Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality

Iraq Dinar/News is a popular topic among many topics this board offers.

See the footer of the board for our Facebook and My business pages.

Be sure and join our Dinar Only Newsletter Email list. It is located on the right. Your User Account Email when joining the board is for with in Neno's Place use of board information which you can control in your profile settings.

Neno

NOTES:
For "Advertising" with in my board to our Membership and Visitors see our "Sponsor Ad Info" in the Navbar. Neno's Place receives a low of 50,000 views a week to over 100,000 plus many times thru out the year.

I can be reached by phone or text 7am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.
Established in 2006 as a Community of Reality

Longest Dinar holding Community. Reach Admin by Private Message. Copyright © 2006-2017


Venezuela’s Hyperinflation

Share

Lobo
Moderator
Moderator

Posts : 18085
Thanked : 883
Join date : 2013-01-12

Venezuela’s Hyperinflation

Post by Lobo on Sun 23 Aug 2015, 5:37 pm

Venezuela’s Hyperinflation
Posted on August 23, 2015 by Martin Armstrong


The hyperinflation that is being focused on in the press of late in VENEZUELA illustrates the real causes behind such events – the total collapse in the confidence of government. It is not a question of money supply for that puts the cart before the horse, As confidence collapses, people trust the government less and turn to using the currency of neighboring countries. This was the outcome on the hyperinflation that hist Germany following World War I and other Eastern European countries as well as Zimbabwe. As the confidence collapses, that is what causes the government to issue more and more money. Those who survived such events rely upon tangible assets and the currency of neighboring economics.
This is why the dollar is rising right now, It is not that the entire world is moving into hyperinflation, it is that the confidence in Emerging Markets and Europe is declining. As that unfolds, there ONLY game in town to park money becomes the US dollar.
There is ZERO change of the USA moving into hyperinflation for that to unfold other countries would need to be strong and Americans would the resort to the currencies of other countries. We are headed into a Sovereign Debt Crisis where effectively this is a reboot of the entire system – the control-alt-delete keys are being pushed.

This entry was posted in Uncategorized by Martin Armstrong. Bookmark the permalink.
http://www.armstrongeconomics.com/archives/36109

    Current date/time is Sat 10 Dec 2016, 12:54 am