[PDI] Theft of Zimbabwe and the Wiemar Republic - and the USA parallel

A true story of financial terrorism:

Fact: Interest Rates in Zimbabwe were 800% in 2007
<http://www.telegraph.co.uk/news/worldnews/1564924/Zimbabwe-interest-rates-up-to-800pc.html>
Fact: The Overnight Rate Charged By Zimbabwe's Reserve Bank is 10,000%
<http://www.rbz.co.zw/>
Fact: The 91 Day T-Bill is at an interest rate of 66.33%
<http://www.rbz.co.zw/>
Fact: Their Government has to hike taxes to pay the T-Bill rate at its
maturity
<http://www.doingbusiness.org/ExploreTopics/PayingTaxes/Details.aspx?economyid=208>.
Taxes up to 79%!
Fact: Unemployment in Zimbabwe is at 85%
<http://zim2day.com/index.php?option=com_content&task=view&id=1537&Itemid=77>

Question: If you're a shopkeeper and you have a loan at an interest rate
of 800% and your taxes are nearly 64% (plus a 15% "value added tax" for
a total of 79% of your income do you think that you will have to raise
your prices to stay in business?

Question: Why is this happening. Is someone manipulating their interest
rates, causing economic chaos because they want Zimbabwe's gold,
platinum and diamonds?
Consider:
The Reserve Bank of Zimbabwe is refusing to pay for gold deliveries.

Most of the gold mines have collapsed.

Investment banks are buying up the mines at pennies on the dollar.
.
This did not happen to Zimbabwe because they did not have enough gold.
This did not happen to Zimbabwe because they did not have enough natural
resources.
This did not happen to Zimbabwe because the government spent too little.
This did not happen to Zimbabwe because they had too much paper money.
This happened because they had too much debt and the unpayable interest
is destroying them.

Say, aren't the people dependent on bank loans for a medium of exchange
and don't the banks set the interest rates on their loaned money?

Question: When the banks hike the interest rates to manipulate the money
supply to the point that only 15% of the people can work, the medium of
exchange is destroyed and the banks end up with the gold, is that
financial terrorism?

Now for The Weimar Republic:

Between January and November 1923 the interest rate in Weimar Germany
jumped from 19% to 900%.

**Do you think people have to raise their prices to pay their debts when
interest rates are climbing that fast?

It wasn't that the government was "printing" too much money - it was
that the interest on the debt was crushing people and businesses.

They found it necessary to raise their prices daily, sometimes hourly,
in order to afford to pay the loans that they had.

Question: Why is it that everyone seems to know the same story about a
wheelbarrow full of money to buy a loaf of bread, but not 1 in a 10,000
knows how money is created and the effects of borrowing at interest?

More on Zimbabwe:
http://moneyaswealth.blogspot.com/2009/01/hyperinflation-zimbabwe-myth-and.html
More on the troubling similarities of the Weimar Republic to the USA:
http://www.nowandfutures.com/us_weimar.html

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