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International Monetary Fund

Venezuela Enters the Record Book, Officially Hyperinflates

Venezuela Enters the Record Book, Officially Hyperinflates

Venezuela’s inflation has officially become the 57th official, verified episode of hyperinflation and been added to the Hanke-Krus World Hyperinflation Table, which is printed in the authoritative Routledge Handbook of Major Events in Economic History (2013). An episode of hyperinflation occurs when the monthly inflation rate exceeds 50 percent for 30 consecutive days. Venezuela's monthly inflation rate first exceeded 50 percent on November 3rd and continues to do so, sitting at 131 percent as of December 11, 2016.

Great Timing Award: Wolfgang Schäuble Says "Greece Must Reform Or Leave Eurozone"

Great Timing Award: Wolfgang Schäuble Says "Greece Must Reform Or Leave Eurozone"

Submitted by Michael Shedlock via MishTalk.com,

On the same day Matteo Renzi suffered a crushing defeat at the hands of alleged “populists” in Italy, German finance minister Wolfgang Schäuble ruled out debt relief for Greece ahead of a eurozone finance minister meeting. 

Schäuble says Greece Must Reform or Leave Eurozone.

Bolivia Becomes First South American Country To Ban Rothschild Banks

Bolivia has become the latest country to kick the Rothschild banks out of their country, with President Evo Morales announcing that Bolivia will no longer respond to pressure or financial blackmail from the US government or Rothschild-controlled international banking institutions. The International Monetary Fund (IMF) and US-dominated World Bank have been major players in the global economic landscape ever since their creation in 1944.

Washington Has Reestablished Financial and Political Control Over Brazil

Washington Has Reestablished Financial and Political Control Over Brazil

Washington’s opportunity came when the corrupt Brazilian elite illegally removed the elected president from office in order to stop government investigations of their illegal activities. Washington approved the coup with the provision that Washington’s Wall Street allies would control Brazil’s financial offices.

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