The Troubling Trajectory of Hyperinflation in Venezuela

Courtesy of: The Money Project


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6 Comments
Persnickety
Persnickety
June 30, 2016 5:32 pm

Yay socialism!

If only Bernie was still in the race.

No worries, I’m sure Killary will have something different, but equally “fun,” in store for us.

Suzanna
Suzanna
June 30, 2016 5:57 pm

90K to one? Yikes!

Swamp Fox
Swamp Fox
June 30, 2016 6:00 pm

Filthy banksters are attacking them, and everybody else too.

All wars are banker wars. All bankers are jews. Get it?

BUCKHED
BUCKHED
June 30, 2016 6:30 pm

Right now 5 American bucks will get you a little Latin hustle from a senorita .

ASIG
ASIG
June 30, 2016 6:34 pm

Just this morning I read in one of the other articles that the median income in Miami is $31,917 a year, and then sometime later in a conversation with a friend of mine he just happens to mention that Zillow has his house now valued at over $900k, oh and by the way he’s unemployed. For anyone paying attention these are clues to where it all is headed. It should be obvious by now that labor has no pricing power and will stay flat or continue to decline. Other articles I’ve read outline the coming food shortages which mean higher food prices. Prices for everything we need, housing, food, fuel are rising and are about to accelerate to the upside. The result of it all is what I have been saying for years now and that is a continuation in the decline of the standard of living in the US.

Look at what‘s happening in Venezuela, and don’t think it can’t happen here.

JC
JC
July 1, 2016 8:55 am

Interesting site. Off topic alert. I love that right next to this they have a piece on Trump and how he made his money, but a search of the site brings up nothing on how the Clinton’s did it…