Like the illusion of Wall Street, with its vast and powerful investment banks, now shuttered, China too is an illusion perpetuated by the Globalists that gave us the 15,000 mile Caesar salad, poisoned cat food and lead based paint on babies' pacifiers. Like the illusion that money would come from thin air to always push housing prices higher, China has spent a generation pursuing its illusion. Pursuing an unattainable dream to be like the West, while 6000 years of its carefully shepherded top soil blows into the sea.
Joined: Jul 12, 2006 Posts: 88 Location: Auckland, New Zealand
Posted: Sat Apr 19, 2008 6:02 pm Post subject: Zimbabwe Inflation hits 165 000 percent
The reason I am posting this news article here, is that it seems to me that Zimbabwe's current problems with inflation, supplies, production, imports, could be indicative of what the rest of the world faces due to the consequences of Peak Oil. A case study, perhaps, even though the root causes are different.
The news article is on the BBC website:
Quote:
Zimbabwe's soaring inflation hit an annual rate of almost 165,000% in February, official figures show.
Continuing shortages of food and fuel helped to push up inflation from January's rate of 100,000%.
Government officials say the shortages make it hard to work out inflation with any degree of accuracy.
About 80% of the country's population lives in poverty and it is estimated that three million people have left the country for a new life in South Africa.
In the world as a whole, as supplies of pretty much everything decline in line with oil, and as demand continues to rise due to population growth, how high will inflation get? How impoverished and chaotic will societies everywhere become?
Posted: Sat Apr 19, 2008 6:10 pm Post subject: Re: Zimbabwe Inflation hits 165 000 percent
I don't think Zimbabwe can be used as a case study. The problems with HIV infection rates undermine any sort of oil supply mitigation. The workers ceased being productive. Also, Zimbabwe was cut off abruptly, the rest of the world should face a more gradual decline.
Posted: Sat Apr 19, 2008 7:41 pm Post subject: Re: Zimbabwe Inflation hits 165 000 percent
inflation of 165000 % is nothing to do with peak oil, or commodities
The reason they have that much inflation is because the government, or the private banks, who ever is in control of the money supply is printing like theres no tomorrow. _________________
Posted: Sun Apr 20, 2008 12:22 am Post subject: Re: Zimbabwe Inflation hits 165 000 percent
GoghGoner wrote:
I don't think Zimbabwe can be used as a case study.
I think it depends what type of "case study" you want to look at! If you want to look at an example of what could go wrong with incompetent government than I think it's spot on!
But yes I agree this has little to do with oil, but it is a very good real time display of a collapsing society. Perhaps the rest of the world will collapse in a similar fashion even if the initial "cause" is totally different? Because of this I think Zimbabwe is worth looking at.
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