11–20 of 82 posts
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How would you say cryptocurrency or gold play into this?
Gold and cryptocurrencies work just like using the currency from some other country. Their exchange value don't reflect the economy that is using it and country can't have independent monetary policy.
You can find the dollar price here -> dolartoday.com You will find how poor all venezuelans are :(
I guess the only difference is that in the West, the money goes mostly to the banks, which distribute it to the companies or invest it in the stock market and real estate. Consequently, the rich get richer and the poor don't see any of this money.
But I can't see why the situation in Venezuela would be any different. I can't imagine the printed money reaches poor people - I mean, the recipients are most likely big companies and people close to the governments, the elite, exactly the same as in the US.
The United States has been working on a coup for Maduro, since its coup of Chavez hasn't worked out for it. This time it would really like to install Leonardo Lopez as he's willing to privatize Venezuelan oil to US companies. The US has been encouraging and organizing protests, gatherings and projecting anti-Maduro sentiment and news into the country. ( https://wikileaks.org/gifiles/releasedate/2012-06-18-08-canv...…
I live in Venezuela and item's prices are raising horrible, let me tell you something I am electrical engineer and computer engineer, and my salary is only 10.3$/month, ridiculous, but his is how socialism works everyone are equalized but to poverty. To buy a car in Venezuela you need to save money for 50 years without buying food supplies, to buy a house it takes 200 years, to buy dollars you need to be a friend of…
I wonder why there's inflation in Venezuela, and not e.g. in the EU or the US. In particular, how is the printing of money by Venezuela different from the printing that goes on in the West (Quantitative Easing). I guess the only difference is that in the West, the money goes mostly to the banks, which distribute it to the companies or invest it in the stock market and real estate. Consequently, the rich get richer an…
The United States has been working on a coup for Maduro, since its coup of Chavez hasn't worked out for it. This time it would really like to install Leonardo Lopez as he's willing to privatize Venezuelan oil to US companies. The US has been encouraging and organizing protests, gatherings and projecting anti-Maduro sentiment and news into the country. ( https://wikileaks.org/gifiles/releasedate/2012-06-18-08-canv...…
I live in Venezuela and item's prices are raising horrible, let me tell you something I am electrical engineer and computer engineer, and my salary is only 10.3$/month, ridiculous, but his is how socialism works everyone are equalized but to poverty. To buy a car in Venezuela you need to save money for 50 years without buying food supplies, to buy a house it takes 200 years, to buy dollars you need to be a friend of…
Earlier quoted context omitted.
I live in Venezuela and item's prices are raising horrible, let me tell you something I am electrical engineer and computer engineer, and my salary is only 10.3$/month, ridiculous, but his is how socialism works everyone are equalized but to poverty. To buy a car in Venezuela you need to save money for 50 years without buying food supplies, to buy a house it takes 200 years, to buy dollars you need to be a friend of…
I am not in Venezuela, but I work with some guys there. Your "10.3$/month" is a blatant, and pretty absurd lie. If this account created a few minutes ago is going to be used to spread lies, please use it somewhere else, not in HN. We don't need you.
Don't speak for me.
Given at least half of us have no idea what 10.3$/month is, why don't one of you enlighten us and let us draw our own conclusions?
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I live in Venezuela and item's prices are raising horrible, let me tell you something I am electrical engineer and computer engineer, and my salary is only 10.3$/month, ridiculous, but his is how socialism works everyone are equalized but to poverty. To buy a car in Venezuela you need to save money for 50 years without buying food supplies, to buy a house it takes 200 years, to buy dollars you need to be a friend of…
seems to work just fine in scandinavia
I wonder why there's inflation in Venezuela, and not e.g. in the EU or the US. In particular, how is the printing of money by Venezuela different from the printing that goes on in the West (Quantitative Easing). I guess the only difference is that in the West, the money goes mostly to the banks, which distribute it to the companies or invest it in the stock market and real estate. Consequently, the rich get richer an…
Poor people see it when they can still get loans because the government provides liquidity in the MBS market(specifically, subprime mortgages). Middle/Upper class see it when the government supports bond prices.
The situation in Venezuela is different because they used the state-owned oil producers to balance their deficit. My guess it that now that oil prices have tanked, they are dipping into their cash reserves to pay for the debt accumulated expanding their oil production
Earlier quoted context omitted.
I live in Venezuela and item's prices are raising horrible, let me tell you something I am electrical engineer and computer engineer, and my salary is only 10.3$/month, ridiculous, but his is how socialism works everyone are equalized but to poverty. To buy a car in Venezuela you need to save money for 50 years without buying food supplies, to buy a house it takes 200 years, to buy dollars you need to be a friend of…
seems to work just fine in scandinavia
So sad to see a beautiful country and people run into the ground by a corrupt regime.