[–] fellowwhiteperson 0 points 93 points 93 points (+93|-0) ago
Like many countries, Zimbabwe celebrates its architecture on its currency.
[–] iforgottheotherone 1 point 11 points 12 points (+12|-1) ago
nothing new to see here, they are just reverting to their natural state. thats all
[–] InyourfaceNancyGrace 0 points 8 points 8 points (+8|-0) ago
“South Africans 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.” Nene said.
Seems like there's some expression for this line of thinking? Something about not understanding credit, debt, and money in general and drastically outspending your resources...
[–] WEHRMACHT_BITCHES_AT 0 points 7 points 7 points (+7|-0) ago
It's called "nigger thinking".
[–] InyourfaceNancyGrace 0 points 3 points 3 points (+3|-0) ago
Well I was looking for "Nigger rich," but now I'm thinking Niggernomics has a better ring to it.
[–] PeacefulAssassin 0 points 2 points 2 points (+2|-0) ago
so what keeps a couple try from just printing tons of money, not telling anyone, and slowly spreading it out to the masses so that everyone does become rich?
current currency is based off of nothing anyway.
[–] [deleted] 0 points 1 point 1 point (+1|-0) ago (edited ago)
[–] PeacefulAssassin 0 points 3 points 3 points (+3|-0) ago
I see the point you are making, the inflation would just happen naturally, even if no one knew about the extra money being inserted.
[–] YugeDick 0 points 2 points 2 points (+2|-0) ago
Supply and demand. Do they not teach basic economics in schools anymore?
Same demand with more supply means the supply has less value. More demand with less supply makes the supply harder to get and worth more. This same basic principal applies to everything including currency.
Take gasoline prices as an easy example we all see fluctuate week to week. First presume the currency stays at constant value. When the market is flush with abundant oil like when Saudi was over producing the prices go down. They over produced specifically to force the prices down to make shale oil not worth the cost of production. When there's a shortage prices go up, like when a hurricane takes out refineries in Texas or when a new conflict breaks out in an oil producing country.
Now flip that to where the availability of gasoline stays constant but the currency fluctuates. If large amounts of currency flushed the market and everyone had millions when they normally had maybe hundreds at best then prices on gas will go up because its easy to get people to pay higher prices when they have so much to spend. The real value of the gallon of gas is still the same but the sacrifice one is willing to make to get it changes... sort of. The sacrifice is the same really because the amount of real value the average consumer puts forth to earn the currency necessary to purchase the gas doesn't change, only how much currency they have for making that sacrifice in trade. This is inflation.
[–] 0110001111 0 points 2 points 2 points (+2|-0) ago
They way i remember it, currency is the opportunity cost of leisure. Seeing as nogs have all the time in the world to do fuck all, it makes sense they have worthless currency.
[–] Hellhounds 5 points 18 points 23 points (+23|-5) ago
I'd like a better source than the outlets have reported on this so far. Some people are saying it's fake news.
[–] tendiesonfloor [S] 12 points 0 points 12 points (+12|-12) ago
Then go find one and quit begging people to spoon feed you information you lazy fucking nigger. Nobody here has any fucking obligation to you.
[–] Salbuchi_2019 1 point 11 points 12 points (+12|-1) ago
No, you fucking lazy as fuck subhuman ape. If you claim something happened YOU have the obligation to prove it. So far this piece of news is fake because nobody can find a proper source.
[–] PhilaFerret 0 points 4 points 4 points (+4|-0) ago
The author writes for Your News Wire.com if you want to check out that site. I couldn't find any other sources for the story except his article.
[–] Glory_Beckons 1 point 27 points 28 points (+28|-1) ago
This is a screenshot of "YourNewsWire": http://yournewswire.com/south-africa-print-money-rich/
A garbage disinfo rag that is based in the heart of Commiefornia and run by former MTV producer Sean Adl-Tabatabai.
It runs bullshit stories designed to be on the outer fringe of believable, meant to discredit opposition.
Anyone posting this shit is a shill or a moron.
[–] tendiesonfloor [S] 0 points 3 points 3 points (+3|-0) ago
http://www.nbc.com/saturday-night-live/video/jimmy-carter-on-inflation-cold-open/3007609?snl=1
Good evening, my fellow Americans.