Tuesday, September 3, 2013

No Electricity Or Toilet Paper Is A Small Price To Pay For "All Time Highs"

Venezuela's stock market has been the best performing index in 2013--at least in nominal terms.  The problem is the country is so impoverished that essentials like toilet paper and electricity are in short supply.

Why, one may ask?  Because in real-terms, the Venezuelan economy and the Caracas Stock Market is collapsing, as their currency is in free fall.

The same is happening in Japan, the UK, the US, Europe and in all sovereign countries with a money printing press--even though it may be subtler and imperceptible on a day-to-day basis.  But make no mistake:  currency devaluation impoverishes the masses in the long run.

http://www.zerohedge.com/news/2013-09-03/no-electricity-or-toilet-paper-small-price-pay-all-time-highs

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