Venezuela went from being one of the wealthiest countries in South America to a place where they can’t even get water anymore. How are they hoping to solve their currency problem?
So much for that quote from that post on Bernie Sanders’ government web page (Aug 5, 2011) that didn’t age well at all.
These days, the American dream is more apt to be realized in South America, in places such as Ecuador, Venezuela and Argentina, where incomes are actually more equal today than they are in the land of Horatio Alger. Who’s the banana republic now?
That was intended as a rhetorical question Venezuela looked awesome, and Americal looked like chumps. It didn’t take long for his thesis to backfire, did it?
His beloved Socialist leaders raped the country of its wealth, lining their own pockets in the process — like socialists have since day one — and left oridinary citizens literally digging through trash for food scraps. Chavez’s daugher was estimated to be worth $4.2 Billion back in 2015.
The old Bolivar bills are so useless…
(How Useless are they?)
They’re so useless that Venezuelans are using them for crafts.
It reads like a joke, except that it’s the real tragedy of bad ideas having worse consequences.
But don’t worry. The Venezuelan dictator who’s been killing his own citizens, with hundreds now reported dead has a ‘solution’ for the ‘little problem’ of hyperinflation making their money worthless.
They’ll just drop some zeroes off of the bank notes. They were going to drop three zeros. Now they’ll drop five.
They’ve already dropped three zeroes once before. Chavez did it in 2008.
The problem is, a lack of confidence in the value of the currency itself.
That lack of confidence makes sense, because despite the vast natural wealth of the country, socialism has so badly disrupted the economy that there is no intrinsic value in their money.
Maduro’s initial redenomination plan called for slashing three zeroes from the Strong Bolivar notes to be replaced with the Sovereign Bolivar. This new delay comes after Maduro postponed a planned June rollout until Aug. 4. Maduro also signed a decree to assign the Orinoco Oil Belt’s Ayacucho 2 Block to the central bank as a way of bolstering its international reserves. The Ayacucho 2 block contains 29.3 billion barrels of oil, he said.
A better solution would be that old homespun advice: the first thing you do when you find yourself in a hole — stop digging.
If any single art piece could capture the wave that carried DJT to the White House, this is the one…
Drain the Swamp available from the ClashDaily Store.
“I love how Trump looks confident. He’s not weepy or angry. He’s winning and doing exactly what he promised, namely, Making America Great Again. I also really enjoyed painting Comey, Obama, Hillary, Pelosi, Debbie and Anderson Cooper getting sucked down the drain. This is one of the funniest paintings I have ever painted. I couldn’t be happier and I hope these prints adorn the walls of every Trump supporter. I’m so glad Brandon Vallorani commissioned me to paint this epic, hilarious, and patriotic masterpiece.” — Doug Giles
Where can you see this fine — and hilarious — portrait?
No, you don’t have to wait until this beauty is hung in the Smithsonian. You can get your own copy of Drain the Swamp right here.
by Doug Giles
Doug Giles, best-selling author of Raising Righteous And Rowdy Girls and Editor-In-Chief of the mega-blog, ClashDaily.com, has just penned a book he guarantees will kick hipster males into the rarefied air of masculinity. That is, if the man-child will put down his frappuccino; shut the hell up and listen and obey everything he instructs them to do in his timely and tornadic tome. Buy Now:The Effeminization Of The American Male