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Old 07-27-2018, 12:19   #184
Badger52
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Join Date: Jan 2011
Location: Western WI
Posts: 6,817
Hey, what about...?!?!

I'll admit; I pondered between cleaning patches as to whether to post this here or in Comedy Zone. Is this the opposite of just printing more money with Art Linkletter's portrait on it?

One Million Percent Inflation: Venezuela Removes Five Zeroes from Currency

Quote:
Venezuelan dictator Nicolás Maduro has removed five zeroes from the country’s bolivar currency amid inflation that is expected to reach one million percent by the end of the year.

The announcement comes two days after the International Monetary Fund predicted that Venezuela’s inflation would reach one million percent by the end of 2018. Maduro said the monetary conversion would spark “great revolutionary changes in the economy, which Venezuela demands.”

Such a measure is indicative of the unprecedented levels of inflation experienced by the bolivar currency, which has lost over 99.999 percent of its value since 2010 as a result of socialist economic policies started under Hugo Chávez that created a highly inefficient, nationalized economy.

At current exchange rates, one U.S. dollar is equivalent to 3.52 million bolivares, leading to a total collapse of people’s savings and livelihoods that has left large swathes of the population in desperate need of economic and humanitarian assistance.

Back in March, Maduro announced that the government would print money with three fewer zeros, although the plan was never carried out in full. He has also tried to solve the inflation crisis by repeatedly raising the country’s minimum wage, as well as releasing higher denomination bank notes to prevent people from thousands of banknotes to buy simple products.
Rest of the article here.

Damn, now I got David Gilmour's tremelo'd guitar licks & Roger Waters' voice in my head... better fire up the Strat.

Money, get away
Get a good job with good pay and you're okay
Money, it's a gas
Grab that cash with both hands and make a stash
New car, caviar, four star daydream
Think I'll buy me a football team

Money, get back
I'm all right Jack keep your hands off of my stack
Money, it's a hit
Don't give me that do goody good bullshit
I'm in the high-fidelity first class traveling set
And I think I need a Lear jet

Money, it's a crime
Share it fairly but don't take a slice of my pie
Money, so they say
Is the root of all evil today
But if you ask for a raise it's no surprise that they're
Giving none away, away, away
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"Civil Wars don't start when a few guys hunt down a specific bastard. Civil Wars start when many guys hunt down the nearest bastards."

The coin paid to enforce words on parchment is blood; tyrants will not be stopped with anything less dear. - QP Peregrino
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