Friday, June 22, 2007

Zimbabwe Collapses

Inflation is up to an unheard of 1.5 million percent:

"Zimbabwe's inflation will rocket to 1.5m% before the end of the year, the US ambassador to Harare predicted yesterday, forecasting massive disruption and instability that will drive President Robert Mugabe from office.
In a telephone interview with the Guardian, Christopher Dell said prices were going up twice a day, sapping popular confidence in a government which is now "committing regime change on itself"."

Somewhere in the depths of the IMF some one is rubbing their hands together and muttering, "Yessss my precious."

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