The opposition party leader in Zimbabwe, Morgan Tsvangirai, of the MDC, pulled out of the presidential runoff vote which was set to take place on Friday this week. He pulled out because he saw there was no way he could win under the current crisis being faced in Zimbabwe and, the longer he tried to campaign to win, the more lives were going to be lost. Now that Tsvangirai has pulled out of the race, many people are now asking, “What next?” It is really anyones guess right now, anything can happen within the next few days and weeks, but one thing for sure that will certainly happen soon is the collapse of the Zimbabwe economy. Read the rest of this entry »

Images like this seen on the left are being beamed across the world showing how bad the situation in Zimbabwe is. The local currency in Zimbabwe has become virtually worthless. The central bank in Zimbabwe continues to print more money and thus continuing to fuel inflation. It got to a stage where they deleted three zeros from the currency but that does not seem to have helped as the zeros continue to pile up. It is said that one US dollar will get you one billion Zimbabwe dollars. Now if you look at the image, there are a lot of $200 000 Zimbabwe dollar notes. In real terms, that one $200 000 note is only worth $0.0002 US dollars! No wonder it is being thrown in the bin. Read the rest of this entry »