{"id":35030,"date":"2024-01-05T13:14:29","date_gmt":"2024-01-05T20:14:29","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=35030"},"modified":"2024-01-05T13:14:29","modified_gmt":"2024-01-05T20:14:29","slug":"understanding-how-governments-and-banks-hide-economic-realities","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/understanding-how-governments-and-banks-hide-economic-realities\/","title":{"rendered":"Understanding How Governments and Banks Hide Economic Realities"},"content":{"rendered":"

This is an update on Zimbabwe\u2019s 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\u2019s gold backed CBDC, to protect wealth held in fiat money assets.<\/em><\/p>\n

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.<\/em><\/p>\n

CHAPTERS:<\/strong>
\n00:00 Happy New Year
\n01:39 Zimbabwe Inflation Update
\n10:40 Gold Coins To The Rescue
\n22:47 Rebasing The GDP
\n30:09 Recap<\/p>\n

SLIDES FROM VIDEO:
\n\"\"<\/a> \"\"<\/a> \"\"<\/a> \"\"<\/a> \"\"<\/a> \"\"<\/a> \"\"<\/a> \"\"<\/a> \"\"<\/a><\/strong><\/p>\n

SOURCES:<\/strong>
\nhttps:\/\/www.bloomberg.com\/news\/articles\/2023-09-29\/hating-inflation-follow-zimbabwe-s-playbook-to-make-it-go-away?sref=rWFqAg1Y<\/a><\/p>\n

https:\/\/twitter.com\/steve_hanke\/status\/1667649086059851777<\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

This is an update on Zimbabwe\u2019s current hyperinflation status after the June 2023 overnight currency reset, and how a change in […]<\/p>\n","protected":false},"author":23,"featured_media":35062,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1713],"tags":[59,1366,1721,2022,2525,2659,2728,3043,3053,3054,3055,3056,3057,3058,3059,3060,3061],"class_list":["post-35030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-peek-beneath-the-skin-of-the-markets","tag-gold-2","tag-gerald-celente","tag-central-bank-digital-currency","tag-war","tag-society","tag-media","tag-cbdcs","tag-middle-east","tag-trends-forecasting","tag-world-events","tag-global-politics","tag-israel","tag-migration","tag-cheap-labor","tag-dollar-decline","tag-journalism","tag-personal-improvement"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/35030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/comments?post=35030"}],"version-history":[{"count":5,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/35030\/revisions"}],"predecessor-version":[{"id":35063,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/35030\/revisions\/35063"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media\/35062"}],"wp:attachment":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media?parent=35030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=35030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=35030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}