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Cash-Strapped Venezuela Offers to Pay for Medicines With Diamonds...barter spreads [tr]
WSJ ^ | 1/4/2018 | Kejal Vyas

Posted on 01/04/2018 9:31:12 AM PST by Brilliant

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More teaching moments with Venezuela.
1 posted on 01/04/2018 9:31:13 AM PST by Brilliant
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To: Brilliant

And yet Bernie and Barry and about 48% of the US population think that it will somehow turn out different when it is foisted on the US.


2 posted on 01/04/2018 9:33:30 AM PST by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: Brilliant
The so-called Strong Bolivar, which the government created in 2008 by lopping three zeros off its previous currency, lost 97% of its value in 2017 alone as the oil-rich country plunges further into hyperinflation.

Already time to lop off another couple of zeroes!

Regards,

3 posted on 01/04/2018 9:36:28 AM PST by alexander_busek (Extraordinary claims require extraordinary evidence.)
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To: Brilliant

I don’t really feel sorry for Venezuelans. Chavez and Maduro are not alien invaders, and these thugs were generally chosen by Venezuelans (although coercion certainly is taking place now).

Also, Venezuela’s slow motion collapse is a constant reminder to stupid people everywhere. It seems the world (and America) needs a constant example of the evil of socialism to avoid choosing that fate for themselves.


4 posted on 01/04/2018 9:37:50 AM PST by PGR88
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To: Brilliant

Communism always fails. Read Communism by Richard Pipes.


5 posted on 01/04/2018 9:39:01 AM PST by I want the USA back (Lying Media: willing and eager allies of hate-America savages.)
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To: Brilliant

With all the money Madura has stolen from the people, he could buy them some food and toilet paper.


6 posted on 01/04/2018 9:39:02 AM PST by Slyfox (Not my circus, not my monkeys)
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To: alexander_busek

> Already time to lop off another couple of zeroes! <

That’s the ticket! Call it the “Super Strong Bolivar”. Soon to be followed by the “Super-Duper Strong Bolivar”. Etc., etc.


7 posted on 01/04/2018 9:40:38 AM PST by Leaning Right (I have already previewed or do not wish to preview this composition.)
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To: Brilliant

Greedy capitalist pigs are behind this! Trump’s rich buddies.


8 posted on 01/04/2018 9:40:44 AM PST by Extremely Extreme Extremist (God Bless Attorney General Jeff Sessions! Thank You!)
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To: Brilliant; Army Air Corps; BenLurkin; TADSLOS
Cash is King and always will be.

Even if it takes the form of Bottlecaps.

9 posted on 01/04/2018 9:42:41 AM PST by KC_Lion (If you want on First Lady Melania's, Ivanka Trump's or Sarah Palin's Ping Lists, just let me know.)
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To: Brilliant

Coltan is a cool metal. Wherever it is, you generally find Chinese mining for it. In two decades, Mandarin might supplant Spanish as the official language of Venezuela.


10 posted on 01/04/2018 9:44:43 AM PST by VietVet876
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To: Brilliant

National leaders ride around in government limousines and live in the government Palace.

Some people want to ride in those government limousines and live in that Palace.

They start telling people that the national leaders are bad because they ride around in government limousines and live at the government Palace.

They convince people to fight and kill and die to get rid of the national leaders.

The people get rid of their national leaders.

The people who wanted to ride around in the government limousines and live in the government Palace now take over.

They ride around in the government limousines and live in the government Palace.

Some other people want to ride in the government limousines and live in the government Palace.

It starts all over again.

Lots of the riff-raff get killed.


11 posted on 01/04/2018 9:54:44 AM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: Brilliant
lost 97% of its value in 2017 alone as the oil-rich country plunges further into hyperinflation.

It's taken just over a hundred years for the Treasury and Federal Reserve to do the same here.

12 posted on 01/04/2018 9:56:55 AM PST by KarlInOhio (The Whig Party died when it fled the great fight of its century. Ditto for the Republicans now.)
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To: KC_Lion

A Fallout 4 reference?


13 posted on 01/04/2018 9:57:25 AM PST by hal ogen (First Amendment or Reeducation Camp?)
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To: alexander_busek
But... ... it's STRONG currency. It's right there in its name. How, oh how, could this have happened to such a strong currency?
14 posted on 01/04/2018 9:57:39 AM PST by WayneS (An appeaser is one who feeds a crocodile, hoping it will eat him last. - Winston Churchill)
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To: Brilliant

And one of the richest persons in Venezuela is Chavez’s
daughter living in Switzerland.


15 posted on 01/04/2018 10:05:57 AM PST by Maine Mariner
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To: Slyfox

He won’t. Some pigs are more equal than others. . .


16 posted on 01/04/2018 10:12:52 AM PST by Made In The USA (Next thing you know, 'ol Jed's a millionaire)
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To: alexander_busek
Already time to lop off another couple of zeroes!

Yeah, Maduro and his administration!

17 posted on 01/04/2018 10:17:07 AM PST by RedMonqey (“Rockets... Lottsa Rockets...”)
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To: Maine Mariner

“And one of the richest persons in Venezuela is Chavez’s
daughter living in Switzerland.”

The “Dictatorship of the Proletariat,” always seems to work out a whole lot better for the dictators doesn’t it.


18 posted on 01/04/2018 10:17:43 AM PST by vette6387
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To: Brilliant

When the diamonds run out they’ll turn to bananas.


19 posted on 01/04/2018 10:18:35 AM PST by Gay State Conservative (Remember: All Cultures Are Equal!)
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To: vette6387

Yes, and as others have pointed out after the October, 1917
Russian Revolution, the czars were replaced by the commiczars. And the commiczars were far more brutal than the czars could have ever dreamed of.


20 posted on 01/04/2018 10:20:45 AM PST by Maine Mariner
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