Times Of Change

It is kind of irritating to know that some people are so full of greed that they use their position in the government just to steal the peoples money just to go on to luxurious trips and buy the things that they want. Later the past week, I came across an article Zimbabwe's recent president. Reading through several articles I have noticed that the President have been spending quite some time out of the country and that she and here husband have been withdrawing money from the national reserve.

Thirty years ago, Zimbabwe won a hard fought battle to conquer the white-minority tyrannical government, Robert Mugabe reign the country. By then, the country had a strong economy; it was one of the top exporting countries in Africa and had a contented population with no hunger and poverty.

Now, Zimbabwe faces the world's utmost official inflation rate, a hunger crisis and a cholera epidemic that has killed nearly 4 000 people since August. People from the said county are now in serious problems. Despite the recent economic crisis of the country, their president is spending their people’s money just to meet their lavish luxuries. Most recently the Mugabe’s have been to Hong Kong on a shopping and the trips to their mansion in Malaysia.

Year after year, with an ever-increasing extent, the Zimbabwean government has spent far beyond its means. That spending has gone to the point of a considerable degree, been funded by borrowings, including wide-ranging direct and disguised borrowings from the Reserve Bank. With that had caused repeated and extensive printing of money that is substantially unsupported by the National Reserves. The Zimbabwean money had reach to the point that it had lost it’s value.

I thinks that the key element to achieving a balance between revenue inflows and outflows is also for government to now speedily progress the transfer of private ownership to the economic enterprise of performing a function that associates with the government and it’s under direct control.