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Chavez: New currency to be introduced (drops 3 zeros from bolivar)
yahoo ^
| Thu Feb 15,2007
Posted on 02/18/2007 7:25:46 AM PST by staytrue
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1
posted on
02/18/2007 7:25:52 AM PST
by
staytrue
To: staytrue
The three zeros he kicked out have just run around the house, and come in through the back door.
Hey, Hugo, they're baaaack!
To: staytrue
---hummm-some change--when I was there for six months in 1981, the bolivar was about four to the dollar--and people were complaining about inflation then--
3
posted on
02/18/2007 7:30:52 AM PST
by
rellimpank
(-don't believe anything the MSM states about firearms or explosives--NRA Benefactor)
To: staytrue
Chavez takes an Economics 101 class from Mugabe!
4
posted on
02/18/2007 7:33:21 AM PST
by
avacado
To: staytrue
Another Socialist paradise.
5
posted on
02/18/2007 7:35:01 AM PST
by
rocksblues
(Do unto others as they do unto you!)
To: staytrue
"A strong bolivar, a strong currency," Chavez said on his newly revamped TV show, "Hello, President." Looks like Americans not buying his oil is beginning to take it's toll on nation. When will the "Progressives" ever learn that just because you print money it doesn't mean there is anything to back that money? People that print money without the proper backing are nothing more than counterfeiters.
6
posted on
02/18/2007 7:36:24 AM PST
by
EndWelfareToday
(Live free and keep what you earn. - Tancredo or Hunter)
To: staytrue
Reminds me of the time I parked the jet in Brazilia and ran to get a cheeseburger, fries and Coke, while it was fueled up.
Not speaking Portuguese, I just pointed at what I wanted and handed the fry cook at the line shack a US $5. They pulled out a cigar box to make change and before they were through I had a hand full of the local totaling over 850,000 (and that was the change for a $5). I gave all my siblings a crisp 100,000 note that year for Christmas.
7
posted on
02/18/2007 7:37:12 AM PST
by
SampleMan
(Islamic tolerance is practiced by killing you last.)
To: staytrue
If these people were stupid enough to re-elect him, they'd probably be blind to this slight of hand. This is exactly what would happen if our leaders told us that that $100 bill in your wallet is now a dime.
8
posted on
02/18/2007 7:38:04 AM PST
by
catfish1957
(Pelosi, Kennedy, Reid, Remember those names as you firmly hold on to your pocketbook and rights.)
To: staytrue
The new Venezuelan currency:
To: staytrue
He is going to kill alot of thousands of people clinging to his dictatorship as it goes down the tubes.
Another leftist hero nutjob for the annals of history.
10
posted on
02/18/2007 7:42:51 AM PST
by
dead
(I've got my eye out for Mullah Omar.)
To: staytrue
There is a real simple way to cure inflation. In fact, it is the only way: stop borrowing money into circulation. Stop creating money from nothing whether it is by the issue of debt instruments or printing of paper currency. It is all borrowed and it is all from nothing.
It is worth noting that while Venezuela has a large amount of oil, it does not choose to use oil as an asset with which to create a reserve for its currency. In fact, not a single nation on earth has any hard asset that underpins its currency.
To: staytrue
I read some place last week that he has also announced that PDVSA (the VZ state oil company) will start paying dividends in dollars. In other words, his currency has lost all credibility.
12
posted on
02/18/2007 7:45:38 AM PST
by
livius
To: staytrue
Chavez said three zeros will be stripped from the bolivar, and banknotes and coins for the "new bolivar" would enter into circulation in early 2008.
Chavez said the measure would help fight inflation and boost the strength of the local currency.
"A strong bolivar, a strong currency," Chavez said on his newly revamped TV show, "Hello, Jackass." If you think this is brlilliant, just wait for his five-year plan to end food shortages by growing cherry tomatoes instead of big juicy decadent capitalist beefsteaks. His slogan: "More to go around!"
And then there's the plan to reduce unemployment using the very unique two-hour workweek and mandatory 51 week vacations. More jobs to go around!
13
posted on
02/18/2007 7:45:59 AM PST
by
piasa
(Attitude Adjustments Offered Here Free of Charge)
To: Malone LaVeigh
"three zeros will be stripped "
Wow! I thought the story was about Pelosi, Clinton and Kennedy!
14
posted on
02/18/2007 7:45:59 AM PST
by
Fireone
(Duncan Hunter for President '08! - gohunter08.com)
To: staytrue
Man, Scott Ott of Scrappleface nails another one . . . . wait . . . . what's that? . . . . . . this is for real?
. . . . . . . . . . . . .
Never mind.
15
posted on
02/18/2007 7:47:05 AM PST
by
savedbygrace
(SECURE THE BORDERS FIRST (I'M YELLING ON PURPOSE))
To: staytrue
Justifying the measure, Chavez argued that the country's strong economic growth of recent years, which has been fueled by high oil prices, has made Venezuela "a world economic power," and that it was psychologically damaging for $1 to be worth so many bolivars. He should see how many Democrats a dollar will buy.
Oh, wait, he already has...
16
posted on
02/18/2007 7:52:01 AM PST
by
piasa
(Attitude Adjustments Offered Here Free of Charge)
To: rocksblues
The bullet with his name on it has already been made.
17
posted on
02/18/2007 7:54:02 AM PST
by
Recon Dad
(Marine Spec Ops Dad)
To: SampleMan
The largest banknote now in circulation in Chavezland is the 50,000 bolivar note which is about 12 dollars.
18
posted on
02/18/2007 7:56:35 AM PST
by
staytrue
To: Recon Dad
You must have read my mind.
He will go the way of all thugs. He will create massive missery until the burden he causes overcomes the fear he can inflict.
His head will end up on a pike with masses cheering on the streets. Probably the very same people that elected him.
19
posted on
02/18/2007 8:00:10 AM PST
by
dangerdoc
(dangerdoc (not actually dangerous any more))
To: staytrue
--amusing--in the El Callao area where I was , the 20-b bill was the largest in circulation--I am under the impression it was the largest denomination bill at the time--(1981)
20
posted on
02/18/2007 8:00:59 AM PST
by
rellimpank
(-don't believe anything the MSM states about firearms or explosives--NRA Benefactor)
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