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So I seen this earlier...
This is how much money you would need to Venezuela to buy that chicken.
14m bolivars for a chicken: Venezuela hyperinflation explained
So I went and punched that into a historical calculator and seen that in 2008 that same amount of money was worth 6.8 million USD.
Can someone explain how it would get so far out of control and how this actually plays out with a persons actual wealth?
This is how much money you would need to Venezuela to buy that chicken.
14m bolivars for a chicken: Venezuela hyperinflation explained
So I went and punched that into a historical calculator and seen that in 2008 that same amount of money was worth 6.8 million USD.
Can someone explain how it would get so far out of control and how this actually plays out with a persons actual wealth?
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