hyperinflationSubmitted by SD reader BH

Venezuela devalued their currency the Bolivar by nearly 50% on Friday and it now looks like Egypt will be next.  The Venezuelan devaluation is merely a small chapter in the current global currency war.
The story in the Financial Times is headlined “Venezuelan devaluation sparks panic“.  I read the article and was surprised at the content because when I read the headline I was fooled.  OF COURSE the Venezuelans are in a panic, they just lost nearly 50% of their purchasing power over one evening!!  The “panic” that I thought would have been written about was “who’s next?”.