Venezuelans Wait In 6 ATM Lines For Enough To Buy Rice
Long lines have been the norm in Venezuela for over a year now; shortages and rations just another part of their upended lives. But now, the sheer free fall of their currency’s value has made live even more precarious – forcing many to visit as many as six ATMs just for enough to buy very basic, cheap goods.
A package of rice cost 3,500 bolivars
6,000 bolivars is worth $1.30
You need a duffel bag just to cash a check for 44,000 bolivars which is like $10.
I'm surprised the military hasn't overthrown President Maduro but I'm guessing they are still getting paid and fed. I wonder if you can get gold or silver coins from any coin dealers or are they all being horded because according to this article 1 ounce of gold would cost around 7 million bolivars.
We should all take this as a warning to not invest all of our savings in fiat currency and have some of our savings invested in precious metals and tangible assets. Along with that have some long term food supplies so you don't have to wait all day at atms just to buy some rice.
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Decentralization can put a stop to this.
Yup, things would be a mess for about a year but after that things would start getting better.
Evolution/ Unfucking the past takes time. On the bright side, there is no place to go but up.
"All of this time you've been learning to crawl
When you're down on your knees you've got nowhere to fall
Get up!" ~Mike + The Mechanics
if you're lucky enough to survive the chaos.
socialism in action.
upvoted.
Isn't Socialism grand??? Time to rename it and try again!
Amazing isn't it ?
Totally corrupt