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Angola Faces High Inflation Rates Once Again - A History of Repeating The Same Mistakes

1,141 views · Published 14 June 2016 · 11:53 · Indexed 15 October 2026

Channel: World Alternative Media · 2016 · People & Blogs

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Angola is no stranger to inflation and we break down why and what that means. John Sneisen talks to Josh Sigurdson about the over the top central planning, the civil wars and the practice of adding zeros to the end of a currency over and over again as the currency is drastically devalued. The same mistakes are repeated time and time again while the central planners expect different results. Or do they?
From the Kwanza to the Novo Kwanza to present day we look at all the things the government and central bank have done wrong and what they should do instead... Nothing! Freedom of the markets is the only way to prosperity as global economies plummet under over the top central planning, manipulation and monopolization. This is an important thing to understand as it's the good people of Angola and so many other countries that suffer from this market manipulation. Can these problems be fixed? Absolutely. Is it headed in that direction right now? Absolutely not, as people still ask the government to manipulate things "differently" in order to prosper as a nation and this goes for basically every country globally. 
As long as the markets are manipulated, these horror stories will continue to be prevalent. 

We will be bringing you much more on this in the future. Stay tuned and stay safe!


Video edited by Josh Sigurdson


Featuring:
John Sneisen
Josh Sigurdson


Graphics by Bryan Foerster and Josh Sigurdson


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World Alternative Media
2016

"Find the truth, be the change."

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