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

By: ribit in POPE IV | Recommend this post (1)
Thu, 21 Dec 17 3:49 AM | 61 view(s)
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Msg. 40636 of 47202
(This msg. is a reply to 40607 by capt_nemo)

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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.
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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!




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The above is a reply to the following message:
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

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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