| Will your fiat paper or #digital #currency become worthless as currency wars deepen? – Fiat currency has become worth less than toilet paper in #Venezuela – Venezuela was once one of the wealthiest countries in South America – Currency collapse due to massive currency “printing”, digital currency creation and socialist government – A roll of toilet paper costs 2.6m bolivars or 0.40 cents but a #gold coin (1 oz) can buy over 3,000 rolls – A chicken costs 14.6m bolivars or $2.20 but a gold coin (1 oz) can buy over 540 chickens – Indebted nations throughout world are vulnerable and some are already seeing sharp currency depreciation – Turkey, Syria, Iran, Iraq, South Africa, Angola, Argentina, Russia – Risk of #hyperinflation in US, EU, UK etc is low in short-term but real risk of deflation and then stagflation Make sure you don’t miss a single episode…… Subscribe to the Goldnomics Podcasts on iTunes, Soundcloud, or YouTube: https://itunes.apple.com/ie/podcast/g…
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