According to a column from the Washington Post, a friend of the author sent a picture of a trash can in Venezuela.
Francisco Toro explained that “strewn about in the trash are at least a dozen 20-bolivar bills, small-denomination currency now so worthless even looters didn’t think it was worth their time to stop and pick them up.”
Hyperinflation is so bad in Venezuela that 100 20-bolivar bills are equal to just one penny. That means each bill is worth $0.0001.
Things aren’t getting any better in Venezuela, either. In fact, Toro says, instead of holding onto money in Venezuela, you should hold on to other things of value. He writes, “Rule No. 1 of surviving hyperinflation is simple: Get rid of your money. Given the speed with which money is shedding its value, holding on to it means you’re losing out. The second you’re paid you run out as fast as you can to buy something – anything – while you can still afford it. It’s better to hold almost any asset than money, because assets hold their value and money doesn’t.” – READ MORE
[give_form id=”79809″] [divider][/divider]There is no question that the “socialist paradise” of Venezuela is in dire straights.
The promise of “equality” has resulted in citizens searching through garbage heaps in hopes of finding anything edible, getting into fights over daily necessities.
What has been circulating on the internet the past few days, however, might just trump it all.
In a shocking video recording at the fishing village of Palmarito in Merida, Venezuela, a large of group of men can be seen stoning a cow to death, shouting various exclamations of frustration over their extreme hunger, The Daily Mail reported.
The men stone the cow, and the poor animal does its best do defend itself from assailants, but it’s no use.
The animal is slaughtered at the hands of the starving attackers, who then fall upon it, presumably to distribute its meat for their homes and families. – READ MORE
[divider][/divider]Several people were killed and more than a dozen injured in socialist Venezuela on Thursday after they tried to loot stores for food so they would not starve to death.
AFP News reports that in the town of Arapuey, looters desperately tried to get food and clashed with the military, which resulted in approximately 100 arrests. According to the local press and the opposition party, four people were killed and 15 injured after violence erupted over attempts to loot food.
Four people are killed and 15 injured in violence linked to food looting in Venezuela, according to members of the opposition and the local press https://t.co/IyGFPxco2I pic.twitter.com/EFdPdYnbkB
— AFP news agency (@AFP) January 12, 2018
Key takeaways from AFP’s report include:
Universities in Venezuela say that 30.2% of Venezuelans face poverty, 51.5% face extreme poverty.
The Venezuelan government says that 18.3% of Venezuelans face poverty, 4.4% face extreme poverty.- READ MORE
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