Running out of money to pay the army that keeps you in dictatorial power is usually not a good sign, not if your name is Robert Mugabe.
What’s up?
Sanctions are starting to bite. The Zimbabwean treasury is running out of paper from Europe to print banknotes. And, with hyperinflation, they’re running out of currency.
Ironically, the paper supplier, Germany’s Giesecke & Devrient, printed worthless currency for the Weimar Republic 85 years ago.
And, if you’ll read the full story, and look at the graphic at the bottom, you’ll see the situation in Zimbabwe is indeed rapidly approaching Weimar Germany.
No comments:
Post a Comment