Venezuela | USD now worth 103.000 Bolivar

bloomberg.com/news/articles/2017-11-30/in-venezuela-the-dollar-s-gained-10-768-in-just-last-two-years

archive.is/d429W

On 1 January 2017, you could buy 1 USD for 3,600 Bolivar. Now you have to spend 100,000 Bolivar for that same 1 USD.
Think of it as the gains of bitcoin this year. But downwards. And trippled.

Other urls found in this thread:

pt.knoema.com/jesoqmb/gdp-per-capita-by-country-statistics-from-the-world-bank-1960-2016?country=Mexico
bbc.com/news/business-42006249
bcv.org.ve/c4/notasprensa.asp?Codigo=13880&Operacion=2
exhentai.org/g/582987/81c2b31524/
twitter.com/SFWRedditGifs

salary is $4.33/month
is a hell in here

Does that mean I could go there with a couple thousand bucks and buy a huge property?

You could but without hiring mercenaries it probably wouldn't be yours for long, whether the government or the people take it.

Not real socialism. =)

To dear Venezuela,

Your lack of a correct ideological framework is the cause of your country's problems.

From France, with love.

>Maduro turned everyone in Venezuela into millionaires

How can capitalism even compete

Do you have any family gold? What have your parents/grandparents left you?

Grab your gold and get the hell out of Venezuela. You speak perfect Spanish no?? You can survive in any Latin American nation. If you are not a government insider in Ven. Get the hell out!!!

no
real estate is dollarized, meaning that you have to pay in usd instead of national currency
the prices aren't that low either

a nice house or a big loot in a nice place costs more than Bs. 1 trillion

NOT REAL VENEZUELA

>Starving billionaires.

Not really an accomplishment Che'

So what you're telling me is nobody in the country knows how to conduct business. If nobody can afford what you're trying to sell, you'll never sell it. Money never changes hands, and nothing ever changes.

reminder Varg believes Venezuela's crisis is caused by the CIA and not Maduro or his economic system

maduro should keep these subhuman filth from escaping, im tired of seeing these shitskins in my country wtf

Venezuela used to be the richest country in Latin America, now it's this shit hole.
My dad lived there and in South Africa for a couple of years in the 70s, he dodged two socialist shit holes.

It is true, however Venezuela lacks the tools to counter such attacks because it has no ideological cohesiveness.

this is true
most people don't even know what political left wing and right wing mean

Youth hasn't been educted but indoctrinated since chavez became dictator, 19 years ago

i am a pol sci student and i only feel gratitude for my teachers that care for the country and haven't leave yet because they still have hope the country can change for better

What would happen if I bought a billion Bolivar and held on to them for a while? Can it recover or are they going to have to do away with it? What exactly happens in these scenarios.

real state in countries with high inflation isn't like real state in developed, normal countries. people in venezuela and argentina buy homes as an asset, to protect p their savings from being wiped out by inflation and taxes. no one is selling anything unless they have an emergency and need the cash

The prices are controlled by the state, there is no profit in some sectors of the economy.
The only reason Venezuelans are still alive is because of the black market.

My heart is with you, Venezuelan brother, (((their))) hate against your country is unparalleled.

Power through, the world's shitty enough any place else, people who point fingers just don't realize the shit they're in. Godspeed user.

Shame Venezuela couldn't be bought, ethnically cleansed, and turned in to a huwhite nation.

Their president himself is a mestizo Jew.

>What would happen if I bought a billion Bolivar and held on to them for a while? Can it recover or are they going to have to do away with it? What exactly happens in these scenarios.

If the note achieves meme status to collectors, you may be able to double or triple (or more) in the future, but the collapsing currencies normally go down and reach absolute zero value.

most properties are being bought by government officials

it is insane how much money is being laundered in here

and also hezbollah/syrians/iranians are buying real estate in here

for the normal citizens, it is impossible to buy a house unless you work for foreigners for a wage in usd

i am considering investing into the 100 trillion dollar notes

I once heard about a wealthy dude somehow smuggling in dollars to Venezuela via companies, I never knew him personally but I knew someone who would confirm his story. It involved smuggling dollars and selling then at a premium in the black market or something similar.

Does anyone know how that stuff works?

Ah yes. The beautiful trillion dollar Zimbabwe notes. I forgot about this. Worth less than the paper it's printed on.

>Venezuela used to be the richest country in Latin America
Source? It's had a lot of issues in the past 30 years.

So normal citizens getting shit wages in USD can afford houses, but I can't? Make up your mind.

no gold or anything valuable, just our house, and we can't risk it to escape to a country where we aren't sure we would establish quickly, and also because it doesn't worth that much

money isn't even enough for all of us to travel to colombia by land

Remember oil? It had a lot of it and it used to be expensive.

How is it in contradiction with any of what i've said though? I care for the people, man. I feel bad when I see them fall prey to the hook-nosed parasites.

Isn't gp in runescape worth more then Venezuelan money?

You can literally just drive there on a motorcycle. How strong do you think Venezuela border defense is? Just don't take a main road. But there's basically no point in doing it. What use would someone have for the physical dollars you are trying to sell? And who would be able to afford enough to matter?

if you can spare more than $200,000 then you can buy a house for a middle-high class family

>Does that mean I could go there with a couple thousand bucks and buy a huge property?

no, you can't

OSRS gold 1 million = 1$ by most current exchange rates. RS3 is more volatile with 1 million being about 0.2-0.3$

Yeah but some sucker would still buy them on ebay for fun

Too bad. If you have a house and that's all you have, then I guess you stay there try to survive the storm, and come out with your house when things normalize. In the meantime study Russian language comrade, in case Russians come in to help Venezuela like they did to Syria.

too bad no tourism, so your good English doesn't help right now. Buena Suerte Compadre!!

I don't want to smuggle dollars, I just want to know how they profit from it, maybe they buy one dollar, say, at 10 bolivars, and then sell the each one in small quantities to poor Venezuelans at 20 bolivars per dollar, then, people who spend it on small businesses and such value it at 25 bolivars or something like that

There's a black market for dollars so clearly there's a demand for a reason

probably he was buying cheap usd from the government and then selling it at black market rate

this was common years ago, and some people was able to enrich themselves, however it is a crime to do so

That's an insiders game amigo. Outsider trying to enter the market without connections?

First official you contact, or first criminal you contact will take all your money and kill you. A german Doctor went to venezuela, did not last 4 hours until they killed him.

>inb4 some retarded commie comes here unironically saying socialism made everyone in Venezuela a billionaire

dollar is worth wat is paid for it

The method is, insiders have access to the 'official' rate of exchange, so they bring in hard currency (like US dollars) and sell them on the black market for market value Bolivars, then take the near worthless Bolivars to their government buddies, and exchange them for some percent of the "official" rate of exchange for many many many more US dollars than the average nobody can ever get for them.

>"Official" means, this rate is available only to government "officials"

I repeat an outsider trying to enter the market without connections and protection, will be plundered and or killed.

I would buy some and frame them as a tribute to failure:socialism.

There are still retards who try to convince me every day that Venezuela is Communistic, but they literally work for USA, how else can dollar be worth anything in Venezuela? Dollar was banned in Socialism.
Like at this bible retard:
That's how lowest IQ looks like, he can't even connect in his head simple dots like Venezuela having dollar. Hopeless retard.

This person I was talking about originated from Colombia, so I guess he had connections with Venezuelans somehow, I recall they smuggled them into the country via shell companies.

The third post is probably describing what he was doing, I heard about this 3-4 years ago and who knows for how long he was in the business.

And ironically it would also serve as a tribute to capitalism, since someone sold them & you bought them.

>Dollar was banned in Socialism

In Venezuela it is illegal to exchange national currency for any other currency, even USD.

there is a black market though

Does that mean if I moved to venzuela I'd be rich?

Ok, how did you get this retarded?
Why can't you connect simple things like 1 +1 = 2 in your head? Venezuela exchanges to dollar, what's hard for you dumbass to understand? Is there special breed of retards you were born into to come out this retarded? IF VENEZUELA EXCHANGES TO DOLLAR THEN THEY ARE UNDER USA YOU TOP RETARD.

well shit no wonder you guys manually farm Runescape gold

It had the highest GDP per capita along with Argentina.
pt.knoema.com/jesoqmb/gdp-per-capita-by-country-statistics-from-the-world-bank-1960-2016?country=Mexico

Basically you have 2 exchange rates. You have the official, bank one, that Amigo #1 can never access for any purpose when you need to buy USD (or it is controlled). So he ends up buying it anyway (really needs it to import some shit) at the triple of the official rate in the black market.

Amigo #2 has a connect with the government/central bank/wtv, and he can freely make transfers to abroad, exchanging Bolivar for USD at the official rate. Someone outside the country withdraws the money, brings it to the streets of Venezuela (black market), and sells the USD to you Amigo #1. Amigo #2 grabs the dosh (this time it is triple the initial Bolivar amount). Transfers it again to abroad (at the official rate), rinse, repeat.
Same thing was done in Angola recently.

OK, lets start from beginning your 1 +1 = 2 lesson. Venezuela can calculate own currency to dollar. What does 1 +1 equal?

Think thank above CIA here... It's half true. You see if any the US intelligence is saving Maduro power group from conspiracies and revolts. Foreign intelligence agencies are the force and strategic advisers of the regime in exchange of possible hijack in the future when Venezuela gets better. So in resume everyone behind speeches is aiding Maduro.

But why the US? Because the Saudis want the Venezuelan reserve production froze as it is today. Not only OPEC but other groups too, even the Kremlin.

Communism frozes a national like no other, this is why your people are at their own now.

> Venezuelan
> Doesn't realize it is illegal to trade Dollar in his own country
82 IQ in action.

Dollar was a must in Soviet elites.

>China, Russia and Iran and looking at Venezuela right now as a potential ally
>Tfw, China and Russia are restructuring Venezuela's debt
>In return, China and Russia are really close to America and will make the region go hot
Why is no one talking about the recent actions of Russia and China in Latin America?
It's radio silence everywhere.

do you have food

>one of every type of car speaker in the door
what the fuck

If i can calculate own currency to dollar that means i am internationally run by dollar. I don't know how stupid you have to be to not understand this simple fact. Not only that, you also have stocks, since only stocks have such dumbass economy where value rises and falls based on bank data. You looked up stock value and you don't realize that's capitalism. You have 12 IQ. Stocks exist because of investment and profit. Investment and profit doesn't exist in Socialism.

They arent doing shit. Wtf are you talking about. Russia is putting spies everywhere to hijack Venezuela ala Syria if the regime collapses. China cares two shits about the politics of LA as long as they take the raw materials, their relationship with Maduro is to buy lots of poor oil at discount prices, in exchange of goods and washed bank accounts with billions.

if we can call cassava food, and rice every meal, yes I have some

enough to keep me alive since some months ago though

> "If i can calculate my own currency to BITCOIN it means i am internationally run by BITCOIN"
Please, learn to make proper arguments. You have no clue how currency works.

HAHAHA
Don't make up shit in your head. Socialism has nationalized banks, which means they own their own currency, can manipulate it how they want it, there's no dollar manipulation deciding value. Why would a nationalized bank allow dollar bank to influence it? Retard.

sauce on that

drop a pay pal if you want, maybe if i get a little bit of money i can drop something in.

BITCOINIGGERS BTFO!

SHOULD'VE INVESTED IN BOLIVAR YOU RETARDS

Lets ask the real questions.

How many dollars for top notch venezuelan pussy?

thats happening to the dollar right now lmao, people are more interested in bitcoin instead of the dollar.

You are a retard like all Christian capitalists. You invest money and don't understand you are giving somebody else money. Socialism doesn't invests you retard. Socialism owns property, doesn't needs investment. If i own my house i am not going to go and ask some neighbor of dollar to tell me how i need to clean my room. When you invest you obviously giving somebody else money and you are dependent on that somebody. Get this through your skull.

[email protected]

i really appreciate your help

You guys should try socialism, it would fix practically everything

Well Peru. China wants Venezuelan oil and so does Russia. Maduro is their pet at the moment. But if he fails to solve the debt issue, he's out and China and Russia will have a guaranteed satellite state. So far, the deal is for China to help with infrastructure and Venezuela to give them oil in return.
Russia is restructuring their debt for some partnership.
Here.
bbc.com/news/business-42006249
Which one?
China, Russia and, Iran got really busy in the last year.

Not an argument

You are clueless about the Black Soviet luxury mansions.
1) It was reached mainly by plane.
2) It had piles of dollars
3) Flights to Euro nations like Spain were common to buy luxury goods and bring third party services like construction and IT.

Now that you know the irony of it, go die in a hole.

There's absolutely no reason or argument in me needed to convert to dollar if bank runs only inside own country. You exchange to dollar when you have private investors into your country or you invest into another country, but that's capitalism. Socialism doesn't has private investment.

You are sinking in speeches. Actions differ. Russia isn't doing anything to help Maduro economically. China isn't helping the regime infrastructure at all. Russia doesn't want their oil, they want the entire next dictatorship just like Assad, for something more than oil.

Maduro isn't their puppet either. He is truly a lone wolf by now, a bad one of you ask me but protected by Russia spies from direct treats and US leaks about conspiracies.

Yes if they fail to pay sovereign bonds the international banking (US) will force to change the regime and ask the CIA to quit saving his ass and do the contrary. Russia will jump to ordering their never growing assets to help the CIA and put their own proxy elite. China stills cares two shits if there is a regime change, they will keep buying oil at discount.

the miss photo

Still didn't rebut my arugment, slav subhuman.

*Black sea

>But if he fails to solve the debt issue

He will fail, there isn't enough money, and China and Russia aren't paying our debt, else we wouldn't have had to go through restructuring/refinancing which also imply different economy policies

The dictatorship is already taking notes on how north koreans dealt with economic sanctions

bcv.org.ve/c4/notasprensa.asp?Codigo=13880&Operacion=2

im going to Venezuela and buying a mansion full of escorts

You are completely full of bullshit, trying to convince me i need jumbo mango currency when i pay with own currency. You only need mango bullshit currency like dollar when you invest from or to another country and even if i did that, there's no reason for me to get influenced by dollar and getting told how much i am worth. You are only told by dollar how much you are worth when your whole financial system is capitalistically tied to USA. That's like telling me i need to ask milk factory in USA how much my own cow produced milk is worth before i drink it.

Holy shit fuck Bitcoin imma invest in Venezuela.

Slav isn't even a race you literal Christianized capitalistic mongrel monkey.

Is this a good investment? Spend 1k USD to buy 100,000,000 Bolivar and wait 5 years for their shit to bounce back then exchange it back to USD?

Kek

giving somebody else money doesn't mean there is someone making profit.

first because I can be paying fixed prices
and second because of inflationary monetary policies}

there are others reasons

Brace your socialism you bigot

How much for a 12 year old whore?

Enjoy you sick bastard.
exhentai.org/g/582987/81c2b31524/

it's like this in most 3rd world countries
people with money buy up all the land and sell it when need be even though the cost of living and labor is cheap as shit, the land is not.
this is why most 3rd world countries don't let foreigners own land

Still didn't rebut my argument and lied by suggesting that is said "slav is a race" in any way.
Socialist IQ in action.

Currencies are like nationalities or religion. It's power is backed by the users. Do you think the US invest tons of money to the military complex because they like to be the world police and freedom insurance state? They do it to protect their main product: the dollar.

How it's supported is well described by many. From a solid support of international banking, to default reserve status among central banks, to strategic resources like oil, to even weaponized black markets giving it liquidity, to even entire agencies dedicated to marketing and politics around it.

Of course the Soviet elite knew their bloc was utter shit and deprecated by the years. Even Kim power group has dollars. Dollars are still the fiat accepted globally.

Having own car doesn't means i need to drive car in USA. What's so hard for you to understand? They are evaluated by dollar because they are capitalistic country owned by dollar banks. Monetary and stock influenced inflation doesn't exists in nationalized or Socialistic country, since for starters privatization doesn't exists, so you can't invest into stocks, secondly stocks don't exist, since investment doesn't exists. Ring any bells? Investment = privatization = dollar = foreign currency = stocks = CAPITALISM. Dollar is run by bank, now which bank might that be? Surely not Venezuelan bank. Why don't we exchange to cabbage instead of dollar? Because you are run by American banks.

Is actually 1 Bolivar = 10 USD, you idiots

Your IQ is lower than my dog. Your mind is so conditioned it hurts. Are you even able to rational think or just verbally shit propaganda all the day?

so should we hyperinflate USD to make it even or what? why can't they just sell cocaine to the U.S. again?