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Hilarious: Venezuela to eliminate 3 zeroes from currency to combat 'economic persecution'
americanthinker.com ^ | 3/23/2018 | Ric Moran

Posted on 03/23/2018 10:30:37 AM PDT by rktman

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Not really inclined to agree with "hilarious" as a lead in for this. More of a sad commentary on socialist paradise.(go bernie, go bernie) Surely 'manuro' is NOT suffering along with his countrymen. Or is that countrypeople now.
1 posted on 03/23/2018 10:30:38 AM PDT by rktman
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To: rktman

The meltdown is almost complete.

Now, on to South Africa.


2 posted on 03/23/2018 10:31:28 AM PDT by Tea Party Terrorist (A bad peace is better than a good war.)
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To: rktman

I thought Putin and China were bailing them out.


3 posted on 03/23/2018 10:34:06 AM PDT by GoldenState_Rose
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To: rktman

I wonder how many Venezuelan-socialism-loving Hollywood celebrities will be investing in this “new currency...


4 posted on 03/23/2018 10:34:35 AM PDT by WayneS (An appeaser is one who feeds a crocodile, hoping it will eat him last. - Winston Churchill.)
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To: rktman

Fuzzy math ping!


5 posted on 03/23/2018 10:35:22 AM PDT by Puppage (You may disagree with what I have to say, but I shall defend to your death my right to say)
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To: Tea Party Terrorist

Might work if they remove Maduro and two other high-level zeroes.


6 posted on 03/23/2018 10:36:18 AM PDT by USMCPOP (Father of LCpl. Karl Linn, KIA 1/26/2005 Al Haqlaniyah, Iraq)
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To: rktman

Pretty typical of Latin American countries suffering hyperinflation. They tend to issue new currencies lopping off zeroes and if the horrible policies causing the inflation continue rinse and repeat. I am going to buy a 100,000 bolivar note on ebay right now.


7 posted on 03/23/2018 10:36:46 AM PDT by C19fan
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To: rktman

Great idea! Let’s do this to our national debt!


8 posted on 03/23/2018 10:38:08 AM PDT by pabianice (LINE)
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To: rktman

Over what timeframe?

Remove 3 zeros every year? every month? would get a bit overwhelming to have to do it every hour.


9 posted on 03/23/2018 10:38:16 AM PDT by C210N (Republicans sign check fronts; 'Rats sign check backs.)
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Just a minor currency adjustment. No big deal.

Say, have you noticed how slender and svelte the Venezuelan people are looking nowadays? Only in the worker’s paradise have they come up with a cure for the obesity epidemic sweeping much of the rest of the world. It’s another huge triumph for socialism!


10 posted on 03/23/2018 10:39:31 AM PDT by FLT-bird
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To: rktman
Not really inclined to agree with "hilarious" as a lead in for this.

Nor am I.

This is exactly the scenario that James Wesley, Rawles wrote about in "Patriots". Zeroes being removed from the US dollar then new scrip being issued in exchange for the useless dollar.

I don't find "hilarious" as anywhere near humorous.

11 posted on 03/23/2018 10:40:17 AM PDT by Bloody Sam Roberts (Perhaps we should care less about who we may offend and care more about who we may inspire.)
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To: rktman

So 100 billion becomes 100 million...that'll do the trick.

12 posted on 03/23/2018 10:40:19 AM PDT by Gay State Conservative (You Say "White Privilege"...I Say "Protestant Work Ethic")
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To: WayneS

Now we’re talkin’ some “zeroes” that could be eliminated.


13 posted on 03/23/2018 10:44:48 AM PDT by rktman (Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?)
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To: Tea Party Terrorist
Now, on to South Africa.

Having been to South Africa several times...including recently...I guarantee that the leaders of South Africa won't have any more problem bring the country to its knees that Mugabe had in Zimbabwe.At least 75% of the population already live like the typical resident of Congo and once the white people leave (or die) that will become 98% in short order.IOW,the very same thing I've seen in Kenya,Tanzania and Malawi.

14 posted on 03/23/2018 10:45:10 AM PDT by Gay State Conservative (You Say "White Privilege"...I Say "Protestant Work Ethic")
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To: rktman
So if I had a $1000 bill, it's now a $1?

That's thinking ahead, Maduro - it could get hard to try and get all those zeroes to fit...


15 posted on 03/23/2018 10:45:20 AM PDT by ZOOKER (Until further notice the /s is implied...)
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To: rktman
General Garcia, from the 1979 film "The In-Laws" comments

https://www.youtube.com/watch?v=s9bkwy2w4qI

16 posted on 03/23/2018 10:48:28 AM PDT by llevrok (DACA = Democrats Against Citizen Americans)
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To: rktman

This is 2nd time the Chavistas have looped off zeroes and started over again. The current bank notes are called Bolivares Fuerte, or (don’t laugh) Strong Bolivares, issued in 2008 replacing the previous bank notes at a rate of 1,000 old = 1 new. In other words, if zeroes just kept going 1,000,0000 units today = 1 unit in Dec 31, 2007.


17 posted on 03/23/2018 10:48:50 AM PDT by C19fan
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To: ZOOKER

I think Zimbabweans realized if they issued bank notes with outrageous amounts they could get Westerners as collectors and they were right. That 100 trillion note goes for $100 US on ebay.


18 posted on 03/23/2018 10:50:32 AM PDT by C19fan
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To: rktman

Can they afford the paper to print the new banknotes? Or are they just gonna get some folks with really strong magic markers to work on the old ones?


19 posted on 03/23/2018 10:55:29 AM PDT by Attention Surplus Disorder (Apoplectic is where we want them.)
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To: rktman

Just 3 zeros. I was in Yugoslavia in the early 90s when they had just knocked 4 zeros off the currency. https://en.wikipedia.org/wiki/Yugoslav_dinar#1990%E2%80%9392;_Convertible_dinar,_YUN

The old notes were still in circulation along with the new so you had to judge value by shape and color rather than the amount printed on the paper.


20 posted on 03/23/2018 10:57:46 AM PDT by FewsOrange
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