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Shopping in Venezuela

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Gravel Road

Rancher

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1 Mar ’16 - 8:31 am

...say a piece last night about oil prices being down and how it effected oil based economies around the world. They showed some footage of Venezuela and the quick onset of unrest and empty stores. A couple of the interviews talked about growing food and guarding the plants/harvest from thieves. Desperate times are already on them and not likely to improve anytime in the foreseeable future.

"The universe is wider than our views of it." -HDT

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1 Mar ’16 - 9:27 am

The president just raised the price of fuel by 6000 percent, still incredibly cheap but we know what happens when an economy is based on cheap oil

http://www.theguardi.....kle-crisis

Gravel Road

Rancher

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1 Mar ’16 - 9:39 am

1.62 here at the bigger places like Costco/BJs/ and the bigger chains.

"The universe is wider than our views of it." -HDT

Gravel Road

Rancher

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1 Mar ’16 - 9:49 am

Good article on the bigger picture of their economy. A lot to fix...I don't think they can do it.

http://www.huffingto.....18760.html

"The universe is wider than our views of it." -HDT

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2 Mar ’16 - 7:45 am

someone should start growing wheat down there

Caracas (AFP) - At a popular east Caracas bakery, customers can buy Spanish olive oil, Italian tomato sauce and even American chocolates. But bread? Forget it.

Cardboard signs on the door warning of "No bread" have become increasingly common at Venezuelan bakeries.

Venezuela gets 96 percent of its foreign currency from oil exports, and as crude prices have plunged, so have the country's imports -- among them wheat.

The leftist government of President Nicolas Maduro has tightly controlled access to hard currency, and this has affected imports ranging from medicine to toilet paper. Now it is seriously affecting imports of wheat, which Venezuela does not grow.

Add to this the soaring inflation rate -- 181 percent in 2015, the world's highest -- and you see why customers are mainly interested in buying basic food items such as bread.

The few bakeries that can still get a hold of a 50-kilogram (110-pound) sack of flour to make bread limit their sales to just two "canillas" -- thin half-baguettes -- per person three times a day.

more http://news.yahoo.co.....57334.html