{"id":67596,"date":"2021-07-10T02:15:33","date_gmt":"2021-07-10T09:15:33","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=67596"},"modified":"2023-05-12T10:45:27","modified_gmt":"2023-05-12T17:45:27","slug":"black-coffee-10-july-2021","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id67596-black-coffee-10-july-2021.html","title":{"rendered":"Black Coffee: Master and Servants"},"content":{"rendered":"

\"\"It’s time to sit back, relax and enjoy a little joe …<\/em><\/p>\n

Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what’s been going on in the world of money and personal finance.<\/p>\n

I hope everybody had an enjoyable week. Without further ado, let’s get right to this week’s commentary …<\/p>\n

America’s abundance was created not by public sacrifices to ‘the common good,’ but by the productive genius of free men.<\/em><\/p><\/blockquote>\n

— Ayn Rand<\/strong><\/p>\n

Servitude, in many cases, is not forced upon by the masters, but by a temptation of the servants.<\/em><\/p><\/blockquote>\n

— Indro Montanelli<\/strong><\/p>\n

Credits and Debits<\/strong><\/p>\n

Debit:<\/strong><\/span> Did you see this? The People’s Socialist Paradise of Venezuela is planning to cut six zeroes<\/a> from its inflation-affected bolivar. Why? Because a million bolivars currently has the purchasing power of just 32 US cents. For those of you counting at home, Venezuela has now slashed 14 zeroes off of its currency since 2007. Apparently, the simple-minded clowns in power still haven’t figured out that lopping zeros off their funny money will never stop the hyperinflation that has been ravaging their nation since then.<\/p>\n

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Go for it baby!!! pic.twitter.com\/pWuJ4oTQ8i<\/a><\/p>\n

Antonio Gonzlez C. 🇪🇸🇩🇴🇻🇪 (@TonyGonzalezC) July 4, 2021<\/a><\/p><\/blockquote>\n