SPINNING HYPERINFLATION AT 3.268 TURNS
As a benchmark of Venezuela’s purchasing power for many decades, our “4.30” represents an ideal gauge to measure the degree of embezzlement gulped down by the current regime since 1999.
In fact, the monetary dilution of the past 18 years has been so many times greater than “4.30,” we need to use a logarithmic scale to visualize it. Additionally, log scaling allows us to expose the scam, using data directly available on Banco Central de Venezuela’s web page, instead of conversions that would require further explanation.
As the chart confirms, via massively printing Bolivars, the government diluted all capital Venezuela had amassed until 1999, plus every resource that entered our economy since then.
LINKS WITHIN POST/VIDEO
Implemented by Argentina in 91
LINKS TO ORIGINALS
SOURCES
U.S. Energy Information Administration
Organization of the Petroleum Exporting Countries
Servicio Nacional Integrado de Administración Aduanera y Tributaria de Venezuela
Ministerio de Petróleo y Minería de Venezuela