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electric-amish | 07-06-2007 08:36 AM
zimbabwe outlaws buying in bulk Things are getting out of hand pretty fast. Zim has out lawed buying in bulk because of a run on commodities.Black Market dollar stores here we come.E-A By MacDonald Dzirutwe Zimbabwe authorities ordered businesses on Thursday to stop selling basic goods in bulk to avert shortages after an official price freeze triggered a frenzied buying spree that has emptied most shop shelves.President Robert Mugabe's government last week ordered businesses to roll back prices to June 18 levels after wild increases of up to 300 percent within a week following the plunge of the local currency on a thriving black market.Spiralling prices have pushed inflation above 4 500 percent, the highest in the world, underscoring an eight-year economic recession that has ravaged urban workers the most and sparked foreign currency, fuel and food shortages."Wholesalers and retailers should desist from allowing bulk buying of basic commodities," Obert Mpofu, the Minister of Industry and International Trade, told the official Herald newspaper on Thursday.Mugabe denies charges he has presided over the country's worst economic crisis since independence from Britain in 1980 and instead says the West has sabotaged the economy to punish him for seizing white-owned commercial farms for blacks.Over the past week shoppers have been buying sugar, cooking oil, flour, salt and maize-meal in bulk, leaving shelves empty while manufacturers have stopped producing. They say the price freeze is not viable given the price of other goods and raw materials continue to skyrocket.Police had to be called in at a supermarket in central Harare early on Thursday to control a huge crowd that had jammed the shop after word quickly got round that sugar was available."We heard there is sugar here that is why there is all this commotion," Rosemary Marawa said as she tussled in a long queue which also included uniformed police and soldiers.Some people have formed teams to trawl shops in the capital and buy whatever basic goods they can in bulk.Mugabe has accused businesses of being drafted in a conspiracy by his Western foes to topple him from power by increasing prices without justification. He warned his government could seize and nationalise the companies.More than 200 business people - including a ruling party senator - have been arrested for defying the price freeze, which economic analysts say will only entrench the black market.Police also said they had unearthed huge quantities of sugar, soap and cooking oil - all in short supply - at a site in Harare and suspect the goods were being hoarded to create artificial shortages in the market."The public is urged not to be involved in panic buying of commodities whose prices have been reduced as sustainable continuous supplies will be provided," Information Minister Sikhanyiso Ndlovu told the Herald.

Tn...Andy | 07-06-2007 09:55 AM
Re: zimbabwe outlaws buying in bulk Likely a pre-view of attractions coming to a local government near you.

<SLV> | 07-06-2007 10:47 AM
Re: zimbabwe outlaws buying in bulk Quote:
Originally Posted by electric-amish (Post 655480) Things are getting out of hand pretty fast. Zim has out lawed buying in bulk because of a run on commodities.Black Market dollar stores here we come.E-ABy MacDonald DzirutweZimbabwe authorities ordered businesses on Thursday to stop selling basic goods in bulk to avert shortages after an official price freeze triggered a frenzied buying spree that has emptied most shop shelves.President Robert Mugabe's government last week ordered businesses to roll back prices to June 18 levels after wild increases of up to 300 percent within a week following the plunge of the local currency on a thriving black market.Spiralling prices have pushed inflation above 4 500 percent, the highest in the world, underscoring an eight-year economic recession that has ravaged urban workers the most and sparked foreign currency, fuel and food shortages."Wholesalers and retailers should desist from allowing bulk buying of basic commodities," Obert Mpofu, the Minister of Industry and International Trade, told the official Herald newspaper on Thursday.Mugabe denies charges he has presided over the country's worst economic crisis since independence from Britain in 1980 and instead says the West has sabotaged the economy to punish him for seizing white-owned commercial farms for blacks.Over the past week shoppers have been buying sugar, cooking oil, flour, salt and maize-meal in bulk, leaving shelves empty while manufacturers have stopped producing. They say the price freeze is not viable given the price of other goods and raw materials continue to skyrocket.Police had to be called in at a supermarket in central Harare early on Thursday to control a huge crowd that had jammed the shop after word quickly got round that sugar was available."We heard there is sugar here that is why there is all this commotion," Rosemary Marawa said as she tussled in a long queue which also included uniformed police and soldiers.Some people have formed teams to trawl shops in the capital and buy whatever basic goods they can in bulk.Mugabe has accused businesses of being drafted in a conspiracy by his Western foes to topple him from power by increasing prices without justification. He warned his government could seize and nationalise the companies.More than 200 business people - including a ruling party senator - have been arrested for defying the price freeze, which economic analysts say will only entrench the black market.Police also said they had unearthed huge quantities of sugar, soap and cooking oil - all in short supply - at a site in Harare and suspect the goods were being hoarded to create artificial shortages in the market."The public is urged not to be involved in panic buying of commodities whose prices have been reduced as sustainable continuous supplies will be provided," Information Minister Sikhanyiso Ndlovu told the Herald.
One of the best things you can do pre-SHTF is to break your sugar addiction. IT ISN'T EASY. Most people don't realize that sugar is addictive and gives you an insulin high. It is this abuse the blows out your pancreas and causes "Type 2" diabetes (Type 2 = FDA regulated/permitted). Quit sugar. Have lots of other food on hand to fight the cravings.

RossL | 07-06-2007 11:01 AM
Re: zimbabwe outlaws buying in bulk Quote:
Originally Posted by electric-amish (Post 655480) Mugabe denies charges he has presided over the country's worst economic crisis since independence from Britain in 1980 and instead says the West has sabotaged the economy to punish him for seizing white-owned commercial farms for blacks.
Why doesn't the press ask the obvious questions. Who is printing up all the new currency? How and where are these crowds getting the all the new inflated currency? :banghead: The controlled media wants to keep everyone in the dark.

<SLV> | 07-06-2007 11:26 AM
Re: zimbabwe outlaws buying in bulk Quote:
Originally Posted by RossL (Post 655634) Why doesn't the press ask the obvious questions. Who is printing up all the new currency? How and where are these crowds getting the all the new inflated currency? :banghead: The controlled media wants to keep everyone in the dark.
Even if someone told the "people" of Zimbabwe, they would not understand. It's the same ol' Wizard of Oz - the magic of fiat currency is slight of hand taking place behind the curtain. Most people don't even notice the curtain let alone begin to think about who is pulling the strings, what strings are being pulled, and why.

Kahlil Gibran | 07-06-2007 11:30 AM
Re: zimbabwe outlaws buying in bulk Better to accumulate "Preps" now then be an evil "Hoarder" later... :party30:

shades2 | 07-06-2007 11:10 PM
Re: zimbabwe outlaws buying in bulk Quote:
Originally Posted by RossL (Post 655634) The controlled media wants to keep everyone in the dark.
I find that statement hard to believe :)

bl96S5eu | 07-06-2007 11:54 PM
Re: zimbabwe outlaws buying in bulk Quote:
Originally Posted by RossL (Post 655634) Why doesn't the press ask the obvious questions.
Because they're not that obvious to the press. I'd enjoy hearing from someone who has encountered a bank manager that knows what the h#$@ they're talking about. Walk into your bank next time and ask to speak with the manager and the proceed to ask some simple questions related to money supply and things like, "Where does the money come from that you loan?" If a banker doesn't know this information you think the general public is going to understand jack that is being said? The hard part for me is learning not to laugh in their face. Since we'll be moving soon I'll have a whole new group of people to question.

Unclad Lad | 07-08-2007 11:14 AM
Re: zimbabwe outlaws buying in bulk Quote:
Why doesn't the press ask the obvious questions.
Becauase just asking could result in a jail sentence--and all those who would have the integrity to do so anyway are gone.

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