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SuburbanFarmer
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by SuburbanFarmer » Thu Mar 15, 2018 10:26 am
Wheelbarrows of cash. 4,000% inflation. Government still (somehow) clinging to power. This is what happens when an economy collapses.
https://www.zerohedge.com/news/2018-03- ... ing-scales
the printing press simply cannot save the country from a death spiral, but it doesn’t mean Maduro is prepared to let go of power. He has maintained that Venezuela's problems are due to economic warfare being waged by the United States to topple the oil-rich socialist regime.
Bremmer Rodrigues, who runs a bakery on the outskirts of Caracas, said his family are at a loss over what to do with their bags of bills. “It’s a mountain of cash, every day more and more.”
...
The shrinking value of the currency has meant that withdrawing the equivalent of $5 from an ATM produces brickloads of bills. Some ATMs now need to be refilled every few hours, because the machines can only hold so much cash. This means there are often a limited number of functioning ATMs in Caracas, and long queues to withdraw money.
But the wheelbarrows-full of bills have meant paying for everyday groceries has changed in the socialist utopia.
Sounds like one of our southern neighbors is ripe for a strong-man. Just needs a nice foreign enemy, and a stockpile of natural resources. Oh...
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Speaker to Animals
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by Speaker to Animals » Thu Mar 15, 2018 12:29 pm
I read somewhere that the Zero Hedge guy worked for Russia.
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SuburbanFarmer
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by SuburbanFarmer » Thu Mar 15, 2018 1:46 pm
Speaker to Animals wrote:I read somewhere that the Zero Hedge guy worked for Russia.
I've definitely seen some Russian and American propaganda on there.
If you prefer, you can read the Bloomberg version that they're ripping off:
https://www.bloomberg.com/features/2016 ... che-index/
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clubgop
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by clubgop » Thu Mar 15, 2018 5:09 pm
GrumpyCatFace wrote:Wheelbarrows of cash. 4,000% inflation. Government still (somehow) clinging to power. This is what happens when an economy collapses.
https://www.zerohedge.com/news/2018-03- ... ing-scales
the printing press simply cannot save the country from a death spiral, but it doesn’t mean Maduro is prepared to let go of power. He has maintained that Venezuela's problems are due to economic warfare being waged by the United States to topple the oil-rich socialist regime.
Bremmer Rodrigues, who runs a bakery on the outskirts of Caracas, said his family are at a loss over what to do with their bags of bills. “It’s a mountain of cash, every day more and more.”
...
The shrinking value of the currency has meant that withdrawing the equivalent of $5 from an ATM produces brickloads of bills. Some ATMs now need to be refilled every few hours, because the machines can only hold so much cash. This means there are often a limited number of functioning ATMs in Caracas, and long queues to withdraw money.
But the wheelbarrows-full of bills have meant paying for everyday groceries has changed in the socialist utopia.
Sounds like one of our southern neighbors is ripe for a strong-man. Just needs a nice foreign enemy, and a stockpile of natural resources. Oh...
Isn't Maduro already a strong man?
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Martin Hash
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by Martin Hash » Thu Mar 15, 2018 5:10 pm
clubgop wrote:Isn't Maduro already a strong man?
I think he still has the majority of the people behind him.
Shamedia, Shamdemic, Shamucation, Shamlection, Shamconomy & Shamate Change
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Fife
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by Fife » Thu Mar 15, 2018 5:13 pm
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Martin Hash
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by Martin Hash » Thu Mar 15, 2018 5:14 pm
Google it.
Shamedia, Shamdemic, Shamucation, Shamlection, Shamconomy & Shamate Change
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clubgop
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by clubgop » Thu Mar 15, 2018 5:24 pm
Martin Hash wrote:Google it.
You maybe right but that doesn't mean he is not a strongman. Your suggestion to the contrary is LOL worthy.
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Martin Hash
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by Martin Hash » Thu Mar 15, 2018 5:28 pm
clubgop wrote:Martin Hash wrote:Google it.
You maybe right but that doesn't mean he is not a strongman. Your suggestion to the contrary is LOL worthy.
By that definition, Trump is a “strongman.” Maybe? But I always thought a Strongman kept themselves in power by force.
Shamedia, Shamdemic, Shamucation, Shamlection, Shamconomy & Shamate Change
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clubgop
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by clubgop » Thu Mar 15, 2018 5:40 pm
Martin Hash wrote:clubgop wrote:Martin Hash wrote:Google it.
You maybe right but that doesn't mean he is not a strongman. Your suggestion to the contrary is LOL worthy.
By that definition, Trump is a “strongman.” Maybe? But I always thought a Strongman kept themselves in power by force.
Force of the mob is force all the same.