In my second life as a representative of Zapu in Jamaica, I was exposed to the inside workings of how imperialists, now working under the umbrella of the World Bank destroy Third World countries and keep them in what is called debt trap.
However, the story, in Zimbabwe’s case, is that imperialists plant a highly regarded economic hit man, masquerading as an economic expert and armed with various plausible plans to rescue an ailing economy.
This plant is Professor Mthuli Ncube. All his rescue plans have failed to alleviate unemployment, have increased our indebtedness, and have impoverished the generality while a small cabal with their children (perhaps 5 000 in number) have prospered immensely.
There is nothing new here. For those with a scholarly bent, please read John Perkins’ book, “The confessions of an economic hit man (2004).”
President E. D. Mnangagwa’s (as he is lovingly called), present predicament and the tumultuous period preceded by the closure of various mega industries are directly linked to Ncube’s economic policies.
Ncube is the chief malefactor, though not the only one.
The rules are very simple. Depreciate the local currency. If as happened in 2024, the ZiG was depreciated by 44 percent, it means that all the savings have lost value by that amount.
The value of money is so important that the British refused to join the European Monetary Union for fear that their pound would be devalued.
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What is the point of going to school if we learn nothing?
Ncube depreciated the Zimbabwe dollar twice.
Secondly, the globalists open up resource exploitation to international companies in their raw form without beneficiation. This one is juicy.
Zimbabwe has seen an explosion of mineral exploitation, but unemployment and poverty has increased. You sluggard. Read (Kissinger Plan on Southern Africa 1967).
If you are lazy, google Eddie Cross on Chinese investments.
The third plan is to encourage export crops, thus driving the Third World countries into endless food foreign aid packages.
Consider the enormous losses at Triangle Sugar and Associates. When 1 000 workers lose their jobs, they lose their housing, hospital services and educational facilities. Each informal worker in Zimbabwe supports 10 people, his wife and three children, his mother and father plus 3 siblings.
In Jamaica, we bought sugar and cabbages from Florida because Jamaican sugar was subsidised to favour export earnings.
Since 2019, Brother Ncube has published 19 statutory instruments (without legislative approval) thus imposing a tyrannical government.
The latest (January 2025) which imposes a regime on street vendors, qualifies as taxation without representation.
A model of sovereign wealth can be found in the Saudi-Aramco compact (1950- and again 1963).
The Saudi compact of 1974 with Aramco’s (Arab American Oil Company) secretly arranged by Henry Kissinger, accepted the Saudi view that Saudi oil was sovereign wealth to be shared by its citizens. A ratio of 80-20 (profits) between Aramco and the Saudis was agreed in favor of the Saudis.
In Zimbabwe, the Chinese pay the natives to dig up our lithium and sell it abroad. We do not know how much profit the Chinese make.
The desire by every country with minerals and oil reserves to imitate this Saudi deal has brought them into conflict with the US.
Brother Ncube has sold us out.
As a result, our minerals do not constitute sovereign wealth; despite the prodigious wealth underneath our soil, in fact, natives are removed to give way to predatory foreign companies.
The destruction of the formal industries and retail trade are a necessary part of the plan.
If one reads the documents leading to the formation of the Federation of Rhodesia and Nyasaland, one will find that clothing bales from the US were restricted to missionaries only in order to encourage Karina, Whitehead, and Glendale Mills to prosper.
Having destroyed the textile base, despite the fact that Zimbabwe is a cotton producing country, Ncube now attacks the unemployed by imposing a tax on street vendors.
Mthuli spends his time skirmishing with street vendors, ignoring the cause for Triangle decline.
In my research in 2002 at Mashaba and Zvishavane, I came across a textbook case of government interference in local businesses. Mutumwa Mawere, the owner or Shabani Mines was accused of contravening foreign exchange control.
Mawere’s problem is called the Margaret Thatcher problem. The first thing that made the iron lady angry when she became British prime minister was the story that Prince Philip was allowed BP150 per day for his trip to Argentina.
Thatcher regarded this as supreme arrogance, a government official telling a citizen how much money he can spend and when he can withdraw his own money.
Ncube has all the fancy words, signifying nothing. In addition, we know that the Reserve Bank is the mother of all street money changers.
The complaint by the Ministry of Finance, that “manufacturers have been opting to supply their goods directly to customers” thus undermining store owners is not a serious argument. The source of this problem is the minimization of consumers’ capacity to go shopping.
I saw a brother buy six leaves of rape, a small package of salt and a vial of oil to go with it. At that level of poverty, with only one dollar in his hand, the brother cannot afford to enter TM market.
The issue here is not the street vendor who sells six leaves of rape; the issue is the impoverishment of the country in the face of the stupendous resources below our feet.
In any case, Ncube does not appreciate the fact that requiring vendors to buy electronic tax devices imposes new hardships on a community already impoverished and minimalized. A typical vendor earns less than US$30 on a lucky day.
If Ncube is not a fool, then he is a sell- out to the globalists.
*Ken Mufuka is a Zimbabwean patriot. He writes from the USA.
