Oil price hits 4-year high

[Organ Morgan.]

East, West, it matters not when it comes to draining the purchasing power of their citizens' money via inflation because all have fiat currencies that are backed by nothing.

In Argentina, where the official inflation rate stands at 25%, they raised the base rate three times in a week from 27.5% to 40%. In nearby Venezuela their inflation rate is increasing daily by, believe it or not, 270% every fecking day! Iran's rial is in the early stages of going the same way. Citizens there risk being shot if they have the temerity to hold the equivalent of $10,000 US dollars or more in any other currency. People mistakenly believe similar couldn't happen here.

[cyril evans awaydays]

East, West, it matters not when it comes to draining the purchasing power of their citizens' money via inflation because all have fiat currencies that are backed by nothing.

In Argentina, where the official inflation rate stands at 25%, they raised the base rate three times in a week from 27.5% to 40%. In nearby Venezuela their inflation rate is increasing daily by, believe it or not, 270% every fecking day! Iran's rial is in the early stages of going the same way. Citizens there risk being shot if they have the temerity to hold the equivalent of $10,000 US dollars or more in any other currency. People mistakenly believe similar couldn't happen here.

It's 3200 miles between Caracas and Buenos Aires as the crow flies. By comparison its 2400 miles from London to Timbuktu.

[Organ Morgan.]

It's 3200 miles between Caracas and Buenos Aires as the crow flies. By comparison its 2400 miles from London to Timbuktu.

I know they're in the same continent and that's good enough for me, so there.