Investors travel to Zimbabwe to cash in for billions

I hadn't seen this before, which surprised me, so if it's already been posted I apologize.

https://s3.amazonaws.com/khudes/Twitter7.13.15.1.pdf

The "good" stuff starts on page 6.

Truly mind boggling.  When those articles came out a while ago about people getting a little cash for the Zimbabwe bank accounts that just poofed during the demonetization, I knew people would think that this was their big pay day.  I didn't think anyone would be quite dumb enough to actually fly to the other side of the planet to try and get their millions/billions.  These are from the middle of July, it's possible that these people are still there right now (though they'd already been there for a month at that point, so maybe they've given up by now).

Just to recap the situation for people that aren't as familiar: Zimbabwe announced that they were going to pay people out for bank accounts (I didn't see any mention of notes, but maybe that too) at a rate of 35,000 Zimbabwe dollars per 1 USD, and that anyone that had a bank account in Zimbabwe when their currency was suspended would get at least 5 USD.  I believe they said they earmarked 20 million dollars to cover the entirety of this exchange.

This of course only applies to the most recent Zimbabwe dollar, the fourth dollar.  The biggest note ever printed for the fourth dollar was $500 and when the dollar was suspended, it was worth about 2 USD.  Now (at the 35,000 to 1 rate) it's worth about 1 cent.

So these people saw this and got all excited.  Not understanding that their Zimbabwe dollars (probably 3rd dollar, likely 50 and 100 trillion dollar notes) underwent a redenomination that lopped off 12 zeros, meaning that, if they were to get any rate at all, it would be 35 quadrillion to 1, not 35 thousand to 1.  

So if they had 20x100 trillion notes (likely bought off eBay for 5-30 bucks each or so), they'd have about 2 quadrillion dollars.  At the 35,000 to 1 rate, they'd have been trying to get Zimbabwe to give them 57 BILLION dollars.  In actuality, instead of being worth 57 billion, their 20 notes would be worth about 6 cents.  Not 6 cents each.  Total.

It's also possible that they actually didn't have the third dollar, but instead had the second dollar.  The fact that they reference buying before the ten zero lop makes me think this, as the ten zero lop was between the 2nd and 3rd dollar, the lop between the 3rd and the 4th was 12 zeros.

Which of course makes things even crazier.  In order to convert between the 2nd dollar and the 4th dollar (the 4th dollar being the one worth 35,000:1), you have to drop 22 zeros.  The biggest note in the 2nd dollar was 100,000,000,000 (100 billion).  So if that's the notes they had, they were hoping to get about 2.9 million USD per note.  But a 100 billion note only has 11 zeros to drop.  When you drop 22 zeros, 100,000,000,000 becomes something like 0.00000000001 dollars.  Anyway, you get the picture.  The notes they thought were worth millions or billions were worth less than a penny, and in the case of the 2nd dollar, would be worth something like 1 quadrillionth of a penny.

I feel a little bit bad for them, but at some point people have to take responsibility for their own actions.  People like this simply shouldn't be handling their own money.  They shouldn't be doing their own investing.  But I'm sure they don't realize this.  How do you protect people like this from themselves?

Some quotes (it's kind of long to copy the whole thing):

My name is Terry-------. My husband Charles ______ traveled to Harare
Zimbabwe for the demonetization process. We are US citizens, a long term
investment in the Zimbabwean dollar was made prior to the deletion of the ten
zeros of the currency on the XE international forex. I and my husband had
reviewed the demonetization process and had phoned the RBZ several times
and confirmed exchange rates of z$35,000 to every $1 USD. The RBZ itself had
confirmed this exchange rate for the U.S. Citizens as did the IMF. We arrived
in Harare Zimbabwe on June 24th 2015 leaving our two year old son at home
with Family. We had been instructed by the RBZ to go into any local
international bank to make our exchange...  We where then escorted to the reserved bank of Zimbabwe and
where sat down by the head officials of the RBZ and told we had no rights to
our U.S. Exchange rate and ONLY continued to PUSH Zimbabwean rates at us.
We however knew this was a violation of our rights as US citizens and began
the crusade to see justice.

Apparently she thinks that Zimbabweans get the terrible rate and foreigners get paid billions?  Not unlike the gurus I've seen over the years stating that Americans will get rich off the dinar but the dinar in Iraq will be lopped.

We expressed desire to help this country through our exchange of this
investment time and time again.

Yeah, just give us 60 billion dollars, and we'll use some of it to help your country.  Thanks.  Very charitable of you.

We have
spent our life saving and have been Bullied, Stomped on Shoved around and
told we have NO rights..

I'm not a Dinar holder hoping for a RV here. I'm crusader of
God and I have had my eyes opened here to injustice on so many levels.

I have now been here for almost a month. I have been lied to about everything.
They have said this policy is a law. That must apply to everyone even if we are
not apart of the same banking infrastructure.
We have spoke with four Zimbabwean lawyers now whom have all said we
have a case of fraud then once they speak to the reserve bank of Zimbabwean
they ALL sing a different tune. Yet not a single one will pick up the phone to
speak to the U.S. Justice department to confirm the SDR rates and exchange
rates for US citizens. Not a single one makes a legal case on my behalf. They
will all meet with U.S. Hear the story agree what is happening here is VERY
wrong and fraudulent.. Give them all one day to contact the reserve and they
begin to argue that we are the "public" and that this supposid demonetization
is LAW! However there are no laws in this policy and the policy seems to be
just a way of confusing the public and making them believe they must of had
some account, which NONE actually had. Making them believe the ZIM is
going to be demonetized when it's very obviously being bought back for a
purpose and that purpose is NOT to throw it in the trash!
It dose not take a very intelligent person to see the deception behind this
policy and that there are other issues here they are desperate to avoid!
One being that demonetizing has NOTHING to do with when the notes where
printed. It means the status is no longer legal NO matter what the year of
print.
Two being that there are VERY clear exchange rate differences that have
absolutely nothing to do with if a Zimbabwean that lost money in 2008. They
only care about the year it was in print. The citizens can't question this as they
all believe and are told to believe this is the END of the ZIM dollar. When it
10
truly is just a stall tactic for the currency to slowly make its way back into
circulation.
The RBZ continues to give speculations and opinions. However I have
consulted with several lawyer on this matter and believe this is a VERY big
cover up for the money making process in which the ZIM dollars are sold to
prospective investors..

Our intrepid traveler had a petition going, but it seems to have been taken down:


https://petitions.whitehouse.gov//petition/foreign-investors-civil-rights-zwd-corrupt-government-buying-back-impoverished-citizens-sell-top-us

"The petition you are trying to access has been removed from the site under our Moderation Policy because it is in violation of our Terms of Participation"

TY for posting this. I couldn't figure out how to do it lol. This is the lady who went to Zimbabwe to petition the government, this is her twitter account  
Trista Humiston 

[ltr]@HumistonTrista This is some of her tweets [/ltr]

Trista Humiston ‏[ltr]@HumistonTrista[/ltr]  Jul 31
ALL ZIM investors PLEASE SIGN. Corrupt government buying back impoverished citizens to sell for TOP $ to US! http://wh.gov/iIIuZ  @The UN exchange rate is 35 quad to every $1 USD IF you are a European account holder! However WE are not "citizens" we are not "public" @ I have BEEN in Harare and a friend was sexually assulted by a DIPLOMAT and when we reported it to the U.S. Embassy they said Quote: Sorry That's insane going there and getting raped STUPIDITY at the highest. @@KarenHudes I've spent my life saving on this and the people DO NOT care! Currencies are a thing of the past and are only making GURUS rich! This is Hudes reply LMAO @@HumistonTrista your logic would cause another Dark Ages. Stop whining about your poor choices and pay attention. She tells her it's a scam but she don't want to believe it LMAO This RV scam is better than all the soap operas ever written LMAO

kenlej wrote:TY for posting this. I couldn't figure out how to do it lol. This is the lady who went to Zimbabwe to petition the government, this is her twitter account  
Trista Humiston 

[ltr]@HumistonTrista This is some of her tweets [/ltr]

Trista Humiston ‏
[ltr]@HumistonTrista[/ltr]
  Jul 31
ALL ZIM investors PLEASE SIGN. Corrupt government buying back impoverished citizens to sell for TOP $ to US! http://wh.gov/iIIuZ  @The UN exchange rate is 35 quad to every $1 USD IF you are a European account holder! However WE are not "citizens" we are not "public" @ I have BEEN in Harare and a friend was sexually assulted by a DIPLOMAT and when we reported it to the U.S. Embassy they said Quote: Sorry That's insane going there and getting raped STUPIDITY at the highest. @@KarenHudes I've spent my life saving on this and the people DO NOT care! Currencies are a thing of the past and are only making GURUS rich! This is Hudes reply LMAO @@HumistonTrista your logic would cause another Dark Ages. Stop whining about your poor choices and pay attention. She tells her it's a scam but she don't want to believe it LMAO This RV scam is better than all the soap operas ever written LMAO

I recognize that name from #watp, but didn't realize that she was one of the Zimbabwe trekkers.

It seems like she's complaining that the government is buying it back from Zimbabwe citizens for 40 cents, and then selling it on Amazon and eBay for 20 bucks or more? She thinks since she isn't a Zim "citizen" or the "public" that she should get millions, but Zim citizens get 40 cents? Yet she claims she wants to help Zimbabwe citizens?

Seriously loony tunes.

Wow, her Twitter account is the gift that keeps on giving. Seems she was trying to get other people to fly to Zimbabwe so they could show strength in numbers and get the billions they're owed?

She even posts a deposit slip showing she has 3.7 quadrillion (she calls it quad trillion, lol).

She also says she invested prior to the lopping of 10 zeros, yet has 100 trillion dollar notes, which weren't printed until long after the lopping of 10 zeros. She's really just batshit crazy and extremely confused.

Went back far enough in her twitter pics to confirm what she expected to get for her quadrillions. She accidentally put 25 quadrillion into her XE currency calculator, but if you don't correct for that error, she was expecting to be paid a little over 69 trillion dollars. I.e. more money than exists on the entire planet. For a grand or so worth of nonsense she bought off eBay.

FS4Enthusiast wrote:Went back far enough in her twitter pics to confirm what she expected to get for her quadrillions.  She accidentally put 25 quadrillion into her XE currency calculator, but if you don't correct for that error, she was expecting to be paid a little over 69 trillion dollars.  I.e. more money than exists on the entire planet.  For a grand or so worth of nonsense she bought off eBay.  

THANKS FOR THE INFO The Zimbabweans must of had a lot of laughs from her LMAO. To bad her friend got raped https://twitter.com/HumistonTrista/status/616601275157884928 but I can only imagine what situation she put her in like meeting a so-called diplomat in an alley to give them their trillions of USD Insanity at its worst

:okjh:

Kevind53 wrote:

Wow! Entertainment at it's finest! That gal gives a whole new meaning to the word stupid!

The scary part is she's not alone, there are others out there!

**BUMP**

Oh well!  At least they got to see the sites of the lovely African nation of Zimbabwe.  

It's nicer on the other side of the tracks. More upscale as you can tell.