Zim Government "generating salaries through the RTGS ponzi scheme" - Tendai Biti

3 years ago
Tue, 12 May 2020 12:30:52 GMT
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Zim Government "generating salaries through the RTGS ponzi scheme" - Tendai Biti

MDC Vice President, Tendai Biti has said that the Zimbabwean government has run out of money and is currently funding the salaries through what he called an “RTGS ponzi scheme”.

Said Biti on his Twitter:

The regime is broke & broke in absolute terms. The coffers are empty & they are generating salaries through the RTGS ponzi scheme. To date Treasury has not disbursed #SafetyNets payment to Min of Social Services. Tobacco sales have had a poor start &donors not coming on board.

Desperate regime actively negotiating some “GNU” with Supreme Court created Frankenstein outfit & other dross with constitutional amendments being mooted some of which are to suspend all elections for 7 years. The desperate marriage of unelectable desperados not popular inside.

No amount of lipstick or political gamesmanship can save regime & its acolytesNo amount of manipulation & abuse of state institutions will save same. Only robust political solution that respects the people s will& commits to irrecoverable reforms can save Zimbabwe.

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A ponzi scheme is a form of fraud in which belief in the success of a non-existent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors.

More: Tendai Biti on Twitter




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