Entry Submitted by Dave at 2:08 PM EDT on August 27, 2021
RGVK, you may be right. It’s quite possible that I don’t know anything about Zim bonds and that you “know much better.”
OK, I take that back a little. I do know a “tiny bit” about Zim.
First, I know that Zim is a defunct currency. It’s no longer in use as a legitimate currency. Accordingly, it’s worthless for the exchange of goods and services. But don’t take my word for it. It would only take a few minutes of actual research to confirm it.
Second, only active, live, current currencies can be revalued, not defunct currencies. Therefore, it is impossible for Zim to be exchanged. Can’t happen. What bankster in their right mind would give you money for something that’s worthless? Again, confirm that with a little research on the revaluation of currencies.
Now, I hope that you have much more to go on in your complete dismissal of my words than the image of the press release you posted. Do you? If so, I’d love to see it. Because, while you may believe this one piece of “evidence” is enough, in reality, this press release actually says absolutely nothing that supports your position.
So now, let’s address your question: Why is money being pumped into Zimbabwe?
Let’s do a little critical thinking. Why WOULD money be pumped into ANY country?
Let me take a wild guess: Because the country desperately needs it in order to function.
Let’s take a quick look at the situation in Zimbabwe.
It wasn’t too long ago that they had inflation in the BILLIONS of percent. It cost $700 million just for a loaf of bread. People had to get as many goods as possible in the morning because the inflation was so bad that the prices of goods would skyrocket during the day to where people couldn’t afford anything by the evening.
Now, they’ve been working to bring some stability and sanity to their economy. But they needed help. And the IMF helped them.
And that brings us to this question: What do you think the money will be used for? Do you really believe that the IMF “gave” them money just so they can pay you for your defunct currency?
Well, let me take a guess of how they’ll use the money: To support the social sectors, including health, education, and the vulnerable groups; productive sectors that include industry, agriculture, and mining; infrastructure investment covering roads and housing; and foreign currency reserves and contingency fund to support the domestic currency and macro-economic stability. How about that? Am I close?
And really, how far do you think $981M will go in a country that’s starving for so many of the basic fundamentals for economic stability? Do you really think they’ve recovered so quickly from the abyss that they can now take all that money they got from the IMF to pay it you?
I would suggest that you’re not even a blip on their radar. They clearly have far more important things to worry about than giving you money for your worthless, defunct currency.
But, I hope I’m wrong. I’d love for you to “get your money.”
Regardless, maybe this will give you some hope: When the war is over, the Alliance will flood the earth with great abundance and prosperity, the likes of which have never been seen before. Yes, they will move the money through the humanitarians to the people of the world, but everyone–including you–will benefit from it.
So, it really won’t matter whether you have Dinar, Dong, and/or Zim and whether you can exchange them or not; everyone will eventually “get their money” and so much more.
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