Ron Paul, President Obama what can be learn from Africa Leader Mugabe… : ThyBlackMan.com

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Ron Paul, President Obama what can be learn from Africa Leader Mugabe…

September 30, 2011 by  
Filed under News, Opinion, Politics, Weekly Columns

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(ThyBlackMan.com) Hard to imagine it was just four years ago that pundits across the globe were slinging harsh and vilifying attacks against Zimbabwe’s President Robert Mugabe. They asserted that Mugabe under the banner of populism and black sovereignty had run and was continuing to run the country’s economy into the ground. Inflation’s was at an unimaginable rate of 100,000 percent which eventually grew to 231 million percent.The shelves of many stores were almost are empty much of the time, and prices were constantly increasing due to hyperinflation. For the general population, it was estimated that four out of five people were unemployed and that the situation was so bad that about 3,000 people a day were reported to be crossing Zimbabwe’s borders into neighboring countries.

This no longer the case, thanks namely to policies put in place and established by the same supposedly villainous Robert Mugabe. No longer does the African nation suffer with the highest rate of inflation in the world. Now just a few  years’ latter goods are back on the shelves of local stores. Why, because of the government’s decision to replace the Zimbabwe dollar with the South African rand and the US dollar.

The Zimbabwe’s economy has produced economic growth for two successive years due to positive policies and strong commodity prices, and this according to the International Monetary Fund. Although this southern African country’s economy was beaten down by hyperinflation (drops in value) which reached 500 billion percent in 2008, grew 5.7 percent in 2009. Now as it stands, Zimbabwe has a budget surplus and demonstrates additional signs of improvement. The economy of Zimbabwe grew close to 8 percent in 2010 is expected to grow near 10 percent this year.

The question for many remains how did this happen after being vilified by the United States and Europe just 5 years ago for not doing enough to improve the economy and the nation’s policy for land redistribution from Europeans to native Zimbabweans? How is this possible when once the rest of the world was saying that the people of Zimbabwe were not capable of self-government? First higher gold and platinum prices have boosted exports and government revenues in 2010. In addition, not being the victim of severe droughts as other African nations around the horn have resulted in conditions contributed that have led to increase in agricultural output. The policies of Mugabe targeted several areas including but not limited to reducing rigid labor market constraints, establishing security of land tenure, clarifying ownership requirements under the indigenization legislation, and addressing concerns about governance in the diamond sector. They also implemented other reforms including actions that have resulted in a more than 50 % increase of livestock folds across the country. Last but not least, there were the strict reforms imposed in the banking system.

Given all of the aforementioned, I often wonder why has these occurrences in Zimbabwe and imposed by President Mugabe have received vapid coverage in mainstream western media and not openly discussed and acknowledged by President Obama. After all it was just last year when the nation‘s central bank introduced a $50 billion note (at the time enough to buy just two loaves of bread). It was implemented to avoid cash shortages because at the time, like our dollar, theirs was virtually worthless. The simple lesson for the President should be to learn from what we observe transpire in Zimbabwe, but he will not. Some economist have suggested that with the Federal Reserve Bank incessant use of quantitative easing (printing fiat money willy nily), that the U.S. economy will enter “hyperinflation” similar to what we saw in Zimbabwe. Why because no matter what, the artificiality of the US economy will be subjected to the reluctance of the Federal Reserve to raise interest rates. We are already seeing large increases in everything from commodities to basic goods and with government debt growing so much, inflation has to start to accelerate at a dangerous rate.

From a policy approach it is obvious that Obama doesn’t comprehend, understand or believe the aforementioned as being a tenable outcome. Dr. Ron Paul does since he understands that “a thriving economy is not the but the result of a free people.” The actions of the President a House currently only serves to manage economic forces in an effort to mandate how business should be conducted. Although not completely flawless, Dr. Ron Paul’s economic principles rest on the idea that humans have the right to choose how to interact with one another. The clearest example concerns how we conduct foreign policy as nation and how these actions inherently impact our potential for economic growth negatively. For Ron Paul, there is no reason to provide $3 billion to Israel annually while at the same time give their Arab neighbors and enemies and $12. Ron Paul is the only current politician who has stated the reality of the US economy being considerably in worse shape than Europe.

First we owe Japan more than a trillion dollars, not to mention we are in worse shape than Japan, even after their natural disasters since they do have major exports to lean on and higher rates of savings available. The question should be why are US politicians from the President on down not addressing the citizens of this nation honestly about our economic conundrum? What are we doing to maintain our competitive edge in the world why all other nations are acting? Nothing, we fuss and bicker and Obama doesn’t show the will or ability to work on this from a serious purview and neither do Republicans. While Zimbabwe is going through with their plans for a gold-backed currency and China Becomes World’s Largest Gold Buyer, our economy is slowing down and we applaud an artificial stock bubble like it means we are back on track. Things that Ron Paul openly supports.

As opposed to trying to solve our problems, our federal government only attempts to spends, borrow, and print money our-way out of debt so much that the dollar is null. Why, because our politicians figure the best way to grow (which isn’t growth) our economy is by printing new money to pay its debts, and borrows hundreds of billions abroad in the form of Treasury obligations that someday must be paid. All of this even when they know such is in contradiction to the laws of economics. From what has been said and written, it is pellucid that Dr. Ron Paul understands this as well as Robert Mugabe. The query is does or can President Obama and can he learn from them both?

Staff Writer; Torrance Stephens
 
For more articles by this talented brother do visit; Raw Dawg Buffalo.
 
 

Comments

9 Responses to “Ron Paul, President Obama what can be learn from Africa Leader Mugabe…”
  1. James G says:

    “First we owe Japan more than a trillion dollars, not to mention we are in worse shape than Japan, even after their natural disasters since they do have major exports to lean on and higher rates of savings available…”

    Torrance, I think you’re confused between Japan & China.

    First off, the Chinese and Japanese are two different countries, ethnically and culturally. I hope there is nothing “stereotypical” (based on looks, etc.) in your mix-up assumption here (considering I too am Asian-American, who does not belong to either).

    With that said, you are referring here to China…not Japan.

    We owe China trillions and is the U.S. biggest creditor, not Japan. Also, regarding the higher savings rate, it is not the Japanese anymore (used to be in the ’80-90’s at 10-15% household savings rate; now at around 2% as of 2009). That honor goes to the Chinese…

    http://www.bis.org/publ/work312.pdf

    http://www.project-syndicate.org/commentary/feldstein28/English

    With some inaccuracies, research and proof reading requirements aside…chalk up another excellent article on Ron Paul.

  2. Phillip says:

    Great article! I carry a 50 trillion Zimbabwe note in my wallet all the time. I hadn’t realized they had turned things around so quickly. Though it is my understanding that Zimbabwe is from being free society, it is interesting to see how having a more sound currency as a such powerful effect.

  3. Wes says:

    Copy editor. Seriously. Typos happen but this is fairly incomprehensible in places. Hit me up if you’d like a proof-read on future articles, it’ll make a world of difference, IMO.

    Ron Paul 2012

  4. Duda says:

    If we just got rid of the Federal Reserve it wouldn’t even matter if the dollar was backed by gold or not. As long as we can’t print money, we’re solid. However, if everyone stops investing in us, gold standard is safer. Imagine how powerful we’d be if it wasn’t for the fed reserve, constantly inflating our currency and forcing booms and busts?

  5. Michael Ivy says:

    Yeah,

    The article was a tough read and should have been proofed, but, I (we) got it. I think the author raises an interesting point that in a roundabout way underscores Paul’s position on sound money. Mugabe’s effort to use other currencies backed by someting ov value has quickly turned that country around. A silver backed peso, I imagine, would also instill confidence in the value of Mexico’s medium of exchange other than drugs. Point is, sticking to a strong currency encourages investment and trade into that strength. It instills confidence. And the productivity gains are enormous as the author points to Zimbabwe. Zimbabwe is an excellent example of how quickly things can turn around if things are done right. I imagine the same could easily be said for the US if it were to also adopt a strong dollar policy as well. But, unless there is serious change at the top and Fed policy is completely revamped such that it’s mandate is to everywhere and always maintain a strong domestic currency, then the US will continue down the path of imiseration personified by high prices and unemployment. Of course, if MSM has it their way – there won’t be any change. And it will mean tough times for Americans going forward.

  6. TLR says:

    I voted for President Obama, but in 2012 I’ll be voting for Ron Paul, because I truly believed Obama was different. I believe Paul is different. He could be making cheap promises too. Time will tell. If he is, I do over all of that respect his positions on issues and appreciate the fact that he’s opened the doors to what individual freedom and real revolution is all about.

  7. Jackson Baer says:

    True or not true, this can’t be good for the campaign…

    RON PAUL 2012

    http://www.youtube.com/watch?v=yjRcO1Sm0HU

  8. Aaron says:

    Let me start by saying PAUL2012!!! But I have to ask, who writes these articles? They are FULL of grammatical and spelling errors. Don’t use a big word if you don’t know how. However, continue your support Dr. Paul for President.

  9. Adan Rodriguez says:

    You know, if Zimbabwe does get a gold back currency, and if Carlos Slim’s hopes that a newly elected body of politicans in Mexico bring back the Peso with silver backing, those two countries are going to see a HUGE turn around (well Mexico definitely would see a turn around if Mexico legalizes all drugs).

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