Vietnam Suspends Gold Imports, Follows FDR's Great Depression Lead
Date: Friday, July 04 @ 10:55:26 PDT
Topic: Business News; Market Research
Introduced in 1978, the Vietnamese dong is another example of fiat money gone wrong.
Inflation is now clearly out of control. Inflation soared 27% over the last 12 months through June. And inflation is still climbing as crude oil and other commodities prices continue to hit new highs.
The dong is down just 3.7% this year versus the dollar, but it still remains severely overvalued. Also, recently the dong breached its government-imposed trading band.
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