Article

2021-03-07 Caribbean-Latin America

Hyperinflation Pushes Venezuela to Print 1,000,000-Bolivar Bills ($0.53)

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Posted by Frank G 2021-03-07 12:01|| || Front Page|| [3 views ] Top
File under: Commies

#1

Just think from Capitalism as the 4th Wealthiest Nation on Earth with the VES Bolivar (currency) trading at $0.42 to a US$ in 2010, just 11 years ago.

To 1 Million VES Bolivar bills trading at $0.53 against the US$ and now the 134th of the 148 nation on Earth.

YEP! Socialism sure worked for Venezuela.

But it seems the Upper Elite class is doing just fine.
Just like it always does in Communism, Socialism and Dictatorships.

Posted by NN2N1 2021-03-07 12:50|| 2021-03-07 12:50|| Front Page Top

#2 Well, so far they haven't reached Zimbabwe's inflation. So they've got that going for them.

Posted by Rambler in Virginia 2021-03-07 13:37|| 2021-03-07 13:37|| Front Page Top

#3 Sort of goes the way of solving the toilet paper shortage

Posted by Procopius2k 2021-03-07 13:54|| 2021-03-07 13:54|| Front Page Top

#4 The US of A will be following close behind them if something is done. Soon.

Posted by jpal 2021-03-07 14:10|| 2021-03-07 14:10|| Front Page Top

#5 ^--- missing a few zeros there. Remember this is Pelosi and Xiden we are talking about.

Posted by CrazyFool 2021-03-07 14:34|| 2021-03-07 14:34|| Front Page Top

#6 In reality these are 100,000,000,000 notes since Maduro removed 5 zeros from their previous bills. Won't be long before the Bolivar exceeds the Zimbabwe $100 trillion note. Then it will be worth something, as a collector's item.

Posted by Glesing Thrack1941 2021-03-07 16:27|| 2021-03-07 16:27|| Front Page Top

#7 next up: Scientific notation, Log10, or Ln?

Posted by Frank G 2021-03-07 16:33|| 2021-03-07 16:33|| Front Page Top

#8 All I C IZ The paper and ink are worth more than the face value of the note.

Of course, I have an eye closed, the other mad, in an elmo lock.

So 3973 of these Zimbabwean things could get me a new pair of shoe laces.

Posted by Mad Eye Elmolock3973 2021-03-07 17:26|| 2021-03-07 17:26|| Front Page Top

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