More than a year after hyperinflating banana republic Venezuela stopped reporting official inflation data, Venezuela has stopped publishing money supply data, depriving the general public of the last, and best, available tool to ascertain soaring inflation in what has become the world's worst-performing economy.
"I'll never forget the day where the macks lost all their value almost overnight. Someone had a huge amount of money macks and they got confiscated and the administration left them sitting in a bucket. They essentially introduced hyperinflation. They flooded the market with money macks."
"...this is no ordinary riot. Unlike a riot triggered by, say, a TV news clip of some policeman beating a seemingly innocent man, the trigger is ongoing and, more importantly, it is not, at its heart, anger-based - it is fear-based. And it is self-perpetuating."
Technology always creates painful disruptions. But the correct approach is to do nothing. The problem is government and the Fed, not technology. The government is hell-bent on policies that destroy jobs and the Fed is hell-bent on producing inflation in a technological price deflation world. Blame the Fed and governments, not technology, for alleged “living wage” problems.
Russian billionaire Dmitry Rybolovlev paid €54 million or $85 million for a landscape by Paul Gauguin in a private transaction in June 2008. Yesterday, he incurred a whopping 74% loss on his store of value "investment."
Russian Billionaire Takes 74% Loss On “Investment.” $85 Million Gauguin Bought By Dmitry Rybolovlev in 2008. China soon to dominates global art and gold market. Art price volumes doubled since 2009. Gold half it’s real price in 1980
Gold does not necessarily rise and fall with interest rates, jewelry demand in India, or any other widely believed nonsense. Rather, gold has moved in conjunction with perceptions as to whether or not the Fed and central banks have everything under control.