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Showing posts from April 21, 2016

Hyperinflating Venezuela Used 36 Boeing 747 Cargo Planes To Deliver Its Worthless Bank Notes

Submitted by Tyler Durden on 02/04/2016 23:17 -0400










The weeks ago, when we showed "What The Death Of A Nation Looks Like: Venezuela Prepares For 720% Hyperinflation", we said that after looking at a chart of Venezuela's upcoming hyperinflation...







... a hyperinflation in which the soaring stock market has failed to keep pace with the collapsing currency, thereby mocking all erroneous thought experiments that under hyperinflation being long the stock market is a sure hedge to currency destruction...






... we joked that it is unclear just where the country will find all the paper banknotes it needs for all its new currency.



After all, central-bank data shows Venezuela more than doubled the supply of 100-, 50- and 2-bolivar notes in 2015 as it doubled monetary liquidity including bank deposits. Supply has grown even as Venezuela has fewer U.S. dollars to support new bolivars, a result of falling oil prices.





This question, as morbidly amusing as it may have been to us if not the loc…