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Venezuelans fight to protect their savings as government pulls bills from circulation
fusion.net ^ | 12/13/2016

Posted on 12/14/2016 9:30:43 AM PST by Tilted Irish Kilt

CARACAS— Venezuelans are rushing to the banks this week in a desperate attempt to protect their savings from the government’s latest spasm of reckless financial policymaking.

On Tuesday morning thousands of people across Venezuela played hooky from work to line-up outside banks and deposit bundles of cash into their savings accounts
after the government gave everyone a 72-hour countdown to turn in all their 100 bolivar notes before they’re removed from circulation.

“I’ve been saving for so long, withdrawing money every week and for what? Nothing!” complained José Orozco, who was holding a backpack full of money as he stood in line.

(Excerpt) Read more at fusion.net ...


TOPICS: Business/Economy; Miscellaneous; Society; Travel
KEYWORDS: bankrun; cash; currency; savings; venezuelacrisis; venezuelans
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The 100 bolivar note, the highest denomination of Venezuelan currency, is currently worth about 3 cents on the U.S. dollar.
But Venezuela’s government announced on Sunday that it is removing the bills from circulating because they’re being purchased in bulk
by “international mafia groups” that are allegedly trying to “overthrow” the struggling socialist government by hoarding money abroad and starving Venezuela of cash.
1 posted on 12/14/2016 9:30:43 AM PST by Tilted Irish Kilt
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To: Tilted Irish Kilt

Why don’t they overthrow the government?


2 posted on 12/14/2016 9:33:17 AM PST by Brilliant
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To: Tilted Irish Kilt

Someone with a thousand USD could buy Venezuela.


3 posted on 12/14/2016 9:33:55 AM PST by SkyDancer (Ambtion Without Talent Is Sad - Talent Without Ambition Is Worse)
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To: Brilliant

You know why not.

L


4 posted on 12/14/2016 9:36:19 AM PST by Lurker (America burned the witch.)
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To: Brilliant
Brilliant :" Why don’t they overthrow the government? "

They have already been disarmed
The currency is almost worthless
And the Government has closed the border to Columbia
where citizens used to go to provide essential services and goods.
If you visit , bring your own toilet paper, or use the local currency

5 posted on 12/14/2016 9:36:34 AM PST by Tilted Irish Kilt (Immigration is a priveledge ,.... not a right ! Tell that to O'Bungler and the U.N.)
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To: Tilted Irish Kilt

See, see those greedy capitalist pigs again! Socialism would work if it weren’t for those rich bastards!


6 posted on 12/14/2016 9:39:48 AM PST by Extremely Extreme Extremist (Democracy is the backup QB to a dictatorship)
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To: Tilted Irish Kilt
Hooray for socialism! Hooray...

...

...

...idiots...

7 posted on 12/14/2016 9:40:56 AM PST by WayneS (An appeaser is one who feeds a crocodile, hoping it will eat him last. - Winston Churchill)
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To: Brilliant

Why don’t they overthrow the government?


It’s like buying a BB gun. Someone’s losing an eye. It’s just not worth it. The don’t have the American spirit.

Maybe we could send the Bundy family down there. :-)


8 posted on 12/14/2016 9:42:42 AM PST by Mr. Douglas (Today is your life. What are you going to do with it?)
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To: Tilted Irish Kilt

The 100 bolivar note, the highest denomination of Venezuelan currency, is currently worth about 3 cents on the U.S. dollar.


I MIGHT give them a penny for one, just as a souvenir.


9 posted on 12/14/2016 9:43:25 AM PST by Mr. Douglas (Today is your life. What are you going to do with it?)
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To: WayneS

LOL. I could be wrong but wasn’t this guy elected in a mostly fair election?


10 posted on 12/14/2016 9:43:35 AM PST by dp0622 (IThe only thing an upper crust conservative hates more than a liberal is a middle class conservative)
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To: SkyDancer

Venezuela - Detroit, if it were a Country.


11 posted on 12/14/2016 9:43:47 AM PST by Army Air Corps (Four Fried Chickens and a Coke)
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To: Tilted Irish Kilt

Obviously this doesn’t apply to the ruling elite, which has all it wants.
The inevitable result of communism.


12 posted on 12/14/2016 9:47:07 AM PST by I want the USA back (Lying Media: completely irresponsible. Complicit in the destruction of this country.)
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To: Extremely Extreme Extremist
Extremely Extreme Extremist :" See, see those greedy capitalist pigs again!
Socialism would work if it weren’t for those rich bastards!"

Let's send "Bernie "
if we can tear him away from the cottage !
If he can't fix it ..
..he'll at least talk them to death about the values of Socialism !

13 posted on 12/14/2016 9:48:19 AM PST by Tilted Irish Kilt (Immigration is a priveledge ,.... not a right ! Tell that to O'Bungler and the U.N.)
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To: dp0622

Just because he was elected fairly does not mean he isn’t a socialist.

Look at all the democrats in congress.


14 posted on 12/14/2016 9:49:14 AM PST by WayneS (An appeaser is one who feeds a crocodile, hoping it will eat him last. - Winston Churchill)
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To: dp0622

The opposition claimed at the time it was stolen.

Nevertheless, Hugo Chavez was elected in a fair election. Hugo Chavez was supposed to be in jail for a coup attempt, and some idiot president pardoned Chavez, shooting himself in the foot.


15 posted on 12/14/2016 9:50:51 AM PST by TTFX
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To: I want the USA back
I want the USA back :"Obviously this doesn’t apply to the ruling elite, which has all it wants.
The inevitable result of communism."

Why do you think the only guns are owned by the military ?
With the citizens disarmed , you can get anything you want ..
at the end of a gun barrel .

16 posted on 12/14/2016 9:51:24 AM PST by Tilted Irish Kilt (Immigration is a priveledge ,.... not a right ! Tell that to O'Bungler and the U.N.)
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To: dp0622
dp0622 :" LOL. I could be wrong but wasn’t this guy elected in a mostly fair election? "

Yes. I think it is referred to as "Gun barrel democracy" by the elite !

17 posted on 12/14/2016 9:53:55 AM PST by Tilted Irish Kilt (Immigration is a priveledge ,.... not a right ! Tell that to O'Bungler and the U.N.)
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To: Tilted Irish Kilt

I can think if several socialist Hollywood types that I hope lost millions in US dollars holding Venezuelan currency that is now worth zippo!!!


18 posted on 12/14/2016 9:55:52 AM PST by GOPe Means Bend Over Spell Run (GO GALT - VOTE TRUMP!!!)
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To: WayneS; dp0622
WayneS :" Just because he was elected fairly does not mean he isn’t a socialist.
Look at all the democrats in congress."

Better yet, look to libturd ..Vermont !
Their neighboring State of New Hampshire's motto is :
"Live Free ,..or Die" !

19 posted on 12/14/2016 9:58:13 AM PST by Tilted Irish Kilt (Immigration is a priveledge ,.... not a right ! Tell that to O'Bungler and the U.N.)
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To: Brilliant

Because very few people besides the government goons have weapons.


20 posted on 12/14/2016 9:58:25 AM PST by Blood of Tyrants (Conservatives love America for what it is. Liberals hate America for the same reason.)
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