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Venezuela's inflation rate could pass 2,300% next year: IMF
FOX Business ^ | October 10, 2017 | Staff

Posted on 10/11/2017 5:47:52 AM PDT by C19fan

In its global report released on Tuesday, the International Monetary Fund (IMF) estimated that inflation within crisis-laden Venezuela could skyrocket to more than 2,300% by 2018.

(Excerpt) Read more at foxbusiness.com ...


TOPICS: Business/Economy
KEYWORDS: inflation; venezuela
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To: C19fan
Currently at 800% according to Trading Economics

Looks like they are at the tipping point, going by past charts:
Weimar 1920s:

Venezuela :

21 posted on 10/11/2017 7:19:30 AM PDT by Oatka
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To: I want the USA back; C19fan

>
Inflation: the gift that never stops giving, to the government. The ruling elite has protected itself from rising prices by giving themselves “Cost of living adjustments” in their salaries and pensions.
The constantly decreasing value of savings tends to reduce a lifetime’s work effort to zero value. This makes the elderly, who are not allowed to work, more dependent on the fucking governm
>

While, on the other hand, you have Socialism from the retired\elderly demanding a COLA on their Ponzi schemes (SS/MediXYZ/etc.), further increasing the economic (slavery) demand on those STILL producing/working.


22 posted on 10/11/2017 9:27:01 AM PDT by i_robot73 ("A man chooses. A slave obeys." - Andrew Ryan)
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To: txrefugee

23 posted on 10/11/2017 11:14:41 AM PDT by Kozak (DIVERSITY+PROXIMITY=CONFLICT)
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To: Oatka

24 posted on 10/11/2017 11:22:05 AM PDT by Kozak (DIVERSITY+PROXIMITY=CONFLICT)
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To: Kozak

They'd better fasten their seat belts.

[sidebar] My dad went through that drill before he emigrated here. A firm believer in having gold. Told of one old lady who had two gold bracelets. She would pawn one, live on that money, then pawn the second, pay off the first with the cheaper Marks, and stair-stepped her way through the whole mess.

25 posted on 10/11/2017 12:06:14 PM PDT by Oatka
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To: C19fan

Remember that socialism works.
Only for the insiders and not the rest of the people.


26 posted on 10/11/2017 1:02:39 PM PDT by minnesota_bound
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To: Oatka

Great book on the German hyperinflation.

https://www.amazon.com/When-Money-Dies-Devaluation-Hyperinflation/dp/1586489941

Mentions US students living in Germany sent dollars by parents who were able to live like kings


27 posted on 10/11/2017 1:13:57 PM PDT by Kozak (DIVERSITY+PROXIMITY=CONFLICT)
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