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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Zimbabwe Plans New Currency As Dollar Shortage Bites (12069 Views)
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Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by theoldpretender(m): 9:46am On Jan 13, 2019 |
id4sho: OK...most of the fertile farmland in Zimbabwe used to be owned by its minority European population. Same European population also produced stuff on the farm that was exported to bring in foreign exchange for the state's coffers. Mugabe in 2000 started his land reform programme...where much of the land was seized from rich white farmers and handed over to poor balck people. Problem was, that meant production of exprt crops stopped....foreign exchange reserves fell massively, and by extension there was no forex to buffer the local currency....leading to inflation and the increasing worthlessness of the currency. 1 Like |
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by chineloSA(f): 9:49am On Jan 13, 2019 |
teelaw4life: Brainwashed Africans are the most stupid and lack logic. White farmers employed Africans to do all the work. How can you insinuate that they are lazy? Banks working with foreign government's were sabotaging African farmers by not loaning them money for fertilisers, seeds, equipment and water infrastructure. By also abandoning buying any Zimbabwe produce. White farmers never did no fuvkin job. It was always Africans working for whites. White farmers were never going to survive without African farmworkers. Stop your stupidity and ignorance, it's 2019 7 Likes |
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by kingreign(m): 9:53am On Jan 13, 2019 |
OgogoroFreak: Which day you and I go follow go that nkoro bush bar to go drink ogogoro/sapele water make our eyes dirty small? |
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by JaceBlaze: 9:56am On Jan 13, 2019 |
XhosaNostra:Damn now I know why other groups of people think we blacks are not fully human.Everything about us just resemble primates,how do you destroy something that benefits you? 1 Like |
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by chineloSA(f): 9:56am On Jan 13, 2019 |
martineverest: It's funny how we West Africans are quick to see lazy Africans when most of our food is imported. Buhari had to bar importation of chicken and rice. If we were as smart and industrious. We would be exporting more of our food stuff than importing. Analyse who is lazy? 3 Likes |
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by theoldpretender(m): 9:57am On Jan 13, 2019 |
JaceBlaze: Russia has something most African countries don't...an active industrial sector that exports stuff. (Though Russia too produces oil...and they have become a little bit dependent on oil...which makes them affected by rises and falls in oil prices too). |
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by XhosaNostra(f): 9:58am On Jan 13, 2019 |
JaceBlaze: Exactly, Jace! It's so sad. I still wonder why the community didn't stop the thieves. 1 Like
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Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by chineloSA(f): 10:02am On Jan 13, 2019 |
SkinnyNigga: I dey oo. Still in bed chopin breakfast by Oga. Sundays are just slow for us who have abandoned religion. 3 Likes |
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by JaceBlaze: 10:11am On Jan 13, 2019 |
UncleJudax:I don't really support redistribution of land without compensation,but just because someone tried it and failed doesn't mean the next guy who tries the same method will fail.And is there anything wrong with returning land to its rightful owners? I don't see how we are going to destroy economy,I guess you are mentally wired to believe that a black person should always be a spectator while the white man runs the show. Thanx. 1 Like |
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by theoldpretender(m): 10:21am On Jan 13, 2019 |
JaceBlaze: Well..here is how land redistirbution destroys economies 1.Many of these farmers took loans to develop their farms. If the farms are seized sans compensation....who pays the loans? Banks lose big time 2.Many of them farmers employ lots ofpeople. Sack the farmers....hundreds , thousands even lose jobs and salaries. And they don't get any of the land...and they may even lose their homes. More unemployed people. 3.Many of these farms produce foods for exports. Seize the farms...the replacement farmers lack the expertise to grow the crops . As a result, exports fall, revenues to govt coffers plummet. 4.Foregin investors won't come into the country...because if govt can suddenly seize yer property without compensation....why should you invest? More jobs lost. More revenue lost. 5.Farmers pay tax. Remove them...that's a substantial bit of your tax base gone. And that includes the farm workers who pay tax as well.(see no 2). 6. Domestic food production is affected...leading to 1) scarcity of crops...economic catastrophe. 2)government has to massively import food to make up the shortfall...loss of forex, plus food prices rise because imported stuff is more expensive than local stuff. 7.People who rely on the big farmers for livelihood...ie traders, some industries,artisans, mechanics, carpenters, etc....also lose out. It is not that simple...and I say this as someone who wishes that the original owners got their land. But sometimes...economic stability is more important than justice. 3 Likes |
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by JaceBlaze: 10:22am On Jan 13, 2019 |
XhosaNostra:Sad indeed.A year or two ago schools were been burned down in Venda,a village called Ruvani (not sure about the spelling) saw 20 schools turn to ashes in a matter of a week. |
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by UncleJudax(m): 10:46am On Jan 13, 2019 |
JaceBlaze:I have deliberately refused to call it black and white thing...but good thing you spelt it out. I have no plans to talk more than I have done already. But whether you agree or not, South Africa is what it is because of the minority white in the country. Who expert know run the country. Land redistribution has already been done in small scale in SA (I just said it) and it failed. Blacks in SA have been in power since the end of Apartheid, but blacks have become poorer. I guess you will blame the white minority. You chose to do drugs, rape, not reform the education system , corruption etc...these and more have impaired the empowerment and advancement of SA blacks. If you like drive the Whites out, it is your problem. Nigeria has its problems...we just don't want you to be like us or even worse. But again...do your thing...just don't spill over into Nigeria like Cameroon if/when shit hits the ceiling. Ciao 1 Like |
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by XhosaNostra(f): 10:49am On Jan 13, 2019 |
JaceBlaze: This redistribution of land without compensation thing is bound to fail. The question we should ask ourselves is, which this has ever been done fairly/correctly in South Africa? I fear it falling to the wrong hands, like the RDP houses that have been sold illegally to foreigners by our very own people. I say people must work for their shìt. Not everything is a white man's fault. Let me share with you two stories. Where I live, there's a white boy about 12 or 13 years old. Every morning at around 5 am he delivers newspapers. He's brought himself a new bicycle. That is teaching your kid responsibility at a young age, so they will not rely on handouts. Most of us fail at this, which is why we always blame everything on whites. It comes across envious at times, TBH. 2nd story, I used to be a waitress at this restaurant in Villeria. Most of the waiters there were white. They were students at different universities around Pretoria. A guy called Charl worked to pay off a car loan his parents helped to co-sign. A girl called Noleen was working to pay her university fees. Her mother had a drug problem & was in/out of rehabilitation centers, so she was taking care of herself. I get fed up when people adopt a woe is me attitude. Did anyone's forefathers own an estate? Because those are some of the things people have their eyes on. Where is the pride? If people have the capability to do the things they're talking about, then let them start with undeveloped land instead of building shacks in every piece of land they "expropriate". Why do they need ready-made places, which no doubt they will end up thrashing or selling when they realize that the upkeep is more than what they bargained for. I'm not a land owner, but I stand my ground, they deserve nothing. Not even a pot plant or a lawn. You want to own a house? Work for it like everyone else is doing this century. There lies your pride & dignity. There's nothing noble about being a beneficiary or a charity case. It just proves that you're in capable of doing anything for yourself, except whine. 3 Likes |
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by JaceBlaze: 10:49am On Jan 13, 2019 |
theoldpretender:So you don't think well trained black farmers can be capable of running a farm and pay tax? there are already black farmers producing on large scale and employing thousands of people.The only way we can fu*k it all up is if we pick some random unskilled people to handle those farms. |
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by XhosaNostra(f): 10:55am On Jan 13, 2019 |
JaceBlaze: Smh. |
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by theoldpretender(m): 11:18am On Jan 13, 2019 |
JaceBlaze: 1.Personally speaking, I think well trained black farmers can do a good job too (I once read about a black South African cattle farmer who worked under a white farmer ...before he acquired some five cows...which he has grown into a prosperous herd. 2.Yes, there are large scale black farmers, who are successful. But most land redistribution programmes are geared towards breaking up large farms into smaller holdings for small scale subsistence farmers.(which isn't good for mass food production)> 3.And yes, re Zim...much of the farmland was handed over to unskilled farmers . (Politics too messed up things). 4.And then...there are the financial implications. How do you, for example,pay back loans taken by previous owners? How about making foreign investors in other sectors confident that their investments wont be subject to arbitrary seizure? |
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by JaceBlaze: 11:51am On Jan 13, 2019 |
XhosaNostra:It's interesting how the gullible sheeps never cared about this land thing up until that EFF pig in red jumpsuits started stirring sh@t .Of course it's bound to fail,I don't remember anything that's done with irrational anger being a success. Those stories are just serving as a reminder that a black person will never accept responsibility for his own failures,we never try to figure what it is we doing wrong,rather we always look for ways to pin the blame on somebody else.Ever wonder why the Caucasians are succeeding in everything they do? that's because when they fùck up they start over and over again without blaming someone else.Another thing I don't get is why some blacks in SA are blaming their problems on the new white generation that didn't even benefit from the Apartheid system.I'm really beginning to believe that blacks are the least intelligent people on Earth,Irish,Jewish and Chinese people were also enslaved by whites but the blacks are the only ones using slavery as an excuse. btw my cousin who lives in Gezinna also used to work in some restaurant there told tell me that most of the waiters and waitresses were whites. 2 Likes |
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by JaceBlaze: 12:07pm On Jan 13, 2019 |
UncleJudax:I don't know what you foaming about but the last part kills me...
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Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by UncleJudax(m): 12:13pm On Jan 13, 2019 |
JaceBlaze:Foaming huh It is a brotherly advice. But I don't blame you,,, Nigeria contributed to your freedom but you don't have to appreciate anything. Wena, hold the ANC accountable. The white farmers are not your major problem. But you are free to plunge into economic crisis. Just know we might not be in a position to help you this time. |
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by XhosaNostra(f): 12:14pm On Jan 13, 2019 |
JaceBlaze: Is it La Pentola? What is his or her name? Unless he or she worked there after I left, because at the time the only blacks were myself , a girl called Thobile & an Indian guy called Denver. The rest were white. The place is very classy. I agree with you on the rest. People with an entitlement mindset turn me off big time. Most guys here these days are like that, that I don't see myself ever dating them There's nothing attractive about someone with the mentality of a maggot. |
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by JaceBlaze: 12:33pm On Jan 13, 2019 |
XhosaNostra:His name is Lebo,he was working at Spur,I can post his pic here if you wanna see him Yeah people with such mindset deserve to die single.If had a daughter I wouldn't let her bring someone like that home. 1 Like |
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by JaceBlaze: 12:48pm On Jan 13, 2019 |
UncleJudax:I don't know what you are advising me on but the last part kills me....
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Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by UncleJudax(m): 12:51pm On Jan 13, 2019 |
JaceBlaze:Ok bye |
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by XhosaNostra(f): 12:54pm On Jan 13, 2019 |
JaceBlaze: Lebo? I don't remember anyone by that name. Yes, please show me Losers that's all they are lol. |
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by JaceBlaze: 1:06pm On Jan 13, 2019 |
XhosaNostra:You were at Spur as well? |
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by XhosaNostra(f): 1:19pm On Jan 13, 2019 |
JaceBlaze: I don't know him. No, I never worked at Spur lol. |
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by JaceBlaze: 1:41pm On Jan 13, 2019 |
XhosaNostra:Okay hard luck 1 Like |
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by SkinnyNigga: 2:28pm On Jan 13, 2019 |
chineloSA:breakfast by Oga.. You get luck oo... You can make it fast... So those Zimbabweans with their dead economy still have big big ego.. Strange.. |
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by mechanics(m): 2:45pm On Jan 13, 2019 |
adekolaelect:Yes o. |
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by teelaw4life(m): 5:04pm On Jan 13, 2019 |
chineloSA: Always the victim. Always the blamer never the blamee. Anyway, i only relayed what a Zimbabwean citizen told me. She talked about how things were never that way while growing up until they chased the whites away. But sister, whoever you are, next time you wan to run your potty/gutter mouth, don't sirect it at me. Thank you. |
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by chineloSA(f): 6:39pm On Jan 13, 2019 |
SkinnyNigga: Yes they do. |
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