Venezuela so broke it cant afford to print money

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• Eleventynomics on display for the world to see.

• Also on that site: "President Maduro to Venezuelans: Turn Off Hairdryers"

  https://panampost.com/sabrina-martin/2016/04/11/maduro-venezuelans-turn-off-hairdryers/

  Also, all Venezuelans shall wear their underwear on the outside.

  • I can't help wondering how much electricity hair dryers use. Is that really a significant savings they're talking about?

    • A hair dryer uses about 1500 watts of electricity. That's 1.5 Kilowatts per hour. If a kilowatt hour of electric costs $0.10, then 15 minutes of hair dryer use costs $0.025. If 1 million people stop using their hair dryers, it will save $25,000.00 a day, or $875,000,000,000,000,000,000.00 (875 Quintillion) Bolivars a day.

      • Well, when you start talking quintillions, that's obviously a lot of money. But does anybody on Planet Earth sill blow dry their hair?

• Coming to a country with garbage monetary/fiscal policy near you.

  http://money.cnn.com/2015/06/12/news/zimbabwe-currency-dollar/index.html

• If Venezuelans can't get government dollars what are they going to use for toilet paper? It's about all the bolivar is worth, especially since Charmin is not available on store shelves.

• Does Bernie Sanders know of this?

  Does Hillary know of this?

  Does Obama know of this?

  • Of course they do, but they think they can do it better.

  • Do all the new socialist, who just became socialists since Bernie told them to, know about this?

    • Do all the protesting assholes that are anti-capitalism know this. If not, lets quickly send them there and tell them it's an anti-capitalistic paradise.

• There's nothing to buy, anyway, so why bother with money?

  • And who is dumb enough to accept Venezuelan currency as payment? The original bolivar, which was pegged by the government to an exchange rate of 1600 to one U.S. dollar, was devalued by 1000 to 1 and replaced by the new bolivar in 2008, which in turn is currently worth less than 10 cents U.S. Basically, you need a wheelbarrow full of bolivars to buy a loaf of bread... and that's only IF you can find a loaf of bread to buy.

    • You ever heard the joke about the guy who had a wheelbarrow full of money in Caracas? He was robbed...they stole his wheelbarrow.

    • On the way to the Zimbabwe $100 trillion dollar bill.

      • Or the American $100 trillion dollar bill?

        • Oh, just give it some time.

• Don't worry. It will all work differently when the white guy from Vermont tries it.

  • Even if the old ignorant angry guy from Vermont does not make it work, stupid leftists will keep trying to find the person to make 1+1=POTATO.

  • Riiiight...