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Zimbabwe Is Down To Its Last $217

Adam Clark Estes | January 29, 2013

There are cash-strapped governments and there are broke governments. And then there's Zimbabwe, which, after paying last week's government salaries, has just $217 left in the bank. No, we didn't forget any zeroes to the end of that figure. Zimbabwe, the country that's home to some of the world's largest plutonium and diamond reserves, literally has the same financial standing as a 14-year-old girl after a really good birthday party. The country's finance minister admitted as much in a press conference on Tuesday. "Last week when we paid civil servants there was $217 [left] in government coffers," Tendai Biti told reporters. "The government finances are in paralysis state at the present moment. We are failing to meet our targets."

So it seems. However, Zimbabwe is hardly a stranger to financial hyperbole. The economy started to come apart at the seams in 2000, when President Robert Mugabe seized the land of over 4,000 white-owned farmers, effectively dismantling the country's agriculture industry. Over the course of the next decade, the country spiraled into an extended period of hyperinflation, the likes of which the world almost never sees. It peaked in August 2008, when inflation reached 11,200,000 percent and economists around the world started to say that the country's situation was hopeless. Prices were doubling by the day, and the government had to print Z$100 billion notes. The following year, they went ahead and printed Z$100 trillion notes, just before deciding to chop 12 zeroes off of the currency. A new coalition government formed that year and started on the long process of financial recovery, a process that is clearly going to take a little longer.

Read more: http://www.theatlanticwire.com/global/2013/01/zimbabwe-down-...

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Since Were Trillions in Debt...

Zimbabwe has more money than us! At least $217 more!

Every bank & it's newspaper hounds is after Zimbabwe's $217 !!!

Zimbabwe minister admitted that he country is not yet bankrupt. It has a positive account balance of $217. It is monetarily the richest nation on earth.

The news hounds have been released! The chase is on! Which bank will get that last unencumbered $217 on earth?

Could it be that this last unencumbered $217... will "jepordize national security?"

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Immaculate Money Fountain (IMF) Courts hapless Zimbabwe

This is huge news for all Printers-That-Be (PTB). This is theatre. The sordid travelling circus lies in the main tent. Zimbabwe graveling for a loan from the Immaculate Money Fountain (IMF). There is a den of vipers in the horror sideshow.

The IMF heard official rumors of the Great Zimbabwe demise. A governmental minister has devolved officially that Zimbabwe has no debt & holds onto their last $217. No lien. Unencumbered. The race is on!

      "Who will get Zimbabwe's last $217?"
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Imagine. Even the all seeing... All searching eye, Google ® does not know!
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Zimbabwe Is Down to Its Last $217
The Atlantic Wire ‎- 16 hours ago
And then there's Zimbabwe, which, after paying last week's government ... It's unclear how the Zimbabwean government is going to get itself out this fiscal mess ... "We will be approaching the international community," Biti said.

Zimbabwe has $217?
www.washingtonpost.com/blogs/compost/wp/.../zimbabwe-has-217/26 mins ago – Map: Where reporters have the least. ... Once it paid its civil servants, it was down to its last $217. I have ... You can pile it all into lottery tickets.

Zimbabwe Is Down to Its Last $217 - Yahoo! News
news.yahoo.com/zimbabwe-down-last-217-031022981.html17 hours ago – And then there's Zimbabwe, which, after paying last week's government salaries, has just $217 in the bank. ... It's unclear how the

Zimbabwean government is going to get itself out this fiscal mess, but whatever it does, it needs to do it quickly. ... "We will be approaching the international community," Biti said.

Zimbabwe's bank balance stands at $217 - Africa - Al Jazeera English
www.aljazeera.com/news/africa/2013/.../2013130134525141101.h... hours ago – "Last week when we paid civil servants there was $217 (left) in government ... Zimbabwe's government has warned it does not have enough money to fund a ... "We will be approaching the international community," he said.

BBC News - Zimbabwe says public account stood at $217 last week
www.bbc.co.uk/news/world-africa-212577657 hours ago – Zimbabwe's Finance Minister Tendai Biti says that the country only had $217 (£138) left in its public account last week after paying civil servants. ... in your current browser, you will not be able to get the full visual experience.

Official: Zimbabwe has just $217 left in the bank - CBS News
www.cbsnews.com/.../official-zimbabwe-has-just-$217-left-in-the-ba...5 hours ago – "Last week when we paid civil servants there was $217 in government ... been stolen from Zimbabwe's eastern diamond fields and have enriched ... The U.N. has said Zimbabwe will require at least $131 million in aid this year ...

Zimbabwean government bank balance 'down to $217' - The Guardian
www.guardian.co.uk › World news › Zimbabwe8 hours ago – Finance minister tells journalists some of them have healthier accounts than the state. ... "Last week when we paid civil servants there was $217 [left] in ... The UN has said Zimbabwe will require at least $131m in aid this year, ...

Zimbabwe checks its bank balance, finds only $217 - World News
worldnews.nbcnews.com/_.../16758970-zimbabwe-checks-i...
by Alex Johnson - in 5,317 Google+ circles - More by Alex Johnson
18 hours ago – Before you get depressed about the state of your finances, spare a thought for the nation of Zimbabwe, which as of Tuesday had exactly $217 in the bank. ... US human rights award · Recommended: French troops enter last Islamist stronghold in ...

Zimbabwe Has Only $217 Left in the Bank | TIME.com
newsfeed.time.com/2013/.../zimbabwe-has-only-217-left-in-the-bank...4 hours ago – If you have more than $217 left in your bank account, chances are you are ... $217 left in public bank accounts after paying public workers last week, ... of cash would threaten next year's elections, which will cost $104 million, ...

Zimbabwe's bank account has a balance of … $217 « The Greenroom
hotair.com/.../2013/.../zimbabwes-bank-account-has-a-balance-of-21...4 hours ago – “Last week when we paid civil servants there was $217 in government coffers,” ... diamonds have been stolen from

Zimbabwe's eastern diamond fields and have enriched ... I would still prefer an island, but Zimbabwe will do.
Zimbabwe Has Just $217 In The Bank - Business Insider
www.businessinsider.com/zimbabwe-has-just-217-in-the-bank-20... hours ago – "Last week when we paid civil servants there was $217 (left) in government ... Zimbabwe's government has warned it does not have enough money to fund a ... "We will be approaching the international community," he said.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

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Wait... $217 after paying their bills?

We're trillions of dollars in the hole. :)

Patriot Cell #345,168
I don't respond to emails or pm's.
http://www.youtube.com/watch?NR=1&feature=endscreen&v=qo8CmO...
Those who make peaceful revolution impossible will make violent revolution, inevitable.

Our demise is an exaggeration - Zimbabwe Minister of Truth, 2013

"Zimbabwe Tours" ~ Please come for a visit.

  • Hwange ~ Victoria Falls (5 days)
  • Harare ~ Kariba ~ Hwange ~ Victoria Falls (8 days)

"Zimbabwe gold nugget" photograph galley" ~ Dig for yourself.

Rumors of our great demise are an exaggeration. - Zimbabwe Minister of Truth, 2013

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Magic spells don't work unless you use the right name

If you just print money, it destroys your economy, but if you call it 'quantitative easing' then it magically produces wealth.

We are lucky to have our wise overlords.

Tu ne cede malis sed contra audentior ito

Printing physical hard

Printing physical hard currency destroys your economy. Expanding credit ('quantitative easing') does not, though expanding credit too far does eventually lead to printing hard currency once the expansion of credit dries up. This is exactly what happened to Zimbabwe.

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"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence

If America's finances get 1/4 that of Zimbabwe

it could be tragic for most of the population! So many are on welfare and have no other means of supporting themselves. Then there are the S.S. retirees that have no other income. during the great depression of the thirties most of the population were farmers. They had livestock and gardens to survive.

If the American economy hits hyperinflation it could be a hundred times worse than in the thirties. What are people going to do when they wake up one day and find milk up to $100 per gallon, or no milk at all?

This is going to come upon America, no amount of printing of the fiat dollar is going to stop it. After all America's economy has hit hyperinflation twice in the past. Other countries have gone this route over 25 times in the last 40 years, we are over due for a massive correction for all the propping up of the banksters.

Gold standard: because man can not be trusted to control his greed

$217 > -$17 Trillion

or whatever absurd number the debt is reaching these days....

We show your note on our tours. - Zimbabwe Minister of Truth

Dear JixMainstream, DailyPaul Member ____________ Jan 30, 2013

Reports of our demise are an exaggeration. Thank you for giving us hope.

We are running a new tourist promotion here in our beloved land, thanks to you! As reported widely, our Zimbabwe Dollar has collapsed. Our spendthrift ways have brought our national accounts down to what, here-to-fore, we thought to be despair. Default. We have but $217 dollars of international [paper] money in our Treasury. We had lost all hope of trading with our friends beyond our borders.

Upon receiving your diplomatic pouch, we deciphered your cryptic note. We double checked your calculation with our abacus. We realized there was still hope. Before all was lost, we immediately stopped our spendthrift ways! Now, with renewed spirit & vigor we have decided to take our country off the auction block. As you calculated, our zero debt gives us honor with distinction:

    Zimbabwe: The richest Nation on Earth. Free of debt.
    $217 > -$17 Trillion USA

We sent our staff outside with shovels to bring back $217 of silver from our mines. From study of your country's monetary history, we learned how to print 100% redeemable Silver Certificates. We will be the only country in the world with our monetary base 100% backed by silver. We are engraving the printer plates now. Here are some of our unaccounted Barbaric relics: Zimbabwe Silver & Gold Mining Photographs

Thank you kindly to sustaining our faith in our time of need. Regards to you & your fellow United States citizens. Please come visit our country this Spring. It is so beautiful in bloom. We personally extend our invitation for a royal tour.

Zimbabwe. The richest Nation on Earth. Monetary system 100% backed by silver.

Sincerely,

[unsigned]

Zimbabwe Minister of Truth

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

This is the Most Important Point You Nailed It

Zimbabwe is 17 trillion richer than the US. They have a POSITIVE balance.

"when inflation reached 11,200,000 percent"

That is hilarious. It wasn't until we hit 11,000,000 that we realized there was a problem...

I suspect the drain in America can be kept up longer due to electronic currency. The need for actually carrying paper or coin isn't necessary, so people don't "see" what is going on. I fear it's going to be much worse then some suspect...