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Zimbabwe has $217 in the bank: finance minister
Star Africa ^ | 1-29-13 | Jekesai Njikizana

Posted on 01/29/2013 3:33:05 PM PST by dynachrome

HARARE (AFP) After paying public workers’ salaries last week, the balance in cash-strapped Zimbabwe’s government public account stood at just $217, Finance Minister Tendai Biti said Tuesday.

“Last week when we paid civil servants there was $217 (left) in government coffers,” Biti told journalists in the capital Harare, claiming some of them had healthier bank balances than the state.

“The government finances are in paralysis state at the present moment. We are failing to meet our targets.”

Zimbabwe’s economy went into free-fall at the turn of the millennium, after President Robert Mugabe began seizing white-owned farms.

The move demolished investor confidence in the country, paralysed production, prompted international sanctions and scared off tourists.

After more than a decade — in which the country suffered hyper-inflation of 231 million percent and infrastructure that crumbled as quickly as prices went up — the situation is now more stable.

But public finances remain a mess and local business battles against unstable electricity supplies, lack of liquidity and high labour costs.

Zimbabwe’s government has warned it does not have enough money to fund a constitutional referendum and elections expected this year.

(Excerpt) Read more at en.starafrica.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events; Political Humor/Cartoons
KEYWORDS: economy; lol; zimbabwe
Funniest thing I've read in awhile!
1 posted on 01/29/2013 3:33:12 PM PST by dynachrome
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To: Clive

Zim ping


2 posted on 01/29/2013 3:34:19 PM PST by dynachrome (Vertrou in God en die Mauser)
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To: dynachrome

Bring back the Brits.


3 posted on 01/29/2013 3:37:27 PM PST by Mears
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To: dynachrome

Could be worse —they could instead be $115 TRILLION in the hole, after you could unfunded liabilities.

(that’s a pile of $100-bills twice as high was the WTC, btw...)


4 posted on 01/29/2013 3:39:32 PM PST by gaijin
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To: dynachrome
Yeah, funny.
Except that they are planning to ask for international donations.
Just wait for Obama's next bail out.
5 posted on 01/29/2013 3:39:39 PM PST by norton
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To: dynachrome

But actually, that is more than we have.


6 posted on 01/29/2013 3:39:52 PM PST by Vince Ferrer
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To: dynachrome

Sorry. Just do not care.


7 posted on 01/29/2013 3:40:02 PM PST by Kenton (Wounded Warrior Project, a charity worth supporting - Donate today.)
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To: dynachrome

At least they’re in the black financially!


8 posted on 01/29/2013 3:41:04 PM PST by jughandle
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To: dynachrome

Hey! Just like America under O!


9 posted on 01/29/2013 3:41:54 PM PST by F15Eagle (1 John 5:4-5, 4:15, 5:13; John 3:17-18, 6:69, 11:25, 14:6, 20:31; Rom10:8-11; 1 Tim 2:5; Titus 3:4-5)
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To: dynachrome

That’s $16,500,000,000,217 more than we got.


10 posted on 01/29/2013 3:42:14 PM PST by Fightin Whitey
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To: dynachrome

Maybe they could just put in one of those $1 Quadzillion Zimbabwe bills in the bank to cover it?


11 posted on 01/29/2013 3:42:30 PM PST by SeminoleCounty (GOP = Greenlighting Obama's Programs)
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To: dynachrome
Harare, Zimbabwe

And in better times, long ago:


12 posted on 01/29/2013 3:43:11 PM PST by gaijin
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To: dynachrome

Sounds like Zimbabwe is longing for the days when it was Rhodesia


13 posted on 01/29/2013 3:43:46 PM PST by elkfersupper ( Member of the Original Defiant Class)
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To: dynachrome

Good thing they didn’t try Quantitative Easing. The $217 would be in the red, and with about seven decimal places on the end.


14 posted on 01/29/2013 3:47:09 PM PST by blackdog (There is no such thing as healing, only a balance between destructive and constructive forces.)
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To: F15Eagle

leave it to a foreign born, foreign educated, foreign mentored, anti american indonesian muslim steeped in marxism beliefs......

let the culture go the course and yes, we will have a kenya....er zimbabwe on our plate.


15 posted on 01/29/2013 3:54:59 PM PST by himno hero (hadnuff)
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To: dynachrome

“Does anybody have a phone number for that Geithner fellow? I hear he’s available.”


16 posted on 01/29/2013 3:56:22 PM PST by jiggyboy (Ten percent of poll respondents are either lying or insane)
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To: dynachrome

My daughter, who just graduated from college and started working on contract for a PR and advertising firm as an Accounts Analyst is RICHER than the entire country of Zimbabwe... who would thunk!!


17 posted on 01/29/2013 4:02:48 PM PST by SeekAndFind
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To: blackdog

$217??? Woo Hoo!! Road Trip!


18 posted on 01/29/2013 4:04:42 PM PST by grandpa jones (obama delenda est)
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To: Fightin Whitey
Image Hosted by ImageShack.us

our new treasury sec has it covered.

19 posted on 01/29/2013 4:05:56 PM PST by TurboZamboni (Looting the future to bribe the present)
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To: dynachrome

$217 in the bank??

even Zimbabwe’s financial situation is better then ours


20 posted on 01/29/2013 4:09:36 PM PST by sten (fighting tyranny never goes out of style)
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To: dynachrome

$217??????? US???????????///

Well, that’s 20 million, billion with a trillion local dollars. They’re still rich. /s


21 posted on 01/29/2013 4:09:41 PM PST by PeteB570 ( Islam is the sea in which the Terrorist Shark swims. The deeper the sea the larger the shark.)
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To: dynachrome

LOL...Coming to America!!!! Sooner than you stupid liberals think!!


22 posted on 01/29/2013 4:18:02 PM PST by Ann Archy (ABORTION........the HUMAN sacrifice to the god of CONVENIENCE.)
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To: Mears

Why? Its the Brits fault. They stabbed the Boers in the back.


23 posted on 01/29/2013 4:19:00 PM PST by Little Ray (Waiting for the return of the Gods of the Copybook Headings.)
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To: gaijin

That is NOT Zimbabwe.....is it?


24 posted on 01/29/2013 4:19:43 PM PST by Ann Archy (ABORTION........the HUMAN sacrifice to the god of CONVENIENCE.)
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To: TurboZamboni

WHAT DIFFERENCE AT THIS POINT DOES IT MAKE?!?

(perfect all purpose answer especially if delivered in a the tone of a peahen with an M-80 stuck up its....)


25 posted on 01/29/2013 4:24:30 PM PST by Fightin Whitey
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To: dynachrome
$17 or $217???

26 posted on 01/29/2013 4:29:53 PM PST by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -ww- NO Pity for the LAZY)
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To: dynachrome

Not a black run country in Africa that isn’t a turd-world nation.


27 posted on 01/29/2013 4:55:54 PM PST by CodeToad (Liberals are bloodsucking ticks. We need to light the matchstick to burn them off.)
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To: dynachrome
And we've got -$50 Trillion in the bank.

Which is the banana republic?

28 posted on 01/29/2013 5:28:30 PM PST by Trailerpark Badass (So?)
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To: dynachrome

What they need is a black guy and a Jew to straighten out that mess. Have the Jew just start printing money and have the black guy convince everyone that free stuff and recovery are on the way.


29 posted on 01/29/2013 6:09:33 PM PST by RetiredTexasVet
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To: dynachrome; windcliff

No sense being greedy. I have forwarded an email to them that I received from a wealthy individual who recently died. It is worth several million dollars. I’m sure they can use the money more than I can.


30 posted on 01/29/2013 6:13:48 PM PST by I Drive Too Fast
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To: dynachrome

You know what’s not so funny? They have $16,000,000,000,217 more than we do!


31 posted on 01/29/2013 6:17:03 PM PST by Boogieman
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To: dynachrome

All they have to do is start minting trillion-dollar coins.

If need be, they can use old bottle caps. The theory is the same.


32 posted on 01/29/2013 6:21:34 PM PST by marron
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To: Fightin Whitey

A. You nailed it.
2. Great name! You should sell tshirts!


33 posted on 01/29/2013 6:28:17 PM PST by PilotDave (No, really, you just can't make this stuff up!!!)
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To: dynachrome

Wasn’t there a white woman who posted here a while ago from Zimbabwe?

Things were horrific then; hope she’s still alive or has escaped.


34 posted on 01/29/2013 6:42:54 PM PST by SnuffaBolshevik (In a tornado, even turkeys can fly.)
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To: dynachrome

The profit from Zimbawes diamond mines must go in Mugabes bank account....


35 posted on 01/29/2013 6:49:13 PM PST by hosepipe (This propaganda has been edited to include some fully orbed hyperbole..)
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To: dynachrome

"We need to increase taxes!"


36 posted on 01/29/2013 6:55:47 PM PST by COBOL2Java (Fighting Obama without Boehner & McConnell is like going deer hunting without your accordion)
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To: Little Ray; dynachrome
Your post #23.

Why? Its the Brits fault. They stabbed the Boers in the back.

Sadly I have no alternative but to agree with your statement. I was in Canada as an ex-pat Brit, when the struggle commenced for the then Rhodesia. I remember the demonstrations shown on television in London. How righteous and know it all were my fellow countryman. They all knew what was best for Rhodesia, now Zimbabwe.

I noted the progress of some of these protesters and one lives in a very neat, nice suburb of London. I daresay that if one looked out of place around there, a local Bobby would be called. They live in a Dickensian middle class enclave. Expensive residences force segregation, they will not admit that though.

Yet they helped thrust on the white Rhodesians a certain kind of regime. It became possibly worse than that which British people faced living in islands off France. These were occupied by German troops early in 1940. We know how the Germans behaved when those British islands of Jersey and Guernsey were occupied in WW2.

The BBC had to shut their mouths about it, for -well life went on there. Bad for the morale. A long ramble, but the protesters in another country ,find it easy to dictate what will not occur in their own country.

37 posted on 01/29/2013 6:59:50 PM PST by Peter Libra
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To: gaijin
"that’s a pile of $100-bills twice as high was the WTC, btw...)"

Here's a better way to visualize it. As you watch, keep in mind that's merely the debt, and does not even take into account what was spent within budget...

38 posted on 01/29/2013 7:03:30 PM PST by Joe 6-pack (Que me amat, amet et canem meum)
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To: gaijin
Could be worse —they could instead be $115 TRILLION in the hole, after you could unfunded liabilities. (that’s a pile of $100-bills twice as high was the WTC, btw...)

Not in Zimbucks, that's two notes with Z$85,000,000,000,000 in change coming...

Still, if they are financially in the black, they are ahead of us in that respect.

39 posted on 01/29/2013 7:13:49 PM PST by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing)
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To: PilotDave

There are T-Shirts out there and there’s a great logo that I’ve seen here on FR, a which I have a copy of, but be damned if I can figure out how to post it.

As an alum of the U of North Dakota I picked the name after the NCAA forced the school to drop its use of “University of North Dakota Fightin’ Sioux” as its sports team nickname (NOT mascot...they have NEVER had a mascot)...I grew up on a reservation (not a Lakota or Sioux reservation) and always thought it was cool that (mostly) lily white N.D. had honored the mighty Lakota nations by using its (admittedly white) name honorarily, and with much pride and respect...


40 posted on 01/29/2013 7:33:42 PM PST by Fightin Whitey
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To: dynachrome

and w/ Timmy G. gone; "Junk bonds" Trader Jack Lew taking the reins....

41 posted on 01/29/2013 7:41:31 PM PST by skinkinthegrass (who'll take tomorrow,spend it all today;who can take your income,tax it all away..0'Bozo man can :-)
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To: gaijin
Could be worse —they could instead be $115 TRILLION in the hole, after you could unfunded liabilities.

Exactly!

42 posted on 01/29/2013 7:44:19 PM PST by St_Thomas_Aquinas
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To: dynachrome
Zimbabwe’s economy went into free-fall at the turn of the millennium, after President Robert Mugabe began seizing white-owned farms.
The move demolished investor confidence in the country, paralysed production, prompted international sanctions and scared off tourists.

Now I finally truly understand why many call him Barack Huussein O'Mugabe.
He's intent on replicating the cluelessness of Zimbabwe's leader on a massive scale.

I never expected the producers of Zimbabwe the be the first to go Galt. Assuming they're not all dead yet.

43 posted on 01/29/2013 7:55:47 PM PST by publius911 (Look for the Union Label -- then buy something else)
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To: gaijin

Pics look like a Detroit comparison.


44 posted on 01/29/2013 8:41:31 PM PST by QT3.14 (Political Correctness: Intellectual AIDS - It sickens and kills everything it touches ~ Wm. Lind)
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To: Fightin Whitey
Image Hosted by ImageShack.us

45 posted on 01/30/2013 5:30:07 AM PST by TurboZamboni (Looting the future to bribe the present)
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To: I Drive Too Fast

I wish I had that much money in the bank.


46 posted on 01/30/2013 6:53:26 AM PST by windcliff
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To: Little Ray
Wise, white Rhodesians would not allow Western owned mining companies to loot Rhodesia's vast mineral wealth, so the white leadership must be removed from power. Once the UK and US embargoed their goods and banned importation of military hardware, it was only a matter of time.

Now, these poor dumb bastards have Robert Mugabe and his tribe of henchmen that can't even feed themselves. Hell has a new address

47 posted on 01/30/2013 8:16:52 AM PST by STD ( People say 'It's as plain as the nose on your face' but none of us can see theirs!)
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To: Peter Libra; STD; dynachrome

Don’t worry. Sooner or later the Chinese will be in there. Then Zims can learn about REAL racism and what a REALLY harsh taskmaster is like...


48 posted on 01/30/2013 12:10:28 PM PST by Little Ray (Waiting for the return of the Gods of the Copybook Headings.)
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To: dynachrome

That makes them at least $16,000,000,000,217 ahead of us.


49 posted on 01/30/2013 12:12:40 PM PST by kevkrom (If a wise man has an argument with a foolish man, the fool only rages or laughs...)
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To: gaijin

In other words, Detroit with the occasional giraffe.


50 posted on 01/30/2013 12:13:15 PM PST by Tijeras_Slim
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