South Africa Gov’t Says It Will ‘Print More Money’ And ‘Make Everyone Rich’

[Deleted]

The new South African finance minister, Nhlanhla Nene, has announced that the government will print billions of dollars worth of the national currency and hand it out to poor black people so that “everyone will be rich.” What could possibly go wrong?

Mr. Nene, who made a dramatic return to his former position as head of National Treasury in President Cyril Ramaphosa’s new Cabinet, has spoken on a array of issues, but it’s his startling plan to “fight poverty” by forcing the reserve bank to “print more money” that has led many analysts to compare his plan to that of a 4-year-old child.

“South Africans are continuing to be poor when we can print more money to ensure that everybody has it. Our people are poor because there is a shortage of money in the country. It’s not the shortage of jobs that makes people poor, it is the shortage of money. We have paper and ink, so we will print more money and give it to the poor, and make all of them billionaires if that is possible.” Nene said.

The minister did not say how much more money will need to be printed. But he did reveal that this plan will be executed in in the next two months or so, and that every South African will be rich.

http://yournewswire.com/south-africa-print-money-rich/

Ok then... South Africa is going to be the new Zimbabwe I guess

[Video Games]

Aw hell yee, gonna buy me a ticket.

[Nasuuna]

Yeah I saw this yesterday.

People never learn /shrug

[Phookah]

The new South African finance minister, Nhlanhla Nene, has announced that the government will print billions of dollars worth of the national currency and hand it out to poor black people so that “everyone will be rich.” What could possibly go wrong?

Mr. Nene, who made a dramatic return to his former position as head of National Treasury in President Cyril Ramaphosa’s new Cabinet, has spoken on a array of issues, but it’s his startling plan to “fight poverty” by forcing the reserve bank to “print more money” that has led many analysts to compare his plan to that of a 4-year-old child.

“South Africans are continuing to be poor when we can print more money to ensure that everybody has it. Our people are poor because there is a shortage of money in the country. It’s not the shortage of jobs that makes people poor, it is the shortage of money. We have paper and ink, so we will print more money and give it to the poor, and make all of them billionaires if that is possible.” Nene said.

The minister did not say how much more money will need to be printed. But he did reveal that this plan will be executed in in the next two months or so, and that every South African will be rich.

http://yournewswire.com/south-africa-print-money-rich/

Ok then... South Africa is going to be the new Zimbabwe I guess

The level of stupid in this is truly mind boggling.

[Aggrophobic]

Thats a rather "odd" source you have there. I wouldn't trust a word they type on that site but the text was funny nonetheless.

[Techno-Druid]

Maybe get someone in office with a level of education higher than middle school, eh?

[Deldavala]

South Africa has tons of issues atm. The last few years they have been regressing into a shithole due to goverment being incompetent. This would just be another drop in the bucket, but they are running out of water for that analogy.

[Daedius]

Triple Facepalm action, go!

[RyanEX]

How the hell is this guy a finance minister?

[lonely zergling]

That sounds like a good plan. If everyone is a billionaire there are no poor people anymore!

[zealo]

Good luck with that. If their own currency turns into a hyperinflation basket case the world will stop trying to do business with them in it.

[LoLcano]

Ah the socialist utopia

[Krawu]

Well if they just want to completely destroy their economy through inflation there's no need to waste resources. Just send everyone the money online.

[Beazy]

The SA gov Isn't really planning on doing this, they just say stupid shit like that because the people who are listening are fucking morons. They eat that "free stuff for everyone" shit up like college kids at a Bernie Sanders rally.

[Techno-Druid]

How the hell is this guy a finance minister?

Probably cronyism, but I can't be too sure given I'm pretty ignorant of South African politics myself.

[Krigaren]

Yeah, everyone will be billionaires cause it'll end up taking that much money to buy themselves a sandwich after he does this.

[josykay]

Ah the socialist utopia

Has a socialist utopia ever done this, to their own people?
The UDSSR did it in the late fourties, to sabotage western german currency... And the most significant inflation was done in Germany with the purpose to commit economic suicide, so the war debts of WW1 would become void.

[Krigaren]

They eat that "free stuff for everyone" shit up like college kids at a Bernie Sanders rally.

At least they weren't empty promises that couldn't ever happen like one certain president candidate, but rather plans that are not only viable and achievable, but are currently implemented in the 1st world.

[Flarelaine]

Ok then... South Africa is going to be the new Zimbabwe I guess

They started down that path as soon as Mandela left office. They even started polishing off the remaining whites.

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How the hell is this guy a finance minister?

The whole meritocracy thing does not seem to have taken hold in Africa.

[igualitarist]

I predict very soon South Africa will degrade from the most developed sub-saharan nation to just another african shithole.