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ANALYSIS: Will Zimbabwe Pave the Way for Gold-Backed Money?
ANALYSIS: Will Zimbabwe Pave the Way for Gold-Backed Money? People walk past the Reserve Bank of Zimbabwe building in Harare, Zimbabwe, on Feb. 25, 2019. (REUTERS/Philimon Bulawayo/File Photo) Will gold rescue Zimbabwe from the ashes of economic despair and usher in a new economic era? Since Zimbabwe declared independence from the former Republic of Rhodesia […]
China Will Use Millions Of Zimbabwe Citizens To Improve Facial Recognition Accuracy
China Will Use Millions Of Zimbabwe Citizens To Improve Facial Recognition Accuracy As China spreads its economic footprints across multiple continents with The Belt and Road Initiative, and exercises more and more control over the lives of its subjects via a combination its Social Credit Score system and vast surveillance state, it appears Beijing’s Big […]
Hyperinflation Is Back: “Zimbabwe Burns While The Lights Are Out”
Hyperinflation Is Back: “Zimbabwe Burns While The Lights Are Out” “Zimbabwe burns while the lights are out” Dear Family and Friends, A red light or high pitched alarm are the two most dreaded things in our lives in Zimbabwe today. They mean that the car has almost run out of fuel, the prepaid electricity meter […]
“It Feels Apocalyptic” – A Letter From Zimbabwe, Where The Country Remains In Total Shutdown
“It Feels Apocalyptic” – A Letter From Zimbabwe, Where The Country Remains In Total Shutdown Zimbabwe is once again at the brink of economic collapse, making a mockery of President Emmerson Mnangagwa’s claim that the country is open for business. As Bloomberg reports, many shops and factories have shut their doors because of a lack of […]
Protests Erupt As Zimbabwe Now Has The Most Expensive Gasoline In The World
Protests Erupt As Zimbabwe Now Has The Most Expensive Gasoline In The World Zimbabwe is once again at the brink of economic collapse, making a mockery of President Emmerson Mnangagwa’s claim that the country is open for business. As Bloomberg reports, many shops and factories have shut their doors because of a lack of customers […]
Zimbabwe spirals into economic chaos as fears of another round of hyperinflation begin to spark
Zimbabwe spirals into economic chaos as fears of another round of hyperinflation begin to spark Zimbabwe has a history of economic chaos and misery. In 2008, Zimbabwe had the second-highest incidence of hyperinflation in recorded history. The estimated inflation rate from November 2008 was 79,600,000,000%. Currently, citizens of Zimbabwe are stocking up on essentials such […]
Jim Rogers: “Before This Is Over, Gold Might Turn Into A Bubble”
Jim Rogers: “Before This Is Over, Gold Might Turn Into A Bubble” Famed investor Jim Rogers, chairman of Rogers Holdings, told Kitco News that while he is not yet buying gold at current levels, a rebound in the yellow metal could cause it to overheat. “Before this is over, gold could turn into a very […]
Zimbabwe ‘Coup’ Escalates: US Embassy Closes, Explosions Rock Harare, Military Seize State Broadcaster
Zimbabwe ‘Coup’ Escalates: US Embassy Closes, Explosions Rock Harare, Military Seize State Broadcaster Following at least three explosions across Zimbabwe’s capital city tonight – following what appears to be the start of a military coup as tanks rolled in – the US embassy in Harare has been closed. Additionally, reports state that troops have deployed […]
Making the Chicken Run
Making the Chicken Run “Making the chicken run” is what Rhodesians used to say about neighbors who packed up and got out during the ’60s and ’70s, before the place became Zimbabwe. It was considered “unpatriotic” to leave Rhodesia. But it was genuinely idiotic not to. I’ve written many times about the importance of internationalizing […]
Philip Haslam: When Money Destroys Nations
Philip Haslam: When Money Destroys Nations Understanding how currencies collapse The global debt glut, plus the related money printing efforts by the world’s central banks to try to stimulate further credit growth at all costs, leads us to conclude that a major currency crisis — actually, multiple major currency crises — are practically inevitable at […]
Is Japan Zimbabwe?
Is Japan Zimbabwe? Is Japan Zimbabwe? How preposterous: Japan is an advanced economy that cannot possibly suffer the same fate as Zimbabwe. Right? Or could Japan get hyperinflation? Below I explain why Japan, and with it investors’ portfolios, might be at risk. The other day, when I was on a panel discussing unsustainable deficits in […]
