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Hyperinflation - Coming to an Indebted Democracy Near You

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Posted by Martin Armstrong - Armstrong Economics

on Thursday, 01 December 2016 11:20

Venezuelan Hyperinflation From Collapse in Confidence in Government

Venezulea-Hyperinflation

The Venezuelean hyperinflation is the direct result of what happens when the general population loses all confidence in the government. The current hyperinflation is reminiscent of Germany’s hyperinflation following World War I, which was also the result of a Communist Revolution and the overthrow of the government giving birth to the Weimar Republic.  Venezuela’s currency has become virtually worthless as was the case in Japan when the people simply refused to accept any coins issued by the Japanese government. In that instance, each new emperor devalued the outstanding money supply to 10% of his new issues. This led to Japanese accepting Chinese coins, but not Japanese.

....continue reading HERE

....related from Michael & Victor Adair:

Huge Moves - US Dollar Hits 13 Year High


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