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Venezuela to remove five zeroes from ailing currency
Reuters ^
| July 25, 2018 7:46 PM
| Brian Ellsworth
Posted on 07/25/2018 9:43:03 PM PDT by Olog-hai
click here to read article
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1
posted on
07/25/2018 9:43:03 PM PDT
by
Olog-hai
To: Olog-hai
2
posted on
07/25/2018 9:48:21 PM PDT
by
tinyowl
(A is A)
To: Olog-hai
Who stoops any more for a penny ?
Time we adapt our currency too
Make pennies worth a nickel
A nickel worth a dime
A dime a quarter
Quarters bucks
Bucks - 5s
And so on.
Yes kidding
3
posted on
07/25/2018 9:48:52 PM PDT
by
jcon40
(The other post before yours really nails it for me. I have been a DOithS / PC guy forever and alway)
To: Olog-hai
Wow. That solved inflation. What’s next problem to tackle? /sarc
4
posted on
07/25/2018 9:49:51 PM PDT
by
Cowboy Bob
("Other People's Money" = The life blood of Liberalism)
To: Olog-hai
Hmmm.... Is Hollywood aware of this situation?
5
posted on
07/25/2018 9:54:30 PM PDT
by
EnglishOnly
(Fight all out to win OR get out now. .)
To: Olog-hai
I have a friend from Venezuela and he tried to buy his mom the property next to hers so she could have a larger garden and the day he met with the owner of the property the value had dropped in half and he refused to sell.
He also said that people are using bitcoin to buy stuff.
6
posted on
07/25/2018 9:55:22 PM PDT
by
Slyfox
(Not my circus, not my monkeys)
To: Olog-hai
Venezuela is the prime example of how easy it is to “embrace socialism/Marxism, and how extremely difficult it is to get rid of. Dictators don’t relinquish power unless it done at the point of a gun. And it’s why the 2A is vital.
7
posted on
07/25/2018 9:55:59 PM PDT
by
vette6387
To: Cowboy Bob
> Wow. That solved inflation. Whats next problem to tackle? /sarc <
Maybe they could tackle Venezuela’s high unemployment rate. Simply define every adult in the country as a “full-time worker”. Then the unemployment rate would drop to zero.
Viva el Socialismo!
8
posted on
07/25/2018 9:56:36 PM PDT
by
Leaning Right
(I have already previewed or do not wish to preview this composition.)
To: Slyfox
Have you asked him why the Venezuelans haven’t killed Maduro yet?
9
posted on
07/25/2018 9:57:20 PM PDT
by
vette6387
To: Olog-hai
Just think about how much more money they have now.
To: Leaning Right
As we learned recently from the new ‘Rats, Venezuelans could get the unemployment down to near zero by each worker taking two jobs.
11
posted on
07/25/2018 10:00:23 PM PDT
by
C210N
(Republicans sign check fronts; 'Rats sign check backs.)
To: vette6387
12
posted on
07/25/2018 10:02:55 PM PDT
by
Slyfox
(Not my circus, not my monkeys)
To: vette6387
You would think that thousands are lined up to terminate Maduro. The problem is...once he goes...who comes in next? And if they are as big an idiot as him...it’s not solving much of anything.
The whole structure of economic balances is dissolved. Just getting some local store a supply of toilet paper to sell....is practically impossible now. If you did show up with a pick-up load of toilet paper, the pricing would probably be $20 for a six-pack of paper, and it’d be sold out in a matter of ten minutes.
The damage done here....would take years to fix.
To: Olog-hai
"....since the 2014 crash of oil prices...."
Yeah, that's what did it. Not socialism.
To: cornfedcowboy
Maybe I’m thinking about it wrong. But wouldn’t it be like going to bed with $100,000, and waking up with just $1?
Of course that house for $100,000 is also now selling for $1.
Wasn’t that a joke - something like “I love inflation. I always wanted to smoke a $25 cigar!”
15
posted on
07/25/2018 10:11:10 PM PDT
by
21twelve
To: Leaning Right
Maybe they could tackle Venezuelas high unemployment rate. Simply define every adult in the country as a full-time worker. Then the unemployment rate would drop to zero. Genius! Pure, genius. :)
16
posted on
07/25/2018 10:26:57 PM PDT
by
Cowboy Bob
("Other People's Money" = The life blood of Liberalism)
To: jcon40
We’re not far from that; Canada has already gone that route. They don’t make pennies anymore, and their dollars (and two dollars) are coins only. I see more and more small businesses here dropping the penny already, and as I understand it, it costs more than one cent to make each one.
17
posted on
07/25/2018 10:27:39 PM PDT
by
kearnyirish2
(Affirmative action is economic warfare against white males (and therefore white families).)
To: All
YEAH!!! That’ll fix everything.
Does Alexandra Occasio Cortez know about this brilliant economic miracle?
To: Olog-hai
according to the opposition-run Congress. I didn't know about this, so I need to know more about it. Any help out there?
19
posted on
07/25/2018 10:41:03 PM PDT
by
Concentrate
(ex-texan was right and Always Right was wrong, which is why we lost the election. Podesta the molest)
To: jcon40
Inflation has been about 4x since 1978 (the year I started paying attention to money) and 25x since 1913 (the year the Federal Reserve was founded to give us a stable dollar < /s>). Even at 4x the penny should be eliminated as worthless and the dollar should be a coin with $5 on the bubble as to whether it should be a coin or bill). And bring back $500 bills because $100s are too heavy for serious criminals to carry around.
20
posted on
07/25/2018 10:51:48 PM PDT
by
KarlInOhio
(I can't tell if we live in an Erostocracy (rule by sex) or an Eristocracy (rule by strife and chaos))
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