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Zimbabwe - How NOT to Run an Economy
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- Published on Jan 5, 2023 veröffentlicht
- From trillion dollar bills to extreme inequality, let's look at some of Zimbabwe's failures in running an economy.
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Twitter: h0serr
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Zimbabwe might actually become a space fairing nation due to their inflation rate.
can't float on nitrogen unless you are in water.
@Nathan Seper I came here to say this and I am both not at all surprised and extremely disappointed that I was beat to it. 😂
Don't give Poland ideas
if I had the required money to buy a zimbabwean sandwich, I could just stand on the money and be in space
As an African (Nigerian) I really appreciate these videos you do on various African countries👍👍. Your coverage is objective, well researched and presented, and fun to watch. You also don't use the same excuses that most westerners and Africans give when discussing Africa's issues i.e. you don't just blame colonialism or racism for our problems but focus on geography, corruption, national unity, and economic systems. I truly appreciate that. Also, this video is a perfect comparison with your Botswana video. While Zimbabwe has more resources and better land, their terrible leadership undermined their post-colonial development while Botswana used good leadership and socioeconomic policies to improve themselves.
@Bowser301 imagine asking a question!?!?! dude you're racist!
man the US is so lost its insane, because you just know everybody that antagonised you over that has never even left north america
The geography aspect seriously needs more attention. Even with all the human elements fixed, the African geography is still harsher than Westerners will ever know until they go there.
The guy narrating the video was literally mocking Zimbabwe🤬
@bla blup WTF is 'mbit' ?
i thought internet speed was measured in mbps
anyways, something new to learn on youtube
As far as I know, Zimbabwe imported printed bank notes of their own currency from Germany (they couldn‘t print enough money on their own). By the time the money had arrived, it was already worthless. It‘s a shame seeing a country fail.
@Maza Azi yeah youre a yt american girl or "girl" in her late teens or early twenties.
but sure buddy tell us more about livin in africa. hows your copper internet cable doing?
Captain Dementia will bring us to this.
@Maza Azi A VERY specific Nambian man then goes to Zimbabwe...
@Maza Azi you SJWs are funny as fuck no 🧢 🤡🤡☕☕
Just so folks know, the $10 trillion notes he’s got is worth $30 USD. But only as a collector’s item.
When it was finally removed from circulation in 2015, the Zimbabwean government offered $1 USD for $175 Quadrillion Zimbabwean “Third” Dollars. So the $10 Trillion bill H0ser shows in the beginning was worth .00005714 US dollars at the end of its life. Or about over 1/200th of a US penny. The largest bill was the $100 Trillion bill and that was worth about 1/20th of a US penny or .0005714 US dollars.
Those $10 trillion notes on ebay are fake. They are nowhere near worth $30 maybe 10 cents...
how much is that worth in lithium?
Its sadly a common trope in Africa, that government is either educated and oppressive or uneducated and incompetent. Only a few countries managed to break this curse.
@Memento Mori lol
it's a common trope in America and Europe too
As someone from Zimbabwe I would say you did a pretty good job researching and presenting this video. Most of the Zimboz have left the country and more continue to leave. The working age is now working outside the country and clearly that spells more disaster for Zim. I pray that one day things change for the ordinary Zimboz because Zim is a very beautiful and naturally rich country but it's just not benefitting the ordinary person. God bless Zim
sanyepere vanhu sha zimbabwe yakamama translation: dont lie to the people zim is trash
He just called your country a boring land ?
@Cruz Gomes The Selous Scouts
It was when Rhodesians were running it
My girlfriend is half Rhodesian half South African (White) and I asked her grandfather (Rhodesian) how bad the crime rate is over there considering how bad it is in South Africa and he just said “Agh it’s not bad over there because there’s nothing to steal”. Which in hindsight makes sense…
Also not everyone just up and left by their own decision , her grandfather and their family lived on a farm and got told they have 24 hours to leave or they’d be “dealt with” aka murdered.
So yeah they chased away the only competent workforce they had and subsequently went from the breadbasket of Africa to starving to death.
He grandfather has old Rhodesian notes of $5 and so on which we’re equal to the USD. Next to these notes hangs the Zimbabwean trillion dollar notes…
Fuck Mugabe, I hope the Zimbabwean people one day get out of this desperate situation. It’s truly tragic what ensued there.
@Trazyn the Infinite How did he fail at fighting off abject failure? Do you even know what that means and how that is relevant here?
Saying random things to sound smart is not smart.
@Msbeastinator Half Rhodesian, considering that she lived in Rhodesia when it still existed.
rhodesian gf, based
@Benjamín Dibịa | 🪬 Many people now residing in Rhodesia migrated illegally there from other parts of Africa. South Africa has similar problems.
Printing more money to combat a bad economy is something I'd like to call an economic aneurysm
@Jon Doe inflation overtaking economic growth basically.
@Comrade Hellas What causes a currency to devaluate to the point of practical worthlessness, then? This is an earnest question.
There are several steps that Zimbabwe could have taken to avoid hyperinflation. One option would have been to implement more effective fiscal and monetary policies, such as controlling government spending and limiting the money supply. Another option would have been to adopt a more stable and widely accepted currency, rather than relying on their own inflated currency. Additionally, increasing international trade and investment could have helped to stabilize their economy. But Nooo, print more
Money and go to war with Congo. Like bruh.
they did try to adopt another currency and then decided to try zimbabwe dollars again. they failed NOT ONCE but FOUR TIMES.
currently as far as i know they are on another nations currency since i think 2009, because they cant handle their own.
Zimbabwean demonized currency codes are ZWD, ZWN, ZWL, ZWR
the bright side of Zimbabwe situation is that atleast we got to see Trillion dollar currency notes, something we would never see in our lives.....now i can die fullfilled
@Kevin Arogunmati They did eventually switch to the U.S. dollar.
As an Econ major, I can tell you that fiscal policy can’t work, this would mean an increase in taxation and government spending, but you can’t increase taxes as the people literally have no money and can’t increase government spending as that would lead to an Increase in aggregate demand hence increasing inflation even more, monetary wouldn’t work as that’s based of controlling intense test rates and credit regulations however that isn’t the problem, the root of the problem is printing money so the only reasonable option would be to return the land to the whites and encourage more investment
electrolyser technology, known as a proton exchange membrane (PEM) system. “the energy transition will be built with metals.” That is true not only for the obvious high-volume commodities such as steel, copper, and lithium, but also for lesser-known metals such as iridium.
But companies’ plans for green hydrogen projects suggest there will be a steep increase in demand over the coming decade. Meeting just the EU’s goals for green hydrogen production could by 2030 lead to demand for iridium for electrolysers that is several times current global supply.
The Biden administration has acknowledged that supplies of platinum group metals (PGMs), including iridium, were a critical issue for the development of the low-carbon hydrogen industry that was endorsed in the bipartisan infrastructure bill passed last year.
President Joe Biden last month issued a series of executive orders invoking powers under the 1950 Defense Production Act to stimulate production of clean energy technologies, including electrolysers and PGMs. The administration’s statement argued that support for PGM catalysts “will enhance national and energy security by reducing US reliance on imported fossil fuels, particularly Russia and China.”
The US energy secretary, this week announced a new partnership with Australia, intended to accelerate progress towards a net-zero emissions energy system. The two governments’ joint statement highlighted “the crucial role critical minerals and materials will play in the energy transition” and in enabling the deployment of technologies including telecommunications, Ai, space exploration, and Tesla type gravity engines !
World iridium supply is currently dominated by South Africa, as a by-product of platinum and palladium production. South Africa accounts for 87% of global iridium production, with a further 8% coming from Zimbabwe and 3% each from Russia and Canada, according to the US Geological Survey.Haitis supply which is illegally mined to keep the nation porr is not mentioned but the UN security forces currently guard irridum mines from use by Haitian nationals. South Africa also has the great bulk of the world’s PGM reserves: about 91%, followed by Russia with about 6%, Zimbabwe with about 2% and the US with about 1%, again according to the USGS. The green tech industry is aiming to grow rapidly, and a materials supply chain that is rooted almost entirely in southern Africa looks like a critical vulnerability that the west wants to exploit by starving Zimbabwe and offering them pennies so they can steal billions.
Melany Vargas, Wood Mackenzie’s head of Americas hydrogen consulting, said: “From an energy security perspective, there is certainly the potential for disruption to supplies that would be a constraint on the growth of green hydrogen production.”Meaning they are looking for ways to cause unrest and steal the resource before it can be sold. The likely increase in demand for platinum looks manageable, but iridium could be much more of a challenge. Total world iridium production this year will be about 255,000 ounces, Irridiums price on the world market is currently 45 billion per ton. Is iridium more expensive than gold? Iridium, which is also used in spark plugs, has climbed to $6,000 an ounce, according to Johnson Matthey Plc data. That makes it more than three times more expensive than gold.
We have a lot of problems in South Africa, and it's very, very common to hear people say that we're just 10 years behind Zimbabwe. But we've actually remained surprisingly strong. Zimbabwe is an absolute shitshow. I've met a number of Zimbabwean immigrants who were delighted to be farm workers in SA.
i would rather be a farm worker than starve to death or get shot in the head too
If you ask me, SA could end up a whole lot worse than Zimbabwe if that Uhuru shit keeps picking up steam. I shudder to think what that would lead to in a place like Joburg.
SA collapse can be seen in real time though.
I think SA is definitely going the wrong direction. I don't think they're too far gone but if they don't change things soon, I believe they'll be suffering the same fate as Zim.
As a person who has read multiple books on the Rhodesian Bush war all of Rhodesia's units where mixed race and fully integrated it was Mugabe and Nkomo's Forces that where committing the racially motivated attacks and crimes against Rhodesians. There are also interviews with Rhodesian bush war veterans talking about how important the Africans in there units where to mission successes the best examples are the Rhodesian S.A.S. And Everyone hates Zimbabwe because of their commitment to genocide.
huh just like the Confederate States of America
@Mobin oh, them can you show where he supported warrior culture?
@Baker Boat Rhodesia was not supported and neither really defended
Just here to confirm some numbers. My last Zimbabwe dollar paycheck before we all adopted the US$ was 3.5 trillion. It was locked in a bank account. We only had access to 200m withdrawals per day and the queues to draw were hours long sometimes. Often the bank would run out of cash before a small number of us could withdraw anything.
That 3.5t was worth about a months groceries. Within a week, it was worth a weeks worth.
As a Zimbabwean, I can disagree on the part when he said the land is BORING. Its actually fun because of not having these strange rules such as "No noise after 10pm" so you feel more free. A bit
Bro whaaatttttt???????
@Aussie Shitposter I'm sure "aussie shitposter" knows more about Zimbabwe than a Zimbabwean
@Emille Thornicroft of course. There's nothing to steal and Zimbabweans are friendly hardworking people.
That’s just called anarchy.
Better as Rhodesia.
Interesting video and it had a more comedic undertone so certain things were a bit wrong like Ndebeles don't completely dominate the country they're actually the second largest tribe, Shonas are the ones who dominate Zimbabwe, Mugabe is Shona and ZANU PF is dominated by Shonas and the 20 000 political opponents massacred were mostly Ndebele civilians.
The land being given back to black Zimbabweans was part of the Lancaster Agreements between the white & black Zimbabweans, and the British under negotiations to end the Rhodesian Bush War and to set up a proper democracy, which under Tony Blair was broken which Mugabe did use it as a political opportunity to exploit into building support for himself and his party.
Relatively speaking in the 80s and 90s Mugabe and Zanu PF did improve living standards for black Zimbabweans but it wasn't sustainable.
Things really went south in the 2000s when Mugabe didn't want to leave power, the Rhodesian bush war veterans were grabbing land, Zim forces entered into the Congo War and the hyperflation issue.
Another part not properly explained was how hyperinflation began because Mugabe had to pay War Veterans their pensions, monthly salaries and other benefits that they could not afford so they decided to print money as an easy solution.
And Southern Africa didn't really turn its back on Zimbabwe but rather was complicit in a lot of its crimes like when Mugabe didn't accept the 2008 election that he lost.
Otherwise the video was good and laughed here and there.
Agree, but one small problem. If one is do fair land reform, compensation MUST be provided; otherwise it is intimidation and coercion to force someone to give up land that they personally did not steal. It should be expected that people will try to take their land back if the government isn't honoring their end of the bargain.
🤓
-🤓(me)
Now this is a comment that should have more visibility. Thanks for sharing.
The most important economic decision is to never piss off those who can sanction you
@Caffeine addict 2020 People can get rich for different reasons. Have you never read _"War is a Racket"?_ Or _"Confessions of an Economic Hitman"?_ If someone's riches were stolen, why do we need more of that?
@Cashew Nuttel Zimbabwe is... what do you mean?
@Caffeine addict 2020 As it turns out, economic investment has to come from somewhere. This hard reality has stumped even many in West, who do not understand what either a market economy is or capitalism.
@Христијан Божиноски Mate you are on Clip-Share, you are also contributing to the Western economy (very little, just the price your country's businesses are willing to pay to show you an ad)
Have friends from Zim.
They left because the government required that all businesses suddenly had to have an African majority partner. If they didn't, a partner was assigned to the business. "He was bloody useless." Their assigned partner gave away stock to his friends and family without thought, and certainly not consulting is "partner" to do it. It got so bad that they just up and left. Rather than go back to Goa--a country they hadn't seen in 20 years--they came to the US. Eventually they got a pittance of the money by selling the land. Buy then, the country was broken.
@A Son of Liberty Actually, a lot of Chinese investors in Africa got screwed over by that same program.
Sounds like the Chinese model
I gotta say, I followed you for about six months, and you've easily been the most consistent source of mine on global politics (a big hobby of mine). Not just that, but the quality of your videos has only gotten better with time - keep up the good work!
i saw in increase in quality in the last few videos
I haven’t finished the video but I wanted to add a little fact. The 100 trillion bill is actually only worth around $0.14 cents. A few years ago they reformed the billing of their paper currency and now no longer use such large bills. After they did this, the 100 trillion dollar bill that was only worth .14 cents went up to $25 usd because it became a historical item, as a example of the largest hyper inflation in human history.
I always found that funny how it became so more valuable after it was disestablished.
Time to educate myself about economy watching a mad lad with nice commentary
@Kiribati Countryball / kyuu キリバス カントリーボール literally a npc
I see you everywhere
What's coincidental is that in my math class, we had a problem where we had to find the final compound interest amount by continuously compounding monthly using Zimbabwe's annual interest rate in 2007 which was 2200%. Hours later, I see h0ser talking about Zimbabwe's hyper-inflation.
When it was Rhodesia (until the 1970s) this country was known as the breadbasket of Africa and was known for good living standarts
Ndebele isn't the only ethnic group in Zimbabwe
@Lucas Holguin Thank you for proving Godwin's law. Have a good day.
@NormalPlayer737was hitler and the confederates vindicated?🥱
@ano nihme "Rhodesia was a racist state built on blood". Amazing, every word of what you've just said is wrong.
I was in Zim twice to vacation in the 1990s. The first vacation was one of the best I ever had. Met bunch of people backpacking from all over the world. It was cheap. For about US$ 2 you could buy a nice meal. After whites were kicked off there land things went downhill quickly. Something not mentioned in this video is that one of the reasons Zim stopped print their own money was because the Zim government run out of foreign currency to buy the ink from Germany to print their own currency. South Africa (my country of birth) is heading the same direction as Zim.
For the closing, I think there was a missed opportunity to say, "Of course they knew how to run an economy..... An economy to the ground!"
cheesy
Nah, I like the original about Zimbabwe having the most trillionares.
That's what I was expecting. But more trillionaires was toooooo tempting. 🤣🤣🤣
My thoughts exactly! “They ran it right into the ground, and just kept digging.”
i love your videos! ive only recently gotten into geopolitics from the war in ukraine. your videos are hilarious and well-researched. do you have any usual spots where you find all this information? i know I could find it if I looked hard enough......some youtube journalist channels post their references in the description and I would appreciate it if you did the same. or course you don't need to and ill still be grateful for the videos
It is depressing that Mugabe was so horrible and incompetent that people are nostalgic for the racist regime that came before him.
@Ian David Villalobos Wongwhite supremacists trying so hard🤣
@0816 M3RCsaid no intelligent person ever
@Ptolemy the firstwhite supremacists be like
Every nation was once racist, it is naive to think the Rhodesian regime was so much different from the UK or any other western nation. If anything, they were more innocent and willing to invest in the population.
Ihad a roommate a few years back that was from Zimbabwe, of English decent had a big farm that was 90% taken by the government and then when production went to almost zip the renter's left the land and asked the old owner to manage it again and work for them. They still do to this day as far as I know, all the kids left and got an education elsewhere and never want to live there again. The stories I heard of with inflation where insane!
My cousin studied in Kenya and while there met a fellow student from Zambia and they married it's pretty crazy to hear how he grew up, and how he got out of it ( He is not of European decent) is a top meteorologist in the world in America now and is always talking about how China has too much influence in Zambia. Just some interesting connections to the area.
love seeing ur videos and ive enjoyed all the videos since the first ive seen but ngl i love the channel even more since we have alot of african content coming from it, finding good interesting content about how african countries are doing is hard
My grandfather use to live in Rhodesia and once all of the political situation began to flair out of control; and the whites were being forced out, he had to leave and eventually moved to New Zealand, then Australia where he lives to this day. He told me how the situation was, it was not good and very racially divided. Thanks for making a video about it.
@kay juta No doubt it was worse. Just one long shitshow really
Good video, this really educates people about the immaturity of modern governments and dictators. It's amazing to have education about problems about the world so we don't repeat it, respect.
@hoser
The ruling ANC share the same far-left views Mugabe had. It figures when the ANC was a Soviet-founded organization.
Unfortunately South Africa seems to be getting closer and closer to enacting the same sort of fast track policies Zimbabwe did in the 2000s. Hopefully they don't but politics is ruthless
Amazing video, very well researched and really entertaining! I’m not a history guy, but I might be now!
I love 50 Cent, or as we call him in Zimbabwe, 500 billion Zimbabwean dollars
@Kuro Usagi Let's just round it down and call him 50 Quadrillion Zimbabwean Dollars
In 2015, the Zimbabwean government offered 1 USD for 175 Quadrillion “3rd issue” Zimbabwean Dollars. So 50 cent would actually be 87.5 Quadrillion Zimbabwean Dollars.
This is brilliant😂😂😂😂
KEK
Easy joke
“We’re free! The Zimbabwean government has saved us all!”
“Oh I wouldn’t say saved, more like *under new management.*”
African coups in the nutshell.
First video I've watched of you, and I LOVE IT!
I liked that instead of countries being represented by a countryball, or a flag, they are represented by their national animal.
A perfect example of being careful what you wish for.
You’re videos are not only really informative, but hilarious at the same time 😂.
Thank you, on this educative video on how to not run a economy my economy is failing and I rate it a 10 out of 10 It has a 100 percent success rate and I approve it to any aspiring anti economists
Zimbabwe used to be the bread basket of Africa while under competent government
@Baker Boat I will not be legally responsible for your copium's bill. I hope your health plan covers it.
@DsiakMondala Considering the degeneration caused by Mugabe's rule, the burden is on you to prove that any of this is cope.
Levels of copium never seem before.
@Donovan Locust better than Zimbabwe.
As a Zimbabwean i can confirm everything you said is true 🙃
Your videos are a very interesting mix of education, humor, and morbidity
We seriously need people that illustrate stories the way they are ...
The ending is wrong. Hungary in 1946 had more trillionares than Zimbabwe. The highest denomination note issued was 10^20 pengős = 100 quintillion pengős. Hungary still holds the record for the highest rate of inflation in history. When Hungary abandoned the pengő in favor of the forint (at a conversion rate of 4*10^29 pengő = 1 forint) all the money in circulation in Hungary was worth about a 1/100000 dollars.
more trillions =/= more trillionaires. so the ending is still right i think
@James Dulak The thing about hyperinflation is that it goes super fast. Fixing the underlying economic problems that cause hyperinflation or even just taking stopgap measures takes time. And when the rate of inflation is so high that prices are doubling every day, you just end up with really, really high numbers in only a matter of months or even weeks.
Jesus, it's crazy that countries let things reach points like that. How high does the number have to be before the dudes realize yo maybe adding more zeroes isn't fixing things.
Damn. As a cricketing fan, I knew how bad Robert Mugabe was to Zimbabwe cricket(players like Henry Olonga reportedly got sent death threats at him for wearing the black armbands during the 2003 world cup to protest the violence, alongside Andy Flower, forcing both of them to leave), but I didn't know how fucked Zimbabwe was overall.
A better name might actually be Zimbabwe - How to Ruin an Economy
@F Gohnson okay
@PandaScopeXL I’m not dealing with your point cause I can’t find any research to back your statement up, it’s not worth anything for me to argue with
@F Gohnson Kind of missing my point, but okay
@PandaScopeXL also, how much a nation exports is not always a good indication of how good the economy was. China kept exporting huge amounts of grain even in the great famine, and that contributed to it a lot.
@PandaScopeXL yeah, in the first half of the video he said that things were pretty good if outside trade was stable, but if there were shocks in prices and shit, everything went to hell.
This channel is THE BEST. He can make me laugh AND give me interesting, useful information about the world.
🤣🤣🤣🤣🤣🤣🤣 This might be your best. Absolutely brilliant and I always get the deep, long ROFL that I need each day. Can't thank you enough. 🤣🤣🤣
Something most folks miss is that, in spite of incredible inflation, markets automatically adjust to address this.
If you go to places that have experienced this, you'll find that the working folks just won't voluntarily work for less than it takes to live. If it costs a trillion dollars for a loaf of bread, nobody is voluntarily working for less than three trillion a day.
It does freak the shit out of people who don't understand markets though.
You can maybe make it work if you offer food and board.
Hey h0ser, really love your content
They should all get chopper rides.
Thank you for the information;
Now I know how not to run my own economy, hopefully this will help others with theirs too.
what a roller coaster of a country.. sad that if living there, you are powerless over all of this..
as a zimbabwean this made me laugh 😂
As a former African.. This was very good! Well done
As a Zimbabwean I really wanted to call bull but hey screw me you're spot on ,the most cherished resource we have is probably a statue in the city centre of a war heroine who for some reason we're disappointed didn't come with a great stash iykyk 🍑
As a South African I can say without a doubt that we are heading there as well
Nah
Nah SA is suffering from Stagflation
Zimbabwe is suffering Hyperinflation
Nd Sanctions ruining the Economy
SA could Revive with Good leadership
@Jamiru_Nahi Dwindling tax base, poor financial policies, high unemployment, 12 hours of electricity a day
y?
As a Zimbabwean my feelings were hurt 😂😂😂in a good way
Man your videos are entertaining as hell, I found you from the Australian one and now I'm watching em all. 😎
It's interesting that you only mention the Ndebele when as far as I know they are a minority nation contained in Ndebeleland, while the Shona (the heirs to the Mutapa, Great Zimbabwe empire) are by far the biggest nation
"What did Zimbabwe use for lighting before candles? Electricity". It must really suck to live there, especially if you've lived through a time where things were at least somewhat stable.
Mugabe created the best meme country. He has earned his honorary Florida Man title.
ALERT OHIO BOMB COMING FOR MUGABE
I'm from Botswana and our Chiefs knew shit was fucked up to the point where they had to travel to the UK and ask for colonization just to avoid being ruled by Cecil Rhodes so in a way Rhodesia's struggles helped revolutionize our country
And went from being poor to being less poor
I really feel sorry for the average Zimbabwean having to suffer because of the political elite
"we don't have money and everybody hates us"
"Just print more money"
"Genius"
We still feel a lot of the effects of our neighbours even here in South Africa
I have never watched so funny and yet so educational video..Keep up!
you are genius, I am politics and history junkie and I am impressed by your videos
Great video. Learnt more in 12min than 12yrs at school about Zimbabwe n yet I'm a 5hrs drive from its border
As a Zimbabwean myself I can confirm that it does indeed suck here 😔😂
So, now we know what we have to look forward to when we get our hyperinflation going (assuming that we don't have an interest-rate-hike-driven depression first). Yay!
This channel is perfect mix of comedy and geography, no comparison
h0ser: how to make learning actually fun.
I am Zimbabwean....The time of Trillions in Zimbabwe i was about 7 years old and i was already a Trillionaire, people would go to the market looking for food lets say bread and by the time you get there the money would be worthless😅. ZANU PF blames sanctions for everything but Zimbabwe had sanctions before indipendence under the rule of Ian Smith but its money was one of the powerful currencies in the world.
Ah yes, the country of my birth and where I’m doomed to remain if I don’t get a well paying job outside the country. I’m tired of being part of the more than 80% that are below the poverty line. Good video though! P.s we’re slowly going back to the old days when inflation sky rocketed to absurdity
@Cashew Nuttel nah
You should have remained under british rule, then you could have easily moved to britain!
But nooooooaaaahhhh, FREEEEEEEDOOOOOOOOMMMMMMMMMAAAAAH!!!!!
I think the whole land thing is a great example to show to Malema since he is really persistent about "bring back the land" which really won't benefit us all that much since we don't even have the finance to do anything on that supposed stolen land not even the training to take over those farms
If I was born in this country, I would try to escape and runaway as if there is no tomorrow
My parents did and that’s why I live in England 😅
I honestly enjoyed this 😂😂vary informative and unbiased
Also you got the flags wrong, Southern Rhodesia used the blue ensign starting in 1924 until 1964, when in protest of the failed Federation, changed it to a light blue. This flag would last until 1968 when the most famous Rhodesian flag: "The Green and White" became their flag. It would continue to see use into the 1970s with the Republic of Rhodesia, until it was replaced when the country renamed itself to Zimbabwe-Rhodesia with a new flag in 1979. Later that year with the infamous Lancaster House agreement, the Union Jack flew again, until the elections were held in 1980 and Zimbabwe Rhodesia became Zimbabwe. It all went downhill from there, for both the country and it's people.
These videos actually make audibly laugh, bravo 👏🏾
your employment of vine boom sound effects whenever bringing up a challenge or issue a country faces is so well done.
Currently the Zimbabwe 🇿🇼 dollar is no where near what it was during the crazy trillion dollar days.
When you win 400M Dollars but you realise its Zimbabwe Dollars.
this has made my day ! thankyou for another fantastic vids , if I wasn't poor right now I'd support any way I can but for now a like will have to do , not for long but again thankyou bro ❤️ no homo lobe these info laden vids :)
Good video. I appreciate your humor into your videos.
Alot, Majority of my family even, lived in Rhodesia from around the 1920s (from the UK) to independence... however alot were killed and the majority who were left ,left in the late 90s due to the native land reclamation...to this day only about 3 family members still live there in the town of Buluwayo
As a proud zimbo I approve off this
This is how history classes should be.
It really just shows me my roots i guess. I live in the United Kingdom. However my roots all go back to Zim all my life my family or at-least half of them has been living there. And theres something important i’ve learnt.
If you have USD, (and a-lot of it) your life in Zimbabwe will be fun.
If you have no cash in Zimbabwe it becomes hell.
Corruption is rampant all over Zim, and its sad to see what it is.
As a zimbabwean
VERY relatable :')))))
Actually the whole land situation was not an "idea" it was part of the Lancaster agreement which was made by the British , Rhodesians and the Zanu Pf Government in 1979 (1 year before independence) stating that the British government would compensate Zimbabwe for the stolen land which the Rhodesians profited from. This agreement was made during Thatchers time as PM iand part of the conditions was that the Zanu Pf government should not appropriate land for a period of 20 years which Mugabe actually honoured, however when the time came for the British to honour their side of the deal, Blair, chose to treat this agreement like "choice" , sighting corruption and economic mismanagement which is what actually led to the famous "keep your Britain , Ill keep my Zimbabwe " speach and the fast track land reform program. Many people like to make Zimbabweans look like the bad guy in this story but the truth is that the British are actually responsible for ALL the chaos that unfolded in Zimbabwe. One could argue that human rights abuses was what led to the sanctions placed on Zimbabwe in the early 2000s but those sanctions were only put in place because the victims were white farmers, while there are well documented incidences such as the Gukurahundi massacers that happened in the 80s and voter intimidation dating as far back as 1980. The British and the rest of the world didnt bat an eye then but only cared when it came to "white owned" land. So yeah sure ZImbabwe was ruined but to be fair it never had a a fair chance in the first place.
love the video, this is like a technoblade for history
I love your channel it’s interesting and funny asf I learn a lot from your videos keep it up my guy
I once bought a (clearly labelled as fake) 100 trillion dollar bill on ebay for about 10 cents and never received it.
i am a zimbabwean and i was born there, inflation was so bad we needed a bag to carry the money to buy some bread, it was terrible
@Mambo Mambo ???
Do you live in Somalia now?
How ? When the money notes had may zero's. Please dot exaggerate.
3:30-3:36 may be my favorite 6 seconds in internet history.
4:29
Never forget that as Rhodesia, it was a massive powerhouse of Africa. Only starting in the late 70’s and 80’s did it turn into a terribly poor country.
@Isaiah 53 🙏🏾 They literally went bad the second colonizers left them to their own means.
@Mr [REDACTED] 🇺🇲 That’s what happens when you colonize.
@BigDumbass Mugabe and his ZANU with Nkomo and his ZAPU happened
Hey, do you actually know where could I get a real 100 trillion bank note from Zimbabwe? I was in high school when it was released and it was one of the main reasons why I became interested in economics and eventually studied a Bachelor's in Economics lol
@Indigo Mizumi ironically, its probably more valuable if it's not authentic 😂
Ebay has some but I can't guarantee authenticity.
Hope he does more videos on Africa developing countries don’t get a lot of love when it comes to economic videos and hosers and other channels it’s always the rich ones it gets boreing
I used to be a billionaire and I lost my fortune after buying ice cream
I have a banknote from Zimbabwe , dated 2006, for the amount of ONE CENT. Okay, they had issued what our ancestors would have called a "shin plaster." However, I also have another banknote from Zimbabwe, dated 2008. The denomination?
*In his best Doctor Evil voice*: ONE HUNDRED TRILLION DOLLARS.
Ponder that for a moment. A modern, 21st Century nation, whose fiscal policy of printing money to keep supporters paid off became so severe that, in just two years, they went from a ONE CENT note being worth printing, to that $100,000,000,000,000 monstrosity being utterly worthless, even less than the cost of printing it.
Could that happen in the US? Perhaps not so quickly, but net taxpayers are now outnumbered. It would be prudent to set aside a store of physical goods, and not just food, for the hard times to come. And when they do, the riots in 2020 will look like a Sunday school picnic, compared to what our entitlement class, going on four generations of entrenched, institutionalized poverty, will do when the goodies stop coming.
Big cities will not be the place to be. ='[.]'=
I'm saving this for the next art major who asks me why we don't just print money.
“We are not gay”
I felt that.
I remember in like 2009, I had a teach from Zimbabwe who told us a story about a man taking a wheelbarrow full of cash to the bank. Two thieves run up, tipped the cash out and hit legs with the wheelbarrow hahahahaha
Is this video going to mention the "breadbasket" thing, and how some of those farms used to be exporting grain across the continent?
I don't think it did.