After South African dictator confirms plan to seize white-owned farms, currency drops 10% overnight
If you pay attention to the news (as reported by the Mainstream Media) you know that Cyril Ramaphosa is...wait, you HAVE been listening to the alphabet news, right? So you know who this guy is and what he's doing, right? Cuz that's probably the third most de-stabilizing thing going on in the entire world now. So...
Just kidding--the alphabet networks have absolutely, totally, completely avoided mentioning Ramaphosa or the coming bloodbath in South Africa--because it hurts the Narrative. So for those who don't know, Ramaphosa is the current black dictator of South Africa. He's a thug and an idiot, but in the new South Africa that's all you need to be chief.
Ramaphosa ran on a promise to "redistribute" farmland. This is a cunning euphemism, designed to camouflage the actual meaning: He wants his regime to confiscate farms from white farmers, without compensation. His regime will then give the productive farmland to blacks.
Those of you under age 50 or so have no way of knowing it but this has been tried in Africa before, just north in the former Rhodesia (now "Zimbabwe"). Before 1980 Rhodesia had a thriving economy, and exported food. Then for some reason the economy crumbled, and now the country must import about 20 percent of its food.
Liberals and Democrats claim this dramatic decline in food production was due to global warming. Others say it's the result of a plot by Trump, starting when he was 30 years old and bored. But the real reason is a guy named Robert Mugabe, a communist who ruled the place from 1980 to 2017. For those without a calculator, that's 37 years of uninterrupted rule. Facing the probability of a military coup or impeachment, he finally resigned in 2017.
Mugabe was totally corrupt, but as long as he kept taking land from white farmers and giving it to members of his tribe, no one thought about trying to remove him. He kept winning election after election, always by huge majorities.
Well...under Mugabe the economy boomed. Just kidding--it boomed just like Cuba's economy did under Castro.
One of the problems was that Mugabe and his lackeys believed farming didn't require any more skill than throwing seeds in the ground, watering, then harvesting. As they saw it, anyone should be able raise food abundantly.
Unfortunately, reality has a way of intervening: The new would-be farmers had no experience, and not surprisingly, food production fell drastically. But for Mugabe, it wasn't a problem: He simply wangled more aid from developed nations, to pay for food imports. And a few cases of scotch. And the occasional Mercedes 600 limo.
For example, the U.S., under emperor Obozo, went from giving Mugabe $18 million in 2006 to $292 million in 2009. That'll buy a lotta scotch.
The point is that only someone determined to pull a fast one would ignore the experience of Zimbabwe in going communist and "redistributing" farmland from whites to blacks. But of course Ramaphosa...well...
The betting is that a few thousand white farmers will resist, and will be killed. The West will do nothing, of course, so that's that. But as Ramaphosa's regime submitted the constitutional amendment that would permit seizing the land without compensation, something interesting happened: South Africa's currency dropped ten percent overnight.
Some financial experts were caught by surprise. Others had a theory: Surely some farms had mortgages. If they were seized without compensation, no one expected the borrowers would continue to make the morgage payments on property seized by the regime. That would cause losses for the banks. I have no idea if the numbers support that, but in any case--ten percent drop overnight.
Nowthe big question: If someone had told Ramaphosa this would happen if he insisted on confiscating farms owned by whites, without compensation, would he have changed The Plan?
Of course not. Because he wouldn't have believed it.
Kinda like Democrats and socialists don't actually know how supply-demand curves work--and wouldn't believe you if you explained it to 'em.
Update: The Rand has lost 20% of its value in just the first six months of this year.
"Dont worry, citizen: a) That's a lie; or b) If true, it's because of a plot by Trump; c) or the British; d) or Jewish bankers; and in any case, we're on the edge of full recovery. Of course that may require passing a few more emergency measures to clamp down on profiteers and black-marketeers and hoarders and counter-revolutionaries, so be patient. Remember, recovery is just around the corner!"
That's what Venezuela's leader said when their currency lost 99 percent of its pre-socialist buying power. So many people were converting their bolivars to dollars that the socialists banned people from converting. As a result? Inflation running 8,000 percent per year.
Someone commented that in South Africa, even if the currency drops an additional 90%, neither Ramaphosa nor any of his supporters will make any connection between that and the seizing of white-owned farms. And if food production later drops dramatically--as in Zimbabwe--no member of the regime will make the connection there either. Ideology trumps facts, always, comrade.
Moreover, even after his thugs have killed the last white farmer, they'll still be blaming whites for all their problems, as they're digging through rubbish piles to find food.
Just kidding--the alphabet networks have absolutely, totally, completely avoided mentioning Ramaphosa or the coming bloodbath in South Africa--because it hurts the Narrative. So for those who don't know, Ramaphosa is the current black dictator of South Africa. He's a thug and an idiot, but in the new South Africa that's all you need to be chief.
Ramaphosa ran on a promise to "redistribute" farmland. This is a cunning euphemism, designed to camouflage the actual meaning: He wants his regime to confiscate farms from white farmers, without compensation. His regime will then give the productive farmland to blacks.
Those of you under age 50 or so have no way of knowing it but this has been tried in Africa before, just north in the former Rhodesia (now "Zimbabwe"). Before 1980 Rhodesia had a thriving economy, and exported food. Then for some reason the economy crumbled, and now the country must import about 20 percent of its food.
Liberals and Democrats claim this dramatic decline in food production was due to global warming. Others say it's the result of a plot by Trump, starting when he was 30 years old and bored. But the real reason is a guy named Robert Mugabe, a communist who ruled the place from 1980 to 2017. For those without a calculator, that's 37 years of uninterrupted rule. Facing the probability of a military coup or impeachment, he finally resigned in 2017.
Mugabe was totally corrupt, but as long as he kept taking land from white farmers and giving it to members of his tribe, no one thought about trying to remove him. He kept winning election after election, always by huge majorities.
Well...under Mugabe the economy boomed. Just kidding--it boomed just like Cuba's economy did under Castro.
One of the problems was that Mugabe and his lackeys believed farming didn't require any more skill than throwing seeds in the ground, watering, then harvesting. As they saw it, anyone should be able raise food abundantly.
Unfortunately, reality has a way of intervening: The new would-be farmers had no experience, and not surprisingly, food production fell drastically. But for Mugabe, it wasn't a problem: He simply wangled more aid from developed nations, to pay for food imports. And a few cases of scotch. And the occasional Mercedes 600 limo.
For example, the U.S., under emperor Obozo, went from giving Mugabe $18 million in 2006 to $292 million in 2009. That'll buy a lotta scotch.
The point is that only someone determined to pull a fast one would ignore the experience of Zimbabwe in going communist and "redistributing" farmland from whites to blacks. But of course Ramaphosa...well...
The betting is that a few thousand white farmers will resist, and will be killed. The West will do nothing, of course, so that's that. But as Ramaphosa's regime submitted the constitutional amendment that would permit seizing the land without compensation, something interesting happened: South Africa's currency dropped ten percent overnight.
Some financial experts were caught by surprise. Others had a theory: Surely some farms had mortgages. If they were seized without compensation, no one expected the borrowers would continue to make the morgage payments on property seized by the regime. That would cause losses for the banks. I have no idea if the numbers support that, but in any case--ten percent drop overnight.
Nowthe big question: If someone had told Ramaphosa this would happen if he insisted on confiscating farms owned by whites, without compensation, would he have changed The Plan?
Of course not. Because he wouldn't have believed it.
Kinda like Democrats and socialists don't actually know how supply-demand curves work--and wouldn't believe you if you explained it to 'em.
Update: The Rand has lost 20% of its value in just the first six months of this year.
"Dont worry, citizen: a) That's a lie; or b) If true, it's because of a plot by Trump; c) or the British; d) or Jewish bankers; and in any case, we're on the edge of full recovery. Of course that may require passing a few more emergency measures to clamp down on profiteers and black-marketeers and hoarders and counter-revolutionaries, so be patient. Remember, recovery is just around the corner!"
That's what Venezuela's leader said when their currency lost 99 percent of its pre-socialist buying power. So many people were converting their bolivars to dollars that the socialists banned people from converting. As a result? Inflation running 8,000 percent per year.
Someone commented that in South Africa, even if the currency drops an additional 90%, neither Ramaphosa nor any of his supporters will make any connection between that and the seizing of white-owned farms. And if food production later drops dramatically--as in Zimbabwe--no member of the regime will make the connection there either. Ideology trumps facts, always, comrade.
Moreover, even after his thugs have killed the last white farmer, they'll still be blaming whites for all their problems, as they're digging through rubbish piles to find food.
posted by SF at
6:07 PM
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