"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Venezuela’s “Collapse Unleashing Hyperinflation” As Worthless Cash Necessitates 200x Bigger Bills
"The troubled socialist nation of Venezuela can no longer hide its massive hyperinflation problems – even from itself. President Maduro was forced, by economic realities, to reissue bills in much higher denominations – 200 times bigger – a tell tale sign of a collapsing economy. Americans were familiar with the crazy exchange rate of pesos before Mexico revalued its currency more than a decade ago – otherwise it would take literal wheelbarrows of money just to pay for basic goods, and that is too impractical even for their system. But ironically, this revaluing makes the hyperinflation more obvious, and it becomes a self-fulfilling prophecy towards the bottom. Who can stop this crazy train?"
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