Top 10 Countries by Inflation Rate (1980-2020) 

Do you have BOTH “Top Countries by Legal Immigration” and “Top Countries by Migrants and Asylum Seekers”? The correlations to this video must be fascinating! Thanks.

..Who wants another serving of Zoo animal ?

Venezuela is the best country in the world, everybody is a billionaire

Haha poor billionaire... Hahaha

The economic sanctions and the removal of the country from the international payment system imposed by the US certainly has nothing to do.

Sounds like the USA

I wonder what happened in Israel in the 80s

​@@TheAnnoyingBoss They were getting rid of their debt. That's why nations print obscene amounts of money - to devalue their debts. It may hurt the common citizen but it more or less creates free money for the national bank. Plus, unlike most nations, Israeli bank accounts were indexed to CPI. If you deposited 1 sheckel and inflation went up 100% then your balance would show 2 sheckels. Inflation didn't really bother them until it started approaching four digits.

My lawyer said that Venezuela is the most interesting country politics-wise now. AAbd it's full of the hottest girls on Earth.

سلام خوبید

me too bro from ahvaz

とても国際的な場所ですね 日本から

From shiraz

My father is from Abadan

Who is the modern day Hitler then ? 😳

@@crkcrk702 Xi Jinping

@@mroof523 lil

@@crkcrk702 some venezuelan guy who will get tired of the poverty and inflation and will take power in Venezuela soon

@@teamcanaloficial8358 and hates (the natives ?)

I saw some guy he said Venezuela is so great everyone is billionaires. Could you imagine showing up to Venezuela because you think everyone billionaire, you look around and all the billionaires are drinking the juice out of the bottom of the garbage truck in an attempt to not starve to death

Omg it's you the famous toilet guy! I never thought I see you on this

oh thats you

Dafuqboom yo

hello there

now out of all people I would have expected to comment on here, you were not one of them

To be fair if USA ever had inflation like Venezuela then there would be A LOOOOOOTTT more people starving to death as compared to Venezuela

USA: “inflation is at 7%, we will do everything to get it down to 2%.” Venezuela: “yesterday I prayed to Jesus and I think a 5 digit inflation is possible next year god willing”

Yes it is the highest in the world .. I feel sorry for the inhabitants of Venezuela

Socialism

@@usdepartmentofthetreasury489 this is not because of socialism sir

@@Mario-mv2si I’m Venezuelan. Lived in Venezuela for 20 years under the “revolution” and still live here and you’re gonna tell me what’s going on in my country? LoL

@@Mario-mv2si This is because of 40+ years of socialism and 20+ years of communism more recently until today. chavez destroyed my country.

That problem being the socialist regime that refuses to give up power there

America's Pressure on them destroy the economy of Venezuela

The inflation comes from dollers when the dollars are being imported to venuzalia as a loan with small interests but united states dont actually want to accept the inflated dollars so venuzalia keeps and in terms grows the inflation

It is we are printing more money😁

@@mrtminer2723 wrong

Swift recovery esspecially right after everyone die!

Muraudi the dictator is gone but atleast chavez is bad president than a dictator

It was really tough for me when I saw the videos of people who didn't support Maduro getting dragged into the streets and executed

​@@olgasolovjova4681first of all: gal what does Maraudi has to do with anything second: Chavez has been dead since 2013. Their current president is Maduro.

Ultimately the way they get around inflation when it's that high is everyone starves to death, and in about 3 weeks all the survivors are suddenly at the store and prices are affordable 😂😂😂

yes they left it out "However, Zimbabwe's peak month of inflation is estimated at 79.6 billion percent month-on-month, 89.7 sextillion percent year-on-year in mid-November 2008"

Llevo tu luz, y tu aroma en mi piel.

Besides food what did people need that they couldn’t get?

@@Teshuva0 any basic need product, such as toilet paper, toothpaste (and brushes), any kind of soap, gasoline, water (either drinkable or not), medicine, tissues, napkins, vegetable oil... Just to name a few. Being Venezuelan, and myself living in there during those years, it was really tough. Some people had it better, since there was people that could afford these things at skyrocket price. A lot of people died due to starvation and illnesses.

Many Venezuelan people may know when I talk about "the era of corn dough and sardines" (La era de la masa de maíz y de las sardinas).

@@pyro6719 thank you. Crazy to think of people dying of starvation 😨

Deflation is also bad

@@tilnation14 No not generally.

@@tilnation14 I don't understand economics at all lol

Japan has 0 or even negative inflation I believe.

@Aiden Prezas Why?

I took the time to educate myself on that topic and your right... that is an unreported case of bad inflation.

Argentina's hyperinflation of 1989 too

Start by getting rid of their leader who’s essentially a dictator.

Someone call the CIA, they might do something about it they love shooting South American Dictators lmao

@@imabeast7778 > Someone call the CIA As a Venezuelan... HAHAHAHHAHAHAHHAHAHAHHAHAHHAHAHHAHAHHAHAHHAHA! NICE ONE!

Use 75 admin points problem solved

You can devalue the currency, eliminate the currency altogether and replace it with something else, or peg it's official value to another currency. The latter almost never works as black markets are the result and faith in the official rate is non-existent. None of the above will work if rampant spending, nepotism, favoritism or cronyism is the problem. Venezuela has these in abundance. If the outlook by business is that their capital, facilities and assets are considered "safe" from seizure or, as in the case of Venezuela, nationalization, then prosperity and wealth creation will be the result. Politically targeting your industrial and business sector is not good for business or freedom. Chavez and Venezuela are a example of this. That level of destruction is self imposed and to say otherwise while in Venezuela is dangerous. Wealth and opportunity are directly related to freedoms, security and choice.

Can't wait for the "but that wasn't real socialism" and "but but, US sanctions" comments.

well is not the real socilism

But this is not because of bad "socialism". This is because of USA sanctions. USA needs Venezuelan oil and gas. They made this crisis for Venezuela. Are you still waiting, PMV20?)

@@boristopchiy Not waiting anymore bro :). However, it may interest you to know that the US is the largest oil producer by itself and in 2020 was also a net exporter of oil.

@@pmv2015 OK. It actually doesn't care me much, by God. I'm simply sure that US government won't intervene in affairs of other countries if it didn't give them any benefit and that they are willing to be the only powerful state in the world

Yeah but I didn't think it would be by 280,000% 😭 one dollar loaf of bread cost 280 thousand dollars in Venezuela money.

@@TheAnnoyingBoss I thought inflation was bad in my country (USA) Until I found out about venezuela

No hicisteis nada por mantenerlo limpio. Ahora es lo que hay. Dejasteis que el indigenismo раІеtо triunfase.

callate@@juanantonio3487

Probably because they where very countries

If you have 5 dollars and printer 5 more dollars 1 dollar will be like 0.50 dollar

@@notdzejl4n391 ok, but who sets the cost of printing money. And if I'm correct, this means that there is something else that controls the weight of currency. Because if for example the USA was taken over by Zamunda the U.S dollar would become worthless, because its just paper.

@@sandrajones8245 See in Germany there was inflantion but NaZi germany continued printing money but noone didnt knew that because of bills they paided to companies to not expand it so they still had money

@@sandrajones8245 i think it was like that

@@sandrajones8245 Also in some nations which were socialist they game tokens to workers to pay food and other so inflantion dont start

Yo soy de Venezuela en mi país la inflación es el problema principal pero estamos un poco mejor en relación al 2017

It means their currency is worth basically nothing and they can't afford necessities. Same thing happened in Germany where 1 million Marks could only buy a loaf a bread and they'd need to use wheelbarrows to carry it.

@@visassess8607 un my frontera Venezuela after the monetary reconvertion 1 dollar is 4,34 bolívares but before the monetary reconvertion 1 dollar is 4.340.000 bolívares this the inflation in Venezuela

Things are gonna be more expensive which means more poeaple will be poor if they don't have a good job

Their own currency is basically worthless. That means, people will try and get their hands on foreign currency (probavly dollars) if they can or not use money at all. This is when things like gold, cigarettes, etc. become the new defacto currency. Or they transition to barter, such as a sack of potatoes for a sack of coal, etc. Definitely not a state you want your country to be in.

Most historical inflation has nothing to do with USA. Tons of countries actually don't have Venezuela level inflation specifically because of USA 😂😂