told The Herald on Saturday.

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"We are still investigating the case," he said. "But we expect the soldiers to appear before a court-martial once investigations are completed."

After spending several days waiting in bank lines, soldiers rampaged through downtown Harare, destroying shops and attacking riot police sent to disperse the protesters.

Cash shortages are not the only crisis plaguing Zimbabwe.

... more at link

Last Edited by Lady Jane Smith on 11/20/2012 07:13 PM
Free Store.

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12/16/2008 03:04 PM
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Re: Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
WE ARE IN TROUBLE!!
Anonymous Coward (OP)
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12/16/2008 05:16 PM
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Re: Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
bump
Halcyon Dayz
Contrarian's Contrarian

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12/17/2008 03:11 PM

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Re: Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
WE ARE IN TROUBLE!!
 Quoting: Free Store.

"We" are?

Speak for yourself.

I typically pay €1.15 for a loaf.
book
Hatred is a cancer upon the world.
It rots the mind and blackens the heart.


Hi! My name is Halcyon Dayz and I'm addicted to morans.
Anonymous Coward
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12/17/2008 03:27 PM
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Re: Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
I have'nt baught any bread since I started making my own, loaf, buns, biscuits and flat breads over 3 years ago. I dont think I could eat "Factory bread" anymore
Anonymous Coward
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12/17/2008 03:31 PM
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Re: Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
That better be some good fucking bread.
Anonymous Coward
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12/17/2008 03:33 PM
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Re: Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
i heard the story months ago, the money to buy a loaf of bread weighs more than the loaf of bread. fat americans should stop snivelling and realize how good they still have it.
Anonymous Coward
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12/17/2008 03:35 PM
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Re: Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
lol, "black government"
Anonymous Coward
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12/17/2008 03:35 PM
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Re: Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
I have'nt baught any bread since I started making my own, loaf, buns, biscuits and flat breads over 3 years ago. I dont think I could eat "Factory bread" anymore
 Quoting: Anonymous Coward 488191



mmmm flat bread, mmmmm any kind of homemade bread!
good for you!
Anonymous Coward
User ID: 574327
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12/17/2008 03:38 PM
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Re: Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
The New World Order Agenda is really picking up in africa, they are to poor and sick to fight back...

The Rest of the world comes next
Anonymous Coward
User ID: 555807
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12/17/2008 03:39 PM
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Re: Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
Wonder what a hamburger goes for.Are they giving them rice to back it up free?
jarha

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12/17/2008 03:42 PM
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Re: Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
WE ARE IN TROUBLE!!
 Quoting: Free Store.

WE ARE NOT IN TROUBLE

ZIMBABWE IS IN TROUBLE

THEIR TROUBLE STARTED WHEN WHITE

WERE REMOVED FROM GOVERNMENT.
Anonymous Coward
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Germany
12/17/2008 03:43 PM
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Re: Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
Zimbabwean dollars.
Alpha Effusion

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12/17/2008 03:44 PM
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Re: Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
Over there a used potato sack can run you about 20 Million

And it isn't dollars you fucking ingrate
Anonymous Coward
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12/17/2008 03:45 PM
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Re: Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
Funny how some Zimbabwe threads sink like a stone, some get pinned.

Nobody laughing in Zimbabwe, though.
Anonymous Coward
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12/17/2008 03:48 PM
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Re: Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
Yeah it's those NWO globalist bastards starving the population in Zimbabwe, Dufar, Iraq, soon world wide.....



There is no shortage of food, there is however a shortage of noble leaders.....If you think Obama will be any different, remember how he treats his own family. as they too starve, and are in poverty.....







NWO Scum!
Alpha Effusion

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12/17/2008 03:54 PM
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Re: Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
Funny how some Zimbabwe threads sink like a stone, some get pinned.

Nobody laughing in Zimbabwe, though.
 Quoting: Anonymous Coward 373696


Any point to that?
Anonymous Coward
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United Kingdom
12/17/2008 03:55 PM
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Re: Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
$35 million dollars..! yeah.. but think of all those millions of supermarket clubcard points they're collecting.. wow! Yeah..! we are in trouble. I live in London.. where I've got exactly 15p in my pocket to live on over xmas & new year! I haven't been paid since october. Yeah! we're fucked!
Anonymous Coward
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Canada
12/17/2008 04:03 PM
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Re: Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
The New World Order Agenda is really picking up in africa, they are to poor and sick to fight back...

The Rest of the world comes next
 Quoting: aznwarlord

jerkit

Are you just stupid or something? Africa, man. It's fucking AFRICA. It's ALWAYS BEEN a fucking shithole there.

LOL black government is right. I can't even believe these clowns have actual TITLES over there in their USELESS government. LOL!!! "central bank governor Gideon Gono ----- Finance Minister Samuel Mumbengegwi" WHAT A FUCKING JOKE.
Anonymous Coward
User ID: 574372
United States
12/17/2008 04:04 PM
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Re: Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
Yeah it's those NWO globalist bastards starving the population in Zimbabwe, Dufar, Iraq, soon world wide.....

There is no shortage of food, there is however a shortage of noble leaders.....If you think Obama will be any different, remember how he treats his own family. as they too starve, and are in poverty.....

NWO Scum!
 Quoting: Anonymous Coward 563638


Don't overlook the contribution by Zimbabwe's standing government. Throwing fear and hate at the power-mad won't fix anything.

Srsly, shrieking like that won't fix anything.
Anonymous Coward
User ID: 574372
United States
12/17/2008 04:06 PM
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Re: Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
Are you just stupid or something? Africa, man. It's fucking AFRICA. It's ALWAYS BEEN a fucking shithole there.

LOL black government is right. I can't even believe these clowns have actual TITLES over there in their USELESS government. LOL!!! "central bank governor Gideon Gono ----- Finance Minister Samuel Mumbengegwi" WHAT A FUCKING JOKE.
 Quoting: Anonymous Coward 354511


The titles themselves aren't jokes. They're only jokes when they're used as tokens in power/dominance games.
Anonymous Coward
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Brazil
12/17/2008 04:10 PM
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Re: Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
That better be some good fucking bread.
 Quoting: Anonymous Coward 532556


this x2
robocop
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12/17/2008 04:16 PM
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Re: Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
[link to www.boncherry.com]


Here is the link!!!!
anonymous
User ID: 574350
United States
12/17/2008 04:18 PM
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Re: Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
[link to www.cnn.com]


Hyperinflation forces Zimbabwe to print $200 million notesStory Highlights
Price of a loaf of bread jumps to 35 million Zimbabwean dollars

Government accuses bank executives of illegal currency trading

Zimbabwe also faces widespread cholera outbreak; food, power shortages

President Robert Mugabe's policies blamed for economic collapse

Next Article in World »


Read VIDEO

HARARE, Zimbabwe (CNN) -- Cash-strapped Zimbabwe revealed plans Saturday to circulate $200 million notes, just days after introducing a $100 million bill, Finance Minister Samuel Mumbengegwi said.


Zimbabwe central bank governor Gideon Gono shows a new $50 million note Thursday.

After the $100 million note began circulating on Thursday, the price of a loaf of bread soared from 2 million to 35 million Zimbabwean dollars.

Amid allegations of illegal foreign currency trading, the government also fired top executives at four major banks Thursday, according to The Herald, a state-owned newspaper.

Many anxious residents of the nation's capital, Harare, have been sleeping outside banks, waiting for them to open so they can make withdrawals before the institutions run out of cash. Watch how Zimbabwe's children are suffering »

The Reserve Bank of Zimbabwe had capped maximum daily withdrawals at 500,000 Zimbabwean dollars: about 25 U.S. cents, or about a quarter of Thursday's price of a loaf of bread.

Last week, restrictions on cash withdrawals -- due to severe money shortages -- triggered riots.

Sixteen soldiers now face possible court-martial due to alleged looting and assaults on civilians and police during the unrest, police spokesman Wayne Bvudzijena told The Herald on Saturday.

Don't Miss
Rice: Mugabe must go
UK's Brown: Cholera outbreak an emergency
Zimbabwe troops on street; cash limits ease
Ill with cholera, Zimbabweans flock to South Africa
"We are still investigating the case," he said. "But we expect the soldiers to appear before a court-martial once investigations are completed."

After spending several days waiting in bank lines, soldiers rampaged through downtown Harare, destroying shops and attacking riot police sent to disperse the protesters.

Cash shortages are not the only crisis plaguing Zimbabwe.

The United Nations has said that more than half of Zimbabwe's population is in dire need of food and clean water. Watch how a cholera epidemic is affecting Zimbabweans »

Acute shortages of essentials such as fuel, electricity, medicines and food are key indicators of a failed economy, according to economic observers.

"The [Reserve Bank of Zimbabwe] is failing to deliver the demands of market, prices are doubling daily, and that demands more cash," Zimbabwean economist John Robertson said. "The huge price increases are resulting from severe shortages of most goods."

The once-prosperous African nation is facing its worst economic and humanitarian crisis since attaining independence from Great Britain in 1980.

Zimbabwe's official rate of inflation is 231 million percent, the world's highest.

Critics of Zimbabwean President Robert Mugabe link hyperinflation to his policies on land distribution and unbudgeted payments to war veterans.


Zimbabwe has had no Cabinet since the March presidential election.

Its political troubles have aggravated its humanitarian and economic crisis, including a cholera outbreak that has killed close to 600 people since August.
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 Quoting: Little Sparrow 426925

the zimbabwe peoples "forgot" they they cannot run "key industries" on a "global scale", before they threw "england's goose that was "laying all "golden eegs" for zimbabwe people's, out of zimbabwe..opps . .
Mr Morden

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Sweden
12/17/2008 04:19 PM
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Re: Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
WE ARE IN TROUBLE!!
"We" are?

Speak for yourself.

I typically pay €1.15 for a loaf.
book
 Quoting: Halcyon Dayz

€1.15?? wow thats sheep, about 2.5€ in sweden
Did you ever have a job that you hated and worked real hard at? A long, hard day of work. Finally you get to go home, get in bed, close your eyes and immediately you wake up and realize... that the whole day at work had been a dream. It's bad enough that you sell your waking life for minimum wage, but now they get your dreams for free.



The worst mistake that you can make is to think you're alive when really you're asleep in life's waiting room.
PhennommennonnModerator
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12/17/2008 04:22 PM

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Re: Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
[link to www.cnn.com]


Hyperinflation forces Zimbabwe to print $200 million notesStory Highlights
Price of a loaf of bread jumps to 35 million Zimbabwean dollars

Government accuses bank executives of illegal currency trading

Zimbabwe also faces widespread cholera outbreak; food, power shortages

President Robert Mugabe's policies blamed for economic collapse

Next Article in World »


Read VIDEO

HARARE, Zimbabwe (CNN) -- Cash-strapped Zimbabwe revealed plans Saturday to circulate $200 million notes, just days after introducing a $100 million bill, Finance Minister Samuel Mumbengegwi said.


Zimbabwe central bank governor Gideon Gono shows a new $50 million note Thursday.

After the $100 million note began circulating on Thursday, the price of a loaf of bread soared from 2 million to 35 million Zimbabwean dollars.

Amid allegations of illegal foreign currency trading, the government also fired top executives at four major banks Thursday, according to The Herald, a state-owned newspaper.

Many anxious residents of the nation's capital, Harare, have been sleeping outside banks, waiting for them to open so they can make withdrawals before the institutions run out of cash. Watch how Zimbabwe's children are suffering »

The Reserve Bank of Zimbabwe had capped maximum daily withdrawals at 500,000 Zimbabwean dollars: about 25 U.S. cents, or about a quarter of Thursday's price of a loaf of bread.

Last week, restrictions on cash withdrawals -- due to severe money shortages -- triggered riots.

Sixteen soldiers now face possible court-martial due to alleged looting and assaults on civilians and police during the unrest, police spokesman Wayne Bvudzijena told The Herald on Saturday.

Don't Miss
Rice: Mugabe must go
UK's Brown: Cholera outbreak an emergency
Zimbabwe troops on street; cash limits ease
Ill with cholera, Zimbabweans flock to South Africa
"We are still investigating the case," he said. "But we expect the soldiers to appear before a court-martial once investigations are completed."

After spending several days waiting in bank lines, soldiers rampaged through downtown Harare, destroying shops and attacking riot police sent to disperse the protesters.

Cash shortages are not the only crisis plaguing Zimbabwe.

The United Nations has said that more than half of Zimbabwe's population is in dire need of food and clean water. Watch how a cholera epidemic is affecting Zimbabweans »

Acute shortages of essentials such as fuel, electricity, medicines and food are key indicators of a failed economy, according to economic observers.

"The [Reserve Bank of Zimbabwe] is failing to deliver the demands of market, prices are doubling daily, and that demands more cash," Zimbabwean economist John Robertson said. "The huge price increases are resulting from severe shortages of most goods."

The once-prosperous African nation is facing its worst economic and humanitarian crisis since attaining independence from Great Britain in 1980.

Zimbabwe's official rate of inflation is 231 million percent, the world's highest.

Critics of Zimbabwean President Robert Mugabe link hyperinflation to his policies on land distribution and unbudgeted payments to war veterans.


Zimbabwe has had no Cabinet since the March presidential election.

Its political troubles have aggravated its humanitarian and economic crisis, including a cholera outbreak that has killed close to 600 people since August.
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 Quoting: Little Sparrow 426925

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FREEDOM OF SPEECH:
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The People Vs Larry Flynt
"Ladies and gentlemen of the jury, you've heard a lot here today and I won't try to go back over it all. But you have to go back in that room and make some decisions and there is one thing I want to make very clear to you before you do. I'm not trying to convince you that you should like what Larry Flynt does. I don't like what he does. But what I do like is... that I live in a country... where you and I can make that decision for ourselves. I like that I live in a country where I can pick up Hustler magazine... read it if I want... or throw it in the trash, if that's where I think it belongs. Or better yet I can express my opinion by not buying it. I like that right. I care about it. And you should care about it, too... because we live in a free country. We say that a lot, but sometimes we forget what that means, so listen again. We live in a free country. That is a powerful idea. That's a magnificent way to live. But there is a price for that freedom, which is that sometimes... we have to tolerate things that we don't necessarily like. So go back in that room... where you are free to think whatever you want to think... about Larry Flynt and Hustler magazine. But then ask yourselves if you want to make that decision for the rest of us... because the freedom that everyone in this room enjoys... is, in a very real way, in your hands. If we start throwing up walls against what some of us think is obscene... we may wake up one morning and realize... that walls have been thrown upin places we never expected... and we can't see anythingor... do anything. And that's not freedom. That is not freedom. So, be careful. Thank you."
VIDEO: [link to youtu.be]

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Anonymous Coward
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United States
12/17/2008 04:23 PM
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Re: Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
.... I live in London.. where I've got exactly 15p in my pocket to live on over xmas & new year! I haven't been paid since october. Yeah! we're fucked!
 Quoting: Anonymous Coward 573780



Sorry to hear that. Good luck to you and your family. Wish you all the best in the coming year.
Little Sparrow (OP)
User ID: 426925
United States
12/17/2008 04:24 PM
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Re: Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
Their dollar is equal to one of our quarters. So, four american dollars equals one dollar in Zimbabwe. That means, in American dollars it would cost us 8 million or so FOR A LOAF OF BREAD! Pray for those people. They are starving, and cholera is on the spread over there. Yes, we Americans are next, just that most Americans don't read their history books and realize that history repeats itself. We are NOT above the rest of the world. We're no better. After christmas, the Lord God will show us just what kind of nation this is when our wealth is strippped from us. It isn't too late to repent and find Jesus.
Anonymous Coward
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12/17/2008 04:25 PM
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Re: Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
Wednesday, December 17, 2008

1 US Dollar = 912,104 Zimbabwe Dollar

1 Zimbabwe Dollar (ZWD) = 0.00000110 US Dollar (USD)

Interbank rate +/- 0%

This means:
You buy 1 US Dollar : 912,104 Zimbabwe Dollar
You sell 1 US Dollar : 912,061 Zimbabwe Dollar
You buy 1 Zimbabwe Dollar : 0.00000110 US Dollar
You sell 1 Zimbabwe Dollar : 0.00000110 US Dollar

Median price = 912,061 / 912,104 (bid/ask)
Minimum price = 739,856 / 739,900
Maximum price = 1,011,189 / 1,011,233

That bread better come with peanut butter and jelly...
Anonymous Coward
User ID: 573780
United Kingdom
12/17/2008 04:27 PM
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Re: Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
lol, "black government"
 Quoting: Anonymous Coward 508527


Ironic innit..?? we pull out of Rhodessia.. so the Zimbas can have thair pathetic country back.. & look what happens!
Since the collapse of the British Empire.. the world has spiraled down-hill to DOOM.. without us Brits to keep things in order! We'll have to go back in there now.. re-take Rhodesia back.. more bloody global baby bottom smacking and baby-sitting for illiterate ignorant people who can't even run a country. We ought to retake Rhodesia, Pakistan, India & America back again.

Would you AMERICANS like us British to come back to your shores & run your country for YOU! Let's see how we get on in Zimba land first.. we'll let you Yanks think bout it eh!
aaron_o.o

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12/17/2008 04:27 PM
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Re: Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
OLD NEWS. if you haven't heard of Zimbabwe's inflation till now then you are behind the power curve.
"God" said, let us make man in our image.. IMPLYING genetic hybridization
"I awoke only to find, that the rest of the world was still asleep"

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