Wednesday, July 16, 2008

Got Paper?

While scrolling through a Chicago Tribune paper yesterday, there was an interesting article about a cash crisis in Zimbabwe.

We all suffer a cash crisis at one time in our lives, but this is a whole different thing.

Fidelity Printers and Refiners, the state-owned entity that produces bank notes for Mugabe, ran into a major problem. The German company that supplies the paper was not happy with the government's choices in the recent weeks. It decided to not send them the paper as a way to protest the Mugabe regime.

Without the paper to print they cannot produce money. Inflation has caused bank notes to have denominations like 500 million dollars. Software is now going to be an issue also. The government must use the software to dream up new notes as old ones are worthless because of inflation. What is their software license is pulled because of the Mugabe regime.

Fidelity has propped the Mugabe regime by constantly printing new money. But no more. Those legs are about to fall off....

No comments: