>The embattled Venezuelan president said on Sunday that he plans to raise the monthly minimum wage to 40,683 bolivars, about $60 (57 euros) according to the highest official exchange rate, or $12 at the black market rate. "To get the year started, I have decided to raise the minimum wage," Maduro said on his weekly TV program, also saying that the wage increase would come with an additional food subsidy of about $93. The Venezuelan leader has increased the minimum wage by a cumulative 322 percent since last February, as the country faces runaway inflation that has led to massive shortages of food and supplies, forcing many to cross over into Colombia for basic necessities. The International Monetary Fund predicts inflation will hit 475 percent in 2017.
how much bolivars does high speed internet cost in Venejewela?
Benjamin Collins
1 boipussy
James Peterson
>Living in Memezuela I feel sorry for you.
Lucas Ward
I hope Trump will put an embargo on venezuelan oil
Angel Wright
Military junta when
Alexander Jenkins
Glad to hear they're buying out Hasbro's warehouse of Monopoly boxes to give out to the people
Parker Lee
>increase min wage by 322% >inflation grows by 475% HAHAHAHAHAHA
Henry Ross
Aren't they importing it from the US?
Camden Cox
Wow
Can't wait until we start to follow such a successful economic agenda
Andrew White
This problem could easily be resolved by just printing and distributing money faster than it runs out.
Samuel Ortiz
Where do I get a hot venezuelan waifu for foods money and a comfy house?
Jacob Evans
The Venezualans are like an Arab oil state, their economy is heavily dependent on oil and they spent all their money on giving their population free shit instead of actually investing it in other avenues that countries like Norway do. When the oil price plummeted the revenue for the government fell with it, with not enough money to pay for the ever-increasing demand of gibs which caused the shitters to riot and burn down stuff causing the economy to go to the shitter even more.
Thomas Roberts
In Canada, no joking
Ian Richardson
You know you're shit when Mexico laugs at you for being poor.
Nolan Jones
Venezuela is fucking great. We get to see every retarded left wing economic policy fail spectacularly. Raising the min wage to $60? How could this possibly go wrong, the left wing assures me that raising the min wage actually helps the economy! Lets see how it turns out!
Ayden Foster
That's monthly, not hourly
Matthew Hall
Oh, I was hoping they were going to accelerate their inflation to Zimbabwe levels
Christopher Sanders
why among Venezuelan military there's nobody with balls to overthrow this cunt ?
Military is kept happy. Thats how you get out of the shit.
Connor Garcia
>Our money is becoming worthless >QUICK; PRINT MORE t. Communist Economist
Owen Mitchell
so they get more useless money to buy more nonexistant goods?
Daniel Price
...
Jordan Wilson
Really a bolivarian utopia.
Save for the toilet paper, of course.
Hunter Morris
>When your perfect system has a shortage of toilet paper, but its ok because you lick each others asshole, solving both the toiler paper shortage and the food shortage. Someone make it. I am in my phone now.
Dominic Myers
minimum wage here is 375 usd
Jeremiah Perez
minimum wage per what time span of work?
Jace Brooks
T. Wilhem II
Angel Powell
Why haven't you killed the fucker yet? It's been four years since he got elected. Why doesn't the cameraman stab him during his salsa show?
Levi Williams
I really do pity you.
Easton Lewis
Does Maduro really think he can "outrun" inflation by raising the wages faster than the prices rise? Is that his level of understanding of economics?
Jonathan Turner
Probably.
Joshua Diaz
He was a bus driver before Chávez declared him as his successor. So probably.
Ryan Sanders
Wouldn't this just further increase the inflation? What's his end goal?
Bentley Torres
plus now the military is completely polarized for the regime. they basically run the country from the shadows
Adrian King
Why do you think the inflation is so high in the first place? Of course it will. The guy is a retard and is denying that the country is in an economic crisis, which is preventing international aid organizations from aiding those in need. At this point though, the food would probably just be snatched by cartels and sold on the black market.
Nolan Rivera
Socialist economics for ya
Jackson Ortiz
Oh yeah making money worthless in the process. If you don't know shit, don't spit shit either.
Oliver Rodriguez
>Suffer from inflation >Raise minimal wage I dont think that's wise
Joseph Gonzalez
>have your hairy ass sitting on the biggest oil reserve in the world >poorer than Burma
shiggy diggy me man, also, hope the commie dunce shows up to explain what's going on here
Cameron Fisher
I feel sorry for Venezuela, but why on earth was he elected in the first place if he were a former bus driver? Surely, Chavez' blessing could not have meant that much, could it?
Joshua Campbell
Venezuelans are not your typical mongrels they are tripple mongrels (and proud of it) they are an unholy mix of negro,injun and low caste european, they only live to dance reggeton and fuck overweight short women.
Samuel Cox
save yourself. Romanians did it right.
Hudson Cook
Here comes more immigrants
Lincoln Roberts
No way, lefypol told me all the additional payments for the increased wage will come from the 1%
Christian Howard
Does Venezuela have money to sctually print money yet? Last time I checked even the money printers wouldn't continue because they didn't get paid.
Jayden Thompson
I may feel sorry for specific Venezuelans, but I do not feel sorry for Venezuela as a country. Venezuela had the failures of dozens of socialist states as a warning, but the warning was not heeded. Venezuela wasn't occupied like Eastern Europe was in the 40s, they chose socialism themselves.
Jack Rodriguez
>elected
Brayden Sanchez
I meant the 2013 elections
Ryan King
>three years ago one million Bolivars were worth $155,000 >today one million Bolivars will get you about $250 I'm not a mathematician but isn't that a lot worse than even 475% inflation?
Joshua Parker
Do not mix inflation with exchange rate
Liam Rivera
I wonder if praga would be a top european capital if it wasnt for soviet shits.
Hudson Morgan
Just goes to show Latin America can't even run a country properly.
Juan Jenkins
I misread that. Still, black market prices cannot be accounted for when measuring inflation for obvious reasons
Jacob Phillips
Only Anarchocapitalism and Bitcoin can save the venezuelan people (government not included).
Gabriel Murphy
Well a loaf of bread now costs 4,000 bolivars and three years ago it cost 2 bolivars. So the bread exchange rate is getting pretty bad too.
Xavier Morris
Only Venezuelan I know is tall, thin, light skinned qt. Thankfully she was dating some chink/nigger/white mix and it kept me from being a degenerate race mixer.
Brandon Bell
And the Chinese are much better?
Dylan Taylor
I wonder how much a single Venezualan human kidney sells for...
Connor Fisher
Um
A bit, yeah
Deng Xiaoping kept all of the authoritarian repressive bullshit from communism but he dumped the economic theory in the trash and it seems to have worked out just great so far
Julian Foster
F
Asher Bell
Venezuela has a managed exchange rate which has only changed once in the recent years (in 2016). The problem is the inflation, as you said first, as well as a lot of other things, of course
Jackson Martin
Per month, you fucking retard. Their minimum wage is 12 dollars a month.
Aaron Green
They may actually be more accurate than the official rate, if the government has any power over that figure.
The Ostmark was officially at a 1:1 exchange rate with the West German mark, but the real value was much closer to the black market rate of 8:1 to 12:1
Julian Hernandez
>They may actually be more accurate than the official rate Sure, but the government could never recognize those.
Luis Gonzalez
To add onto this, their economy WAS shit the whole time Mao was in power. He also killed like 60 million people, but that's another story.
They only started recovering once they ditched most of the socialist economic policy and moved towards a much more fascist economic model.
Alexander Wright
Crashing that country with no survivors
Nathaniel Moore
lol our minimum wage is $537 USD How are they presenting 50 euros as an achievement?
Andrew Hill
(((elected)))
Colton Wilson
F
Hunter Diaz
In 2015 a new Parliament was seated with 109 anti-Maduro MPs compared to only 55 pro-Maduro MPs and immediately began recall and impeachment legislation against Maduro
Maduro had a pretty predictable response, called the elections rigged by the CIA, said that removing him from office was illegal and the MPs were enemies of the state, had a bunch of them arrested and a few of them disappeared, then introduced an entirely new branch of government called the "National Communal Parliament" where a group of legislators handpicked by him can carry out the TRUE will of the people and uphold the Revolution
Benjamin Smith
"you can always pay half the poor to kill the other half".
Anthony Nguyen
But they need it to wipe their asses with because communist failed.
Austin Long
>1% left the country years before the shit hit the fan because you know, they can easily afford that >TAX THE RICH, WHAT ARE THEY GOING TO DO ABOUT IT leftypol is not very bright
Nolan Flores
>left-wing idiots fail >right-wing idiots try to use it as a proof that their (((policies))) work lol
Daniel Perez
>his country is literally named Nigger Mountain
Jonathan Diaz
>his country is literally 58% white
Levi Ortiz
your land is literally nigger ahhahaah
Daniel Bell
>the country is still named Nigger Mountain
Connor James
>Acapulco > Venezuela
Because the Venezuelan army is actually the cuban army
Levi Taylor
each 30 days
Kayden Ross
This
Dylan Rogers
You need to get out man, nobody is going to lay a finger to save that shithole as much as some may want to make Memeduro shut the fuck up. Escape before things get even worse.
David Powell
Question: why they keep printing? less printed money running would make it worse?
Jacob Jones
They're trying to outrun the collapse by printing money marginally faster than it devalues
The number of bolivar notes in circulation quadrupled during November and December of 2016, which seems especially bad when you consider the inflation started a good while before that
Nicholas Price
why not print more money? if the problem is people not buying food if you print more money and give to them you fix the issue.
Adam Sanders
Show this to all the Fight for $15 retards.
Juan Perry
one day one user replied to me in a very serious manner because he was defending socialism: "If the 1% flee you can always create another 1% that will pay the tax."
Since bitcoin does does not suffer with inflation, and last year it got a huge influx of china money, even with the actual drop of 20%, its still a good deal in fucked up economies like venezuela. Nigeria and Gana (i dunno how fucked up they are) but bitcoin search on those places are skyrocketing, normally this interest is associated with high inflation witch nullifies the volatility of the currency. Capitalism is so cool it does not even need the state to work. Venezuelan police did not like it tho and is arresting bitcoin miners and mining it themselves.
is there anything worthwhile to buy from venezuela for cheap and resell in murrica/yurop?
aside from whores
Jace Rogers
Yuri bezmenov said that minimum wage is good for the head of the unions and for the mega capitalists because you lose your right to sell your work for the price that you desire.
In Hong Kong you see many people who left china to work in restaurants because they pay more. Fixed salary is literally the wage jew.
Liam Green
Cocaine, Simon Bolivar statues, gas, kidney...
Cameron Thomas
>if the bus stops, inflation will kill them all.
Dominic Taylor
open an online market to sell food and medicine for them retard. be sure to accept bitcoin look at those charts :
William Bailey
mine bitcoin bro. its the only way to save yourself. how cheap is the energy where you live ? we can do business once you get bitcoins. i can mail you medicine and food if the postal office is still working.
Ian Brooks
They still haven't reach the levels of inflation we had during Alan Garcia goberment.
