Articles related to Zimbabwe
 
Chris Powell - GATA
Gold-rich Zimbabwe can't even cadge a beer anymore
By John Bowker Bloomberg News Thursday, January 3, 2019 Delta Corp Ltd., part owned by Anheuser-Busch InBev SA/NV, told Zimbabwean customers it will accept only hard currency for its beverages as local businesses struggle to cope with foreign-exchange shortages. The maker of Castle Lager, Chibuku sorghum beer, and a range of soft drinks hasn't been able to pay some international suppliers for "extended periods," choking off access to further credit, the Harare-based company told retailers and wh
Thursday, January 3, 2019
Antal E. Fekete - Gold University
The Supply of Oxen at the IMF
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Saturday, October 6, 2018
Jeff Clark - Casey Research
  Does Gold Keep up in Hyperinflation  
Inflation is anatural consequence of loose government monetary policy. If those policies get too loose, hyperinflation can occur. As gold investors,we'd like to know if the precious metals would keep pace in this extreme scenario. Hyperinflation is an extremely rapid period of inflation, but when does inflation (which can be manageable) cross the line and become out-of-control hyperinflation? PhilipCagan, one of the very first researchers of this phenomenon, defines hyperinflation as "an inflation rate of 50% or more in a single month, "something largely inconceivable to the average investor.
Sunday, September 2, 2018
Antal E. Fekete - Gold University
The Gold basis is Dead - Long Live the Gold Basis!
To the government, the gold basis is like the naughty child who blurts out unpleasant truths. He must be gagged and silenced at all hazards. Fool's gold basis is even more important than fool's gold in terms of the number of people victimized.
Friday, August 31, 2018
Graham Summer - Gains Pains & Capital
Eat Gold
Submitted by BullionStar.com A popular phrase in segments of the mainstream financial media is that “You Can’t Eat Gold”. We don’t know who first uttered this comment, but it was more than likely a talking-head or Wall Street analyst on CNBC or Bloomberg. The disparaging claim seems to be based on concluding that in a financial or monetary crisis, if you own gold, that “You Can’t Eat It”. And so, according to the logic of whoever came up with the phrase, this would make gold useless during a fin
Monday, August 13, 2018
FoFOA
All Paper is STILL a short position on gold 
The gold derivatives pyramid is a vigorous free market creature. It cannot be put down with a simple declaration that the paper is no longer redeemable in gold, as governments did with currency. It is a short selling scheme that has become a trap from which few short sellers will escape
Wednesday, April 25, 2018
Mike Hewitt - Dollar Daze
  Hyperinflation around the Globe 
Angola (1991-1999) Angola went through the worst inflation from 1991 to 1995. In early 1991, the highest denomination was 50,000 kwanzas. By 1994, it was 500,000 kwanzas. In the 1995 currency reform, 1 kwanza reajustado was exchanged for 1,000 kwanzas. The highest denomination in 1995 was 5,000,000 kwanzas reajustados. In the 1999 currency reform, 1 new kwanza was exchanged for 1,000,000 kwanzas reajustados. The overall impact of hyperinflation: 1 new kwanza = 1,000,000,000 pre-1991 kwanzas.
Monday, April 23, 2018
Andy Hoffman - Miles Franklin
Debt and Delusions – Part 2
This article was written for Miles Franklin by Gary Christenson. Part one is available here. The problem with debt is the creditor expects to be repaid. Sovereign debt will be “rolled over,” never extinguished, and repaid with new debt. We delude ourselves and pretend total debt will increase forever (it can’t). That explains global debt exceeding $230 trillion today and official U.S. government debt approaching $21 trillion, with unfunded liabilities adding another $100 – $200 trillion. There a
Saturday, March 10, 2018
Keith Weiner - Monetary Metals
Inflation Is Not Under Control
Let’s continue on our topic of capital consumption. It’s an important area of study, as our system of central bank socialism imposes many incentives to consume and destroy capital. As capital is the leverage that increases the productivity of human effort, it is vital that we understand what’s happening. We do not work harder today, than they worked 200 years ago, or in the ancient world. Yet we produce so much more, that obesity is a disease more of the poor than the rich. Destruction of capita
Monday, March 5, 2018
David Galland - Casey Research
Three Levels of Survival Skills 
The situations in which survival skills become desirable or even necessary cover a wide range of possibilities. For example, if you are in what is euphemistically referred to as the "Golden Years," and your own government decides to manipulate interest rates to the point that the fixed income you rely on to survive falls into negative territory, survival skills will quickly come in handy, but survival skills of a different sort than, say, those required to stay afloat in a failed economy such as Zimbabwe. On that front, we'll hear from a Zimbabwean a bit further on.
Sunday, February 25, 2018
Michael Ballanger
Stock Market Volatility Attributed to 'Shenanigans'
Back in January, I discussed the likelihood that global equity markets were approaching simultaneous tipping points beyond which legions upon legions of GenX-ers and Millennials would be thrown to the wolves by failing to recognize the financial mania engulfing them. I alluded to it being "Time for the Beast to Exhale," and within a few days, my volatility trade (UVXY) exploded to the upside as the "beast," better known as the global stock market ascent, finally exhaled and fell 3,300 Dow Jones
Friday, February 23, 2018
George F. Smith - Barbarous Relic
  Better than the alternative 
As people age we sometimes hear them say it beats the alternative, which is usually left unsaid.It’s an old joke technology aims to eliminate by treating aging as a disease and curing it. But there’s another sense in which the alternative is assumed to be far worse than the present condition.  I’m referring to the type of government almost all people live under, which is the nation state.  As bad as states might be — we’ve all been taught — it certainly beats the alternative, anarchy.   R
Wednesday, February 14, 2018
Mark O'Byrne - gold.ie
Greatest Stock Bubble In History GoldNomics Podcast Transcript
Dave: Welcome to episode two of the Goldnomics podcast where we look at the developments in financial markets through the lens of precious metals. Before we start today, I just want to remind all our listeners to subscribe to the Goldnomics podcast on iTunes YouTube or SoundCloud. And you can also stay up to date with all of the developments in precious metals markets by subscribing for our market updates at www.goldcore.com. And you can find a link in the show notes accompanying this podcast.
Monday, January 29, 2018
Mickey Fulp - Mercenary Geologist
  The 48-Year Record of Pt:Pd Ratios
A Monday Morning Musing from Mickey the Mercenary GeologistContact@MercenaryGeologist.comJanuary 15, 2018Price ratios determine relative value of the precious metals and are useful parameters in deciding which metal to buy at any given time.In previous musings, I documented the history of gold and silver prices and gold-silver ratios from the United States’ abandonment of the gold standard in August 1971 to present (Mercenary Musing, May 9, 2016) and followed with a similar treatment for platinu
Thursday, January 18, 2018
Gary Christenson - Sprott Money
A Return to Financial Sanity Gary Christenson (03/01/2018)
Financial sanity and stability may not return, but we can protect our assets and learn from the discussion. The DOW, S&P500, NASDAQ and other markets sell at all-time highs. However, many imbalances exist within our financial world. This is not new – things have been crazy before, are now, and will be again. But to regain financial sanity we need: From “Doug Casey on the New Fed Chair ” “In an ideal world there would be some radical changes. The best thing for the US in the (famous) l
Wednesday, January 3, 2018
Mish - Global Economic Analysis
Progressive Nonsense of the Month: "Guaranteed Jobs"
Should people have a guaranteed basic income? How about a guaranteed job?"Down With Tyranny" (DWT) asks What Sounds Better To You-- Guaranteed Basic Income Or Federal Job Guarantee? That's a lot like asking: Would you rather lose your left leg or right arm to cancer? Striving for "Full Employment" DWT claims defines full employment as "everyone seeking a job gets one." "Federal jobs could provide socially useful goods and services," says the socialist website. The claim is debatable. Someo
Tuesday, January 2, 2018
George F. Smith - Barbarous Relic
The dangerous dream of secession 
A fundamental requirement for lasting peace and prosperity is to reject government by coercive monopolies such as we have had for all of human history.How anyone can expect a government invested with a monopoly on violence to restrain itself from bullying people whenever it can get away with it is difficult to understand.Most people apparently refuse to explore alternatives to statism and hope their particular government doesn’t go the way of Zimbabwe or Venezuela — or Nazi Germany or Soviet Rus
Sunday, December 17, 2017
Michael Ballanger
  Cryptojunkies: Beware the Ides of December
It was two years ago this week that I proclaimed that we were witnessing the final lows in the 2011–2015 bear market in the precious metals as gold traded down to $1,045 amidst total capitulation by the Large Specs and after massive short-covering by the Commercial traders. The weekly COT for that week showed an aggregate short position of a miniscule 2,911 contracts down from the earlier highs of over 300,000 contracts. About six weeks later, despite the earlier bottom in gold, the HUI (NYSE Ar
Tuesday, December 12, 2017
Alasdair Macleod - Finance and Eco.
Inflation v Deflation – State Finances
There is a general belief, and that is all it is, that state finances fare better in an inflationary environment than a deflationary one. This perception arises from the transfer of wealth from lenders to the state through a devaluation of the currency, which occurs with monetary inflation, compared with the transfer of wealth from the state to its creditors through deflation. The effect is undoubtedly true, even though it is played down by governments, but it ignores what happens to continuing
Friday, December 8, 2017
Andy Hoffman - Miles Franklin
The Chances Are Exactly Zero
Financial sanity and stability may not return, but we can protect our assets and learn from the discussion. The DOW, S&P500, NASDAQ and other markets sell at all-time highs. However, we know many imbalances exist within our financial world. This is not new – things have been crazy before, are now, and will be again. But to regain financial sanity we need: From “Doug Casey on the New Fed Chair” “In an ideal world there would be some radical changes. The best thing for the US in the (famous) long
Monday, December 4, 2017
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