Saturday, May 13, 2006

INFLATION HITS 1000 PERCENT

Well in these 3 stories, 1- Inflation hits 1000%, 2- A Microbust, and 3- A tornado.

Here in Story 1 Zimbabwe Inflation has just hit 1000%. It reached 1042% in April and the Governments response has been to print more money so adding to the inflation rate pressure. Food, fuel and foreign currency are in short supply. A loaf of Bread what cost around 65,000 Zimbabwe dollars in February now costs more then 100,000.00. People are finding it hard to survive and the average lifespan is 37 years for Men and 34 years for Women.

Many families are reduced to living on 1 meal a day. It all started 6 yrs ago with Zimbabwes leader and his land distrubition program and began taking white owned farms. Now the Government can not pay the armed forces or civil servants and economists are warning inflation apears to be unstopable.

Does this sound familiar like in Israel the people are getting their holmes taken from them by force which could bring the inflation of Zimbabewe. Coupled with the high gas prices all over the world which will bring inflation bigtime, the world is in for tough times like the Bible says in the last days.

A loaf of bread will be 7 times the current price the Bible says, so in the future we can expect to pay about $8.00 for a loaf of bread, a great amount of shortages will occur as we go to the scriptures to see.

MARK 13:7-8
7 And when ye shall hear of wars and rumours of wars, be ye not troubled: for such things must needs be; but the end shall not be yet.
8 For nation shall rise against nation, and kingdom against kingdom:(Ethnic groups against each other) and there shall be earthquakes in divers places, and there shall be famines and troubles: these are the beginnings of sorrows.

REVELATION 6:5-8
5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.(measuring scales)
6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny;( a days wages for a loaf of bread) and see thou hurt not the oil and the wine.( still riches elsewhere)
7 And when he had opened the fourth seal, I heard the voice of the fourth beast say, Come and see.
8 And I looked, and behold a pale horse: and his name that sat on him was Death, and Hell followed with him. And power was given unto them over the fourth part of the earth, to kill with sword, and with hunger, and with death, and with the beasts of the earth.

REVELATION 18:8-19,14 (THIS IS AMERICA (USA) IN THESE VERSES)
8 Therefore shall her plagues come in one day, death, and mourning, and famine; and she shall be utterly burned with fire: for strong is the Lord God who judgeth her.
9 And the kings of the earth, who have committed fornication and lived deliciously with her, shall bewail her, and lament for her, when they shall see the smoke of her burning,
10 Standing afar off for the fear of her torment, saying, Alas, alas, that great city Babylon, that mighty city! for in one hour is thy judgment come.
14 And the fruits that thy soul lusted after are departed from thee, and all things which were dainty and goodly are departed from thee, and thou shalt find them no more at all.
15 The merchants of these things, which were made rich by her, shall stand afar off for the fear of her torment, weeping and wailing,
16 And saying, Alas, alas, that great city, that was clothed in fine linen, and purple, and scarlet, and decked with gold, and precious stones, and pearls!
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,

So here we see there will be great inflations and famines in places oviously Africa and places like that, but still riches in others European Union. Its all coming together right now just like the Bible says it will come to pass literally.

Zimbabwe: Inflation Set to Breach 1000% (APR 26, 2006)


ZIMBABWE'S skyrocketing inflation rate will surge above 1000% at the end of this month as prices of goods and services continue to escalate, a regional financial services firm says. Fungai Tarirah, chief investment officer of Harare-based Imara Asset Management Zimbabwe, said yesterday the country's inflation would top 1000% by the end of April, a move likely to
worsen Zimbabwe's political and economic woes. Some businesses put the inflation rate as high as 1600%.

Imara incorporates Botswana and has offices in SA, UK, Malawi, Namibia, Zambia and Zimbabwe. Zimbabwe's inflation is at 913,6% and is the highest in the world, followed by Iraq at 40%. Other economic indicators are also grim. The economy is critically short of foreign currency, food, fuel, electricity and other basic commodities. This week the central bank's overnight accommodation rate rose from 750% to 800%, making it difficult for commercial banks to borrow from the Bank.

The interbank rate is 637%, while the rate in treasury bills is 525%. International Monetary Fund economist Sonia Munoz argues in a recent paper that Zimbabwe is going through a period of "sup-pressed inflation" due either to manipulation of statistics or to a structural break in the market. A month-on-month increase of only 16,6% will reach 1000% inflation by the end of April, though if we maintain the month-on-month average of 22% seen so far this year, the year-on-year reading will reach 1051%.

In-house inflation computations from some big companies canvassed by our research unit range from 1100% to 1600%, depending on the import content of the goods and service under review. Tarira said yesterday the effectiveness of management's response to the hyper-inflation challenge has become the critical factor when measuring corporate value and performance.
The maxim 'cash is king' tells only part of the story. Cash generated by business must hastily find its way into raw materials, fuel, spares, capital expenditure or some other tangible asset before it loses value," he said.

The value of a Zimbabwean dollar is halving every 29 days, if official inflation is to be believed. Only debtor balances that attract at least 23% a month in interest are of any use. Even then, the rate has to be frequently adjusted to try to keep pace with inflation. Zimbabwe's public hospitals had hiked their fees 200%, the state-run Herald said yesterday. The increase pushes health care beyond the reach of most citizens straining under world-record inflation.

The hikes come in the wake of private doctors and hospitals pushing up prices 100% a fortnight ago. Patients admitted to intensive care would pay Z$8,5m a day, maternity fees would go up to Z$1,3m a day, while patients in theatre would have to fork out Z$105000 a minute, the newspaper said. (Copyright © 2006 Business Day)

NWS: Damage Caused By Tornado, Microburst Fri May 12, 3:04 PM ET

The National Weather Service said Thursday that it believes it knows what caused damage in two Tri-State counties on Wednesday night. Forecasters toured damaged areas of Highland County and Brown County Thursday morning, and determined that damage in Brown County near Ripley was caused by a microburst, a very localized column of sinking air, producing damaging straight-line winds at the surface.

In Highland County, near Hillsboro, the NWS found evidence of a weak F-0 tornado, with winds up to 72 mph. While tornadoes and microbursts often cause the same type of damage, the path and form of damage differs, and forecasters use these differences to determine which event occurred. No injuries were reported in either location.

Weather service confirms three tornadoes Contributed by Frank Hammon, WFLS

FREDERICKSBURG, Va.(AP) _ The National Weather Service says that three tornadoes touched down in the Fredericksburg area yesterday afternoon. Damage was mostly to trees. All three twisters registered F-Zero on the Fujita Scale, which means wind speeds were 40 to 72 miles an hour. The first tornado touched down near Mastins Corner at about 5:35 p.m. Falling trees and limbs caused some structural damage along a path 75 yards wide and five miles long.

Just before 6 p.m., the same system spawned a second tornado in the Fredericksburg-Spotsylvania National Military Park. It was about 50 yards wide and traveled on the ground for about a mile. Damage was mostly to trees. A third and smaller tornado from the same storm system traveled across I-95 just north of the Route 17 Interchange at 6:15 p.m. Its path was
estimated to be about 300 yards long and it was 50 yards wide. Tree damage could be seen on both sides of the highway.

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