Venezuela's Inflation to Reach 1 Million Percent, IMF Forecasts
- Thread starter 88m3
- Start date
i want a commemorative trillion bolivars paper note.
Json
Superstar
wallpaper money
Recca Gatsby
LWO
Gotdamn Maduro is such a fukkin piece of shyt
$1 US to $120,000 Bolivar 
88m3
Fast Money & Foreign Objects
Unfortunately this just continues the narrative that Venezuela is an economic hellhole because of “socialism,” instead of massive corruption, oil price drops, incredible state capital mismanagement, foreign capital flight and trade pause, and Chavez stupidly refusing to diversify the economy while he was flush with cash.
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Poetical Poltergeist
Precise and cold hearted
Only a million percent huh 
Ya' Cousin Cleon
OG COUCH CORNER HUSTLA
why do all that when we can just blame Socialism.
Such as?
A million percent is hyperinflation and the actions of companies outside of monopolies doesn't do much to affect the situation. It is most likely driven by excessive money printing or funding of recurrent government exenditure trhough the printing press. At high levels of inflation prices cannot rise fast enough to match the value of the currency. In Zimbabwe when it happened there were instances of price increases during the day, you could walk into a shop at 9 am and come back at 11 with the price doubling. The state will likely enact some price controls which only serve to create a black market where all the goods dissapear.
P&G, Ford, Coca-Cola, etc.
Prevents capital losses, increases inflation.