You can now be a ‘millionaire’ in Venezuela for 50 cents

All it takes to be a millionaire in Venezuela is a few American pennies: the beleaguered South American country’s economy is so bad, they’re introducing a million bolivar note worth roughly 53 cents.
. . . The move comes as hyperinflation has made smaller bills superfluous and worthless – and most citizens are “turning to the U.S. dollar for everyday transactions,” Bloomberg notes, adding “About 66 percent of transactions across the country are (now) estimated to be made in foreign currency.”

Venezuelan president Nicolas Maduro has claimed he is going to make the country the world’s first fully digital economy, in an attempt to fight the inflation which ballooned to more than 3000 percent last year.

NY Post Article

Venezuela's currency has lost 99.999% of its value during the six years of hyperinflation, forcing the country to issue larger banknotes. On Friday, the nation's central bank announced new plans to unveil the highest valued banknote of one million bolivars.

Zero Hedge Article

This would be the next step to follow in Venezuela to get an idea of what is to come next in our Democratic Socialist States of American.

I'll be putting this one in my Venezuela history lesson thread. That will give you a good outline to follow for what is happening here. Once the gun grab is taken care of, the rest is just around the corner.

Venezuela - A Real Time History Lesson

The great reset in action. Inflate the money until is has no value and impose an electronic currency to replace it.

a reply to: MichiganSwampBuck

Once the gun grab is taken care of

I've often wondered about the logic of that.

"What can I do to improve the nation ? " hmmmmm..." I Know !! Let's piss off 110 million heavily armed people"

originally posted by: MichiganSwampBuck

All it takes to be a millionaire in Venezuela is a few American pennies: the beleaguered South American country’s economy is so bad, they’re introducing a million bolivar note worth roughly 53 cents.
. . . The move comes as hyperinflation has made smaller bills superfluous and worthless – and most citizens are “turning to the U.S. dollar for everyday transactions,” Bloomberg notes, adding “About 66 percent of transactions across the country are (now) estimated to be made in foreign currency.”

Venezuelan president Nicolas Maduro has claimed he is going to make the country the world’s first fully digital economy, in an attempt to fight the inflation which ballooned to more than 3000 percent last year.

NY Post Article

Venezuela's currency has lost 99.999% of its value during the six years of hyperinflation, forcing the country to issue larger banknotes. On Friday, the nation's central bank announced new plans to unveil the highest valued banknote of one million bolivars.

Zero Hedge Article

This would be the next step to follow in Venezuela to get an idea of what is to come next in our Democratic Socialist States of American.

I'll be putting this one in my Venezuela history lesson thread. That will give you a good outline to follow for what is happening here. Once the gun grab is taken care of, the rest is just around the corner.

Venezuela - A Real Time History Lesson

The great reset in action. Inflate the money until is has no value and impose an electronic currency to replace it.

Enjoyed reading some of those replies in the old thread, "The economic or political model in operation in a country has very little to do with the outcome or future of that country." I guess that's why there are 0 successful communist countries hahahaha, and I guess dictatorships can be successful, happy nations!

a reply to: MichiganSwampBuck

This is what happens when countries go down the path of state ownership of oil.

The western deep state oligarchs don't like it and tend to either invade them or destabilise their economies. Read up about Iraq, Libya and Iran if you're in any doubt.

Since the US government isn't planning on nationalising it's oil reserves i doubt you have anything to worry about.

I’m off to Venezeula.

I figure if i take 50 rolls of toilet paper they will make me the King as soon as i step off the boat.

a reply to: Ohanka

More likely you will be detained and jailed for bringing contraband into the country for black market sales. They will confiscate your tp and you won't have any to use in prison. Meanwhile you become political leverage as the U.S. tries to save your poop covered ass.

originally posted by: jamespond
a reply to: MichiganSwampBuck

This is what happens when countries go down the path of state ownership of oil.

The western deep state oligarchs don't like it and tend to either invade them or destabilise their economies. Read up about Iraq, Libya and Iran if you're in any doubt.

Since the US government isn't planning on nationalising it's oil reserves i doubt you have anything to worry about.

Good points. I hadn't thought of it that way. Makes a lot of sense, thanks.

a reply to: MichiganSwampBuck

The Joe Biden model for Blutopia...

Happy days!

originally posted by: Tekner

Enjoyed reading some of those replies in the old thread, "The economic or political model in operation in a country has very little to do with the outcome or future of that country." I guess that's why there are 0 successful communist countries hahahaha, and I guess dictatorships can be successful, happy nations!

Name me one communists country that A) wasn't already dirt poor before it became communist, and B) that's actually been allowed to succeed or fail on its own merits?

Most communist countries were already in the toilet before communism (it's usually the reason that they went communist in the first place) , and once they went communist the rest of the world deliberately tried to ruin them economy through sanctions, trade restrictions and by fermenting rebellion.

The US even deliberately tried to ruin countries that were forced into communism through war and invasion like Poland and Hungry.

No communist country has ever been given a chance to succeed. Just look at Cuba, it's under so many restrictions that it can never improve it's ecomony because it's not allowed to trade freely with the rest of the world.

a reply to: DAVID64

God D, thanks! Way to put it

a reply to: AaarghZombies

No communist country has ever been given a chance to succeed. 

Erm, China?

originally posted by: DAVID64
a reply to: MichiganSwampBuck

Once the gun grab is taken care of

I've often wondered about the logic of that.

"What can I do to improve the nation ? " hmmmmm..." I Know !! Let's piss off 110 million heavily armed people"

To be honest, this is something of a broken record.

Every time a Democrat gets into office people start wailing about gun grabs, but they never actually happen. Primarily because the Democrats don't think that it would be a successful policy. It won't solve anything so the don't bother.

Obama didn't grab your guns, Clinton didn't grab your guns, and neither will Biden. Just like Trump didn't make it illegal to be trans, and Bush didn't round up the Muslims and put them in camps. It's the equivalent of an urban legend.

originally posted by: mysterioustranger
a reply to: DAVID64

God D, thanks! Way to put it

Are you still under the impression that a gun grab is not on the agenda?

a reply to: MichiganSwampBuck

Venezuela

The pride of AOC and Omar.

However, both fail to recognize that the Green New Deal CO2 push will also be the end of the line for Venezuela as all they have is oil reserves.

Why cant these representative see down the road.

originally posted by: MichiganSwampBuck
The great reset in action. Inflate the money until is has no value and impose an electronic currency to replace it.

Electronic currency values can be more easily manipulated. Anything done in a backroom for that matter. Especially in an environment where there's no accountability.

The US has crossed that threshold ... given what we all witnessed. I can't believe my eyes when I read that 38% of the winners believe that was rigged.

Rigged Elections + Rigged Economies = bad news for people who are unable to barter

When they go for the water supply, it'll be a day late to anything about it.

originally posted by: Snarl

originally posted by: MichiganSwampBuck
The great reset in action. Inflate the money until is has no value and impose an electronic currency to replace it.

Electronic currency values can be more easily manipulated. Anything done in a backroom for that matter. Especially in an environment where there's no accountability.

The US has crossed that threshold ... given what we all witnessed. I can't believe my eyes when I read that 38% of the winners believe that was rigged.

Rigged Elections + Rigged Economies = bad news for people who are unable to barter

When they go for the water supply, it'll be a day late to anything about it.

Ah yes, the water supply, something they had plenty of when they built all those hydro-dams. I had only thought of the food staples and medical supplies, but water, that is a definite consideration. Good point, thanks.

a reply to: AaarghZombies

Every time a Democrat gets into office people start wailing about gun grabs, 

With good reason...

The rest of your post is meaningless.

a reply to: MichiganSwampBuck

Privatised water sources have been a thing for a while now. It will no doubt get worse.

I know, you can't make it up.

The evil is rampant.

a reply to: AaarghZombies

If you were actually being honest you would quote the already unconstitutional Brady Act, "red flag" and other gun right removal laws....now including some misdemeanors.
But you aren't being honest/informed.

originally posted by: AaarghZombies

originally posted by: Tekner

Enjoyed reading some of those replies in the old thread, "The economic or political model in operation in a country has very little to do with the outcome or future of that country." I guess that's why there are 0 successful communist countries hahahaha, and I guess dictatorships can be successful, happy nations!

Name me one communists country that A) wasn't already dirt poor before it became communist, and B) that's actually been allowed to succeed or fail on its own merits?

Most communist countries were already in the toilet before communism (it's usually the reason that they went communist in the first place) , and once they went communist the rest of the world deliberately tried to ruin them economy through sanctions, trade restrictions and by fermenting rebellion.

The US even deliberately tried to ruin countries that were forced into communism through war and invasion like Poland and Hungry.

No communist country has ever been given a chance to succeed. Just look at Cuba, it's under so many restrictions that it can never improve it's ecomony because it's not allowed to trade freely with the rest of the world.

OH so communism is unable to pull countries OUT of poverty, I see, I guess maybe they should just start with capitalism and THEN destroy themselves with communism. Good one