In Zimbabwe, everybody is a billionaire.
Everybody.
Did I say, everybody? I think I did.
Here’s one. Look! He’s happy. He’s got roughly $10 USD. About 60 million.
They stopped counting monies. They weigh them.
So for a bottle of beer, this is how much you need to bring.
Lots of money. What would you do when you have 100 billion dollars?
Well, 100 billion dollars can buy you three (3) eggs.
This is Mugabe. This asshole ruined Zimbabwe’s economy.
So, a loaf of bread in Zimbabwe, will cost you billions and billions of dollars.
If you go out to dinner? This is typically how much you pay:
You want candies in plastic? You need anywhere between 6 to 15 million.
Vegetables? You need a truck. Not for your vegetables. But for your millions.
Live chickens? Yeah….. millions.
And this is how your salary would look like.
Runaway hyperinflation
Zimbabwe’s inflation soared to more than a million percent. How does 231 million percent of inflation sounds to you? High? It is still going up! Now, according to independent analysts, the country faces a bleak future ahead. Well, hellooo! At 231 million percent inflation? You don’t need an analyst to tell you about how bad the future is gonna be.
Runaway hypercorruption
What about us in the Philippines? Well, at the rate the rampant in-your-fcking-face-corruption in the Philippines is happening allegedly perpetrated by government officials themselves which is really harap-harapan na sama na mga lecheng bangkong ginago na mga depositors pati na mga pre-need plans na pag need mo na, naglaho na pera? Ewan ko lang.
REFERENCES:
- Finans kriz, written in a language I don’t understand.
- 231 million per cent inflation: Zimbabwe dumps currency
- First country in the world to hyperinflate
- Zimbabwe inflation rockets off the scale
- Inflation-weary Zimbabwe to allow foreign currencies
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bakit nga ba may mga taong ….kung anong pangit ng mukha ay ganun din kapangit ng budhi !!!!!!? buhay pa inuuod na ang laman ng mga pulitikong gahaman at mapag-samantala sa kaban ng bayan!…meron kaya silang kabusugan sa pandurugas? nag tatanong lang….baka merong pulitikong gustong sumagot nito…..
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reynz Reply:
February 13th, 2009 at 2:28 am
Eto ang araw-araw na drama. Puro lang sya senate investigation. Parang isang mapaklang TV show:
1. NBN ZTE Scandal
2. Millions of bribe money to Congressmen and Governors (October 2007)
3. Cheating in 2004 Elections (Hello Garci)
4. Joc Joc Bolante Case (Fertilizer Scam, P728 Million)
5. Jose Pidal Bank Account (Unexplained Wealth, P200 Million)
6. Nani Perez Power Plant Deal ($2 Million)
7. Use of Road User’s Tax for Campaigning
8. Billion Peso Macapagal Boulevard (Overprice of P532 Million)
9. Juetengate (Illegal Numbers game kickbacks)
10. Extra Judicial Killings
11. Arroyo Moneys in Germany (Exposed by Senator Cayetano)
12. General Garcia and Other Military Men
13. Billion Peso Poll Automation contract (P1.3 Billion)
14. Northrail Project($503 Million)
15. Maguindanao Results of 2007 Elections (Zubiri, Bedol)
16. NAIA-3
17. Venable Contract (Norberto Gonzales)
18. Swine Scam (Exposed by Atty. Harry Roque) – Details in this link http://www.newsflash.org/2004/02/hl/hl107311.htm
19. P432-million fertilizer deal in 2003
20. Alabang Boys Bribery Case
21. Legacy Bank’s double your money scheme
22. World bank contractor scandal
23. Pacific Plan’s pre-need
reynz´s last blog post..A day in the life of a Citibank Call Center guy
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Silver Reply:
February 13th, 2009 at 5:11 am
Potah ang mga sangkot dyan…puro lame excuses sila…
kunwaring may sakit…
tuwing may senate investigation, may sakit si kulana, si kulano…
ah, bwishet kayo,
pero pag dudukot kayo sa may bulsa ng bulsa…hindi kayo nagkakasakit…
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reynz Reply:
February 13th, 2009 at 2:52 pm
kaya alam mo na me mga kademonyohan na naman dahil tatawagan kunyari ang doktor taz mag issue nang press release at life threatening
reynz´s last blog post..A day in the life of a Citibank Call Center guy
Ely Reply:
February 14th, 2009 at 3:28 pm
kakasawa na mga yan. buti na lang may cable, or else ndi na ako manonood ng TV. amf!
Ely´s last blog post..American Idol, Joanna Pacitti: Out!
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Ma ba O Reply:
February 14th, 2009 at 3:53 pm
madadagdagan pa yan………….
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Bebot, walang makakasagot sa tanong mo. Nasa St. Luke’s lahat…
DFish´s last blog post..The Buzz – The Future of Our Reading Habits
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reynz Reply:
February 13th, 2009 at 2:26 am
yan ang drama these days, kung ayaw mong maibestigahan, call the doctor. hahaha
reynz´s last blog post..A day in the life of a Citibank Call Center guy
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Ahahahaha!
This is true, but I’ve never imagined how would transactions look like.
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reynz Reply:
February 13th, 2009 at 3:13 am
you’ll need a truck to haul your money. hahaha!
reynz´s last blog post..A day in the life of a Citibank Call Center guy
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Tikbalang mahabagin! Mas mahaba pa sa credit ni Mang Godo sa tindahan ni Aling Bising heto…Kung Zimbabwe pa ang singilan nito – kulang ang towing trucks ng MMDA…
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reynz Reply:
February 13th, 2009 at 3:18 am
well, look on the bright side: pag sinabi nang mga hayop na bangko at investment pre-need plans na they will dobol – tripol – fivebol – sixbol, leche! bilyon bilyon peso na ang kikitain nang piso! hahahaha solve ang problema nang Legacy Bank hahaha
reynz´s last blog post..A day in the life of a Citibank Call Center guy
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kow, kung sa pinas yan, ang hirap magbayad sa dyip. pamasahe mo pa lang, isang bag na ang dala mo. hehe.
marhgil´s last blog post..Eraserheads Reunion Concert “Final Set” Tickets Now Available
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Reyna Elena Reply:
February 13th, 2009 at 3:54 am
well, instead of computer bags or attache case, malaking samsonite ang bitbit mo hahaha sa mga di kayang bumili nang samsonite, balikbayan box will do hahahha
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pero i think maliit lang ang crime rate ng snatcher sa kanila, kasi yung makukuha ng snatcher at pick pocket eh tiping 0.10 cents lang ang equivalent.
Mahirap naman mag snatch ng bayong bayong na pera kasi di sila makakatakbo ng mabilis. (hahaha!)
noel (work at home dad)´s last blog post..10 Ways to Write More Effective Ads – Part 2/10
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Reyna Elena Reply:
February 13th, 2009 at 3:53 am
leche!! bwhahahaha natawa ako sa 0.10 cents mo hahaha malaking problema nang mga snatchers kung ganun!
which is one good point in fighting these types of crime di ba? hyperinflation dapat hahahaha
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BOBO kasi itong si Robert Mugabe…
Dapat hindi na sila nag-print pa ng pera para bumaba na ang hyperinflation sa kanila…in principle ng fractional reserve system, kapag nag-print ng maraming pera, tataas ang inflation mo, tataas ng presyo mo, bababa ang purchasing power mo, at devaluated ang value ng currency mo.
Because in essence, you are printing money out of debt. You are creating money out of debt.
Isa lang ang solution sa problema ng Zimbabwe: Alisin si Robert Mugabe at itigil ang pag-print ng pera ng Zimbabwe for the meantime. Kung kailangan nilang mag-adopt muna ng ibang currency, kung di pa kaya ng Zim dollars, go lang para ma-rescue ang ekonomiya nila.
Sa palagay ko, ang IQ ni Mugabe is way below the charts. Way below pa sa mentally retarded. Sinisisi nya pa ang western nations sa kalagayan ng bansa. Gago. Ikaw kaya ang nakaupo dyan sa pwesto so ikaw ang may accountability dyan. Potah ang BOBO talaga eh.
Grrr…
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reynz Reply:
February 13th, 2009 at 2:48 pm
hay naku! agree to the highest level!
he did not understand the effect of his stupid land reform.
worse he has no clue that printing money killed evertyhing.
reynz´s last blog post..A day in the life of a Citibank Call Center guy
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yan ang madalas kong itanong nuon sa dad ko nung bata pa ako hehe, isipin mo un naisip ko na yung mga ganyan nun…mga 5 years old to 6 years old pa ako nun…
I asked my dad.. Dba piniprint lang ang pera? bakit hindi na lang mag print ng maraming maraming pera ang presidente para pati mahihrap mabigyan ng pera??
he answered: “edi mawawalan ng value yung pera natin, parang “teks cards( playing cards ng mga bata)” na lang… bibili ka lang ng candy dadangkalin mo pa yung pera mo pambayad…”
Jamez´s last blog post..Recession Tips | Its Actually The Right Time To Spend
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AbbyGurL Reply:
February 13th, 2009 at 9:42 am
Ganito rin naisip ko dati Kuya.
Sabi ko kasi kung may shortage sa pera, eh di mag print ng marami. Toinks. That doesn’t work that way pala.
I could only worry about their future. Pano kaya yun? O_O
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reynz Reply:
February 13th, 2009 at 2:51 pm
@abbygurl,
i think all of us thought that way. kahit ako, when i was a kid, i did not understand the fact na andaming walang pera that could be solved by printing a lot of monies. hahaha mali pala.
reynz´s last blog post..A day in the life of a Citibank Call Center guy
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reynz Reply:
February 13th, 2009 at 2:48 pm
hahaha law of supply and demand.
reynz´s last blog post..A day in the life of a Citibank Call Center guy
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reynz,
please explain what happened!!!!!!!! (tamad hahaha)
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reynz Reply:
February 13th, 2009 at 2:46 pm
maybe i should do another blog entry to explain what happened in Zimbabwe. its a combination of a leader who knows nothing economy, stupid and engot like what Silver said.
it all started when the government decided to grab lands back from white minorites and gave it to black people without just compensation. wait – without compensations. worse? these blacks did not know how to run the farms so output came to a halt. what is output? GDP. rememer this country used to be wealthy.
the loss of property rights gave way to the loss of banking to the loss of trust
then sometime in 2003, they started printing money.
i’ll just explain what happened in the next entry if i have the time kasi busy ako this week.
reynz´s last blog post..A day in the life of a Citibank Call Center guy
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Siguro, malakas ang benta ng paper bag o kaya bayong sa kanila, ano? Kung ganyan kadami ang para pambili ng simpleng goods, saan kaya nilalagay yung perang kinocorrupt ng mga leaders nila? lol!
Dapat ata dun itapon yung mga nangungurakot sa atin dito e, para di sila makatanggi at mahirapang itago yung mga ninanakaw nila…
Angel Cuala´s last blog post..How I Am Saving Money during Valentines Day (but being more romantic)
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reynz Reply:
February 13th, 2009 at 2:49 pm
that’s right! hahaha! samsonite naman ang pumalit sa mga attache case hahaha
reynz´s last blog post..A day in the life of a Citibank Call Center guy
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we have one student here in the seminary from zimbabwe and you could imagine how he curses mugabe. such a sick man indeed!
*******
joke time: balentayms day ngayon. imagine if may ka-date ka tapos pupunta kayo sa posh restaurant. paano ang drama?…. BF: “honey, wait lang ha kukunin ko lang sa car boot ‘yung pambayad natin.” GF: “sure. wait lang kita dito.”… TOINKS!
*******
coin purse =back pack?
revsiopao´s last blog post..Ugoy ng Duyan
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reynz Reply:
February 14th, 2009 at 4:17 am
baliw ang mugabe na yan! wala atang pinag-aralan at ni katiting na Finance eh di alam! palpak yong policy nya na land reform hahaha
reynz´s last blog post..Happy Valentine’s y’all!
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sa indonesia, ganyan din. pero malaki din denomination ng pera mga 500,000 Rupiah…
nina´s last blog post..More Cravings…
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reynz Reply:
February 14th, 2009 at 4:16 am
pero stable nama na ang economy nang indonesia di ba?
reynz´s last blog post..Happy Valentine’s y’all!
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Silver Reply:
February 16th, 2009 at 5:08 pm
Mayaman ang Indonesia sa oil…kaso ayaw nila sa pathetic cartel ng OPEC..
I think last year e umalis na sila sa OPEC.
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reynz Reply:
February 16th, 2009 at 5:19 pm
wow! di ko alam yan ah! hahaha!
that’s good for them! eh political na masyado ang lecheng OPEC! and they use it for war! grabe sila!
but its good, kasi nag-lalabasan ang mga green and electric cars
reynz´s last blog post..Parade of Filipino Comedians
Silver Reply:
February 16th, 2009 at 5:27 pm
I dunno kung ayaw nila or what…parang nagkaissue sila about production and other chorvalais…
Kaya kung mapapansin nyo ang Spratlys islands e pilit na kinukuha ng other asian nations mula sa atin dahil sa mayaman ito sa resources, especially oil and natural gas.
Ewan ko ba sa gobyerno natin. Ang daming opportunities para maging self-sufficient ang economy natin, pilit pa ring umaasa sa foreign investors. Kaya sa totoo lang, pag nag-tratravel si Gloria e tingin ko na parang namamalimos lang siya dun sa ibang mayayamang bansa.
Kaya dapat ang spratlys na yan e bantayan dahil marami na namang kukupal-kupal na umaaligid dyan.
By the way, confirmed ngang wala na ang Indonesia sa OPEC. Naging issue daw ang production chorvalais:
From Wikipedia.com:
In May 2008, Indonesia announced that it would leave OPEC when its membership expired at the end of that year, having become a net importer of oil and being unable to meet its production quota. [12] A statement released by OPEC on 10 September 2008 confirmed Indonesia’s withdrawal, noting that it “regretfully accepted the wish of Indonesia to suspend its full Membership in the Organization and recorded its hope that the Country would be in a position to rejoin the Organization in the not too distant future.
Pero I doubt it. Mukhang may girian sa presyo ang mga hunghang na nasa OPEC.
Ganda gawin yan wallpaper…….Imagine mga bilyon bilyon na pera ang wallpaper ng bahay mo……………………Kung bibili ka ng tissue paper………………..mas makakamura ka ata kung yun pera na lang ang pampunas ng wetpu………………mahirap talaga walang valentines date………..kung ano-ano pumapasok sa utak………..
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reynz Reply:
February 14th, 2009 at 4:47 pm
hak hak hak aliw ka Ma ba O hahaha
at least sa Zimbabwe pwede mo talaga syang gawing toilet paper hahaha
reynz´s last blog post..Happy Valentine’s y’all!
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aaah bobo na , wala pang puso itong si mugabe, denedeny niya na meron cholera epidemic sa bansa nila kaya nagkakandamatay yong mga tao, hindi lang maitim balat niya pati kuko. at i do agree na katumbas din niya ang mga nasa gobyerno ng Pilipinas, pinapatay paunti unti ang mga mamamayan buti na lang marunong tayong magkomedy kundi lahat tayo nasa St Lukes, makapag-invest nga doon
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reynz Reply:
February 14th, 2009 at 11:26 pm
of all living stupid people, mugabe is probably the uber-stupid idiot who has no clue what happens with his stupid policies like taking lands away from rightful owners without payments. he killed the country’s own banks and printed monies like that will resolve the problem.
am so bloody annoyed at this evil. Zimbabwe’s economy used to be very vibrant like it was poised to be Africa’s success story. now, they’re mired in agony.
reynz´s last blog post..Happy Valentine’s y’all!
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Silver Reply:
February 16th, 2009 at 5:06 pm
Zimbabwe used to be the bread basket of Africa…As in uber yaman daw sila noon before the moronic Mugabe came to power.
And yes, dig ko ang iyong linya:
mugabe is probably the uber-stupid idiot who has no clue what happens with his stupid policies like taking lands away from rightful owners without payments.
Uuuuubbbbberrrrr…..Har!
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lechonhalohalo Reply:
February 17th, 2009 at 2:37 am
another uber person that i remember is Idi Amin, Lola na talaga ako
Silver Reply:
February 18th, 2009 at 3:32 am
Diba yung life ni Idi Amin e ginawan ng movie na ang bida e si Forrest Whittaker?? (Tama ba yung name? Paki correct…hahah)
Yun ata ang The Last King of Scotland…
ICM…di ka pa lola…hanubeh…hehhe
this is very strange but it is even stranger that a billion of Zimbabwe currency is just a dust to US dollar. i wonder what’s the poverty threshold in that place for they may be rich in figures but extremely poor literally.
you have a very good blog here mom. may i have the honor to link you? i hope i can have my blog linked in your site too. if you wouldnt mind of course.
thank you.
totomel´s last blog post..Tagging Iloilo
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reynz Reply:
February 16th, 2009 at 5:28 pm
done.
reynz´s last blog post..Parade of Filipino Comedians
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Mother Highness,
I am just wondering lang:
Sa Zimbabwe kaya natin ipatapon ang irate na citibank caller na yun?
At least, wala na syang hassle kumubra ng pera at mayaman na mayaman na siya dun kasi she have BILLIONS OF ZIMBABWEAN DOLLARS! LOL…
Hindi kaya in Zimbabwean dollars yung sinasabi niyang 13k chorva??
hahahaha!
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kengkay Reply:
February 15th, 2009 at 10:35 pm
hehehehe, baka nga zimbabwean dolyares yun ano? esep esep
kengkay´s last blog post..Gayuma
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reynz Reply:
February 16th, 2009 at 12:55 pm
hahaha di naten alam pero duda ko american dollars talaga dahil indi puputok ang butse nang ganun hahaha
reynz´s last blog post..Parade of Filipino Comedians
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I am shocked by this fact. Great to know it thru your blog. I wonder how people in Zimbabwe lives. I bet their money is definitely no value. I read in another news that some were being used in toilets as tissue to wipe their ass when they remove bowels. Good luck to people in Zimbabwe. May God bless them.
Millionaire Acts´s last blog post..Hortaleza Success Story
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reynz Reply:
February 16th, 2009 at 12:57 pm
right now ang latest na nabasa ko, 5% na lang nang population ang me mga trabaho. ang farm output bumagsak. mass migration ang ini-expect nang neighbors taz rely ang mga naiwan sa foreign remittances.
impakto kasi ang ginawa ni mugabe. sinira nya ang banking system nung kinuha nyang sapilitan ang mga lupa without remuneration kaya nawala yong mga property rights.
reynz´s last blog post..Parade of Filipino Comedians
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I also got to know about this fact recently. This is what happens if the currency of you country gets undervalued.
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reynz Reply:
March 23rd, 2009 at 11:37 am
or mag-print nang mag-print nang pera. sa case kasi nang Zimbabwe, sinira ni Mugabe ang basics nang mortgage at nang mga bangko.
reynz´s last blog post..Becoming debt-free
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Hi Reynz, I used some of your pictures here ha. I used it as an example in my article that explains what makes currency rise or fall. You have some nice images here.
Millionaire Acts´s last blog post..7 Level of Investors
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reynz Reply:
March 23rd, 2009 at 11:38 am
not a prob millionaire
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pupunta na kong zimbabwe.ngayon na.instant milyonaryo na ko agad.awoooooooo
flamindevil´s last blog post..Dear Paulo
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reynz Reply:
March 23rd, 2009 at 11:38 am
mahirap yon flamindevil, walang content yong pagiging milyonaryo hahaha
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well kahit yata mahilig ako sa bag e mukang madaling maluluma kung gagawin ko lang lalagyan ng perang kinikilo…
pero gusto ko pumunta jan. para tumulong at mapalaki ang value ng pera nila. oha!
livingstain´s last blog post..Ang Puno Ng Saging… Bow…
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reynz Reply:
March 23rd, 2009 at 11:39 am
samsonite na maleta ang magiging pitaka mo hahaha
reynz´s last blog post..Becoming debt-free
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kinikilabutan ako hahaha
lee´s last blog post..I’m Baaaaaaaack…!
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reynz Reply:
March 23rd, 2009 at 11:40 am
lee, kalimutan ko kung tiga saan ka. pag california, walang pera, aba dapat nga hahaha
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im a rich man if i will go there! ahahahaahaha
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