Latin America

Zorro

(15,749 posts) Sat Mar 7, 2015, 06:37 PM Mar 2015

Venezuela’s Currency Circus

In a faraway land, an eccentric king nailed an edict to the door of his palace that said: “Henceforth, $20 bills will be sold here for $1.”

Within minutes, his subjects were clamoring for those cut-rate twenties. So the king posted a second edict: “Each $20 bill shall be used only to buy things abroad.” Then a third: “Whatever you buy abroad with your $20 you must sell in our kingdom for $2.”

“This will make me beloved!” he thought. “Foreign goods will be cheap for all.”

But it didn’t work out that way. Soon, the lines for $20 bills were matched by lines at every store that sold foreign goods.

http://www.nytimes.com/2015/03/07/opinion/francisco-toro-dorothy-kronick-venezuelas-currency-circus.html

4 replies

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Venezuela’s Currency Circus (Original Post) Zorro Mar 2015 OP

Wait for the cut and paste about Allende and/or COLGATE4 Mar 2015 #1

I noticed the I<3Hugo fanclub has been really silent lately about Venezuela Marksman_91 Mar 2015 #2

Yep. The wheels are coming off and there's no longer COLGATE4 Mar 2015 #3

Well it's a bit quieter because one particularly noisy Chavista is in the DU timeout penalty box Zorro Mar 2015 #4

COLGATE4

(14,732 posts)

1. Wait for the cut and paste about Allende and/or

Reply to Zorro (Original post)

Sun Mar 8, 2015, 10:15 AM

Mar 2015

"why don't we bitch about Mexico" in 3....2....1....

Marksman_91

(2,035 posts)

2. I noticed the I<3Hugo fanclub has been really silent lately about Venezuela

Reply to COLGATE4 (Reply #1)

Sun Mar 8, 2015, 01:36 PM

Mar 2015

I guess maybe they haven't really come up with anything new to say other than "CIA BAD! US BAD! US is sabotaging Venezuela because ALLENDE 1973." It gets to a point when you say something so many times that you just get tired of saying it, especially after the long passage of time without anything changing proves you wrong.

COLGATE4

(14,732 posts)

3. Yep. The wheels are coming off and there's no longer

Reply to Marksman_91 (Reply #2)

Sun Mar 8, 2015, 01:41 PM

Mar 2015

any denying it. The more Maduro acts the more evident the total ineptness of his 'leadership' becomes apparent to even the casual observer. They can console each other that they alone know the 'truth' but they aren't going to persuade many unbiased readers that everything that's going wrong in Venezuela is the US's fault.

Zorro

(15,749 posts)

4. Well it's a bit quieter because one particularly noisy Chavista is in the DU timeout penalty box