Tag Archives: Devalues Currency By 46%

ZeroHedge – Tyler Durden – Venezuala Launches First Nuke In Currency Wars, Devalues Currency By 46% – 9 February 2013

Hugo Chavez

While the rest of the developed world is scrambling here and there, politely prodding its central bankers to destroy their relative currencies, all the while naming said devaluation assorted names, “quantitative easing” being the most popular, here comes Venezuela and shows the banana republics of the developed world what lobbing a nuclear bomb into a currency war knife fight looks like: Continue reading