IMF Projects Venezuela Inflation Will Hit 1 Million Percent In 2018 With A Cup Of Coffee Now Costing $1.4 Million Bolivars (Germany’s Weimar Republic Redux)

via confoundedinterest: Perhaps Venezuelan President Nicolas Maduro wanted to go down in history as having the WORST hyperinflation in history. If that was his goal, he is doing quite well! (Reuters) – Venezuela’s inflation rate is likely to top 1,000,000 percent …

READ MORE

Firm that Audits the Fed’s Financial Statements Hit with $625 Million in Damages for Negligence in Bank-Fraud Case Brought by the FDIC

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter When it gets too complicated for senior auditors, send in a “college-aged intern.” For PricewaterhouseCoopers, having for years rubber-stamped as outside auditor the financial statements of Colonial Bank in Alabama is getting expensive. Colonial, the 25th …

READ MORE

Record 47 million expected to travel for U.S. July Fourth holiday

Jarrett Renshaw for Yahoo News reports, U.S. travelers will hit the roads, rails and airports in record numbers this Fourth of July holiday, despite higher gasoline prices, the nation’s largest automotive advocacy group said on Thursday. https://www.youtube.com/watch?v=DXGXr8gB9Vg Read More/Source/Credit/FairUse: https://www.yahoo.com/news/record-47-…