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Thursday, July 14, 2016 3:34:56 PM
1. Peso (Argentina) 1982
2. Dollar (Zimbabwe) 2007
3. Sol (Peru) 1990
4. Escudo (Chile) 1985
5. Dinar (Yugoslavia) 1995
Of course there is many others. What did all five have in common? Massive Monetary Policy. They printed lots of currency. Of course we all know that the Fed will not print anymore money and our Government will stop it's deficit spending and we all know there is no inflation. Right?! I wonder if we will be the first nation to ever print an extra $4 trillion dollars in currency and not pay the price of massive inflation? I guess anything is possible.
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