Josh Sigurdson talks with author and economic analyst John Sneisen about the crumbling economy in Suriname as an update to a previous report we at WAM did in early 2016.
Suriname saw one of the highest inflation rate in the world, breaking into hyperinflation. While the inflation rate dropped dramatically from at one point 80% to about 10.8%, food inflation continues to hang aroudn 145% which dramatically affects individuals living in the South American nation.
There’s a lack of communication when it comes to why the inflation rate went down. While some celebrate the drop in the inflation rate, it’s sure to return at a much worse scale than it was previously. Interest rates were risen 25% this year which is incredibly high. It was enough to manipulate the inflation rate down, but it creates a vast bubble which is building much more pressure than was seen in the past. Unemployment is still high. Government spending is still high and the people of Suriname are victimized further by an out of control big government, central banking system and of course the international IMF.
This video is for the people of Suriname who are being left in the dust with no proper information on what’s currently happening there. It also gives several solutions.
Let’s continue to call out the fiat central banking system and the quantitative easing programs. If you’re shoved down a bottomless pit of debt, you are forced to ask for a ladder from the government and banking system putting you the individual in perfect servitude.
Stay tuned as we continue to break down these important issues!
Video edited by Josh Sigurdson
John Thore Stub Sneisen
Graphics by Bryan Foerster and Josh Sigurdson
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