Article

2018-03-24 Caribbean-Latin America

Venezuela hopes to tackle the world's worst inflation by deleting zeros from its currency

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Posted by Frank G 2018-03-24 13:16|| || Front Page|| [8 views ] Top
File under: Commies

#1 Can I do this with my mortgage?

Posted by Anomalous Sources 2018-03-24 16:07|| 2018-03-24 16:07|| Front Page Top

#2 "where a dozen eggs can cost 250,000 bolivars ($5)"

Perfect! Before, non-existing eggs cost 250,000, now they cost 250!

All you need now is a 5 dollar note and the eggs will magically appear.

Posted by European Conservative 2018-03-24 16:25|| 2018-03-24 16:25|| Front Page Top

#3 Come on!
They are going to save ink and paper by printing nothing (0).

Posted by Skidmark 2018-03-24 16:29|| 2018-03-24 16:29|| Front Page Top

#4 When stores use scales to weigh paper currency, superfluous zeros are not the problem.

Posted by Iblis 2018-03-24 16:36|| 2018-03-24 16:36|| Front Page Top

#5 I Vet told me about using South Vietnamese currency for toilet paper... Mama-San at the local bordello was very appreciative if you showed up with a bag of soap, shampoo and toilet paper that he had bought at the PX. So many people confuse money with value.

Posted by magpie 2018-03-24 16:43|| 2018-03-24 16:43|| Front Page Top

#6 I remember 25 cents gasoline, when McD's hamburger, fries and a small drink were 15 cents each. The only difference between their economic experts and ours is time/velocity with which they devalue currency. It's not the price of things going up as the value of your money going down.

Posted by Procopius2k 2018-03-24 17:09|| 2018-03-24 17:09|| Front Page Top

#7 It's not the price of things going up as the value of your money going down.
Posted by Procopius2k

Exactly! And at the root of it all is a government that borrows yuge sums of money driving savings interest below annual inflation rates, and even lower. Banks don't need or want our deposits, they get their money at nearly no cost from the government.

Posted by Besoeker 2018-03-24 17:17|| 2018-03-24 17:17|| Front Page Top

#8 @ #6 - I think inflation has also hit the average weight of the "average American".

@ #5 - Exactly. Anything can be used as a medium of exchange. And, it has been said, that it is all about confidence (or perception). Why was gold a good $1700 a few years ago and now around $1100?

Posted by Clem 2018-03-24 19:40|| 2018-03-24 19:40|| Front Page Top

#9 MP, did the vet tell you about mama using the soap to wash the currency she got from selling her girl children?

Posted by Skidmark 2018-03-24 21:55|| 2018-03-24 21:55|| Front Page Top

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