Check out what is going on in the Jackson Advocate's favorite country. Zero Hedge reports:
The country which over the past decade is most synonymous with "financial innovation" of the less than desirable kind, such as hyperinflation, complete currency and economic collapse and wholesale property confiscation, has just taken financial central-planning brilliance to the next level and following dictator Robert Mugabe's "reelection" has announced plans to open a new and "racially exclusive" stock exchange, allowing blacks alone to trade. And not trade just anything, but shares of recently nationalized foreign companies, most of which are South African-owned miners. Or rather were, because following the most recent nationalization round, Zimbabwe would take a 51% stake in all major foreign-owned companies valued at over $7 billion. No compensation will be paid. Rest of article
Don't let Stokes see this. It might give him some ideas.
3 comments:
I witnessed what happens to well managed oil and gas production when it gets nationalized by some country that thinks it's just an ATM machine and they deserve a bigger cut so I would not think anything radically different will happen to the precious metals extraction, decreased production and rising cost of operation. Hey that sounds eriely similar to the Hinds County BOS.
Stokes can read?
Imagine this headline: Finland Announces Racially Exclusive "White Only" Exchange
It doesn't have to be Finland. Pick any nation. Now imagine the outcry heard 'round the world. MSNBC would be filled with wringing hands. The UN would immediately pass expedited sanctions and expel the member state. Our Clown Prince President might actually leave the golf course to take to the media, declaring his outrage and an immediate cutting of diplomatic ties.
Even conservative media would be full of voices decrying the enterprise. No reputable brokerage or foreign exchange would even consider doing business there.
The world would grind to a halt until this injustice was rectified and those responsible were duly punished. You know this is exactly what would happen.
So where's the outrage? Hell, where are the news stories? Have Rachel Maddow and Bill Maher covered this yet? Has Obama condemned it from the 7th tee? Has Ban Ki-moon called a special session of the General Assembly?
Mugabe is a criminal and has destroyed what was once the bread basket of Africa. His land "reforms" amounted to seizing farms from multi-generational Zimbabwean families of European descent and handing them over to unskilled, incompetent black Zimbabweans. This destroyed the farms and the agricultural industry. Meanwhile, inflation at one point hit 90 sextillion percent (you read that right) with people carrying wheelbarrows full of billion dollar notes to the store to buy bread and other foodstuffs.
He has even referred to himself as the modern Hitler. Now he's doing something most Hitlerian, and the leftist media is silent, as is Obama.
Said silence is soft racism if I've ever seen it.
Post a Comment