Venezuela to tackle inflation by removing zeros from their currency

Discussion in 'Latin America' started by martybegan, Jul 26, 2018.

  1. martybegan
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    martybegan Diamond Member

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    It's like fixing a leaking faucet on a sinking Titanic.

    Venezuela to remove five zeroes from ailing currency

    They should ask Zimbabwe if doing this helped slow the rate of inflation.
     
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  2. BasicHumanUnit
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    BasicHumanUnit Gold Member

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    Well if that doesn't represent the crazy "solutions" of Socialism....NOTHING does

    And it's simply mind blowing to think there are dumb asstards here in the land of plenty who want to bring that garbage to America!
     
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  3. EverCurious
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    EverCurious Gold Member

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    As long as the sheep believe in the currency it'll work - though I think the fact that they've eaten all the dogs and are down to shoe laces is going to have a negative impact...

    Sigh...
     
  4. Claudette
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    Claudette Gold Member

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    Remove the zero's??

    I'd like to meet the economist who came up with that.

    Let us know if it works. LOL
     
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  5. CrusaderFrank
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    CrusaderFrank Diamond Member

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    When did American Progressive democrat Socialist stop pointing to Venezuela as a nation we need to emulate?

    "The problem in Venezuela is not that socialism has been poorly implemented but that socialism has been faithfully implemented" -- DJT MAGA
     
  6. TroglocratsRdumb
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    TroglocratsRdumb Gold Member

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    NYT "In the last six months of 2017, 210,000 Venezuelans came to Colombia, according to officials"
    The Venezuelans will have to use force to remove Moduro out of power.
     
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  7. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Venezuela is a democrat Socialist success story! The Chavez family is now worth between $4 to 5 Billion!

    Good thing people are unarmed, eh kids?

    Venezuela bans private gun owners
     
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  8. Claudette
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    Claudette Gold Member

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    Well it certainly is a Socialist utopia.
     
  9. blastoff
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    blastoff Undocumented Reg. User

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    Think I read France did that in the 70s? Had to reprint paper currency eliminating lots of zeros, and on the new bills adding NF before the demoninations amounts so people would know they were New Francs.
     
  10. martybegan
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    martybegan Diamond Member

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    it can work IF AND ONLY IF economic reforms are made that deal with causes the runaway inflation at the same time.
     
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