Venezuela on Brink of Hyperinflation
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Venezuela on Brink of Hyperinflation
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Re: Venezuela on Brink of Hyperinflation
#2[deleted]
Re: Venezuela on Brink of Hyperinflation
#3The United States has been working on a coup for Maduro, since its coup of Chavez hasn't worked out for it. This time it would really like to install Leonardo Lopez as he's willing to privatize Venezuelan oil to US companies. The US has been encouraging and organizing protests, gatherings and projecting anti-Maduro sentiment and news into the country. (https://wikileaks.org/gifiles/releasedate/2012-06-18-08-canv...)
It's possible that if their economy (amid new US sanctions) collapse that this could trigger the regime change we've been eyeing and the energy security we've been wanting to establish there.
We do have to be careful about CALEC and UNASUR, however. South American countries have been ever moving closer to isolating the US from its multilateral diplomatic plans and are regularly condemning the US for its interference, funding of death squads, war on drugs, and unilateral sanctions of various South American countries. If we take Venezuela we need to make sure that we don't isolate the rest of the continent.
Re: Venezuela on Brink of Hyperinflation
#4How to create hyperinflation in two easy steps:
1. Build massive external debt in _foreigin_ currency.
2. Have fixed exchange rate.
Its very hard to create hyperinflation using bad fiscal policy alone if you are not in debt in foreign currency and have floating exchange rates. Floating currency will balance exports and imports and printing money to pay debt in your own currency works.
Re: Venezuela on Brink of Hyperinflation
#5The United States has been working on a coup for Maduro, since its coup of Chavez hasn't worked out for it. This time it would really like to install Leonardo Lopez as he's willing to privatize Venezuelan oil to US companies. The US has been encouraging and organizing protests, gatherings and projecting anti-Maduro sentiment and news into the country. ( https://wikileaks.org/gifiles/releasedate/2012-06-18-08-canv...…
Wow
Re: Venezuela on Brink of Hyperinflation
#6How to create hyperinflation in two easy steps: 1. Build massive external debt in _foreigin_ currency. 2. Have fixed exchange rate. Its very hard to create hyperinflation using bad fiscal policy alone if you are not in debt in foreign currency and have floating exchange rates. Floating currency will balance exports and imports and printing money to pay debt in your own currency works.
How would you say cryptocurrency or gold play into this?
Re: Venezuela on Brink of Hyperinflation
#7Brink, you say?
Re: Venezuela on Brink of Hyperinflation
#8How to create hyperinflation in two easy steps: 1. Build massive external debt in _foreigin_ currency. 2. Have fixed exchange rate. Its very hard to create hyperinflation using bad fiscal policy alone if you are not in debt in foreign currency and have floating exchange rates. Floating currency will balance exports and imports and printing money to pay debt in your own currency works.
How would you say cryptocurrency or gold play into this?
Gold and cryptocurrencies work just like using the currency from some other country. Their exchange value don't reflect the economy that is using it and country can't have independent monetary policy.
Re: Venezuela on Brink of Hyperinflation
#9The United States has been working on a coup for Maduro, since its coup of Chavez hasn't worked out for it. This time it would really like to install Leonardo Lopez as he's willing to privatize Venezuelan oil to US companies. The US has been encouraging and organizing protests, gatherings and projecting anti-Maduro sentiment and news into the country. ( https://wikileaks.org/gifiles/releasedate/2012-06-18-08-canv...…
I live in Venezuela and item's prices are raising horrible, let me tell you something I am electrical engineer and computer engineer, and my salary is only 10.3$/month, ridiculous, but his is how socialism works everyone are equalized but to poverty. To buy a car in Venezuela you need to save money for 50 years without buying food supplies, to buy a house it takes 200 years, to buy dollars you need to be a friend of Maduro, my most bright colleagues have left the country so I am.
Re: Venezuela on Brink of Hyperinflation
#10Earlier quoted context omitted.
How would you say cryptocurrency or gold play into this?
Gold and cryptocurrencies work just like using the currency from some other country. Their exchange value don't reflect the economy that is using it and country can't have independent monetary policy.
In Venezuela is illegal to buy any KIND of currency, without the government approval.
You can find the dollar price here -> dolartoday.com You will find how poor all venezuelans are :(