Friday, July 27, 2018

Venezuela: What does this level of inflation mean?


Image result for venezuela map images

Venezuela is more than falling apart: "Venezuela could eventually have 1 million percent inflation."

What does that inflation level mean?   It means this:  ".....Venezuela’s currency has lost 99.9997 percent of its value in the past 6½ years. To put that in perspective, $333,333 worth of bolivars in 2012 would be worth $1 today."

A failed state?  I think so!

As I recall, a "bolivar", the currency, was 4.29 to a US dollar back in the early 1980's.

P.S. You can listen to my show (Canto Talk) and follow me on Twitter.

Search This Blog