Silver as an investment

Category Archives: Currency substitution

Zimbabwe’s Inflation Monitor: A Weekly Update

Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke. In 2008, Zimbabwe suffered the second most severe episode of hyperinflation in recorded history. The annual inflation rate peaked in November 2008, reaching 89.7 sextillion (10^23) percent (see table below).  At the peak of Zimbabwe’s hyperinflation episode in November 2008, […]

“It’s A Huge Story”: China Launching “Petroyuan” In Two Months

As a reminder, nothing lasts forever… The World Bank's former chief economist wants to replace the US dollar with a single global super-currency, saying it will create a more stable global financial system. "The dominance of the greenback is the root cause of global financial and economic crises," Justin Yifu Lin told Bruegel, a Brussels-based […]

Stop Venezuela’s Economic Death Spiral — Dollarize, Now

Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke. Venezuela’s bolivar is worthless and its annual inflation rate is the world’s highest: 1195%. Not surprisingly, Venezuelans get rid of their bolivars like hot potatoes and replace them with U.S. dollars. So, Venezuela is, to a large extent, unofficially dollarized.  […]

How A United Iran, Russia, & China Are Changing The World

Submitted by Federico Pieraccini via Strategic-Culture.org, The two previous articles have focused on the various geopolitical theories, their translations into modern concepts, and practical actions that the United States has taken in recent decades to aspire to global dominance. This segment will describe how Iran, China and Russia have over the years adopted a variety of economic and […]