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RE: Venezuela's 4,000% Hyperinflation 'Breaks' Cash-Weighing Scales

in #venezuela7 years ago (edited)

The value of the currency is devalued so much that people do not bother to count the bolivar but weigh it.

With Venezuela's annual inflation rate over 4000%. Imagine, Venezuela sits atop the world's largest oil reserves and they still have this kind of catastrophic problem. This is hard to imagine as a reality. Unfortunately it is. This is perfect example what we should be expecting her in the US in the future. Central bank printing money like a crazy. Eventualy, when they stop propping up by manipulating the dollar, it's going to collapse, and I think that ultimately the Federal Reserve sacrifices the dollar. It's the one thing they don't care about because they want to keep the bond bubble inflated, they want to keep the real estate bubble inflated, they want to keep the stock market bubble inflated. And the only way they can do that is by printing money and trying to postpone the pain. But by doing that they just make the pain that much worse. All these bubbles are going to deflate. The dollar collapsed is inevitable and hyperinflation is inevitable. Just like in Venezuela.