Comments on: Anyone have change for a quadrillion dollar bill? http://blogs.reuters.com/breakingviews/2015/06/12/zimbabwes-15-digit-money-woe-is-mercifully-rare/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Laster http://blogs.reuters.com/breakingviews/2015/06/12/zimbabwes-15-digit-money-woe-is-mercifully-rare/comment-page-1/#comment-18216 Mon, 15 Jun 2015 15:57:06 +0000 http://blogs.reuters.com/breakingviews/?p=31454#comment-18216 There are comments. Whether Reuters chooses to display them is another matter.

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By: baglanboy http://blogs.reuters.com/breakingviews/2015/06/12/zimbabwes-15-digit-money-woe-is-mercifully-rare/comment-page-1/#comment-18211 Sat, 13 Jun 2015 13:12:22 +0000 http://blogs.reuters.com/breakingviews/?p=31454#comment-18211 The advice offered to third world countries on ways in which they might improve their economies presupposes that our economic systems are worthy of imitation.

We seem to be trapped by the sense of certainty in which, after a “few years,” the results of our austerity panacea will have kicked in and the financial future will resume its benevolent bloom onto all living things. Year zero came and went amid much whimpering and gnashing of teeth yet still failed to instil an acceptance that the future actually waits with open arms for the huge proportion of talented youngsters who will have to compete for zero hour employment with kids whose prospects were never starred.

So the austerity intended to eradicate impending financial misery for future generations has usurped the seismic acceptance that now is the time for massive and positive moves to offer a brighter life for our children and grandchildren. Even now professional’s like accountants and architects work is being offshored to cheaper countries.

We are aware of figures predicting the loss of 2 billion plus jobs in the next 20 years to a scything blow dealt by the advent of robotics and automation. Those losses will barely touch some of the less developed (but most populous) states. It will however strike a cold chill in the West where a new reality will actually force wholescale change albeit in a begrudging, what-happened-to-loadsa-money times attitude?

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By: fernando80 http://blogs.reuters.com/breakingviews/2015/06/12/zimbabwes-15-digit-money-woe-is-mercifully-rare/comment-page-1/#comment-18210 Sat, 13 Jun 2015 08:45:10 +0000 http://blogs.reuters.com/breakingviews/?p=31454#comment-18210 To say this is the result of ‘incompetence’ totally misses the point that in some countries the ruling elite’s agenda is simply to remain in power and keep amassing as much wealth as they can just in order to survive. When they lose the grip the next one comes, hang them and keeps their place. In an environment like this, competence cannot be judged by the ability to sucure national interest, as there is not even proper nation to start with.

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By: Laster http://blogs.reuters.com/breakingviews/2015/06/12/zimbabwes-15-digit-money-woe-is-mercifully-rare/comment-page-1/#comment-18208 Fri, 12 Jun 2015 21:55:21 +0000 http://blogs.reuters.com/breakingviews/?p=31454#comment-18208 “Thanks for your feedback. Your post is pending approval.”

Great! here we go again. I’ve obviously spoken out of turn.

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By: Laster http://blogs.reuters.com/breakingviews/2015/06/12/zimbabwes-15-digit-money-woe-is-mercifully-rare/comment-page-1/#comment-18207 Fri, 12 Jun 2015 21:54:05 +0000 http://blogs.reuters.com/breakingviews/?p=31454#comment-18207 Edward, Do you think Stanley Fisher may find his way over there to run their central bank?

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