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Thread: Venezuela Inflation

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    tWebber Leonhard's Avatar
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    Venezuela Inflation

    It really took off


  2. Amen Chaotic Void amen'd this post.
  3. #2
    See, the Thing is... Cow Poke's Avatar
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    wow....

    entertaining for a bit, then... wow.
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    tWebber Mountain Man's Avatar
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    "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

  5. Amen Cow Poke, DesertBerean amen'd this post.
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    See, the Thing is... Cow Poke's Avatar
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    Quote 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?
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    tWebber Starlight's Avatar
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    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.

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    tWebber
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    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.
    "We see unmistakably the sort of universe in which we have all along been living, and must come to terms with it. If we had foolish un-Christian hopes about human culture, they are now shattered. If we thought we were building up a heaven on earth, if we looked for something that would turn the present world from a place of pilgrimage into a permanent city satisfying the soul of man, we are disillusioned, and not a moment too soon." - C.S. Lewis, The Weight of Glory

  9. Amen Cow Poke, Teallaura, NorrinRadd, DesertBerean amen'd this post.
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    tWebber Teallaura's Avatar
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  11. Amen Cow Poke amen'd this post.
  12. #8
    tWebber Starlight's Avatar
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    Quote 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.

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    tWebber seer's Avatar
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    Quote 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...

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    tWebber NorrinRadd's Avatar
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    For a brief moment, I thought this was a thread about famous '80s Dodger lefty Fernando getting chubby with age.
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