{"id":54245,"date":"2023-12-20T20:29:32","date_gmt":"2023-12-20T20:29:32","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/?p=54245"},"modified":"2023-12-20T14:53:22","modified_gmt":"2023-12-20T14:53:22","slug":"hh-the-economist-conman-and-dying-kwacha","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/hh-the-economist-conman-and-dying-kwacha","title":{"rendered":"HH the Economist, Conman and Dying Kwacha"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zambia. <\/strong><\/span>When HH claimed to be an economist, I laughed. The poor man proudly sold his untold ignorance of the global economy with pride. He convincingly claimed to possess magical powers to resolve all the economic problems that \u201cfoolish\u201d Lungu plugged the country into\u2014his swearing in at 10 am would lead to the appreciation of the Kwacha to 10 to a dollar by 2 pm. Today, Mr. Hichilema is helplessly watching as the Kwacha hits its lowest since independence. Worse still, inflation is at its highest in democratic history\u2014all under the leadership of the economist. With no IMF package in sight, no NAPSA partial withdrawal to stimulate the economy and no debt restructuring, it is not only for political reasons that HH is silent\u2014the big man has no idea as how to get out of this ditch. Worse still, Malawi just followed the IMF demand to devalue its currency by 40, HH haw another reason to worry!<\/p>\n<p>President Hichilema\u2019s pride has served him well. From street dogs to cats to kids, nobody will ignore the fact that the HH administration only knows how to blame Lungu as opposed to govern. But Zambians don\u2019t eat Lungu. Neither is Lungu the economy. People elected HH specifically to address the economic problems that the Lungu administration inflicted on Zambians\u2014from tupamela to tucooking oil to unpredictable prices of gas to the high cost of living to unemployment to the weak Kwacha among many others. These problems HH claimed he had solutions to, but today, his approach is one of blame\u2014I can\u2019t solve these problems because Lungu caused them! As one passenger said on the Bus in Lusaka, it is like a man who marries a divorcee but keeps bl aming the X for his failure to feed his stepchildren. This is Mr. Hichilema\u2019s problem\u2014his Presidency is nothing but running away from Lungu\u2019s ghost. Flying away from Lungu\u2019s ghost is behind this mess\u2014he is overwhemingly obsessed with Lungu, on whom he projects his own ignorance.<\/p>\n<p>Ignorance misinterpreted how the global economy works to the president, but pride forced him to rule as the \u201cI know it all\u201d guy. Various factors are responsible for the appreciation and depreciation of the Kwacha. Yet HH\u2019s narcissistic p ersonality made him believe that his name \u201calone\u201d would make the entire world come kneeling before him. The truth is, HH is a kapenta in the Ocean of global economics\u2014his influence on the global economy is only appreciated when he makes foolish decisions that benefits his masters\u2014western powers and Bretton Woods institutions; the IMF and World Bank.<\/p>\n<p>But his cronies are quick to absorb HH for the dying Kwacha. Yet the very intelligent people where accrediting HH with great intelligence when the Kwacha artificially hit 15 to a dollar! Some even predicted that it would soon be 14 pm\u201410 to a dollar. Today, however, they have returned to the popular song\u2014Lungu! Lungu! Lungu! The reason? The Kwacha is at 23 to a dollar and counting! Inflation is at its highest and goods are plenty, but people\u2019s pockets are empty! Is HH shamelessly watching because he is not an economist but a conman?<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/zambia\">Zambia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zambia. When HH claimed to be an economist, I laughed. The poor man proudly sold his untold ignorance of the global economy with pride. He convincingly claimed to possess magical powers to resolve all the economic problems that \u201cfoolish\u201d Lungu plugged the country into\u2014his swearing in at 10 am would lead to the [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":54244,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,25,10,248],"tags":[234,235,233],"class_list":["post-54245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-featured","category-parties","category-to-homepage","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>HH the Economist, Conman and Dying Kwacha - Zambia<\/title>\n<meta name=\"description\" content=\"When HH claimed to be an economist, I laughed. 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