[C19fan]

According to a site linked by HotAir, Maduro has been running the money printing presses 24/7 increasing the money in circulation by over 200% in Oct/Nov. Part of it is maybe to get the economy a drug high for the Christmas season. http://hotair.com/archives/2016/12/01/hyperinflation-venezuelas-currency-devalued-10-this-week/

[tanuki]

Right now on DolarToday, the Bolivar is falling like a rock. Just a week ago, it hit 3,000 to the dollar. Today, it’s over 4,500.

[Paladin2]

Castro and Hugo Still Dead!

[RockyTx]

I give up

what is the exchange rate?

thanks

Rocky

[mlo]

"...fueling concerns about the crisis-stricken OPEC nation's economy"

Oh, NOW they're concerned! LOL

[lurk]

When you find the national currency available for bottom-end use beside the toilet, you know your socialist model just isn’t working out.

[econjack]

Hard to believe that even a Socialist gov't could screw things up this badly. Lake Maracaibo is a thin veneer of water on an ocean of oil and they still couldn't get it right. The reason: A planned economy. Correction: A badly planned economy. Any person or body that thinks they can solve a billion simultaneous equations per second like a free market can is deluded and Venezuela is a living example of the result.

[PGR88]

In effect, Venezuela has no currency. Their collectivist corruptocrats have destroyed it.

I have read about societies where nearly all social and civil trust is gone, yet vacuums still tend to get filled.

I wonder how Venezuelans are transacting daily life now? using US Dollars? Gold? Barter?

Here is a social-sciences experiment reaching its conclusion. I wish every Ivy League university would send their entire social-sciences graduate students to Venezuela to really learn what they BS about on paper.

[rjsimmon]

Hyper-inflation is generally a precursor to war. The collapse of a currency is similarly a causal factor. With no tangible source to tie their currency to, the value can plummet due to any political/economic/social factor.

Venezuela will be in a civil war within the year, or possibly a local war with a neighboring state.

[Chode]