{"id":23052,"date":"2020-05-12T16:02:13","date_gmt":"2020-05-12T14:02:13","guid":{"rendered":"https:\/\/www.africa-press.com\/zimbabwe\/?p=23052"},"modified":"2020-05-12T16:02:13","modified_gmt":"2020-05-12T14:02:13","slug":"zim-government-generating-salaries-through-the-rtgs-ponzi-scheme-tendai-biti","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/zim-government-generating-salaries-through-the-rtgs-ponzi-scheme-tendai-biti","title":{"rendered":"Zim Government \u201cgenerating salaries through the RTGS ponzi scheme\u201d \u2013 Tendai Biti"},"content":{"rendered":"<p>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 \u201cRTGS ponzi scheme\u201d.<\/p>\n<p>Said Biti on his Twitter:<\/p>\n<p>The regime is broke &amp; broke in absolute terms. The coffers are empty &amp; 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 &amp;donors not coming on board.<\/p>\n<p>Desperate regime actively negotiating some \u201cGNU\u201d with Supreme Court created Frankenstein outfit &amp; 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.<\/p>\n<p>No amount of lipstick or political gamesmanship can save regime &amp; its acolytesNo amount of manipulation &amp; abuse of state institutions will save same. Only robust political solution that respects the people s will&amp; commits to irrecoverable reforms can save Zimbabwe.<\/p>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 \u201cRTGS ponzi scheme\u201d. Said Biti on his Twitter: The regime is broke &amp; broke in absolute terms. The coffers are empty &amp; they are generating salaries through the [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":17699,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[894,371],"class_list":{"0":"post-23052","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-foreign-currency","10":"tag-rtgs"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Zim Government \u201cgenerating salaries through the RTGS ponzi scheme\u201d \u2013 Tendai Biti - zimbabwe<\/title>\n<meta name=\"description\" content=\"MDC Vice President, Tendai Biti has said that the Zimbabwean government has run out of money and is currently funding the salaries through what\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zim-government-generating-salaries-through-the-rtgs-ponzi-scheme-tendai-biti\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zim Government \u201cgenerating salaries through the RTGS ponzi scheme\u201d \u2013 Tendai Biti\" \/>\n<meta property=\"og:description\" content=\"MDC Vice President, Tendai Biti has said that the Zimbabwean government has run out of money and is currently funding the salaries through what\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zim-government-generating-salaries-through-the-rtgs-ponzi-scheme-tendai-biti\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-12T14:02:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2020\/01\/FOREIGN-CURRENCY-1200x600-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zim-government-generating-salaries-through-the-rtgs-ponzi-scheme-tendai-biti\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zim-government-generating-salaries-through-the-rtgs-ponzi-scheme-tendai-biti\",\"name\":\"Zim Government \u201cgenerating salaries through the RTGS ponzi scheme\u201d \u2013 Tendai Biti - 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