You cant keep printing without expecting massive inflation
It takes 15,300 Bolivars to buy a pack of toilet paper. Many Central Banks will follow Venezuela as Gold remains King Currency in the printing press world
Lesson for Printing Presses of World
Proof that cheaper tobwipe with bolivar bills then to buy toilet paper
Gold rules in the end.
Gold has made people millionaires in Venezuela while currency has bankrupt the country
Those who held Gold in Venezuela are now millionaires while those who held currency are bankrupt. LESSON LEARNED THAT WHILE CENTRAL BANKS CAN PRINT ALL THE CURRENCYBTHEY WANT IN THE END IT FAILS AS GOLD HOLDS ITS VALUE
As toilet paper is scarce its cheaper to wipe your... then to buy actual toilet paper.
Bolivar the bankrupt currency now used as toilet paper its cheaper
With hyperinflation and central bank manipulation in Venezuela thise who held currency the olive are bankrupt while those that have GOLD are rich.
ARE BANKRUPT. Russians Chinese Indians and Europeans have been hoarding gold and are much smarter then Americans.
Venezuela’s hyperinflation is reaching its final stages. It is probably already far too late for the government to stop the complete collapse of its currency. The bolivar is in the process of transforming from a medium of exchange to tinder for wood-stoves. Venezuelans who had the presence of mind to convert their savings into gold or foreign currency in good time are likely to survive the conflagration intact.
In the end all Central Banks of World and Bullion Banks can attempt to manipulate Gold but as sinking economies outside of U.S. shows that while Central Banks continue to Print Fiat only Gold holdsbits value in the end.
Long live miners
Can't raise rates and be responsible for market crashing. Fed doesn't want to be responsible.
Liar liar can't raise rates when rest of world is doing QE
Day trading and no gamble when you know the Fed is phony as could be.
Preparing for tomorrow's big run after Yellen speech
$3.50 and rising no chance of rate hike