Wednesday, August 1, 2007

Zimbabwe hurtling down towards total economic collapse

Phew! Its a wonder that people are still living in Zimbabwe. Official inflation rate is 4500% and there is 80% unemployment. The stores are empty and people just cannot afford even the minimum healthcare.There is a tsunami of refugees entering South Africa from here. The latest news from the economically beleaguered country is the minting of the new 200,000 Zim dollar which can buy only one kilogram of sugar!
Meanwhile, President Mugabe is still sitting unperturbed with his highfalutin claims that other countries (who are only trying to help) are intefering in his country's affairs.


Anonymous said...

What happened to all the natural resources of the country?....thats also squandered perhaps.

Eternalsoul said...

Yes Bob,no doubt about that with Mugabe at the helm. He must have amassed a fortune bleeding the masses.