« POPE IV Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

ZAR Tumbles As South Africa's ANC "Decides" To Nationalize Central Bank, Confiscate Land 

By: capt_nemo in POPE IV | Recommend this post (1)
Thu, 21 Dec 17 1:36 AM | 41 view(s)
Boardmark this board | POPES NEW and Improved Real Board
Msg. 40607 of 47202
Jump:
Jump to board:
Jump to msg. #

Amid "near collapse," South Africa’s ruling African National Congress gushed a double whammy of capital-flight-creating rulings this afternoon. The Rand is tumbling after the ANC agreed that land should be expropriated (from whites) without compensation, and perhaps even more worrisome, the Reserve Bank be wholly owned by the state.
http://www.zerohedge.com/news/2017-12-20/zar-tumbles-south-africa-decides-nationalize-central-bank-confiscate-land




Avatar

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.


- - - - -
View Replies (2) »



» You can also:
« POPE IV Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next