Zimbabwe's economy in a mess as inflation rate reach 2.2 million percent

>> 17 July 2008


Already it's the highest inflation rate in the world, but today the Reserve Bank of Zimbabwe governor, Mr Gideon Gono has announced that the annual inflation rate has hit a record level of 2.2 million percent. Gono announced during the opening ceremony of a goods warehouse in Harare.

Isn't it clear for everyone to see that Mr Gono has failed? Together with the Robert Mugabe that he helps to keep in office, they have all failed and something should be done to rid the country of this regime.

One thing Zimbabwe needs right now is a complete overhaul of all systems and to remove all these people responsible for messing up and destroying the once vibrant economy.

They will not admit it, but Mugabe and his fellow cabinet ministers have failed the country. Ever since that day Mugabe authorised those not budgeted payouts to those thugs and misguided elements who masquerade as war veterans, the country has never recovered.

The violent and chaotic land re-distribution that led to the distraction of the country's' agricultural base did not help the economy either.

Then there was the DRC war, did the country benefit from all the resources that was put in that misadventure? In fact sons and daughters of Zimbabwe were lost in a war which benefited those who were looting the resources of Congo.
Where did Mugabe get the funds to finance that war, at a time the country was experiencing serious economic problems?

Is it that he used funds from the IMF/World Bank, which were meant to support the economy?

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