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 ...
Looks like they are at the tipping point, going by past charts:
Weimar 1920s:
Venezuela :
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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 lifetimes work effort to zero value. This makes the elderly, who are not allowed to work, more dependent on the fucking governm
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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.
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.
Remember that socialism works.
Only for the insiders and not the rest of the people.
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
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