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ECON Helicopter Money Comes To South Africa, Zimbabwe Style (Warning- The Source Sells Cryptos And PMs)
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  1. #1
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    Helicopter Money Comes To South Africa, Zimbabwe Style (Warning- The Source Sells Cryptos And PMs)

    https://dollarvigilante.com/blog/201...rosperity.html

    Does The Stupid Ever Stop? South Africa To Copy Zimbabwe Model To ‘Prosperity’
    March 15, 2018 by Jeff Berwick 12 Comments

    Doesn’t South Africa have the internet yet? Or, even books?
    The new South African finance minister, Nhlanhla Nene, has just come out with an amazing plan to help the people! He will devalue their money into worthlessness! This always works out well.

    Nhlanhla has proposed an “ingenious” new plan to help the country's impoverished black population: print money and hand it out to people.

    The minister declared:
    South Africans are continuing to be poor when we can print more money to ensure that everybody has it. Our people are poor because there is a shortage of money in the country.
    It’s not the shortage of jobs that makes people poor, it is the shortage of money. We have paper and ink, so we will print more money and give it to the poor, and make all of them billionaires if that is possible.

    Yes, make them billionaires. There were countless trillionaires in Zimbabwe, even quadrillionaires… but it turns out that “trill-life” isn’t all it’s cracked up to be, as many were left eating bugs in torn up t-shirts.

    But let's go ahead and break down just how ridiculous the minister's plan is.

    His main fallacy: “Our people are poor because there is a shortage of money in the country.”

    No, money is just a signal, or representation of value, which leads to his second fallacy, “It's not the shortage of jobs that makes people poor, it is the shortage of money.”

    Really? How does anyone anywhere ever make money to begin with? By working a damn job!

    If instant riches was as easy as printing money, then why not make everyone on Earth a trillionaire by printing up more money? Because that’s moronic, that’s why.

    Unfortunately, the South African finance minister seems incapable of learning from his nation's neighbor. Or from any other hyperinflation in history.

    If Nhlanhla doesn’t even realize he's making the same mistakes as Zimbabwe, which is right next door and happened a few years ago, then the Republic of “Weimar” probably just sounds like “wiener” in German to him. Which he probably likes.

    But, way back in the 1920s in Germany, they proclaimed the exact same thing. “There isn’t enough money!”

    They fixed that “problem” within just a few years and German girls became prostitutes to the world in a bid to survive.
    Meanwhile, in more recent times, the situation in Zimbabwe has become so bad that the price of bitcoin recently surged there, trading at nearly double the international rate.

    The reason? Rampant hyperinflation left the country with essentially no currency, forcing the government to adopt the US dollar and South African rand.

    Border patrol in South Africa was even put on “red alert” because so many Zimbabweans were fleeing their own nation.
    Apparently, Nhlanhla or whatever his name is, never even heard about it.

    Which begs the question we always ask of central bankers… are they really THIS stupid or are they acting on purpose to destroy the country, put in stricter controls, impoverish the people and keep their place at the top of the food chain?

    It’s hard to imagine even this Nhlanhla guy could be this dumb. He’d have to be living in a bubble to not even notice what's been going on in his own country due to Zimbabwe’s hyperinflation.

    Luckily, it doesn’t really matter if they are stupid or evil… or both. They are probably both. We now have access to non-central bank currencies like bitcoin and others. And, I advise everyone in South Africa to run, not walk, to trade in what is remaining of the South African rand for precious metals and cryptos before Nhlanhla completely obliterates it.

    And, if you want more information on how to do so, make sure to check out The Dollar Vigilante’s newsletter (HERE) where our subscribers gained a 2,192% return in cryptos in 2017!
    Or, you can listen to Nhlanhla and become a South African rand “billionaire” and see how that works out for you.
    The wonder of our time isn’t how angry we are at politics and politicians; it’s how little we’ve done about it. - Fran Porretto
    -http://bastionofliberty.blogspot.com/2016/10/a-wholly-rational-hatred.html

  2. #2
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    History not only rhymes, it DOES REPEAT itself.
    "You are allowed to be disappointed but not surprised"

  3. #3
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    I spoke to my friend who works in the South African gov't about this. She said the media is getting it all wrong again. She said this president is actually liked by all the races more than the others were and that he is a billionaire capitalist much like Trump. She said that there is no law about taking land without compensation...but it was proposed into parliament for discussion. There have been a few cases of hot heads trying to land jump on private property but the authorities kicked them out.
    She does admit though that it is a very tricky situation and asked for prayer for South Africa.
    "Good is better than evil, because it's nicer."

  4. #4
    Quote Originally Posted by lisa View Post
    I spoke to my friend who works in the South African gov't about this. She said the media is getting it all wrong again. She said this president is actually liked by all the races more than the others were and that he is a billionaire capitalist much like Trump. She said that there is no law about taking land without compensation...but it was proposed into parliament for discussion. There have been a few cases of hot heads trying to land jump on private property but the authorities kicked them out.
    She does admit though that it is a very tricky situation and asked for prayer for South Africa.
    Much like Trump huh? Well, I'm sure everything will work out well then.

  5. #5
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    You know, you don’t have to put it in the thread title. Just st the top of the post body, above the content.

    Something like “Note: the author of this article sells (whatever)”


    Nothing all dramatic. Just a simple note to the members.

  6. #6
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    Did anyone actually expect South Africa to adopt a "hard money" currency?

    If so - there is a bridge waiting to be bought that has your name on it!

    Dobbin
    I hinnire propter hoc ecce ego

  7. #7
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    “Our people are poor because there is a shortage of money in the country.”

  8. #8
    OP:

    The minister declared:

    It’s not the shortage of jobs that makes people poor, it is the shortage of money. We have paper and ink, so we will print more money and give it to the poor, and make all of them billionaires if that is possible.
    It is statements like this ^^^ that gave rise to the phrase:

    "He's as sharp as a three day old n*****."

  9. #9
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    Man. GMOW.
    Resist Or Submit.
    It is too late, for words...

    ______Resistor
    ____/VVVVVV\__

  10. #10
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    Quote Originally Posted by Sam2 View Post
    Ya’know, my chickens are layin’ at least 15 eggs a day, I could become a trillionaire in two days!
    "...Cry 'Havoc' and let slip the cats of war..."
    Razor sharpening while you wait - Occam
    If it works, it doesn't have enough features. - Windows 10 design philosophy.
    Forget the beer, I'm just here for the doom!
    Humans, just a tool for amino acids to make Swiss watches.

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