Tag Archives: hyperinflation

Venezuela’s New Cryptocurrency: Just Another Form of Control Fraud

The broke and broken country of Venezuela appears to be the first nation-state to issue a cryptocurrency token (the petro) as a means of escaping the financial black hole that’s consuming its economy:┬áMaduro Launches Oil-Backed Crypto “For The Welfare Of … Continue reading

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The Disaster of De-industrialization

By now, we all know what’s happening in Venezuela: hyperinflation, empty stores, a regime in denial. The Trajectory of Venezuelan Hyperinflation Looks Frighteningly Familiar… (Zero Hedge) My contacts in Venezuela tell me that merely posting the black market exchange rate … Continue reading

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