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Venezuela Orders Bank Notes by the Planeload
Msn Money ^ | Feb 4, 2016 | Kejal Vyas

Posted on 02/04/2016 10:26:59 AM PST by detective

Millions of pounds of provisions, stuffed into three-dozen 747 cargo planes, arrived here from countries around the world in recent months to service Venezuela's crippled economy.

But instead of food and medicine, the planes carried another resource that often runs scarce here: bills of Venezuela's currency, the bolivar.

(Excerpt) Read more at msn.com ...


TOPICS: Crime/Corruption; Foreign Affairs
KEYWORDS: socialism; venezuela; venezuelacrisis; venezuelacurrency
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"injecting large numbers of freshly printed notes is likely to stoke inflation, which the International Monetary Fund estimates will this year hit 720%, the world's highest rate."

This is what socialism is in real life.

1 posted on 02/04/2016 10:26:59 AM PST by detective
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To: detective

Divert the flights of $100s over from Columbia.


2 posted on 02/04/2016 10:29:07 AM PST by Scrambler Bob (/s implied, usless explicitly stated as not applying.)
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To: detective

I thought socialist utopias didn’t require money. Everyone just holds hands and sings kum bah yah with rainbows and flying unicorns powered by pixie dust.


3 posted on 02/04/2016 10:29:23 AM PST by henkster (Hillary Clinton's supporters are beginning to realize they are fettered to a corpse.)
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To: detective

Venezuela.... just when you thought it couldn’t get worse...

Venezimbabwe


4 posted on 02/04/2016 10:38:08 AM PST by GeronL (I remember when this was a conservative forum)
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To: detective
Oh, good grief, no need to go to planeloads when all you have to do is this:

Never been a trillionaire before. Wonder what it's like?

5 posted on 02/04/2016 10:40:47 AM PST by Billthedrill
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To: detective

A photo was posted of students and police clashing in San Cristobal, Venezuela within the hour.

Blogger Daniel Duquenal just returned to the country and posted yesterday that even his ‘black market man’ is unable to get him goods at this point.


6 posted on 02/04/2016 10:43:27 AM PST by Nextrush (FREEDOM IS EVERYBODY'S BUSINESS, REMEMBER PASTOR NIEMOLLER)
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To: detective

They will be needing them as toilet paper soon.

I hope they are enjoying their try at socialism, the only government system that has failed every time it has been tried.

Unlike Capitalism, which has been a rousing success every where it has been tried, even thought it creates a bunch of rich meanies who won’t share with you


7 posted on 02/04/2016 10:46:10 AM PST by Mr. K (Maybe people are poor BECAUSE they vote democrat.)
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To: detective

Yet again, Socialism Consumes Everything.


8 posted on 02/04/2016 10:46:23 AM PST by Paine in the Neck (Socialism consumes EVERYTHING)
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To: detective
is likely to stoke inflation,

IS Inflation!

9 posted on 02/04/2016 10:47:08 AM PST by arthurus (Het is waar. Tutti i liberali sono feccia.)
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To: detective

With all that inflation, they probably run out of zeros first. ;-)


10 posted on 02/04/2016 10:48:27 AM PST by r_barton (We the People of the United States...)
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To: Paine in the Neck
"Yet again, Socialism Consumes Everything."

Correct. But even worse, socialism doesn't produce anything!
It has to cannibalizes economies and nations to exist.

11 posted on 02/04/2016 10:54:35 AM PST by StormEye
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To: detective

Venezuela is Bernie’s utopia.


12 posted on 02/04/2016 11:04:18 AM PST by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: detective

As soon as the “Bolivar” hits one million to the dollar I’m going to get a few. I missed out on the Zimbabwe “dollars”.


13 posted on 02/04/2016 11:08:59 AM PST by fella ("As it was before Noah so shall it be again,")
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To: Billthedrill

I had 10 of those (1 quadrillion) but gave them away.
Everybody ask the worth and I always said 1 USD/each as that was my cost.


14 posted on 02/04/2016 11:24:42 AM PST by nicepaco
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To: nicepaco
I had 10 of those (1 quadrillion) but gave them away.

I just bought a five-pack for five bucks apiece. That's probably more than they were worth as currency. But they're going to look great framed.

15 posted on 02/04/2016 11:27:08 AM PST by Billthedrill
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To: detective

16 posted on 02/04/2016 11:29:38 AM PST by freedomlover
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To: detective

They did run out of toilet paper didn’t they?

Unfortunately for the Venezuelans who didn’t support the communist idiots running the country toilet paper will be vastly more valuable than plane loads of worthless paper that ain’t very soft.


17 posted on 02/04/2016 11:29:51 AM PST by Organic Panic
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To: Organic Panic

Toilet paper is a better store of value and even method of exchange once the currency gets too bulky.

Import TP and use it as currency is a great idea.


18 posted on 02/04/2016 11:39:55 AM PST by nicepaco
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To: detective

If Bill Gates gets his way and we all go cash less these flights would be unnecessary. Bernie could do it sitting behind a keyboard.


19 posted on 02/04/2016 11:50:49 AM PST by Cold Heart
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To: nicepaco

“I had 10 of those (1 quadrillion) but gave them away.
Everybody ask the worth and I always said 1 USD/each as that was my cost.”

Wouldn’t that be a good tax deduction? Buy them by the bucket and donate them to charity at face value?


20 posted on 02/04/2016 12:02:21 PM PST by WMarshal (Who in the Republican Party will be brave enough to name Obama a traitor?)
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