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Venezuela Inflation

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  • Venezuela Inflation

    It really took off


  • #2
    wow....

    entertaining for a bit, then... wow.
    "Neighbor, how long has it been since you’ve had a big, thick, steaming bowl of Wolf Brand Chili?”

    Comment


    • #3
      "I would like a Big Mac, please."
      "That will be $17,642,938.76."
      Some may call me foolish, and some may call me odd
      But I'd rather be a fool in the eyes of man
      Than a fool in the eyes of God


      From "Fools Gold" by Petra

      Comment


      • #4
        Originally posted by Mountain Man View Post
        "I would like a Big Mac, please."
        "That will be $17,642,938.76."
        You want fries with that?
        "Neighbor, how long has it been since you’ve had a big, thick, steaming bowl of Wolf Brand Chili?”

        Comment


        • #5
          That is very sad for the people in Venezuela. My thoughts are with them. It must be very hard on them. Apparently they are now using other currencies for most transactions as a substitute.

          Comment


          • #6
            Venezuela's economy = train wreck. Not to a good thing, especially given how the volume of natural resources they have. It's gonna be a wild ride.
            "If you believe, take the first step, it leads to Jesus Christ. If you don't believe, take the first step all the same, for you are bidden to take it. No one wants to know about your faith or unbelief, your orders are to perform the act of obedience on the spot. Then you will find yourself in the situation where faith becomes possible and where faith exists in the true sense of the word." - Dietrich Bonhoeffer, The Cost of Discipleship

            Comment


            • #7

              "He is no fool who gives what he cannot keep to gain that which he cannot lose." - Jim Elliot


              "Forgiveness is the way of love." Gary Chapman

              My Personal Blog

              My Novella blog (Current Novella Begins on 7/25/14)

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              • #8
                Originally posted by myth View Post
                Venezuela's economy = train wreck. Not to a good thing, especially given how the volume of natural resources they have.
                Their economy has never been well-balanced, because they have more extractable-resources (like petroleum) than they need, but don't have good terrain for crop growing etc. So they have always depended on exporting mined resources and importing food and other goods. At their most recent peak (2017) they were exporting about $28B US in goods and importing $9B in goods per year.

                The US had been their top trading partner with regard to both exports and imports, and so the recent US policy changes toward shutting down trade with Venezuela due to an ideological dislike of their government have pretty much crippled the country.

                Comment


                • #9
                  Originally posted by Starlight View Post
                  Their economy has never been well-balanced, because they have more extractable-resources (like petroleum) than they need, but don't have good terrain for crop growing etc. So they have always depended on exporting mined resources and importing food and other goods. At their most recent peak (2017) they were exporting about $28B US in goods and importing $9B in goods per year.

                  The US had been their top trading partner with regard to both exports and imports, and so the recent US policy changes toward shutting down trade with Venezuela due to an ideological dislike of their government have pretty much crippled the country.
                  So blame the US! It goes much deeper and you know it Star...

                  In 2018, the United Nations High Commissioner for Human Rights (OHCHR) documented that "information gathered indicates that the socioeconomic crisis had been unfolding for several years" before international sanctions,[22] with Michelle Bachelet saying in 2019 that the social and economic crisis was dramatically deteriorating, the government had not acknowledged or addressed the extent of the crisis, and she expressed concern that although the "pervasive and devastating economic and social crisis began before the imposition of the first economic sanctions", the sanctions could worsen the situation.[23][24] National and international analysts and economists have stated that the crisis is not the result of a conflict, natural disaster or sanctions but the consequences of populist policies and corrupt practices that began under the Chávez administration's Bolivarian Revolution and continued under the Maduro administration.

                  https://en.wikipedia.org/wiki/Crisis_in_Venezuela
                  Atheism is the cult of death, the death of hope. The universe is doomed, you are doomed, the only thing that remains is to await your execution...

                  https://www.youtube.com/watch?v=Jbnueb2OI4o&t=3s

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                  • #10
                    For a brief moment, I thought this was a thread about famous '80s Dodger lefty Fernando getting chubby with age.
                    Geislerminian Antinomian Kenotic Charispneumaticostal Gender Mutualist-Egalitarian.

                    Beige Nationalist.

                    "Everybody is somebody's heretic."

                    Social Justice is usually the opposite of actual justice.

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                    • #11
                      Originally posted by Starlight View Post
                      That is very sad for the people in Venezuela. My thoughts are with them. It must be very hard on them. Apparently they are now using other currencies for most transactions as a substitute.
                      Originally posted by Starlight View Post
                      The US had been their top trading partner with regard to both exports and imports, and so the recent US policy changes toward shutting down trade with Venezuela due to an ideological dislike of their government have pretty much crippled the country.
                      Open with sympathy, then push full force to Blame America First.
                      "Neighbor, how long has it been since you’ve had a big, thick, steaming bowl of Wolf Brand Chili?”

                      Comment


                      • #12
                        Originally posted by Cow Poke View Post
                        Open with sympathy, then push full force to Blame America First.
                        And the fact that there were international sanctions, not just the US.
                        Atheism is the cult of death, the death of hope. The universe is doomed, you are doomed, the only thing that remains is to await your execution...

                        https://www.youtube.com/watch?v=Jbnueb2OI4o&t=3s

                        Comment


                        • #13
                          Originally posted by myth View Post
                          Venezuela's economy = train wreck. Not to a good thing, especially given how the volume of natural resources they have. It's gonna be a wild ride.
                          They are reaping the fruits of socialism and a government controlled economy.
                          Some may call me foolish, and some may call me odd
                          But I'd rather be a fool in the eyes of man
                          Than a fool in the eyes of God


                          From "Fools Gold" by Petra

                          Comment


                          • #14
                            Considering the sudden infatuation with socialism by our youth it would be really useful if there were some historic and present day examples of just how much a failure that system is when it has been implemented.

                            I'm always still in trouble again

                            "You're by far the worst poster on TWeb" and "TWeb's biggest liar" --starlight (the guy who says Stalin was a right-winger)
                            "Of course, human life begins at fertilization that’s not the argument." --Tassman

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                            • #15
                              Originally posted by myth View Post
                              Venezuela's economy = train wreck. Not to a good thing, especially given how the volume of natural resources they have. It's gonna be a wild ride.
                              IIRC back in the 50s Venezuela was among the top ten richest countries in the world. It sure didn't take long for Chavez and Maduro to turn the country into an economic basket case.

                              My prayers for the poor people forced to endure this.

                              I'm always still in trouble again

                              "You're by far the worst poster on TWeb" and "TWeb's biggest liar" --starlight (the guy who says Stalin was a right-winger)
                              "Of course, human life begins at fertilization that’s not the argument." --Tassman

                              Comment

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