Tuesday, February 5, 2019

Venezuelan Money Supply Is Surging at the Fastest Pace on Record

Venezuela central bank building
Whoa baby, socialism mixed with crazed central bankers brings out the madness in desperate leaders.

Venezuelan money supply rose 31 percent in the week through Jan. 25, according to central bank data, reports Bloomberg. It is the fastest pace on record for the bank.

Trump looks like an amateur inflationist by just having a dinner meeting with Fed chairman Jay Powell, compared to the work being done by Venezuelan president Nicolás Maduro and Calixto Ortega Sánchez, president of the Central Bank of Venezuela.


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