Venezuela Doesn't Have Enough Money to Pay for Its Money [Bloomberg Link Only]

Bloomberg [Link Only] ^ | April 27, 2016 | Andrew Rosati

[C19fan]

here

[C19fan]

The Chavistas have not gone the route of adding more zeroes to the currency to keep up with inflation yet.

[Jan_Sobieski]

Feel’in the Bern!

[HomerBohn]

Hillary will do the same thing for our pitiful country. With Hillary in the White Hut, Obama will be on the Soopreme Kort.

[Vendome]

No Dineros por Dollares...

Interesting

[Zathras]

Van Jones work is done.

[ManHunter]

Here’s an idea for ya: President Trump appoints Comrade Sanders as the US Ambassador to Venezuela. He’ll fit right in and he can show them how to make socialism work for the “little people”. /s/

[Yo-Yo]

What, they can’t pay their Kinkos bill?

[RegulatorCountry]

Basically, yes.

[DuncanWaring]

Zimbabwe had the same problem a decade ago - didn’t have anything of value to trade for paper and ink.

[Billthedrill]

I paid five bucks for a $100 trillion Zimbabwe bill last year just to have one. Beautiful thing, really. Joke's on me - they're honoring them again, and the thing is worth about 40 cents.

It doesn't surprise me that socialists can screw up an economy, what astonishes me is that they always seem to find another crowd of gullibles willing to give them another chance. That guy with the Bernie bumper sticker? Yep. Him.

[DCBryan1]

NO HAY LUZ!

LOL....socialists voting for socialism are finding out what happens when you run out of other peoples money.

We should be air-dropping knives, sharpsticks, pistols, rifles, anything to get the people to violently turn on the commies.

[DCBryan1]

I have WHOLE stacks of those 100T bills. It reminds me of the power of corruption, communism, racism, and inflation. I give them as gifts.

the 100T Zimbabwe bill was worth about $350.oo the day it came out. By the end of the day it was worth $250.00. 30 days later, it was less than $5.00. 90 days after issuance it couldn't buy you a cup of watered down coffee. ($ 0.30). They switched to the SA Rand it was so worthless.

Now the Zimbabwean bills are worth more as collector/novelty than they were when they were under Commie control.

[TexasRepublic]

What else would you expect from a country that can’t manufacture enough toilet paper? You know you have reached the perfection of communism when you can’t produce food or toilet paper.

[A Navy Vet]

Can you say, Zimbabwe? I truly now believe that socialism is a mental disease. Many people/politicians may start out with good intentions, but somewhere along the path to make all equal in all aspects of life their brain synapses rewire as if re-written by a computer code. I feel sorry for such diseased socialist/communists and allowing themselves to devolve and ignore what works.

That said, damn them all! I wouldn't cry a tear for any one of them if they all died right now. We all die. Better the World spoiling idiots die before we reach WWIII, and it's coming between the socialists ruining every nation they control, the weak Western leadership, the Muslim hoards, and the "gimmes".

"Only the good die young".

I am so thankful every day for my loving, caring, generous Wife and my little doggy.

[ctdonath2]

Such inflation us a form of taxation: printing another currency unit basically “teleports” 1/(total of all currency)th of the value of all other aggregate units to the new instance, without the inconvenience of actually taking money from uncooperative taxpayers.

That scheme collapses when total debt exceeds total value represented by the total of all such currency: printing more just dilutes the value, never adding up to the amount needed.

You know it has collapsed when the private contractors actually printing the new bills don’t just withhold the finished product as summary payment.

[MasterGunner01]

So the Chavezista socialists have run out of money to print the phony monopoly money? Gee, who could have predicted this? Only socialists who think you can rob Peter to pay Paul forever without consequences believe this.

[golux]

[Jan_Sobieski]

Very funny!