And if you'd bought a million dollars in Venezuela's local currency when Hugo Chávez came to power in 1999, it'd now be worth 1 cent. http://datadrum.com pic.twitter.com/Y8zYnefE9X
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If you'd bought a million dollars in Venezuela's local currency when President Nicolás Maduro came to power in 2013, it'd now be worth 37 cents. http://datadrum.com pic.twitter.com/gBuDvzXk0v
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Socialism! Yay Bernie!
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The devaluation of the Bolivar can be attributed to governmental corruption, as can nearly every hyperinflation in recorded history.https://www.cato.org/research/world-inflation-and-hyperinflation-table …
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Also called socialism
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Meet. Wrong.
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If you were loco enough to buy a million $ in Bolivars, you’d have a magic group of friends in Miraflores who would say the magic corruption words and turn that million into a
@PDVSA contract, or a beef supply deal worth 50x that measly million...#Venezuela#KingOfCorruptionThanks. Twitter will use this to make your timeline better. UndoUndo
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Let’s see how the $ does once Trump is done in 6y
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Today’s is better than before ! Where do you live ?
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Sounds like my bitcoin portfolio
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Just imagine in you are in Venezuela and you bought Bitcoin on 2017....
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start of 2017 or end?! Big difference!
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Why dont other countries help Venezuela...so sad
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The help is required in first place to remove the criminal organization that factually rule the country
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This is how socialism works
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The results of socialism. How socialism works: 1) they sell it as the compassionate thing to do 2) the people buy into it and vote it into reality 3) we trade our freedom for security and have neither 4) once we lose control, a dictator takes it 5) its end is destruction
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And yet, the guy still shows himself currently in the media and, believe me, there are a bunch of people (including governments and multilateral entities) who listen to his nonsensical verbatin. Crazy!
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More proof that advocates of a UBI (Universal Basic Income) are misguided. We do not need equal access to government currency, we need equal access to land.
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How is this not just evidence against significant monetary inflation, and somehow also evidence against UBI (which can also be done through taxation)? [Unrelated: I don't think UBI is the best use of tax revenue (though not the worst either, by far).]
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