worthless papers

  1. Venezuela's Money Supply Soars By A Record 200%

    Venezuela's Money Supply Soars By A Record 200%
    Two weeks ago, Reuters reported that due to "unexplained" reasons, the Venezuela central bank had stopped publishing its M2, or money supply, data.  The M2 money supply was up by nearly 180% in mid-February from a year earlier, according to the central bank before it halted the release of the weekly data without explanation in February. "If they are not publishing, you...
  2. The Unnatural Nature of Fiat Money

    The Unnatural Nature of Fiat Money
    Imagine if you are doing this experiment; walk along the mall’s corridor while holding a packet of rice and approach the first shop assistant you see. Take out a piece of RM10 from your wallet and ask him or her which one is money; the rice or the RM10 note? Most of the time there is a good chance that...

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