Venezuela Bolivar Loses A Third Of Its Value In The Past Week

Venezuela Bolivar Loses A Third Of Its Value In The Past Week:

Today, the Dolar Today website reported that Venezuela’s black market exchange rate surged past 14,000 bolivars per dollar.  When President Nicolas Maduro came to power in April 2013, it was at 24 per dollar.

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Venezuelans Are Now Paying 1000 Times More For US Dollars Than They Did In 2010

Venezuelans Are Now Paying 1000 Times More For US Dollars Than They Did In 2010:

The hyperinflationary-hell in Venezuela’s currency is deepening as a crippling dollar shortage and a threat of oil sanctions (amid President Maduro’s attempts to rewrite the constition to maintain his grip on power) take their toll on the economy.

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Alois Irlmaier – Ein Mann sagt, was er sieht – #WW3 (Book in German – Article in English)

For my German speaking readers:

PDF: http://kumhofer.at/irlmaier/buecher/Alois%20Irlmaier,%20Ein%20Mann%20sagt%20was%20er%20sieht.pdf

Here is an article about Alois Irlmaier in English:

The Prophecies Of Alois Irlmaier – The Roadmap To WW3 – The 3 Days Of Darkness (Worse Than WW3)

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Alois Irlmaier: “Anfangen tut es bei den Juden und den Arabern. Da geht es los.” – #WW3 (Book in German – Article in English)

For my German speaking readers:

PDF: http://kumhofer.at/irlmaier/buecher/Alois%20Irlmaier,%20Ein%20Mann%20sagt%20was%20er%20sieht.pdf

Here is an article about Alois Irlmaier in English:

The Prophecies Of Alois Irlmaier – The Roadmap To WW3 – The 3 Days Of Darkness (Worse Than WW3)

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Whatever Happened to Inflation after All This Money Printing? It Finally Has Arrived!!!

Whatever Happened to Inflation after All This Money Printing? It Has Arrived!

Related info:

Alois Irlmaier predicted (in 1950) high inflation and then hyperinflation:

The Prophecies Of Alois Irlmaier – The Roadmap To WW3 – The 3 Days Of Darkness (Worse Than WW3)

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H/t reader squodgy:

“Of course the dampened and massaged ‘official’ figures bear no resemblance whatsoever to the reality Joe BigMac sees on the supermarket shelves.

Never forget………. your Government lies to you.”

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Venezuela Eliminates Half Its Paper Money After Pulling Largest Bill From Circulation

bolivars-teaser

Maduro Stunner: Venezuela Eliminates Half Its Paper Money After Pulling Largest Bill From Circulation:

Having observed the economic chaos to emerge as a result of India’s shocking Nov. 8 demonetization announcement, and perhaps confident it can do better, today president Nicolas Maduro of Venezuela, Latin America’s most distressed economy, mired in an economic crisis and facing hyperinflation, likewise shocked the nation when he announced on state TV that just like India, Venezuela would pull its highest denominated, 100-bolivar bill (which is worth about two U.S. cents on the black market), from circulation over the next 72 hours, ahead of the introduction of new, higher-value notes, as large as 20,000.

“I have decided to take out of circulation bills of 100 bolivars in the next 72 hours,” Maduro said. “We must keep beating the mafias.”

To this we would add “and cue economic chaos”, but since this is Venezuela, that’s a given.

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“Economy Shattered, Currency Collapsing”: Venezuelans Wait In 6 ATM Lines For Enough To Buy Rice

bolivar-12-1-2016_0

“Economy Shattered, Currency Collapsing”: Venezuelans Wait In 6 ATM Lines For Enough To Buy Rice:

Is this how the economic crisis will play out in America? A cash strapped population, forced to the brink and stripped of their dignity?

Unfortunately, it is already underway in Venezuela.

Of course there is a higher standard of living in the United States overall, but tens of millions of people are already on the edge of poverty and tens of millions more can be brought to their knees in a matter of hours.

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One Scary Chart: Venezuela’s Currency Disintegrates

One Scary Chart: Venezuela’s Currency Disintegrates:

It was just this past Monday when we were reported that the Venezuela currency, the Bolivar, had crashed below 3,000 for the first time ever, losing 15% of its value in just one day as the Venezuela hyperinflation had entered its terminal phase.

Today, the DolarToday.com website, maintained by a person the WSJ dubbed “Public Enemy No. 1 of Venezuela’s revolutionary government, Gustavo Díaz, a Home Depot Inc. employee in central Alabama” reports that having crossed the psychological 2,000 level ten days ago, and taking out the 3000 barrier earlier this week, the Bolivar has now plunged to a new all time low of 4,609.37 on the black market, dropping by 15% from its latest print of 2,972 reported on Friday of last week, and has lost 60% in its value just in the past month.

So for anyone still unsure what real-time hyperinflation looks like, here is the updated visual answer.

bolivar-12-1-2016_0

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Zimbabwe Goes Down The Path Of Hyperinflation… Again

Zimbabwe Goes Down The Path Of Hyperinflation… Again:

Some people just don’t learn.

After becoming the most famous case of hyperinflation in modern history roughly ten years ago, Zimbabwe is about to have another go at conjuring paper money out of thin air.

I’m sure this time will be different.

You know the story. Starting in the late 1990s, the Zimbabwe government’s policies under Robert Mugabe began to have some devastating effects.

He confiscated private property from established (mostly white) farmers and redistributed the land in very tiny tracts to his supporters, most of whom had no experience in farming.

Unsurprisingly, Zimbabwe’s once-booming agriculture exports collapsed almost overnight.

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Total Societal Collapse: What the Media Isn’t Telling You About Venezuela

H/t reader squodgy:

“If we can’t all learn from the situation in Venezuels, which has been created by the banksters as a lesson to the people for wanting to share the spoils of their oil assets, then we have no hope.

It is coming to us all, we have had enough warnings and notice, we have no excuse.”


Total Societal Collapse: What the Media Isn’t Telling You About Venezuela:

Venezuela — Life in Venezuela now consists of empty grocery stores, record rates of violent crime, and widespread shortages of just about everything. The economic and political conditions have been deteriorating for years, but recent stories coming from this once-rich nation are astonishing. Bars have run out of beer, McDonald’s can’t get buns for their Big Macs, and rolling blackouts are a regular occurrence. The average person spends over 35 hours a month waiting in line to buy their rationed goods, and even basics like toilet paper and toothpaste are strictly regulated.

The fiasco began when the price of oil collapsed and sent Venezuelan finances into chaos. The oil-dependent nation, despite its imposing government policies, couldn’t prevent the fallout. The current problems are further compounded by rampant corruption throughout the Venezuelan government. The likelihood of a peaceful resolution is decreasing by the day, and political dissents are likely to be met with brutal crackdowns. The desperation of the masses could explode violently under the right circumstances, and there are few things more dangerous to a nation than a hungry population.

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James Wesley Rawles: It’s Time To Prepare For Hyperinflationary Collapse – “There’s Going To Be A Massive Run On Firearms” If A Hillary Win Is Imminent (Video)

How to Survive the End of the World as We Know It

@Amazon.com: How to Survive the End of the World as We Know It: Tactics, Techniques, and Technologies for Uncertain Times


If you want to survive a collapse scenario this is a must-listen interview:

Survival Expert James Rawles Warns: “There’s Going To Be A Massive Run On Firearms… Bigger Than Anything We’ve Ever Seen Before” If Hillary Win Is Imminent:

Survival Expert James Rawles Warns: “There’s Going To Be A Massive Run On Firearms… Bigger Than Anything We’ve Ever Seen Before” If Hillary Win Is Imminent

James Wesley Rawles is a former intelligence officer of the United States Army, prolific author and one of the top survival experts in the world. In his best-selling book series Patriots he paints a terrifying picture of a post-collapse America where food is scarce, currency is worthless, law and order have broken down, and survival is a daily struggle. It’s a fictional tale, of course, but one that is grounded in real-world possibilities.

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Deutsche Bank Loves Helicopter Money: Why “Big Inflation Is Coming… But Will First Require A Crisis”

Deutsche Bank Loves Helicopter Money: Why “Big Inflation Is Coming… But Will First Require A Crisis”:

Helicopter policies are not advocated in ‘a normal world’. They are however almost inevitable in the next recession. “Japan will be the flag bearer of fiscal stimulus.” Which will be sufficient to breath some inflationary spirit into the system. “But this is all febrile and can get over-turned by the slightest change in wind direction,” he said, tentative. “This will be the little inflation before the big helicopter-driven inflation.” But that will first require a crisis.

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John Williams Of Shadowstats.com: We Won’t Get Through The Elections Without Major Disruptions To The Finanical System – “The Dollar Is Going To Collapse” (Video)

Jun 10, 2016

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When Was the Last Time the Yield on German 10-Year Bonds Went Negative?

Question of the Day: When Was the Last Time the Yield on German 10-Year Bonds Went Negative?:

Think back. Many readers have been trading for 10 or 20 years. A few have been trading for 30 or more years. What was it like the last time German 10-year bond yields went negative?

That is sort of a trick question. Most likely you were not alive, no matter how old you are.

As translated from Spanish, my friend Guru Huky posted the answer on his blog today: And the last time the German bond stood negative was …. surprise surprise.

German 10-Year Yield Since 1807

Hyperinflation_10YBund

Huky Comments

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How Would You Survive Hyperinflation in Venezuela?

How Would You Survive Hyperinflation in Venezuela?:

Venezuela is currently in the throes of a devastating economic collapse that was spawned by the ignorant socialist policies of the Chavez/Maduro government. Everything is falling apart there. The water system, the roads, the electrical grid, the hospital, and especially the food distribution system. Venezuelans are so desperate that they are forced to scrounge for food in dumpsters and hunt down cats and dogs. Crime is rampant as well, and the capital city of Caracas now has the highest murder rate in the world. Mobs of vigilantes are frequently seen picking up the slack of the corrupt police; that is, when they’re not busy looting grocery stores. Venezuela is practically a war zone now.

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