The US is
making moves to end arms sale to South Sudan. This is in a bid to stop the
ongoing war between the government and rebel forces.
The
country, is trying to arm
twist
President Salva Kiir to end the the civil war , which has brought about the
unfortunate humanitarian crisis in the country.
Even
though the US does not have an arms deal with the country, other European
countries do.
The U.S.
ambassador to the United Nations Nikki Haley told the U.N. Security Council
last Wednesday that it was time to impose a U.N. arms embargo on South Sudan.
In
related news, the inflation rate in South Sudan has reached an all time high of
127%. This is the highest I have heard in any country ever,
If you have heard any please leave comments below.
This is one one of the effects of the ongoing war in the country;when government spends money and resources catering to military operations and production of military equipment as against the production of goods and services that will boost the economy. You never get any benefit from engaging in war.
If you have heard any please leave comments below.
This is one one of the effects of the ongoing war in the country;when government spends money and resources catering to military operations and production of military equipment as against the production of goods and services that will boost the economy. You never get any benefit from engaging in war.
This
quote by respected scholar, James Grant, best captures my belief.......
“War is inflationary. It is always wasteful no matter how just the cause. It is cost without income, destruction financed (more often than not) by credit creation. It is the essence of inflation.”
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