A Catholic Gentleman
635 posts

A Catholic Gentleman
@kusha_f
Design | 1337 | Craft. I like my puns intended
Katılım Mart 2014
137 Takip Edilen40 Takipçiler
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@0xTib3rius @joehelle Your powers of observation are unmatched
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@WillarShoko My hunch is Aura and IMC/Telone are sitting on available capacity allocated to them.
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The zig has been stable for months now, which makes me feel uneasy. It doesn't feel like we have reached a plateau after struggling up a hill, and are taking a well-deserved rest.
It feels more like the calm before the storm. The eye of the hurricane. Like that uneasy feeling you get when you have zesa during the day but aren't using an electrical appliance.
When you are in balance things work and flow smoothly. This doesn't feel like natural balance; it feels forced, artificially propped up. And people get tired holding things up. Things that are held up will at some point be put down.
I hope I am wrong, because it is much simpler to live without constant currency concerns.
And why, why, why, can we not have some printed notes?

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@The_Mushroom_Co Because if they gave your printed notes it would be painfully obvious. You’re not the only one he ate inga the sound of toilets flushing….some shit is going down
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@Patie_Mahamba @grok how many times has starling been mentioned in this thread versus ‘Econet smartbiz’
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A major problem we face in Zimbabwe is financial literacy. I see Zimloan gives out loans for 14 days at 20%, and also deducts a 10% admin fee from the principal. Excluding the horrendous bank charges and cash-out fees, which are material and should not be excluded, anyone taking a loan under these conditions is instantly, and probably permanently, condemning themselves to financial hell.
That's almost a 1000% annualised interest rate, and if you take compounding into effect the numbers balloon into the truly ridiculous. I always thought in the back of my mind there was a law against usury but it seems not in Zimbabwe.
In SA the rate above which the loan is considered usurious is 29%. How are guys charging nearly 1000% here and getting away with it?
Why are people taking loans at these rates? No legal enterprise returns funds sufficient to cover this. Colombian drug lords could not afford these interest rates.
Do not borrow at these rates. Even in Zig.
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