A Bond is a Promise so that capitalists can invest using our real money, a bond is a token, like the one u get if u buy coke without empty bottle deposit, Bond money is like fuel coupons. Bond notes are a diversion so that capitalists borrow your real money while you don't realize it.
Automatically having bond notes, it means the bank has tricked you and borrowed your money without you knowing or realizing ,
Bond is a future liability, someone will have to pay later.
Bond has no insurance, it can be useless at any second
Currency and cash are 2 different things, Currency is a system, and money these days is not backed by physical liabilities. but its value is fiat, meaning its based on faith. A currency is a promise and currency value is the bearers belief in the promise fulfillment. And if people don't believe in Bond notes then their value is depreciating.
It costs money to make bond coins, Why not utilize already existing currencies, like zimswitch, Ecocash, Mobile money, Systems like ecocash need a small upgrade to a peer to peer instant payment system,
Central Bank does not want you to externalize USD, not because it causes money shortages, It does not cause money shortage because its your money not Zimbabwe's money. Central bank just doesn't want you to lend other countries bank money,
They want you to lend it to them so when you want it they will tell you that they don't have cash, that's a lie .
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| Zimbabwe Bond Notes and Coins |
Its not that the bank has no cash, Its because the bank has no money they don't want to give you the little that you have so they can invest in on the stock market.
Bond notes will not allow you to import, Central bank will hold us dollars and release bonds,
Where will they put all the money they will be holding? is it going to disappear or they are doing to put in on the black market so few individuals can benefit.
If i import using my money, i will not go to the bank and claim it because i have already used it. So what causing cash shortages???
Loans are the main tool in cash shortages because banks create money in the form of loans , the money is coming from nowhere , This money was created from nowhere not backed by physical commodities so, Importing doesn't harm the bank unless the bank is in debt and the bank doesn't want to have to send foreign currency to the country of import purchases.
There is cash shortage because our System keeps creating money forgetting they cant create the physical cash. If people work and earn money then there must not be cash shortages because people have worked and got paid. Civil servants salaries coming from tax money, its real money. If a supermarket sells to a person using bank cards money will be debited from the buyers account and credited to the seller, accounts balance and does that cause cash shortages?. Its simple money was created, banks created loans which are not backed by real physical money, The central bank borrowed money from the future and the country goes deeper into national debt and the workers suffer and go poorer , whilst capitalists and bankers get richer. Later in years Recession happens bond notes are created and credits go stale and disappear.
Bond notes are only a gimmick Zim dollar is already working virtually so bond coins have no advantage or disadvantage.
Solutions
Allow international banks to operate in Zim in a free market system, Richest countries in the world are at least 80 percent free market economies.
The government limits export because it would not directly benefit from peoples real cash money. You bank your money and when you want to use it outside Zimbabwe it will be valueless, So solution is to open Foreign Currency bank accounts with international banks.
Barn Bank Loans, Loan is money which is not there and there will be massive cash shortages until all people pay up loans.
Why is cash not Balancing with money in the banks?
If i have 1000usd cash and put it into the bank along with other depositors then after a month I want to withdraw my 1000usd and the bank tell me there is no cash.
-People in control own banks, Capitalists can not be politicians. In Zengeza we have Chidhakwa a member of Parliament, who failed to run a small bakery, how can he help a community and a nation?
-Politicians Experienced in the wrong things not wanting to employ consultants.
-No School Teaches people to think or to be clever, its not about education but track record, People who changed the world the most where school dropouts.
Fritz Harber invented the haber process at age 17
Mark Zuckerberg, i wont say
Pythagoras came with the Pythagoras before he was 40, originally he was a sculpture maker and he was not a schooled man.
John blur theory of investment at age 33
All the economic havoc in Zim is scaring away investors because Zim business climate is unpredictable. Privatization then withing a short period, They are saying companies must be individualized. Claiming shares from a company that someone invested in with cash and handwork.
Speculation is one of the factors affecting the fiat value of our money, thus making our economics unpredictable, Investors will stop, people wont bank their money,
Too many licenses for everything, Zimbabwe is too regulated and we need a free market system to motivate local investors and citizens to empower themselves and create companies. We all know we have politicians who feel citizens trying to set up something new and big as competition and they shut them down. Like in the case or Radio and TV stations a person like me should be running one but opportunities are always in the same circles. But are we the people being given similar opportunities.
All bank charges must be dropped for convenience purposes, Actually banks should pay interest, so people can use ecocash, mobile money, zip-it for peer to peer trading and not need cash. if there r no charges or complicated processes kana madomasi pamusika panenge akutengwa ne ecocash or mobile money.
Anyway banks use this method, most banks here in Zim operate under a foreign intermediary bank, they are more like agents in big offices. They externalize foreign currency benefiting but the nation suffers, by putting ur money in their banks you are also externalize money, in other ways these banks are embassies of foreign banks.
SUBSTITUTE TAX, have people bring in money from outside. free duty, govt will benefit the tax from sales tax, Vat pa internal trading MasterCard and Visa USD international Accounts.
Do you need to make Bond notes for money that does not exist?
Isn't that creating money from thin air?
Please don't limit the people in hard times like these Controversial , economics , Top Trending , zimbabwe
