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Zimbabwe Has Only $217 Left in the Bank
- viseztrance 14y agoUsing the same logic, if you have one dollar you're better off than the US.
- guynamedloren 14y agoHa, I was thinking the exact same thing. If you have a penny you're better off than the US :)
- ckluis 14y agoIf you are only in debt $15 trillion you'd be better off too… dumb logic. However - the interesting thing is that his government created the problem in such a short period of time.
- deleted 14y ago[deleted]
- Shivetya 14y agoThe US simply has more depth in its economy to withstand the negative influence of her politicians. We already see the cliff without the public having much say as to how it will be corrected let alone when. Zimbabwe didn't happen overnight, their economy just didn't have the resilience of many Western ones.
- graeme 14y agoAlso, the US can print more money or ask for more money from investors. There is a limit to how far that can go, of course. Zimbabwe passed that limit long ago. So $217 left is a much more meaningful problem there.
- xqyz 14y agoYou do realize of course that the government has other assets than money, right?
- devrelm 14y agoI'd imagine this is closer to the "fiscal cliff" thing. The US Govt. may be running a deficit, but they still have billions of dollars more than I do.
- baak 14y agoZimbabwe has debt too.
- hudell 14y agoI'm poorer than Zimbabwe
- emperorcezar 14y agoThat's called a balanced budget. :)
- CapitalistCartr 14y agoAfter the land redistribution of President Robert Mugabe the economy collapsed, causing the crazy hyper-inflation that Zimbabwe is notorious for. They are struggling to recover from that disaster, and a government known for looting on a staggering scale, even for an African government. This is actually doing pretty good for them. http://en.wikipedia.org/wiki/Zimbabwe#Economy http://en.wikipedia.org/wiki/Zimbabwe#Economy
- tomwalker 14y agoIt is a shame for the people. I believe that unemployment is a crazily high number - something like 90%
- neeee 14y agoThe article says 95%.
- iwwr 14y agoHyperinflation was a separate consequence of the deliberate decision by the state to print money. Yes, the economy collapsed (from that and many other decisions) and they needed more money, but capital is scarce even with infinite money.
- CapitalistCartr 14y ago" . . . capital is scarce even with infinite money." You'd think that would be obvious to people running a country, and yet, so many countries have tried it, over and over.
- arethuza 14y agoI wonder how much money the leaders of Zimbabwe have on deposit outside of Africa?
- celticninja 14y agoI have more money in bitcoins than Zimbabwe has in USD
- SingAlong 14y agoThat was a joke by the Finance minister of Zimbabwe, according to Telegraph [1]. It seems they have 30-million dollars in the bank. [1] - http://www.telegraph.co.uk/news/worldnews/africaandindianocean/zimbabwe/9842156/Zimbabwe-would-be-shut-down-if-it-was-a-company.html http://www.telegraph.co.uk/news/worldnews/africaandindianoce...
- joeycfan 14y agoThank goodness they got rid of Apartheid!