I thought it was because Venezuela was moving away from the US Petro dollar so they started printing money excessively until their currency was worth nothing. Which is why bitcoin became so popular there. Basically if you dont want to play by the world bankers rules you don't get to play.. or you are bombed/invaded to install their own politicians in the name of democracy lol
“Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output."
Friedman (1970) The Counter-Revolution in Monetary Theory.
In other words, he made the money printer go brrr. Banks don't make the money printer go brrr. Sorry if this doesn't blame banks or Jews enough for you. Note, I'm not a fan of either.
The hyper inflation in Venezuela wasn't the bankers' fault, it was the commie policies of Huga Chavez primarily.
I thought it was because Venezuela was moving away from the US Petro dollar so they started printing money excessively until their currency was worth nothing. Which is why bitcoin became so popular there. Basically if you dont want to play by the world bankers rules you don't get to play.. or you are bombed/invaded to install their own politicians in the name of democracy lol
Didnt help they put socilist morons in charge of that tar they call oil.
“Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output."
Friedman (1970) The Counter-Revolution in Monetary Theory.
In other words, he made the money printer go brrr. Banks don't make the money printer go brrr. Sorry if this doesn't blame banks or Jews enough for you. Note, I'm not a fan of either.