Thursday, November 21, 2013

Guess Which South American Workers' Paradise Is Sliding Into Hyperinflation?

"Since Chavez’s death, this house of cards has begun to collapse, and the black market exchange rate between the bolivar (VEF) and the U.S. dollar (USD) tells the tale. Since Chavez’s death on March 5, 2013, the bolivar has lost 62.36% of its value on the black market ...

http://www.bloomberg.com/news/2013-11-20/ghost-of-chavez-can-t-stop-hyperinflation.html

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