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Is Blaino really this stupid, or is it an act?
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Ssmith
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Is Blaino really this stupid, or is it an act?
I WANTED THIS OUT EARLIER AND WAITED ON SOME NEWS THAT WOULD CLARIFY THE SITUATION A LITTLE MORE. NO JOY ON THAT SO FAR.
I HAVE SPOKEN WITH T-MONEY, MONEYBOX SOURCES, CONTACTS, BOA, CHASE, WELLS FARGO, TRAVELEX, DEWEY, AND A FORMER RENO CONTACT WHO WAS THERE FOR SEVERAL MONTHS TO NAME A FEW....
THE RATE HAS BEEN SHOWING SINCE LAST EVENING....
THERE IS SOME UNCONFIRMED NEWS THAT THE COUNTRY OF ZIMBABWE HAS CREATED A NEW CURRENCY....
AND WILL COMMENCE ISSUING IT SOON....
WE OUGHT TO HAVE EXCHANGE OPTIONS IN THAT EVENT, STANDBY ON THAT.
I CALLED THE TREASURY TODAY (CIRCULAR) AND LEARNED THAT ONE CANNOT LEARN MUCH ABOUT THIS.... THERE!
T-MONEY IS DEVELOPING OPTIONS FOR EXCHANGE ASSUMING THE CURRENCY WE HOLD WILL EXCHANGE.... STANDBY FOR MORE ON THAT TOMORROW.
THE RATE REMAINS AT THIS MOMENT, .00276319 ON SOME AND .00310217 ON OTHERS (BLOOMBERG)....
WE APPEAR TO HAVE CONFIRMATION (?) THAT THEY LOPPED 6 ZEROS..... SO.... IF ACCURATE DOESN'T THAT CONFLICT WITH THE IDEA OF "NEW CURRENCY" OR ARE THEY PLANNING TO HONOR THE EXISTING STUFF AT A RATE AS THEY ISSUE NEW STUFF WITH MORE REAL WORLD VALUES?
YOUR GUESS IS AS ......
Ought to have exchange options on the "currency you hold"? The currency you hold ISN'T EVEN A CURRENCY. It's just paper. Zimbabwe may indeed someday issue a new currency, but saying there may be exchange options for the old notes is the same as saying there may be exchange options for a piece of notebook paper, or toilet paper, or gum wrappers.
How can people believe this crap? How could a mess like Zimbabwe, that has a GDP per capita of NINE HUNDRED DOLLARS, afford to pay out 300 THOUSAND dollars for a piece of paper that isn't even legal tender anywhere in the world and hasn't been for years?
Last edited by FS4Enthusiast on Thu Oct 02, 2014 10:23 am; edited 1 time in total
FS4Enthusiast- VIP Member
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Re: Is Blaino really this stupid, or is it an act?
My answer is YES.....and that was before I even read the article.
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Ssmith- GURU HUNTER
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Re: Is Blaino really this stupid, or is it an act?
Someone flush the toilet please
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HezekiaH- VIP Member
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Re: Is Blaino really this stupid, or is it an act?
The answer, to coin PT Barnum, "There's a sucker born every minute." Not only that, but apparently the IMF just turned them down for any new loans. https://www.dinardaily.net/t36855-mf-rules-out-further-loans-to-zimbabwe so now some fools try to convince me that they are taking a currency that has not been legal tender in over five years from a county that can't even get an IMF loan, is going to come back, let alone show a huge increase in value? I may have been born at night, but it wasn't last night.
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Kevind53- Super Moderator
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Re: Is Blaino really this stupid, or is it an act?
blaino paino is a bullsh*tter
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dinarstar- VIP Member
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Re: Is Blaino really this stupid, or is it an act?
over the years he has been fos so this is nothing new
Jayzze- VIP Member
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Re: Is Blaino really this stupid, or is it an act?
From another article on the situation in Zimbabwe ... I won't bring the whole article over as most of it is not really germaine, but here are the last 2 paragraphs:
Also see this article: https://www.dinardaily.net/t36909-imf-cannot-lend-zimbabwe-any-more-money#222011
http://nehandaradio.com/2014/10/02/much-to-be-done-to-arrest-decline-in-zimbabwe/ wrote:
Zimbabwe is an insolvent and failing state, its politics zero-sum, its institutions hollowing out and its once vibrant economy moribund. A major culture change is needed among political elites, as well as a commitment to national over partisan and personal interests.
The international community, East and West, must explore common ground to nurture a climate for economic recovery and policy coherence. The government must show it is a reliable partner. The situation is not sustainable and the toxic residue of Zimbabwe’s decay permeates the region, further stymieing integration and development.
• Piers Pigou is the Southern Africa project director for the International Crisis Group.
Also see this article: https://www.dinardaily.net/t36909-imf-cannot-lend-zimbabwe-any-more-money#222011
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Trust but Verify --- R Reagan
"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18
Kevind53- Super Moderator
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Re: Is Blaino really this stupid, or is it an act?
So Draino I see you are once again WRONG!
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Trust but Verify --- R Reagan
"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18
Kevind53- Super Moderator
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