PRESIDENT Robert Mugabe’s money printing policies before the Zimbabwe dollar went bust in 2009 have been likened to belligerent United States Republican presidential hopeful, Donald Trump’s suggestion that the world’s biggest economy could print its way out of debt.
Source: Clinton likens bellicose Trump to Mugabe – NewsDay Zimbabwe June 24, 2016
BY RICHARD CHIDZA
Trump’s main rival, Democratic Party’s presumptive nominee, Hillary Clinton, in her first economic speech delivered in Columbus, Ohio, on Tuesday, tore into the Republican candidate’s policy prescriptions and described him as a “loose cannon and danger to the US”.
“Trump also says we can just print more money to pay our debts down. We know what happened with countries that tried that in the past like Germany in the 1920s or Zimbabwe in the 1990s, it drove inflation through the roof and crippled their economies,” Clinton said.
“The US dollar is the safest currency on the planet, why would he want to mess with that?”
Academic and political analyst, Ibbo Mandaza said: “It’s a stricture of massive proportions that should leave us ashamed. It speaks loud about the casino economy”.
Former Reserve Bank of Zimbabwe governor Gideon Gono presided over the rampant printing of the country’s currency and called the traumatic period The Casino Economy, a book he later wrote.
Opposition parties said Clinton’s comparison of Trump and Mugabe’s policies was spot-on.
Mugabe’s spokesperson George Charamba and Zanu PF spokesperson Simon Khaya Moyo were not available for comment.
At the height of the hyper-inflationary era, Mugabe’s government resorted to printing currency to fund expenditure, but it continued to tumble in value until the market rejected it, forcing authorities to accept the US dollar as legal tender.
COMMENTS
This is the time for the Zanu Casino Clowns in Zimbabwe. Until the military overthrow the illegitimate government the people will simply have to wait and probably starve. Just as Mugabe came in via a gun barrel – he may not fully understand that he is no longer wanted until the military perhaps turn the gun on to him? Mugabe will eloquently tell all and sundry that he is the elected and legitimate leader just like Hitler did! A circuit breaker is required for change.
Mao Tse Tung say change must come,
Change must come from the barrel of a gun.
Mandebvu-the only rise we are seeing is beneath the underpants. Zimbabweans are incapable of political uprising!
the circuit breaker that you seek is the people of Zimbabwe. They have to rise
Both are bellicose, braggarts, bumptious, bumpkins, bullies, boasters, brash, etc. etc. yes.
But at least Trump worked for his money, and not steal and defraud like our buffoon. Nor did he send 20 000 of his own innocent and defenseless people down mine shafts.
Correct.
When Trump gets elected, it will be because the majority of Americans will have chosen for him.
They will make this mistake only once, unlike the people of Zimbabwe.
THE TRAMP BILLIONAIRE!
If Clinton were a Baboon the Democrats in USA would vote for her exactly like the majority of stupid uneducated zombies who vote for a real Baboon in Mugabe although the country is finished they still vote and do not give a hoot about their children or their grandchildren.What has happened to the once great highly educated brave Zimbabweans.Oh they are all probably buried in mine shafts.Look at the so called Police.What a bunch of despicable scruffy smelly idiots.They are not qualified police as the BSAP were.They are a bunch of corrupt ZANU of youths who have never had a days training in their life except on how to drink cheap booze and smoke the weed.Ashamed of your once wonderful country and people? Bloody well do something like the brave young man in the red T Shirt at Meikles. Stop sitting on the sidelines and take your country back bunch of bloody cowards.