Zimbabwe's economic meltdown continues

[elizabear]

The central bank issued a $100 billion note this week. Yikes. Annual inflation is estimated at 2.2 million percent by the government there, but outside observers say it's actually closer to 12.5 million percent.

I hope the pressure put on Mugabe to begin sharing power with the opposition is successful. The people of the country not in military or government positions have been subjected to extreme violence, rape, sexual slavery, and death in addition to the rampant inflation and shortage of food. It must be stopped.

Comments

[dsrtao]

I'm surprised they haven't had a violent revolution yet.

[cvirtue.livejournal.com]

Yeah. And did y'all see that the company that does the printing refused to do any more of it? I thought that was interesting as well.

[metahacker.livejournal.com]

It's much harder when the people in power have a LOT of guns and are used to acting as the brutally oppressive regime.

[its-just-me.livejournal.com]

he has many violent followers who will let him destry the country before he gives in.