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Photos that illustrate the impact of hyperinflation in Venezuela
Posted on 8/20/18 at 12:49 pm
Posted on 8/20/18 at 12:49 pm
quote:
LINK to article and photos
A 2.4-kilogram chicken is pictured next to 14.6 million bolívars, or $2.22
In a plan designed to tackle hyperinflation, Venezuelan President Nicolas Maduro on Friday announced plans to raise his country's minimum wage and create a single exchange rate pegged to his government's petro-backed cryptocurrency, effectively devaluing the country's currency by 96%, Reuters reported.
Venezuelans rushed to shops Friday to stock up on goods before the monetary overhaul — which will remove five zeros from prices — took effect.
This post was edited on 8/20/18 at 12:52 pm
18
Posted on 8/20/18 at 12:50 pm to member12
Do t worry. It’ll work here. I promise
Posted on 8/20/18 at 12:53 pm to member12
quote:
Venezuelan President Nicolas Maduro on Friday announced plans to raise his country's minimum wage
Well that will fix things. Just give everyone more money.
This post was edited on 8/20/18 at 12:54 pm
Posted on 8/20/18 at 12:53 pm to member12
Posted on 8/20/18 at 12:53 pm to beerJeep
What do you think SS, medicare/medicaid the military,and VA, etc are? In fact lets cur all the socialist programs in America and see what's left standing. It's too bad you've been supporting socialism your whole life under the guise of patriotism and freedom
This post was edited on 8/20/18 at 12:55 pm
Posted on 8/20/18 at 12:54 pm to member12
Eat cake
Posted on 8/20/18 at 12:54 pm to fr33manator
A certain American politician praised Venezuela’s economic policy less than 5 years ago.
Posted on 8/20/18 at 12:55 pm to TJGator1215
quote:
What do you think SS, medicare/medicaid the military,and VA, etc are?
How’s the va doing mon frere?
And SS? I won’t see a PENNY of the money I’m putting in.
quote:
It's too bad you've been supporting socialism your whole life under the guise of patriotism and freedom
Oh buddy. You really don’t want me to drag my cock all up and down your face over socialism and why it is a failed ideal.
This post was edited on 8/20/18 at 12:56 pm
Posted on 8/20/18 at 12:56 pm to member12
you could save money by wiping your arse with money.
This post was edited on 8/20/18 at 3:28 pm
Posted on 8/20/18 at 12:56 pm to TJGator1215
quote:
In fact lets cur all the socialist programs in America and see what's left standing.
bet
For the record, tuggers, none of those are socialist in character other than the VA. Wealth transfers, while I do not condone them, are hardly the same thing as the state operating a certain sector or industry.
Posted on 8/20/18 at 12:57 pm to Spirit of Dunson
quote:
you could save money by wiping your arse with money.
Damn
Posted on 8/20/18 at 12:58 pm to member12
quote:
single exchange rate pegged to his government's
Their government issued crypto is backed by their oil reserves, however, unlike bitcoin, they can issue as many as they want. So it’s just another scheme to pick the pockets of the Venezuelan populace by their government officials, in a few different ways.
Posted on 8/20/18 at 12:58 pm to TJGator1215
quote:
What do you think SS, medicare/medicaid the military,and VA, etc are? In fact lets cur all the socialist programs in America and see what's left standing. It's too bad you've been supporting socialism your whole life under the guise of patriotism and freedom
let's go ahead and run TJGator out of this thread, by using some logic and reason.
Okay TJ, thanks for pointing out the obvious buuuuud, but what's your suggestion to solve said problem?
Posted on 8/20/18 at 1:00 pm to member12
Sean Penn approves...
This post was edited on 8/20/18 at 1:02 pm
Posted on 8/20/18 at 1:12 pm to TJGator1215
Do you need someone to explain to you that just because something is run by the government doesn't automatically make it socialism?
Posted on 8/20/18 at 1:13 pm to geauxtigahs87
quote:
Do you need someone to explain to you that just because something is run by the government doesn't automatically make it socialism?
But that often does automatically make it a giant clusterfrick.
Posted on 8/20/18 at 1:14 pm to TJGator1215
quote:
What do you think SS, medicare/medicaid the military,and VA, etc are?
Wealth redistribution systems; not socialism.
You keep repeating this and it is still wrong every time.
Posted on 8/20/18 at 1:14 pm to member12
quote:
Photos that illustrate the impact of Government in Venezuela
This post was edited on 8/20/18 at 1:15 pm
Posted on 8/20/18 at 1:15 pm to member12
quote:
But that often does automatically make it a giant clusterfrick.
“I’m with the government and I’m here to help”
This post was edited on 8/20/18 at 1:16 pm
Posted on 8/20/18 at 1:18 pm to beerJeep
I never said it wasn't failed. I said you love supporting it under the guise of patriotism and freedom. That socialist education has failed you.
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