"Zim and Giant Ponzi Scheme" by Signify - 3/3/19
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"Zim and Giant Ponzi Scheme" by Signify - 3/3/19
by Ssmith Mon Mar 04, 2019 11:52 am
Greetings, all. This is an interesting and in certain ways informative read.
How a Giant Ponzi Scheme Destroyed Zimbabwe's Economy
But it says nothing about the big 2008 bond printing most Zimlandians hold. Curious omission.
Also, re: the claim here that 1:1 to the US Dollar is over: that is applied in this article to the new currency. Do we think:
1) That the info here implies the same ratio is dead for the 2008 & other earlier bonds?
2) That the Zimland opinionating about 1:1 in the redemption of 2008 bonds may come from this existing, known value peg in the Zimbabwe economy, and thus is merely a handy thought-peg for speculating what might actually happen at exchange/redemption appointments?
Of course, everything we hear is speculation, especially about rates. I'm generally focused on vibrational and project development, not what the gurus say. But any thoughts, especially from peeps who follow global economics and the ForEx in detail? (Opinions re: the MSM would be gratuitous--not adding value to this discussion. Those biases already duly noted.)
Blessings to all,
Siggy Stardust, a.k.a. Signify
How a Giant Ponzi Scheme Destroyed Zimbabwe's Economy
But it says nothing about the big 2008 bond printing most Zimlandians hold. Curious omission.
Also, re: the claim here that 1:1 to the US Dollar is over: that is applied in this article to the new currency. Do we think:
1) That the info here implies the same ratio is dead for the 2008 & other earlier bonds?
2) That the Zimland opinionating about 1:1 in the redemption of 2008 bonds may come from this existing, known value peg in the Zimbabwe economy, and thus is merely a handy thought-peg for speculating what might actually happen at exchange/redemption appointments?
Of course, everything we hear is speculation, especially about rates. I'm generally focused on vibrational and project development, not what the gurus say. But any thoughts, especially from peeps who follow global economics and the ForEx in detail? (Opinions re: the MSM would be gratuitous--not adding value to this discussion. Those biases already duly noted.)
Blessings to all,
Siggy Stardust, a.k.a. Signify
Ssmith- GURU HUNTER
- Posts : 20038
Join date : 2012-04-10 
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