Venezuelans fight to protect their savings as government pulls bills from circulation

fusion.net ^ | 12/13/2016

[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.

[Tilted Irish Kilt]

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.

[Brilliant]

Why don’t they overthrow the government?

[SkyDancer]

Someone with a thousand USD could buy Venezuela.

[Lurker]

You know why not.

L

[Tilted Irish Kilt]

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

[Extremely Extreme Extremist]

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

[WayneS]

Hooray for socialism! Hooray...

...

...

...idiots...

[Mr. Douglas]

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. :-)

[Mr. Douglas]

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.

[dp0622]

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

[Army Air Corps]

Venezuela - Detroit, if it were a Country.

[I want the USA back]

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

[Tilted Irish Kilt]

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 !

[WayneS]

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

Look at all the democrats in congress.

[TTFX]

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.

[Tilted Irish Kilt]

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 .

[Tilted Irish Kilt]

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 !

[Tilted Irish Kilt]

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" !

[Blood of Tyrants]

Because very few people besides the government goons have weapons.