Posted on 07/25/2018 9:43:03 PM PDT by Olog-hai
“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 even sadder part of it all is that the current situation in Venezuela is the story of most, if not all of the countries to the south of our southern border all the way to Tierra del Fuego! I doubt yo can find a country in that whole area that has not undergone the sort of “extended leadership failure”( read dictatorship) in our lifetimes. It would seem to be an endemic problem for “southern Europeans” (i.e. Spaniards and Portuguese) to be able to successfully govern. Instead, their citizens see their “salvation” in coming to America, then once here, wanting to implement the kinds of “leadership” and “leaders” that caused them to come here in the first place. So, if we fail to seal our souther border, we can ultimately look forward to America becoming just like the rest of our Hemisphere, because whatever they lack in the ability to govern, they more than make up for in their ability to reproduce. And they won’t have any difficulty with Canada, because it’s full of feckless Socialists already who don’t have the kind of spirit of freedom that we had in the beginning.
I think it was in 2016 that the non-Chavez/Maduro opposition got a majority in their legislature but it has become a powerless body. The regime has full control over the judiciary and they, at first tried to invalidate the elections but that caused enough internal & external protest to force the government to back off.
Then Maduro called for elections to an 'alternative' legislature that was exclusively for candidates of his own partisans. The election was widely viewed as a complete scam but he is able to use it for the legal cover typical of such Potemkin operations. With the exception of Cuba, Venezuela is the most condemned government by the OAS.
Note the blatant disregard and memory hole characterization of Venezuela by its famous Hollywood and LEFTist friends from former years. Their poster child of Socialism has become the new poster child of what happens when Socialism succeeds!
Ain’t socialism grand?
1. An economic system where a roll of toilet paper is worth more than a roll of money and everything is 'free' but nothing is available
2. An economic fairy tale posing as an actual working economic system
3. Tyranny disguised as "democracy"
4. The Democrat Party answer to "everything"
This is actually a good idea. Both the penny and the nickel actually cost the treasury more than a penny and nickel respectively to mint and issue. Also, given our minimum wage laws, even if a worker were to bill by the minute, the smallest increment would a dime. i.e., if you are paid .10¢/minute, you are only making $6/hour.
Here's what I think we ought to do from a monetary perspective:
The biggest problem with dropping the nickel is that it can cause rounding issues. (i.e., a dime won't divide evenly into a quarter. There used to be half-dimes, but they were not favored in circulation, mostly because of size issues. At the time we had actual constitutional money.)
You’ve got it wrong my friend. The $100,000 house you own now sells for $10 million today. Maybe $50 million tomorrow. It is a great way to live.......no?
Back when gold was freed to seek its own level, there were a lot of articles about the destruction of wealth via paper money.
One I remember was one by a French woman who renovated her folks’ home some years after WWII. They removed a chimney and found wads of now-worthless francs in one of the nooks. She said she wept when she thought of how her family scrimped and saved over the years, only to see it evaporate overnight.
In 1960 the Franc was at 420 to the dollar. They shifted the decimal point over two positions to return to the old pre-war ratio of 4.2 to the dollar.
I get that - so I guess it doesn’t really matter if you lop off a bunch of zeros or not. Other than to still be able to use cash that means something?
I recall my high school history teacher telling of folks in Germany before WWII taking wheelbarrows full of cash to buy stuff. And then people stealing the wheelbarrow and leaving the cash! Perhaps just an tall story, but drives home the point that what is physical is worth something.
I suppose the barter system is big in Venezuela?
It is probably easier to re-adjust the value of the denominations (deflation so pennies and nickels actually buy stuff again). It is just a bad sign when your lower denominations disappear; while people remember the Spanish peseta and Italian lira, many don’t know that in decades past they had “cents” as well - and they ALL disappeared. For Italian lira, the lowest denomination may have been 10 lira by the time they were replaced by the Euro - and Italian billionaires became mere millionaires.
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