Say Anything Blog

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Here’s what happens

Zimbabwe Central Bank Raises Gold Price Sevenfold, Herald Says

By Brian Latham

March 13 (Bloomberg)—Zimbabwe’s central bank raised the gold price paid to producers sevenfold, the state-controlled Herald said, citing the Reserve Bank of Zimbabwe.

Miners will get 700 million Zimbabwe dollars a kilogram (2.2 pounds), the Harare-based newspaper said on its Web site.

The central bank has raised the price three times this year in an attempt to keep mines open. The Zimbabwe dollar trades at 40 million to the U.S dollar on the black market compared with an official rate of 30,000 Zimbabwe dollars per U.S. dollar.

It would reward the fiscally irresponsible people at the expense of he fiscally responsible people; in other words, just another govt social engineering scheme.

"One must regard his leftist opponent as a parent regards his recalcitrant child. Don’t give an inch in a debate with a leftist, and you’ll soon frustrate him to the point that he falls back to his default position. He’ll gainsay your every point. He’ll even resort to calling you names and accusing you of having suspect parentage.”

I say we pass a law making leaves valid currency on par with the dollar. 

Then we’ll all be rich.

Of course the federal reserve will be pushing to burn down the forests to deal with the inflation problem.

(idea stolen from Douglas Adams.)

What’s going to happen to US industry when the global warming extremists like John McCain double the price of electricity?  I would think all these factories will close and set up in countries where they aren’t scared of technology.

I have an old rule that I always apply to stories like this:

“Does it sound like bullsh!t?”

This certainly does. If we assume 1/3 of the population would be elegable (100 million) at even the reduced price of 100k...that would have a price tag of 10 trillion dollars. That would be more than we spent during the past several years period....so this sounds absolutely false.