09 June 2019
American Currency Crisis
Photo provided by the Caspia Times.
With the major burden of pre-recession social programs, military projects, and subsidies, the Nationalist Gold Union and Raxolia have had to increase their currency supply dramatically to maintain the status quo. Recent privatization efforts in the former Rhodesian territories have given the Credit some breathing room but the Raxolian quantitative easing measures have had disastrous effects on the value of the Real. Still, economists in South America have defended the QE measures due to their long term potential benefits for expanding private credit.