The Standard (Zimbabwe)

Brother ED doing the dance of the Valkyrie

- WITH KENNETH MUFUKA ●

erty line, today, 49%, or half the population is. “It is manufactur­ed poverty,” the professor says.

Government takes 40% of an exporter’s foreign receipts and even at that, takes 10 weeks to pay him. When the exporter wants some money, he must apply, and the bank takes its sweet time, another 10 weeks. “I have it on good authority that some exporters have closed shop,” said the learned professor.

But government says that it has a budget surplus. Mugamu said that was all make-believe.

I have taken time to show a different view which relates to the reality of Zimbabwe economics on the ground. Mugame is not alone among economists. Professor Tony Hawkins, in his book on Zimbabwe economics agrees with Mugamu. Hawkins is a white man, and we can dismiss him as a colonial remnant.

The perpetrato­rs of this witchcraft are the three Musketeers at the treasury led by Professor Mthuli Ncube.

In summary, if you depreciate your money, say by the value of 10, it means that if you owed one goat, you must now pay 10 goats. You don’t have to acquire fancy econometri­c theories to understand that simple natural law.

Natural law Wrong tree

Brother ED believes that the manipulati­on of the exchange rate, which drives prices, inflation and raises poverty levels is the creation of imperialis­t and regime change blacks working within government.

Life is not that simple. Take Henrietta Rushwaya. Obviously, she is a patriot, a principled cadre and a stalwart. It is a fact that she was caught with six bars of gold at the airport. It is also a fact that her driver, one month later, was apprehende­d at Johannesbu­rg Airport with a consignmen­t of gold. Take another example. Rosemary Dunga is alleged to have colluded with a businessma­n to by-pass exchange regulation­s at the airport by letting five bags of US dollars estimated at U$10 million. My informatio­n is that it was an Asian businessma­n.

Taxes are ignored but more important is the fact that stalwarts like her feel that their wealth is safer abroad than in the land of their forefather­s.

That is what needs to be fixed. Further financial house Goldman Sachs, believe that the Z$ may balloon way beyond Z$500 mark.

If these facts remain, Brother ED can issue a thousand SI’s, he will continue to be doing the dance of Valkyrie.

Professor Ken Mufuka will be on a lecture tour in July 1-30, beginning in Kenya. He will share a message: “Suffering under grace, the African American experience” hosted by Archbishop Manasseh Mankuleyo of Faith Evangelica­l Church, at Ngong. Arrangemen­ts are underway for him to give public lectures on “Dangerous ideas in the US intellectu­al world.” Contact: Zimbabwe: 77-694-167. In Masvingo contact Fabian Mabaya.

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