Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Nicholas Maduro

Historical Insanity

The Return of Filibustering

Stupidly, the attackers challenged the well-equipped Venezuelan military with no heavy weapons of their own. For example, the adventurers took on tanks with automatic rifles.

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CryptocurrencyMarket Insanity

Maduro Wants an OPEC Cryptocurrency?

Venezuela is backing the Petro with around five billion barrels of oil, Al Jazeera reported. An ICO of 38.4 million Petros is scheduled for 20 February 2018. Since the OPEC basket price for oil was $64.83 a barrel on 8 February 2018 – the oil backing the Petro was worth around $324.15 billion on that day.

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Market Insanity

Venezuela faces Hyperinflation and Cash Shortage at the Same Time

Venezuela is now facing one of the weirdest effects of hyperinflation – a serious shortage of cash.

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