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The National Incomes and Prices Commission, the government's price control body, this month allowed sharp increases in the prices of the corn meal staple, sugar, bread and other basics in a bid to restore viable operations by producers and return the goods to empty shelves. But the new prices were still roughly half the price demanded on the black market and were unlikely to guarantee regular supplies to food stores.
That doesn't mean that Zimbabwe is a lonely case of consumer pricing run amok. The IMF paper found no less than 30 cases across 24 countries where the inflation rate surpassed 1,000% between 1980 and 2005. Inflation topped 60,000% in Nicaragua at one point during 1991. It peaked at more than 91,000% in the Democratic Republic of the Congo in 1995.
Originally posted by DwnitsDwn
We'll know i guess by the end of the year what all that education and theory is worth, I sure hope your right, but I do know that no matter how this depression we are currently in may be downplayed by terminologies, it is indeed a depression, and not even a recession anymore. Grab you a dictionary and show me how I'm wrong, and I'll grab a neighbor and show you I'm right
Originally posted by infinite
This is currently not happening
Exactly Quantum_Squirrel,this is about thining out the golbal population imagine a plot to reduce the world's population by 80% that's what they are aiming for.Total domination of the people and resources of the planet.
Originally posted by Quantum_Squirrel
ok .. when this group of elitist have destroyed the U.S.A what then ? why destroy your base of operations? if thier capitalists then they want western society surely , rather than communism or even a heavily religous government being the dominant force on the planet?.
They will strip everyone of everything..that catostrophic? so people basically beg for help and except any situation of rule?
Mr Taylor added that the problems unraveling at Bear Stearns are just the beginning: "There will be more banks and hedge funds heading for collapse."
Originally posted by infinite
My advice would be to visit your local library and loan out numerous books on economics and stop believing the scaremongering theories by some elements of the conspiracy community. I'm not being rude, but people need to be educated when it comes to economics. (I do economics as apart of my degree.)
Originally posted by eagledriver
If a depression hits, I'll dig up my backyard for a garden and buy a weapon. Better safe than sorry.