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What's up with Zimbabwe's currency reset?

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What's up with Zimbabwe's currency reset?

Post  Purpleskyz on Wed Nov 30, 2016 8:51 am


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Re: What's up with Zimbabwe's currency reset?

Post  Mission1st on Wed Nov 30, 2016 9:28 am

President Mugabe of Zimbabwe is a stone cold idiot. Not sure what this woman is spouting, but its BS.
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Re: What's up with Zimbabwe's currency reset?

Post  Purpleskyz on Wed Nov 30, 2016 10:28 am

she says this paper is bonds also. so what does this mean?

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Re: What's up with Zimbabwe's currency reset?

Post  Red Panda on Wed Nov 30, 2016 12:04 pm

@Purpleskyz wrote:she says this paper is bonds also. so what does this mean?

Landa have talked about this on their calls.  It means the note can act as currency or as a historical bond, you know the ones worth billions/trillions of $$$.  Not sure who considers them worth that much, but that is their story.  Well, it is the "End Redeemer", but who is that and why are they so reluctant to pay out the billions and trillions?  Oh yeah, the banking system is not safe.  Wait, Dave Schmidt says it is safe now. 

Landa, Dave and all the others should have their billions and trillions soon . . .
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Re: What's up with Zimbabwe's currency reset?

Post  Harold4187 on Wed Nov 30, 2016 1:08 pm

If this comes in 1 to 1 i will pay off the us national dept. There is no zim its junk monopoly money

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Re: What's up with Zimbabwe's currency reset?

Post  Kevind53 on Wed Nov 30, 2016 1:30 pm

Zimbabwe is releasing bonds valued at 1:1 with the USD. They are supposedly holding enough USD to back them ... we will see. Whether they will be accepted or maintain that valuation remains to be seen. They are attempting to get around the shortage of physical currency of any sort in country. My guess is that since they have not changed leadership or fiscal policies to any real degree, and still have minimal exports, it won't last long.

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Re: What's up with Zimbabwe's currency reset?

Post  Mission1st on Wed Nov 30, 2016 1:48 pm

People should get on their knees and offer prayers and praise if it ever got to .01 cent on the dollar.
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Re: What's up with Zimbabwe's currency reset?

Post  Harold4187 on Wed Nov 30, 2016 1:49 pm

I agree i would take a half cent. Would give me 15 mil

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Re: What's up with Zimbabwe's currency reset?

Post  Kevind53 on Thu Dec 01, 2016 12:46 am

It will never get to anything. The bond issue is something completely different. They are issuing bonds as a substitute for currency in $2 and $5 dollar donations denominated in USD, and supposedly backed with physical currency.

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