Hyperinflation

Next Up For Venezuela: PDVSA's Inevitable Default

"By cutting access to an essential source of funding, the Trump administration is precipitating the default of PDVSA and, given the key economic role of the company, of Venezuela."

Venezuelans Find A New Way To Fight Back

"Mining ETH or bitcoin is pretty much the same principle: using free electricity to generate cash... People haven’t stopped mining...They’ve just gone deeper underground..."

Why Elites Are Winning The War On Cash

"The real burden of the war on cash falls on honest citizens who are made vulnerable to wealth confiscation through negative interest rates, loss of privacy, account freezes and limits on cash withdrawals or transfers."

Now, A Trade War; Next A Shooting War?

A popular thesis since the 1930s is that a natural progression exists from currency wars to trade wars to shooting wars. Both history and analysis support this thesis. Is this pattern repeating itself today? Sadly, the answer appears to be yes.