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Venezuela no longer has rnough money to keep printing money
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DangerDuke
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29 Apr ’16 - 3:08 pm
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Well, stick a fork in 'em. This is what socialism comes down to folks. Venezuela no longer has the money to keep printing enough money to keep up with their inflation.

"Venezuela’s epic shortages are nothing new at this point. No diapers or car parts or aspirin -- it’s all been well documented. But now the country is at risk of running out of money itself.

In a tale that highlights the chaos of unbridled inflation, Venezuela is scrambling to print new bills fast enough to keep up with the torrid pace of price increases. Most of the cash, like nearly everything else in the oil-exporting country, is imported. And with hard currency reserves sinking to critically low levels, the central bank is doling out payments so slowly to foreign providers that they are foregoing further business.

Venezuela, in other words, is now so broke that it may not have enough money to pay for its money."

 

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K
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30 Apr ’16 - 7:38 am
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Damn, wonder how it is all going to end up for them

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DangerDuke
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30 Apr ’16 - 7:51 am
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My opinion is there is going to be a coup or a revolution. Where it goes from there is anyone's guess.

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K
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30 Apr ’16 - 8:58 am
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hopefully it doesn't spread to other countries and destabilize the area

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DangerDuke
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2 May ’16 - 10:28 am
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or maybe it'll be good for the US. We can swoop in with our military and provide "security" while getting access to all that cheap oil...

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K
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3 May ’16 - 10:02 am
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time to "liberate" some people

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DangerDuke
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5 May ’16 - 6:20 pm
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'murica

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