This Strong Income Play Trumps a Weakening Dollar

To call Venezuela "troubled" is a huge understatement. The oil-rich South American country is beset, really, by shortages of all kinds: spiraling inflation, a government that appears to grow more despotic and dysfunctional by the day, and of course, the raging civil unrest that comes along with these problems. Tellingly - and critically - the Venezuelan bolivar fuerte has been devalued three times against the U.S. dollar over the past eight years alone, from Bs2.15 to $1, all the way down to Bs10 to $1. This massive capital destruction binge was an attempt by late Venezuelan President Hugo Chavez to compensate for falling oil revenue. Now, this is not to depress you or bring you up to speed on recent Venezuelan history. Rather, this is a warning; one that Americans - especially American retirees - should pay close attention to... and we also have a stock recommendation that could see you off safe and sound while weak dollar policies wreak havoc with Americans' wealth... Tags: Gold To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2017 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post This Strong Income Play Trumps a Weakening Dollar appeared first on Money Morning - We Make Investing Profitable .