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Prof. Steve Hanke
@steve_hanke
, 3 tweets, 2 min read Read on Twitter
(1/3) #Zimbabwe’s Min. of Fin. #Ncube has just officially blessed a huge devaluation in Zim quasi currencies and said they will float. He should have added that they won’t float on a sea of tranquility, but sink. bloomberg.com/news/articles/…
(2/3) With the creation of RTSG dollars, which are simply composed of RTGS balances, bond note and bond coins, the Reserve Bank of Zimbabwe has changed nothing. Bond notes and RTGS$ are cancerous and must be removed from #Zimbabwe's monetary system.
(3/3) By combining bond notes and RTSGs into RTSG dollars, the Reserve Bank of Zimbabwe has only compounded the problem. Instead of adding another currency to its shell game, it should have gotten rid of its quasi-currencies all together.
washingtonpost.com/world/africa/z…
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Poor Richard
@rsaunders1782
Zimbabwe - The Antecedents of Genocide:

1. Political upheaval: We found that high magnitudes of previous internal wars and regime crises over a period of 15 years increased the risk of genocide during or after a new state failure by nearly two times.

#Zimbabwe: Check
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@W7VOA
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@W7VOA
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@W7VOA
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