The International Monetary Fund has severe concerns for struggling Venezuela THE currency is virtually worthless and airlines have stopped flying in and out. Now this South American country is being deserted. http://www.news.com.au/travel/trave...a/news-story/dc63146d8e355ba1e7e7d19e5e87b35b THE International Monetary Fund has expressed grave concerns over Venezuela’s unending political crisis, warning it sees “no end” to the economic downturn and suffering of the population. Venezuela “remains in a full-blown economic, humanitarian, and political crisis with no end in sight,” the Fund said in a report on Latin American economies. (More at above url)
" Venezuelans are told their expired passports will be valid for another two years after country runs out of paper and ink to print new ones" http://www.dailymail.co.uk/news/article-4972088/Venezuela-runs-paper-ink-print-new-passports.html
"IMF Says Venezuela's Inflation Rate May Rise Beyond 2,300% in 2018" https://www.bloomberg.com/news/arti...an-inflation-rate-rising-beyond-2-300-in-2018
https://www.nytimes.com/2017/09/02/...holas-maduro-inflation-economic-collapse.html " But Ms. Soler’s main fear, she says, is the price going beyond what she can afford. “Before it was cheap; you just had to wait six hours in line,” she said. “Now you might get it, but it’s expensive.”
https://www.forbes.com/sites/timwor...afford-to-pay-for-its-own-money/#7d24b3846366 "Venezuela, in other words, is now so broke that it may not have enough money to pay for its money. This rather reminded me of an older story: Zimbabwe's central bank promised yesterday to issue large denomination travellers' cheques to ease a chronic cash shortage, caused because the nation cannot afford many of the printing inks. However, many traders said they would refuse to accept the cheques, which were still not widely available yesterday. "Sorry, they haven't arrived yet," said a teller at a branch of Standard Chartered Bank. The cheques are supposed to be available from all branches of mainstream banks, but those canvassed yesterday said they had had no deliveries yet from the Reserve Bank of Zimbabwe. The nation is running out of cash. An inflation rate approaching 400 per cent has devalued notes in circulation and many people have begun to hoard money. The country is so short of hard currency that it cannot afford many of the inks required to print higher denomination notes. In fact in Zimbabwe, by the end, they were only printing on one side of the notes. And even then, the last run of bank notes wasn't worth enough to buy the ink and paper for the next run of banknotes. Which is when they finally gave in and just said use whatever other money anyone might have, rand, dollars, euros, anything. So it looks like the Bolivarian socialists have managed to screw up an economy as badly as Robert Mugabe screwed up his." Socialism,isn't it wonderful where ever it shows it's ugly head...yaaaaaayyy !
This is a minor inconvenience compared to the vast benefits of chasing out all the hated whites who made the country quite prosperous when it was known as Rhodesia. Now it can't feed itself, but at least they got some social justice. Also the thug leader Mugabe became vastly rich. Public service tends to pay quite well in black Africa.
LOL, now thats funny, one of the most oil rich countries in the world is now so broke they cant even afford to print money, communism is awesome. "Venezuela, in other words, is now so broke that it may not have enough money to pay for its money.
Bernie and the left want the U.S. to be just like Venezuela... As hunger grips a Venezuela in economic crisis, doctors are seeing children die in record numbers. The government knows, but won’t admit it. Sunday, December 17, 2017 11:11 AM EST For five months, The New York Times tracked 21 public hospitals in Venezuela. Doctors are seeing record numbers of children with severe malnutrition. Hundreds have died. https://www.nytimes.com/interactive...20171217&nl=top-stories&nlid=54641335&ref=cta
"gwb-trading, post: 4566729, member: 9113"]Bernie and the left want the U.S. to be just like Venezuela... As hunger grips a Venezuela in economic crisis, doctors are seeing children die in record numbers. The government knows, but won’t admit it. Sunday, December 17, 2017 11:11 AM EST For five months, The New York Times tracked 21 public hospitals in Venezuela. Doctors are seeing record numbers of children with severe malnutrition. Hundreds have died. https://www.nytimes.com/interactive...20171217&nl=top-stories&nlid=54641335&ref=cta[/QUOTE] gawd.