All Quiet on the Zimbabwe Front

In bad news for smugglers of toilet paper and toothpaste, it appears that Robert Mugabe will be losing the first round of voting no matter what. Conflicting reports have the opposition winning outright or drawing Mugabe into a runoff with the opposition winning 49%. How this race could be close is not fathomable to one who remember reading years ago how a sheet of toilet paper cost $417 while inflation in Zimbabwe was only around 1000%.

zimbabwe's election

Well people have voted in Zimbabwe and the results are suddenly delayed. This election is between a guy who has led Africa's most productive nation into a basketcase of 100,000% inflation and black markets for basic goods and one of his main opponents and a rising party insider. Either way the fact that mass protests broke out across the country is a positive sign that the ruling party is hopefully on the way out, or at the least Mugabe will be gone. Stay tuned for more updates.

First Zimbabwe Post

On Friday the Zimbabwe teachers ended a strike after a 745% raise. They are now paid 3.4 BILLION Zimbabwean dollars a year, which amounts to over a hundred dollars US annually on the black market exchange rate. Periodically more stories about the hyperinflation brought about by printing money to cover debts will appear, to illustrate the final product of unsound fiscal and monetary policy.