by Jeff Berwick
Dollar Vigilante
When heavily socialist countries collapse, and they always do, it is always interesting to watch what they do near the end.
Venezuela is the latest and its activities have gotten more bizarre by the day. A few weeks ago, as we reported, the Central Bank of Venezuela blamed hyperinflation on a website. Then they began flying in plane loads of Venezuelan Bolivars!
Yes, we are not kidding. Flying in “money” in cargo planes to cure hyperinflation one-ups Helicopter Ben Bernanke!
Then it became too expensive to print the Venezuelan bolivar, as it cost more to print pictures of dead criminals on pieces of paper than the paper cost itself.