Zimbabwe – On the brink of collapse?

According to news coming from Harare, the capital city of Zimbabwe, the currency has fallen to new lows.  The central bank has reported that compared to the U.S. dollar, one would need 170,000-200,000 Zimbabwean dollars.  This number is up from 15,000 just in April.

This is crazy, I’ve heard where a country’s currency has fallen to like 3,000 or so, but hundreds of thousands?  How do you even begin to fix this?  There is no exportation, the people are fleeing.  Economics 101 tells us that you have to create a supply and demand environment to recover and sustain itself.  So what do you do? 

I haven’t heard any news on the ‘talks’ that are going on in South Africa between the two political parties.  But it seems to me, that whoever has the power should kick Mugabe out.  He’s 83, and obviously doesn’t care about his people.  He seems to be more concerned with plots of coups rather than helping his country out of such a devastating state.

It has been predicted that the inflation rate could reach as high as 1.5 million by the end of 2007.  All I know to do is shake my head. 

But I think if we, as American citizens could show our government that we do care, something could be done.  We have whole sections of government that deals with foreign affairs.  I feel this is one affair that should be on the top of that list.

~ by liberateafrica on June 22, 2007.