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Author Topic: This morning we were informed that inflation in Zimbabwe was now 11.2 million %  (Read 4733 times)

Offline Pumblechook

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This morning we were informed that inflation in Zimbabwe was now 11.2 million % pa. This means,continued the correspondent, that something which costs 1 today will cost 10,000 next week.

Way out, surely.


 

lyner

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The sad thing is that the top people can all get hold of hard currencies so they're OK. It's the poor who suffer most - as usual.
 

Offline rosalind dna

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I think that Zimbabwe's government are corrupt and that word can't properly describe the misery that's going on in that country whichn was once the "breadbasket" of Southern Africa once.

It's so sad
 

lyner

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But it's only one a many corrupt regimes. It's just as bad elsewhere in Africa and, of course, there's Burma. . . . .
 

Offline Pumblechook

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It is the maths which is point of the thread.
 

lyner

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Oh yes - a factor  of five adrift!
 

Offline Pumblechook

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On another website the consensus is that if an item is 1 this week and about 1.25 next week the annual-ised rate is about 11.2 M %.

 
 

lyner

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The compound interest formula - of course. School Maths.
x^52 is quite a lot if x = 1.25
(109476, which is 11million%)
 

Offline Make it Lady

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People often take comfort in solid things like Maths when the world is too chaotic for comfort.
 

Offline rosalind dna

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Mugabe was barracked by the opposition today when he tried to make his inaguaral (sp) speech and I thought Good but 3 opposition MPS have been arrested. Free speech not there.
 

Offline Make it Lady

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We should send some Mathematicians over there to hit him over the head with set squares!!!!
 

Offline rosalind dna

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We should send some Mathematicians over there to hit him over the head with set squares!!!!

Sharon yes, just so.
 

Offline Don_1

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I wonder if this correspondant actually bothered to question this computation.

I rather doubt it, if he had stopped to think for a moment he would have realised that based on his calculation, (which was simply to multiply by 10,000, so far as I can see) that this 1.00 item would cost 10,000,000,000,000,000.00 after a month.  ???

Journalists!!! Huh! You can't trust them as far as you can throw a house.

Just a min....... I've got it now! Eureka!!! Yes, it's all coming quite clear to me now, he had just negotiated a 10% salary increase and was trying to convince the wages office that this took his hourly rate to 5,000.00 and not the miserly 500.00 he had actually got. Not so daft after all eh!?  ;D ;D ;D

As for Mugger-be (sorry I mean Mugabe) He should suffer the same fate as the likes of his apparent mentor, Idi Amin. Or worse.  [:(!] [:(!] [:(!]
 

Offline rosalind dna

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It will be an extremely brave Zimbabwean who dares to kill Mugabe only they are too scared and starving to do that so someone from
the CIA or SAS should infiltrate his bodyguards then lets see
what happens if it does.

Mugabe has been in power far too long and even longer than his
(late) mentor Amin.
 

Offline Make it Lady

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Assassination is not good enough, humiliation should come first.
 

Offline rosalind dna

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Assassination is not good enough, humiliation should come first.

Sharon I agree and my only reason for not putting Assassination is because I can't spell  [:-[]

How about a long sentence ending and ................
 

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