Zimbabwe Economic Collapse

Discussion in 'Accreditation Discussions (RA, DETC, state approva' started by Kizmet, Nov 28, 2016.

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  1. Kizmet

    Kizmet Moderator

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  2. decimon

    decimon Active Member

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  3. mbwa shenzi

    mbwa shenzi Member

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    To be eligible for the position of governor of the Reserve Bank of Zimbabwe, a candidate should be in possession of a doctorate degree. Mangudya took over after Gideon Gono who graduated in 2007 with a PhD in Strategic Management from Atlantic International University.
     
  4. decimon

    decimon Active Member

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    Going from a relatively free economy to a command economy turned Zimbabwe from being a breadbasket to being a basket case. Putting the brightest, best educated human or a pet rock in that position would make no difference.
     
  5. SteveFoerster

    SteveFoerster Resident Gadfly

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    It would hardly be a drawback, sure, but why would they necessarily need one?
     
  6. mbwa shenzi

    mbwa shenzi Member

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    Don't know, but I think it's a requirement. Mangudya has been accused of not being qualified for the job because of the WIU degree, but decimon is probably right: someone with a legitimate degree wouldn't make much difference.
     
  7. Johann

    Johann Active Member

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    Speaking of Zimbabwe, doesn't First Lady Mrs. Robert Mugabe (Grace) have a 60-day wonder-doctorate? Oh yeah, she does...

    https://www.theguardian.com/world/shortcuts/2014/sep/15/grace-mugabe-phd-award-first-lady-zimbabwe-university

    and here: Call for Zimbabwe's Grace Mugabe to return PhD - BBC News

    And here's a list of her husband's seven legit, earned degrees - including 2 law degrees earned from a jail cell - eleven honorary degrees and three revoked honorary degrees.

    Full list of President Mugabe's 18 degrees: 7 academic, 11 honorary, 3 revoked - My Zimbabwe News

    Somehow, I doubt a plethora of good degrees would effect any material change in Zimbabwe. I see no hope here. No hope at all. :sad:

    J.
     
  8. SteveFoerster

    SteveFoerster Resident Gadfly

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    There's hope: he can't live forever. Hopefully soon he'll join Castro in Hell.
     
  9. decimon

    decimon Active Member

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    But the Party will live on, like the PRC. With any luck, the Party will liberalize enough, post Mugabe, for the people to begin building decent lives for themselves.
     
  10. TomE

    TomE New Member

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    You can switch "Zimbabwe" out with "The U.S." in the title and set the date 10-15 years into the future and the title would probably have at least some relevance...
     
  11. SteveFoerster

    SteveFoerster Resident Gadfly

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    To be blunt, I can't imagine that anyone who knows what a real economic collapse is like would say something like that.
     
  12. Bruce

    Bruce Moderator

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    You're not much of a student of history, are you?
     
  13. Johann

    Johann Active Member

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    It'll take a while. I read recently that Mugabe has fixed it so his wife, Grace, will assume the throne when he kicks. Short of a coup, she'll last a while. She's a lot younger than hubby dearest. He's 92, she's 51, I think.

    J.
     
    Last edited by a moderator: Nov 29, 2016
  14. decimon

    decimon Active Member

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    May she be known as Amazing Grace for doing some good.
     
  15. Johann

    Johann Active Member

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    She's already (predictably) known by some as "Amazing Grace." Article on her and hubby here: https://www.theguardian.com/world/2015/jul/15/dont-mess-with-grace-mugabe-she-could-be-next-president-zimbabwe

    And she's already announced herself as the new President, who will take office when Robert Mugabe steps down: http://buzzsouthafrica.com/grace-mugabe-announces-herself-new-zim-president/

    (Apparently, Mr. Mugabe has announced that he is working towards his retirement as President. See article.)

    J.
     
    Last edited by a moderator: Nov 30, 2016
  16. decimon

    decimon Active Member

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    "It's unthinkable, but even the Yankee Dollar, given enough abuse, can be debased. Nobody in Washington wants to hear this but then nobody in Caracas or Harare did either."

    https://pjmedia.com/richardfernandez/2016/11/28/the-abolition-of-money/?singlepage=true
     
  17. Johann

    Johann Active Member

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    Looking around me, I don't think anyone in Ottawa or (particularly) Toronto wants to hear it either! Ontario, where I live, is the world's most indebted sub-sovereign borrower. One third of the population, but twice the debt of California!

    With twice the debt of California, Ontario is now the world

    J.
     
  18. decimon

    decimon Active Member

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    "We're number one! We're number one!"

    I was going to call the politicians idiots but then thought of the voters and finally of the lenders. How can this be?
     
  19. TomE

    TomE New Member

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    Thanks for this reply. I think it is a little naive to question (not saying that you were the one questioning!) the possibility of these types of scenarios when a degree of unbacked fiat currency and high debt levels are involved and where there are historic examples of other first-world countries/empires experiencing such periods.
     
  20. SteveFoerster

    SteveFoerster Resident Gadfly

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    I've been a radical libertarian my whole adult life, which means that I've been hearing my more excitable peers bang on about the imminent collapse of the U.S. dollar for a quarter of a century now.

    The U.S. dollar doesn't have to outrun the bear, it just has to outrun all the other fiat currencies. That's why even a few rounds of QE didn't sink it. The Euro seems more likely to dissolve than to dethrone it, and no other scenarios even pass the straight face test.
     

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