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I Lived Like a Baller for a Month in Venezuela on Just £75 (2015)

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Re: I Lived Like a Baller for a Month in Venezuela on Just £75 (2015)

#11
post #6
post #4

This guy seems like a decent writer. Apparently, if I hired him at US rates, he would be wealthy beyond his wildest dreams. Why isn't there more remote work going on?

Because they just enacted a law that allows the government and corporations to force employees to go work in the fields due the food shortage.

Most of the laws are never applied and specially in the case of the ones like this one that are clearly impossible to apply and mostly for the show.

Re: I Lived Like a Baller for a Month in Venezuela on Just £75 (2015)

#13
post #7

Things have changed a lot since this was written in December. I live in Caracas, there's massive national food shortages. Now you can't have 3 meals a day for a month with 100€, and would spend quite some time finding it (on the black market). Last time I saw sugar, it was around 3€ per kilo. Edit: If you want a realistic picture of how is life today, read this piece, written by a foreign journalist that actually liv…

>Now you can't have 3 meals a day for a month with 100€

Pretty insane that things can get so desperate that even hard currency can't get you 3 meals.

Re: I Lived Like a Baller for a Month in Venezuela on Just £75 (2015)

#14
post #13
post #7

Things have changed a lot since this was written in December. I live in Caracas, there's massive national food shortages. Now you can't have 3 meals a day for a month with 100€, and would spend quite some time finding it (on the black market). Last time I saw sugar, it was around 3€ per kilo. Edit: If you want a realistic picture of how is life today, read this piece, written by a foreign journalist that actually liv…

>Now you can't have 3 meals a day for a month with 100€ Pretty insane that things can get so desperate that even hard currency can't get you 3 meals.

It can happen anywhere there's fiat currency and long supply lines.

Re: I Lived Like a Baller for a Month in Venezuela on Just £75 (2015)

#15
post #7

Things have changed a lot since this was written in December. I live in Caracas, there's massive national food shortages. Now you can't have 3 meals a day for a month with 100€, and would spend quite some time finding it (on the black market). Last time I saw sugar, it was around 3€ per kilo. Edit: If you want a realistic picture of how is life today, read this piece, written by a foreign journalist that actually liv…

Yep, I'm living in Barquisimeto and between me and my wife we are making around $160 per month. We are scraping by.

Plus we've got a 3 month old baby, who luckily is exclusively breastfeeding, because baby formula is practically non-existent.

We had to pool about $60 to buy a sack of sugar in the black market and divide it among a bunch of family members.

Things are starting to look a lot more grim as time passes by and you realize that the government doesn't have the will to fix things and they are not going to go peacefully either. The outcome here is most likely going to be a violent one.

Re: I Lived Like a Baller for a Month in Venezuela on Just £75 (2015)

#16
post #4

This guy seems like a decent writer. Apparently, if I hired him at US rates, he would be wealthy beyond his wildest dreams. Why isn't there more remote work going on?

I have a few friends who hired programmers remotely, they had to fly down with cash to pay them, no other way to get them money. Eventually the situation got too dangerous despite the incredible wage arbitrage they were getting by paying in US dollars. (too dangerous for the employees who were getting robbed frequently, and the bosses to carry the cash down there)

I know Huawei and ZTE pay the very first employees they hired when they first setup offices here in Venezuela in USD and they are all paid in accounts in the US.

It used to be pretty easy to open an account in Panama or the US from Venezuela, don't know if that has changed. The thing is getting the funds for the initial deposit.

Re: I Lived Like a Baller for a Month in Venezuela on Just £75 (2015)

#17
post #14
post #13

Earlier quoted context omitted.

>Now you can't have 3 meals a day for a month with 100€ Pretty insane that things can get so desperate that even hard currency can't get you 3 meals.

It can happen anywhere there's fiat currency and long supply lines.

I often read that gold is superior to fiat currency, but how would any kind of currency or precious commodity make a difference in this case, since demand is outstripping supply of finite tangible goods.

Re: I Lived Like a Baller for a Month in Venezuela on Just £75 (2015)

#18
That was last year when the crisis could still be attributed to incompetence, mismanagement. The situation has changed considerably since then.

I'm going to call it now: the Venezuela crisis is not incompetence after all. It's the first steps of a highly competent plan to do what several other communist governments did last century: bring about the death of a large percentage of the country's population.

I don't lightly advocate military intervention. I think it's almost always the wrong thing to do. But I'm advocating it now. The communist government of Venezuela needs to be taken down hard and fast, before this turns into full-blown genocide.

Re: I Lived Like a Baller for a Month in Venezuela on Just £75 (2015)

#19

That was last year when the crisis could still be attributed to incompetence, mismanagement. The situation has changed considerably since then. I'm going to call it now: the Venezuela crisis is not incompetence after all. It's the first steps of a highly competent plan to do what several other communist governments did last century: bring about the death of a large percentage of the country's population. I don't ligh…

They don't have a communist government.

Re: I Lived Like a Baller for a Month in Venezuela on Just £75 (2015)

#20
post #4

This guy seems like a decent writer. Apparently, if I hired him at US rates, he would be wealthy beyond his wildest dreams. Why isn't there more remote work going on?

I have a few friends who hired programmers remotely, they had to fly down with cash to pay them, no other way to get them money. Eventually the situation got too dangerous despite the incredible wage arbitrage they were getting by paying in US dollars. (too dangerous for the employees who were getting robbed frequently, and the bosses to carry the cash down there)

Did they look into Bitcoin? It seems tailor made for this situation. Immune to hyperinflation, difficult for offline criminals to steal, and difficult for the government to block. There is a Venezuelan Bitcoin exchange SurBitcoin and also LocalBitcoins.com, though I don't know the feasibility of using either right now. But at least the initial payment would be no problem.
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