Hyperinflation

Mugabe's "Last Gamble" - Zimbabwe Unleashes Newly-Printed 'Bond Notes' Pegged To The Dollar

One might think that after 92 years, some wisdom may have leaked into the brain of Zimbabwean president Robert Mugabe. But no. As the world's oldest head of state, he has overseen the demise from a post-colonial success to a pariah state wrecked by hyperinflation. However, having apparently learned no lesson from his prior experiences, The Reserve Bank of Zimbabwe has decided to print a new national currency for the first time since 2009.

As Maduro Seeks "Best Relations" With Trump, Meet Venezuela's Currency Crisis' Arch-Nemesis

The value of the Venezuelan Bolivar has crashed by 50% in the last two months, breaking above 2000/$ on the black market today for the first time ever. We know this thanks to Gustavo Díaz, a Home Depot employee in central Alabama, who runs one of Venezuela’s most popular and insurgent websites, DolarToday.com, which provides a benchmark exchange rate used by his compatriots to buy and sell black-market dollars.

As Venezuela's Currency Loses 40% In One Month, Maduro Dances

Venezuela currency has now officially crossed the "nice, round number" psychological hyperinflation barrier of 2,000/USD, trading at 2,014 today, crashing by 22% since our last check, and an vomit-inducing 43% in the past month. Meanwhile, Venezuela president Nicolas Maduro is dancing salsa...

Could Venezuela Become The Next Syria?

It’s such a travesty that a nation as resource-rich as Venezuela could allow itself to rot from within. Its descent into chaos should serve as just the latest cautionary tale to other countries that are willing to risk stability and prosperity for even more socialism.