13,000 percent inflation. Now that is hyperinflation. Hopefully the Venezuelans will start printing bank notes with more zeroes so they can become collection items.
1 posted on
01/26/2018 5:05:23 AM PST by
C19fan
To: C19fan
Have they checked between the sofa cushions?
2 posted on
01/26/2018 5:06:38 AM PST by
WayneS
(An appeaser is one who feeds a crocodile, hoping it will eat him last. - Winston Churchill)
To: C19fan
3 posted on
01/26/2018 5:07:06 AM PST by
Dr. Ursus
To: C19fan
4 posted on
01/26/2018 5:07:09 AM PST by
Nailbiter
To: C19fan
Wow! Who could have predicted that! /sarc
To: C19fan
Can’t we eend Krugman and Bernie down there until they fix the place?
6 posted on
01/26/2018 5:10:36 AM PST by
Paladin2
To: C19fan
If prices double every seven weeks (about what IMF is predicting), people will be reluctant to accept currency at all and no one will hold it. That gives you a barter economy with no investment at all. In other words, Venezuela will experience the natural result of socialism.
8 posted on
01/26/2018 5:16:08 AM PST by
Pollster1
("Governments derive their just powers from the consent of the governed")
To: C19fan
13,000 percent inflation. Now that is hyperinflation. Hopefully the Venezuelans will start printing bank notes with more zeroes so they can become collection items. On a plus side, they can use the bank notes as a replacement for the lack of available toilet paper.
To: C19fan
They need to elect Sean Penn president.
Penn/Belafonte 2018. Go Commies!
10 posted on
01/26/2018 5:18:00 AM PST by
headstamp 2
(My "White Privilege" is my work ethic.)
To: C19fan
https://dolartoday.com lists the unofficial exchange rate (which is illegal to publish in Venezuela) as between 260,000 and 280,000 bolivars per dollar. The official exchange rate is still a solid 10 bolivars per dollar. 25,000 times off from reality is huge even compared to California estimated railroad costs.
12 posted on
01/26/2018 5:23:02 AM PST by
KarlInOhio
(I will not be pushed, filed, stamped, indexed, briefed, debriefed, or numbered. My life is my own.)
To: C19fan
And to CNN, its still a big mystery why this is happening. The word “Socialism” didn’t appear once in the article.
13 posted on
01/26/2018 6:11:11 AM PST by
Opinionated Blowhard
("When the people find they can vote themselves money, that will herald the end of the republic.")
To: C19fan
Maybe Zimbabwe can print the money for them since Venezuela is too broke to print their own.
14 posted on
01/26/2018 6:17:09 AM PST by
VTenigma
(The Democrat party is the party of the mathematically challenged)
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