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The American Empire in a Changing World



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Friday, September 9, 2011

'Dealing with Zimbabwe's debt'

from the guardian........

"The economy has now stabilised. The US dollar effectively became the official currency in 2009, breaking the cycle of hyperinflation and recession caused by the government's printing of money. There is a coalition government that has survived for three years without collapsing into civil war, as many feared. Central Harare feels like most other cities: traffic, banks, shops, adverts, newspapers – and inequality. The Zimbabwean upper classes are benefiting from high prices for exports of minerals such as gold and platinum"..........READ MORE

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