The Dollar is an inflation hedge against the Venezuelan Bolivar.
Dollars are Valuable in Inflation Torn Venezuela.A Robust Black Market for U.S. Dollars Has Developed.
Smaulgld On Wall Street For Main Street
Earlier this week I was intereviewed by Jason Burack from Wall Street For Main Street. We discuss a wide variety of topics including the alternative financial media echo chamber, cryptocurrencies, gold and silver.
Please have a listen:
Video Commentary to “Venezuelans Want Dollars – Not for Toliet Paper”
Veneuzuelans seek dollars to ease inflation woes
Despite the insistence of many in the “dollar collapse” crowd, that the dollar is “toliet paper”, the US dollar is coveted in many parts of the world, including Venezuela.
Further Reading
Blackmarket value of US Dollar is Skyrocketing in Venezuela LA Times (Bolivar loses 90% of its value vs the dollar in one year)
Many of the dollars the Venezuelan government gets end up on the black market – Opencanada.org
Venezuela prints more Bolivares but no one wants them causing inflation Slate
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