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 Msg. #  Subject Posted by    Board    Date   
40636 Re: ZAR Tumbles As South Africa's ANC "Decides" To Nationalize Central Bank, Confiscate Land
   [b]The Rand is tumbling after the ANC agreed that land should be expro...
ribit   POPE IV   21 Dec 2017
3:49 AM
40613 Re: ZAR Tumbles As South Africa's ANC "Decides" To Nationalize Central Bank, Confiscate Land
   [img]http://c1.staticflickr.com/3/2220/5820566990_3f5893767e_b.jpg[/im...
Beldin   POPE IV   21 Dec 2017
2:16 AM

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

By: capt_nemo in POPE IV
Thu, 21 Dec 17 1:36 AM
Msg. 40607 of 47202
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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




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