Understanding How Governments and Banks Hide Economic Realities
This is an update on Zimbabwe’s current hyperinflation status after the June 2023 overnight currency reset, and how a change in accounting reduced the official inflation rate. Because of this inflation, high net worth individuals and businesses drove brisk demand for the gold coins and ZiG Zimbabwe’s gold backed CBDC, to protect wealth held in fiat money assets.
Understanding the tricks governments and central banks use to hide the truth from the public enables people to see through the lies and make educated choices that puts their best interest first.
CHAPTERS:
00:00 Happy New Year
01:39 Zimbabwe Inflation Update
10:40 Gold Coins To The Rescue
22:47 Rebasing The GDP
30:09 Recap
SLIDES FROM VIDEO:
https://twitter.com/steve_hanke/status/1667649086059851777
