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Meanwhile, In Venezuela: The Price Of A Cup Of Coffee Is Rising At An Annualized 448,025%
Listen, things are going great in Venezuela, ok?
Sure, you'll hear a lot of hyperinflationary horror stories and you'll see all manner of pictures and videos that suggest the situation is completely out of control.
And yes, Nicolás Maduro did appoint a literal cocaine kingpin to oversee a bungled effort to "restructure" the country's crippling debt load.
And sure, all kinds of international media outlets have suggested that the citizenry is increasingly turning to cryptocurrency m
Bad news for money counterfeiters.
that was funny–in less it happens in the good old usa.
forgot.
the .gov .fed wants to turn us in surfs. sure to wonder how this all shakes out–hmm.
i do think the fed can keep up the printing presses running tho.
after all they use our money to screw us–simple really.
sb
The choices are getting worse, worser, worstest. Keep printing sacrifice the dollar create massive inflation, normalize and balance the budget then start paying it all back (yea, right), let bond rates rise and take the markets off a cliff. What do you think the Fed will do? Oh yea the presses are still warm from yesterday.
The chart for coffee looks eerily like the chart for bitcoin. Bitcoin already normalized (somewhat), so can’t we expect a coffee to do the same? Practically a slam-dunk
LOL at the “slam-dunk” especially the dunk part….pun intended? wish I had a donut to go with it!