Judge Anna von Reitz
[This was written in response to a question about Zimbabwe Bonds.]
Stay out of investments you don’t understand!!!!
I cannot stress this enough!
There are all sorts of wild speculation and weird “offers” being made related to foreign currencies and foreign government bonds.
There are all kinds of bonds– savings bonds, construction bonds, government bonds, payment bonds, insurance bonds, transfer bonds, performance bonds, bid bonds– I am tempted to say “bond bonds”.
Except in the case of cured bonds known as payment bonds — for example, matured savings bonds– all bonds are promises to pay in the future given this or that condition or eventuality.
So consider the meaning of what you just asked me. The government of Zimbabwe is offering to bond itself to pay back a certain amount of money in the future in exchange for you investing a certain amount of money…
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