Article

2017-11-03 Caribbean-Latin America

Venezuela unveils 100,000 bolivar note, worth a few US Dollars

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Posted by Fred 2017-11-03 00:00|| || Front Page|| [3 views ] Top

Posted by 3dc 2017-11-03 01:04|| 2017-11-03 01:04|| Front Page Top

#2 "The use of the physical currency is being replaced," the socialist leader said.

... while we destroy the last remaining remnants of our economy.

Prediction: in the future, Venezuelans will refer to their currency using exponential notation. Ex: "Hey, buddy! Lend me a 8 until payday" or "Sorry, smallest I've got is a 13".

Posted by SteveS 2017-11-03 01:21|| 2017-11-03 01:21|| Front Page Top

#3 Re #2: more likely they'll refer to their future currency as "U.S Dollars", as all of their electronic replacements vanish into the ether.

Posted by PBMcL 2017-11-03 02:52|| 2017-11-03 02:52|| Front Page Top

#4 Cashless is a great way to control a society. 100% record of every transaction, easily taxed, 100% control of money. Someone you don't like, cut them off. They starve. Easy.

Posted by Harcourt Angoluting9366 2017-11-03 03:29|| 2017-11-03 03:29|| Front Page Top

#5 Print the new currency on toilet paper. That guarantees a floor to its value.

Posted by gorb 2017-11-03 05:16|| 2017-11-03 05:16|| Front Page Top

#6 They are about to default on debt repayments, which means things will get worse.

Posted by phil_b 2017-11-03 06:06|| 2017-11-03 06:06|| Front Page Top

#7 Cashless is a great way to control a society.

Tell the folks in Florida or Texas who went without power for weeks. Pre-cash societies operated by barter. I suspect post-cashless societies will operate the same.

Posted by Procopius2k 2017-11-03 07:20|| 2017-11-03 07:20|| Front Page Top

#8 Tell the folks in Florida or Texas

"Who cares as long as we're in control"

Posted by g(r)omgoru 2017-11-03 10:45|| 2017-11-03 10:45|| Front Page Top

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