Thank you for visiting my web page.
There’s a 500 bolívar note at the top, just like the airmail letter I sent you.
As I mentioned in my letter:
“In the 1980s, this was some serious money. Here ‘s what you could have done with this note in your pocket back then. You could have used it to …
– Book the penthouse in a 5-star Caracas hotel … or
– Take a !st-class round trip flight to Isla Margarita for a day of sun and beach fun … or
– Splurge on dinner for five(!) at the best steakhouse in Caracas … with more than enough for several great bottles of wine and a hearty propina for the waiter.
Because today, this same note doesn’t even buy a single cup of coffee. In fact, the last time you could do that was back in 2016 when it took 450 bolfvars. Two years later, a cup of coffee commanded a 7 MILLION bolivar price. That’s hyperinflation with a capital “H.”
Is “runaway inflation” in our future?
Back during the days of record inflation during the 1970s, readers saw headlines like this almost every day.
But that’s a thing of the past… or can only happen in unstable countries like Venezuela, right?
Unfortunately, our analysts don’t see it that way.
Due to a potential PERFECT STORM of unprecedented budget deficits, record money printing and the continuing impact of Covid…
NOW is the time to plan for insulating yourself from a dollar that could look more like a bolívar in the not too distant future,