VENEZUALAN CURRENCY IN FREEFALL

The Bolivar is currently experiencing an inflation rate of 2.5% PER HOUR. This means that in the course of 40 hours, the money's value is cut in half. The rate is also accelerating.

independent.co.uk/news/world/americas/venezuelas-currency-hyper-inflation-oil-crisis-devalued-shop-keepers-weigh-notes-a7443596.html

>b-but it's not real socialism

Other urls found in this thread:

vice.com/read/i-lived-like-a-king-for-a-month-in-venezuela-on-100-euros-876
youtube.com/watch?v=P3BOd8vlRkg
twitter.com/NSFWRedditGif

kek still better than norwegian krone after oil price fall.

This is the result of state capitalism

>Venezuelan Hitler takes over
>Gas the mestizos Race war now!
>WWIII
>Trump not retarded like Wilson or FDR and keeps us out of it.
>Spics get gencided
>Europe gets BTFO
>South America Made Great Again (for the first time)
Oh boy, cant wait!

Daily reminder: REAL socialism has never been tried

more good news for bitcoin

if inflation is 2.5% per hour that means it only takes between 28 and 29 hours for money to lose half its value. Apply yourself OP

you can't have a world war without everyone.

Bitcoin is redpilled as fuck.

>falling for the fiat jew
>falling for the central banking jew

Socialism works

where?

27 and 28.

Bet you did the 1.025^n=0.5

OP did -100% = -2.5%*n

Also a rate a percentage of change in an N time-frame, so 27 hours is correct. Alberto Barbarrosa strieks again, doolan pls

27 and 28 hours *
But yeah you're right, I just did the math myself (got the news from another user). The rate is apparently accelerating though, this news is from 20 hours ago. I don't know if their govt has responded yet.

Only National Socialism and part of that was because they were Germans.

I just did 0.975^27 and 0.975^28 to confirm 0.505 < 0.5 < 0.492

0.492 < 0.5 < 0.505 *

I just outed myself as a phone user

Too late. Also if the rate is accelerating then you need to use a regression in a exponential past data. and the result can even get worst.

This shit is weird, it happened in Peru and the result was a more fascist government than Pinochet. Fujimori had to declare an economic shock in national TV, which is basically saying the currency is worthless and new promoting another new one at high exchange, limit production and liberating the dollar black market.

Before the economy goes back to normality, an economic shock paralyzes the entire market for days. Freezing the trading and making law and order go away. Its a necessary measure no politician risk to take.

Venezuela was destroyed by international bankers.

Why not just print more lol
Venezuela will get a Hitler, and the world will finally see how nice it is.

100 "dollar" bills is 5 cents us right now. Should I get like 1 us dollar worth in case it normalizes?

Doesn't make sense, the value should be rising considering they don't have toilet paper.

What's Salon's take on this?

>Should I get like 1 us dollar worth in case it normalizes?


The currency will be abandoned. no way it will normalize.

>Venezuela will get a Hitler

Exactly. High economic gap difference and unemployment build the platform for radical left and radical right movements.

Once the radical left scrap the nation wealth, people need a radical right to liberate the system and market.

................................................
This is why I hope Donald never dismiss social programs, because even if they are for parasites and a waste of resources it makes unemployed keep active and not joining radical groups. National projects also make lots of jobs.

>if puppeticians could only learn from the past.

could be worth more as a collector's item than denominational value

same thing happened with these, were worth $3 I think, but foreigners would pay $6

>B b but Venezuela is not socialist™!!!!!!!!!!

jesus christ that sounds terrifying

>cis chan

vice.com/read/i-lived-like-a-king-for-a-month-in-venezuela-on-100-euros-876

probably the only non-shit vice article in the past 5 years.

seems like a fun way to exploit a shit commie country.

...

And this is why we use a gold gold standard people, we all need to go back to it the sneaky Jews don't want us too though

Beautiful.

Normalizes? Normalization would be low inflation, not massive negative inflation.

No, you should not spend any dollars on it.

youtube.com/watch?v=P3BOd8vlRkg

canada

this. It's basically the virtual decentralized gold standard.

but imagine if you put 100 dolllars on it right now

and it DOES normalize

100 dollars would net you 200K if the currency goes back to par, of 100 worth 100% of it's value

>300% population growths over 4 decades because muh industrialization
>not enough food to feed them, gotta import a shitload of food and basic necessities
>completely reliant on oil exports to give you the cash needed to import stuff
>oil price plummets
>people starve

Lesson learned: population control can actually be a good thing

Breed like rabbits, starve like rabbits

Brown peeple are fucking sub human. What do you expect.

canada actually has markets that are publicly traded; workers do not own the means of production. no, sorry. it's a mixed economy.

Didn't the government take over the farmland and that's why they don't have enough food?

universal healthcare

Universal welfare

all paid for by taxes. It's democratic socialist model.

>It's democratic socialist model.
It certainly isn't. Again, there are publicly traded markets. The workers do not own the means of production; there's nothing about democratic socialism that changes that.

what the fuck are you talking about

Workers dont own the means of production. OF COURSE THEY DO, you retard. You can own business's in Canada.

And just because you have publically traded markets, doesn't mean your not socialist. You are mistaking COMMUNIST for socialism.

Socialism, is government pays for most things. not everything. Through taxes.
Government offers a wide range of services. usually free, through government paid services. Which is again, paid for by taxes.

>>a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
synonyms: leftism, welfarism; More
radicalism, progressivism, social democracy;
communism, Marxism, labor movement
"my appreciation for certain aspects of socialism does not mean I'm a socialist"
policy or practice based on the political and economic theory of socialism.
synonyms: leftism, welfarism; More
radicalism, progressivism, social democracy;
communism, Marxism, labor movement
"my appreciation for certain aspects of socialism does not mean I'm a socialist"
(in Marxist theory) a transitional social state between the overthrow of capitalism and the realization of communism.

Bitcoin is imaginary meme money that would be useless in the event of an actual economic collapse.

You'd be much better off spending the money you would have spent on MemeCoins and using it to buy bullets, seeds, and canned non perishable food items.

B-BUT IDS AMERICAS FAULT NOT REEEL SOESHALIZM DDDX/!!!

lol get fucked commies

>>>a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
advocates that they're owned or regulated by the community as a whole. They are not. It's not sufficient to say, "well they could be" or "some are." There's nothing stopping any corporation from doing that in a market. That's not socialism and it's not democratic socialism. It's fair-weather socialism, i.e. "I'll call it socialism when it looks good."
There isn't a market economy on earth that is unregulated or free from some intervention; they're not socialist, either. The models for doing so are older than your kike role playing game.

Not socialism. When there are bread lines and purges, we'll re-examine.

fuck leftists

Wew

>>Gas the mestizos Race war now!
That's the entire venezuelan population

Socialism has once again failed

As any form of currency, what gives Bitcoins its value is the trust in the people to be able to buy something with it without problems. The good shit about bitcoin is that is not tie to borders or exchange rates (kinda), inflation or manipulation.

Fuck the jews and their banks.

...

Hasn't this been the case now for like 3-4yrs? Oh you want to go out to eat? Here, bring this fucking duffle bag of cash. Yeah, no, that's only enough to get you an entree, no appetizers.

It was intended to be used as a medium for exchange, nothing else. Fucking speculators are ruining it, like they fucking ruin everything else.

They'll need to bring 5 duffel bags starting next week.

You are confused. Speculators ensure the pricing of commodities is accurate based on demand. They act as a buffer to prevent even more volatility in price.

Not going to lie, all things weirdly derivative, pretty sure by design, tend to confuse me. But when you have people jumping into something that was simply meant to provide a medium of exchange separate from all that bullshit, with the express purpose of buying in cheap, and cashing out at the high end of what they term "cycles" in any of these weird markets... isn't this the sort of shit that ruins everything? It, if anything, fucks with the value, artificially inflating and deflating it, doesn't it?

I always relish an opportunity to post this

>isn't this the sort of shit that ruins everything?
It's the government intervention that causes the bubbles. Speculation on derivatives as we saw in the 08 crisis just accelerates the bubble to pop,and when it finally does pop, it's much worse because of all the bets on bets on bets on bets people have.

>currency has a stone kike

I thought you fags ensured the future by placing a lot of your oil profits in bonds or some shit so when you eventually run out of oil, your economy won't implode overnight.

I suppose. My favorite new term is bespoke tranche opportunities.

>What will they think of next?

Wow socialism works. Look how much money those people have in their hands.

Hard to watch that.

BUT- When you see the news out of Venezfaila, they talk about the starvation and poverty, but the people are all fat. Some logical disconnect here with reality.

AND-- Another perfect case proving that only gold is money.

Anybody with any wealth from the 90s or family wealth in Venezfaila, just grabbed their gold five years ago and went to Chile.

>Gas mestizos
That you military you faggot,and pretty much everyone.

But if everything belongs to the workers/people, why would they need money?

Who gives a fuck?

Just do 70 / x% for the rough estimate you idiots

Because the people belong to (((them))), silly

Get it to show your kids what happens when Governments can't fiscal responsibility.

Venezuelans would have been better off holding bitcoins than those things. They are easier to Hide.

Fujimori is the reason why Peru isn't as much of a shithole anymore and is the fastest growing south american country in the last few years though.
Also, Pinochet was not a fascist.

Poor people are fat because they eat trash food poor in nutrients and full of carbs