LIVING THROUGH A CURRENCY DEVALUATION
SEPTEMBER 30, 2012
A little over a year ago, SD published the 1st hand account of StackerX’s experience surviving the devaluation of the Mexican Peso in the late 1970′s.
With The Fed now two weeks into it’s official QE∞ policy, and with calls this week by Fed Presidents Evans and Plosser for even further easing-bringing a devaluation/hyperinflation of the dollar one step closer by the day, we thought it apropos to republish StackerX’s account and experiences recognizing, surviving, and even profiting from a fiat currency devaluation.
Those who recall the account may benefit from re-examining the lesson, and for those unfamiliar with the account of the 1976 Mexican Peso devaluation, this is an ABSOLUTE MUST READ as the US is rapidly descending into full-blown Banana Republic status.