The Rent is Too Damn High Party

The video is from 2010. Jimmy McMillan is fighting for the rights of blue collar people in New York City who can barely afford the insanely high rent in the city.

I watched a documentary from 2017 that covered the gentrification of the New York City boroughs  of Harlem and Brooklyn.  In a part of Brooklyn the mean annual income is $45,000, the average rent in the same area is $33,000.  70 percent of income has to be used towards rent. Not a good scenario. Somebody is making fistfuls of money by creating hardship for the vast majority.

A One Hundred Trillion Dollar Bill

Zimbabwe: The economy is in a mess

Zimbabwe has gone from one economic crisis to another over the last decade. Estimates of the country’s unemployment levels vary, but the country’s biggest trade union claims the jobless rate was as high as 90% earlier this year.

Zimbabwe has struggled with hyperinflation, which peaked in 2008. The country was forced to abandon its own currency at a rate of Z$35 quadrillion to US$1, adopting the use of foreign cash.

 

Harare resident holds up 1,000 and 50,000 dollar notes because of inflation, in 2006Image copyrightAFP/GETTY

Because of a continuing chronic shortage of hard money, the government issued their own version of dollars called bond notes, but they have rapidly lost their value.

People with money stored electronically in banks are unable to access it, or are subject to strict limits on what they can withdraw. Because of this, crypto-currencies that are traded online have risen in popularity. Following the news of the military takeover, Bitcoin prices in Harare surged on Wednesday.

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The third dollar rates above are OMIR. The cash rate differs significantly to the above rates. The table below is the cash rate of the third dollar history:

Month ZWR per USD
Sept 2008 1 000
Oct 2008 90 000
Nov 2008 1 200 000
Mid Dec 2008 60 000 000
End Dec 2008 2 000 000 000
Mid Jan 2009 1 000 000 000 000
2 February 2009 300 000 000 000 000

On 2 February 2009, the RBZ removed 12 zeros from the currency, with 1,000,000,000,000 (third) Zimbabwe dollars being exchanged for 1 new (fourth) dollar. Although the dollar was abandoned on 12 April 2009, exchange rates were maintained at intervals for some months. Therefore, the fourth dollar would be worth 200,000,000,000,000,000,000,000,000,000,000,000, or 2×1035 first dollars if never revalued.

On 4 June 2015, it was announced that the Reserve Bank of Zimbabwe would exchange some of the old banknotes for US dollars.

A selection of Reserve Bank of Zimbabwe bearer cheques printed between July 2007 to July 2008 (now expired) that illustrate the hyperinflation rate in Zimbabwe.

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Coca-Cola Toys

Coca-Cola is a world corporate behemoth with an unrelenting marketing campaign.  Coca-Cola is sold in stores, restaurants, and vending machines in every country except Cuba and North Korea.  Based on Interbrand’s best global brand 2016, Coca-Cola was the world’s most valuable brand. Being the world’s most valuable brand makes Coke recognizable everywhere. Pervasive merchandising also keeps the brand in the unconscious of the masses.  And toys are a major part of this merchandising.

A few examples of the toys and games:

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Ken and Barbie join the fun

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Huge Private Yachts, and a Submarine

The super-billionaires of the world have to spend their gobs of money somehow.  From giant homes to private jets they have the resources to indulge.  The billionaires that like the sea buy the biggest private yachts ever imagined.  They cost tens of millions of dollars, often more expensive than their homes.  The costs continue with the upkeep, crews, equipment and helicopters that go with them.  The super yachts are over 400 feet (130 meters) long .  Most of them are owned by Russian oligarchs, Arab sheiks, Greek shipping magnets and American billionaires.

Tiger Woods has a yacht called Privacy.  But it is minor league in comparison to what the super-billionaires sail.

The first picture is Tiger’s yacht.  The last two pictures is Bill Allen’s (co-founder of Microsoft) behemoth named Octopus.  It is 414 feet long.   The size of many modern navy frigates.