Look at the chart for the Caracas Stock Exchange up to the point the economy collapsed in Venezuela. It wss just a measure of money printing.
https://images.app.goo.gl/FxqnCabfaG3Gg5WG9
The Caracas Stock Exchange up to the point the economy collapsed and the Venezuelan government printed the Bolivar into oblivion. This is what happens when governments panic and hit the [PRINT] button in a vain attempt to support the velocity of money (how fast it moves around the economy).
Incidentally, if you'd bought US$1m worth of Bolivars before the crisis in Venezuela, that $1 million would today be worth literally a few cents.
Remember, fiat "money" is just a credit note backed by a promise to pay the bearer the sum of the same credit note, not in gold, not in silver, but the same bit of paper.
It's backed by nothing at all.
If you've ever been to countries that have, in the past, experienced a hyperinflation due to debt monetisation, you'll have noticed their bank notes have many, many zeros. That's why.
Notice how the DJIA, the FTSE and other bourses have suddenly "recovered", even in the face of biblical non-farm payroll reports and unemployment claims? This, just after multi-trillion dollar "stimulus" packages? This is the same phenomenon as Venezuela experienced just a few years ago.
Airlines are seeing a double digit rise in their stock price, even though entire fleets are grounded, with no end in sight and unlikely to survive this year. This is Federal Reserve monetisation buying everything.
Beware the crack up boom. It isn't what you think it is... and low and behold...
"US shares see their biggest weekly gain in 46 years."
https://www.bbc.co.uk/news/business-5223997
https://images.app.goo.gl/FxqnCabfaG3Gg5WG9
The Caracas Stock Exchange up to the point the economy collapsed and the Venezuelan government printed the Bolivar into oblivion. This is what happens when governments panic and hit the [PRINT] button in a vain attempt to support the velocity of money (how fast it moves around the economy).
Incidentally, if you'd bought US$1m worth of Bolivars before the crisis in Venezuela, that $1 million would today be worth literally a few cents.
Remember, fiat "money" is just a credit note backed by a promise to pay the bearer the sum of the same credit note, not in gold, not in silver, but the same bit of paper.
It's backed by nothing at all.
If you've ever been to countries that have, in the past, experienced a hyperinflation due to debt monetisation, you'll have noticed their bank notes have many, many zeros. That's why.
Notice how the DJIA, the FTSE and other bourses have suddenly "recovered", even in the face of biblical non-farm payroll reports and unemployment claims? This, just after multi-trillion dollar "stimulus" packages? This is the same phenomenon as Venezuela experienced just a few years ago.
Airlines are seeing a double digit rise in their stock price, even though entire fleets are grounded, with no end in sight and unlikely to survive this year. This is Federal Reserve monetisation buying everything.
Beware the crack up boom. It isn't what you think it is... and low and behold...
"US shares see their biggest weekly gain in 46 years."
https://www.bbc.co.uk/news/business-5223997
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