Saturday, December 3, 2016

Chain Of Command -- December 3, 2016

This may be of interest in early 2017:

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Tick, Tick, Tick

From the AP: Venezuala to issue larger bills; currency continues to melt. Data points:
  • Venezuela bordering on economic collapse
  • triple-digit inflation
  • largest note currently worth about 2 US cents on the black market
  • Venezuela currency lost 67% of its value on the black market last month -- the steepest monthly plunge ever

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