Venezuela Drifts into “Apocalypse” Territory

[Ponce]

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Venezuela Drifts into “Apocalypse” Territory

Submitted by IWB, on May 30th, 2016








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CARACAS, Venezuela — The courts? Closed most days. The bureau to start a business? Same thing. The public defender’s office? That’s been converted into a food bank for government employees.

Step by step, Venezuela has been shutting down.
The problem in Cuba has lasted for over 50 years, and yet.....no one is dead because of hunger.... When the Venezueland problem arrives in the US, and because of weapons, it will be 100 times worse than in that country. You can live just fine without "luxuries" and without the latest junks and "newer" cars....... being happy and healthy is the main thing.
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This country has long been accustomed to painful shortages, even of basic foods. But Venezuela keeps drifting further into uncharted territory.

In recent weeks, the government has taken what may be one of the most desperate measures ever by a country to save electricity: A shutdown of many of its offices for all but two half-days each week.

But that is only the start of the country’s woes. Electricity and water are being rationed, and huge areas of the country have spent months with little of either.

Many people cannot make international calls from their phones because of a dispute between the government and phone companies over currency regulations and rates.

Coca-Cola Femsa, the Mexican company that bottles Coke in the country, has even said it was halting production of sugary soft drinks because it was running out of sugar.

investmentwatchblog

[mamboni]

<sarcasm on>

Notice how in Venezuela's socialist paradise a la Bernie Sanders and Maduro how everyone is just bursting with eagerness to produce and provide for the collective; how all manner of food, clothing and supplies is in abundance; and no one wants for anything, be they able bodied or crippled. There is no envy or jealousy because everythiing is distributed according to need. Life is care free and fulfilling. If only America could emulate this perfect symbiosis.

<sarcasm off>

[Shami-Amourae]

F


http://1u88jj3r4db2x4txp44yqfj1.wpengine.netdna-cdn.com/wp-content/uploads/2014/11/callofdutyadvancedwarfare-930x523.jpg

[foolsgold]

MUST SEE VIDEO! THE FALL of “POLITICALLY CORRECTNESS” IS HERE! HILARIOUS


what video

[Shami-Amourae]

what video


This apparently:

https://www.youtube.com/watch?v=myfV_jcJABQ

[monty]

http://youtu.be/fHMoDt3nSHsIt is here:

http://investmentwatchblog.com/must-see-video-the-fall-of-politically-correctness-is-here-hilarious/

Youtube: https://youtu.be/fHMoDt3nSHs

[Glass]

you know things are rock bottom when there is no coke-cola. This is it!

On the upside, it is good for climate change. Less CO2 being released. Coke-cola produces 1.5 gigatons of CO2 world wide each year.

[slvrbugjim]

<sarcasm on>

Notice how in Venezuela's socialist paradise a la Bernie Sanders and Maduro how everyone is just bursting with eagerness to produce and provide for the collective; how all manner of food, clothing and supplies is in abundance; and no one wants for anything, be they able bodied or crippled. There is no envy or jealousy because everythiing is distributed according to need. Life is care free and fulfilling. If only America could emulate this perfect symbiosis.

<sarcasm off>


Brilliant thanks

[mamboni]

https://www.youtube.com/watch?v=YhXjbbOYaIs

[Hitch]

What's interesting, is what is happening to the price of gold in Venezuela. Up until around March, the price was fairly stable, around 7500 VEF. Then, within a month, the price shot up quickly to over 12,500 VEF. Then it stabilized and that's where it is at today.

So, based on that, it seems during a full on collapse, there is a flight into gold at the beginning, or maybe just before the beginning. Then, during the currency collapse, the price of gold doesn't seem to matter anymore. Almost like the big players get out of the currency, then everyone is just trying to survive.

It's like what we have been saying before. Gold is for after the collapse, not during it. Gold will protect wealth and purchasing power once a new fiat currency has been created.

Here's a link for a chart on gold in Venezuela.

http://www.goldrate24.com/gold-prices/south-america/venezuela/

[Neuro]

What's interesting, is what is happening to the price of gold in Venezuela. Up until around March, the price was fairly stable, around 7500 VEF. Then, within a month, the price shot up quickly to over 12,500 VEF. Then it stabilized and that's where it is at today.

So, based on that, it seems during a full on collapse, there is a flight into gold at the beginning, or maybe just before the beginning. Then, during the currency collapse, the price of gold doesn't seem to matter anymore. Almost like the big players get out of the currency, then everyone is just trying to survive.

It's like what we have been saying before. Gold is for after the collapse, not during it. Gold will protect wealth and purchasing power once a new fiat currency has been created.

Here's a link for a chart on gold in Venezuela.

http://www.goldrate24.com/gold-prices/south-america/venezuela/

Isn't the price of gold related to price of dollars in Venezuela?

[Joshua01]

What's interesting, is what is happening to the price of gold in Venezuela. Up until around March, the price was fairly stable, around 7500 VEF. Then, within a month, the price shot up quickly to over 12,500 VEF. Then it stabilized and that's where it is at today.

So, based on that, it seems during a full on collapse, there is a flight into gold at the beginning, or maybe just before the beginning. Then, during the currency collapse, the price of gold doesn't seem to matter anymore. Almost like the big players get out of the currency, then everyone is just trying to survive.

It's like what we have been saying before. Gold is for after the collapse, not during it. Gold will protect wealth and purchasing power once a new fiat currency has been created.

Here's a link for a chart on gold in Venezuela.

http://www.goldrate24.com/gold-prices/south-america/venezuela/

I agree. Gold won't be of much use when there is nothing to buy during a collapse. That's why you also need to stockpile food, water, guns and ammo. The gold will come into play more after the collapse and during the recovery (read: long term, not short term)

[ximmy]

http://www.blacklistednews.com/What_Food_Costs_in_Venezuela%3A_Eggs_%24150_a_doze n%2C_Dry_Milk_%24100_a_pound/51582/0/38/38/Y/M.html

Eggs $150 a dozen, Dry Milk $100 a pound
Now, those who are having difficulty finding food in Venezuela have another problem: being able to afford it. Food costs in Venezuela have soared so high, they’re practically extraterrestrial. Those who didn’t stock up on emergency food (http://preppersmarket.com/) back before the government there made it illegal (http://www.theorganicprepper.ca/could-prepping-become-illegal-here-too-venezuelan-govt-to-detain-hoarders-10042013) are now probably fervently wishing they had.
Here’s a crash course on hyperinflation.
Hyperinflation is when prices increase to ridiculous amounts very quickly, and it usually happens when a country’s currency becomes worthless due to economic collapse or deficit spending, after the government prints more money that is backed by nothing. Hyperinflation nearly ruined Zimbabwe (http://amzn.to/1Uh4KtP) after the government unrestrainedly printed money to fight a war . It reached a staggering 2.2 million percent increase. The most famous case of hyperinflation occurred in the Weimar Republic of Germany in 1922-1923 (http://amzn.to/1sLKdao). In these cases, hyperinflation reached 1,000,000,000,000 to 1. (source (http://total%20hyperinflation%201%2C000%2C000%2C000%2C000 %20to%201./))
Let me repeat one key point: Hyperinflation occurs due to economic collapse and when the government prints too much worthless money. Sound familiar? *cough*quantitative easing*cough*
The food costs in Venezuela have reached hyperinflation levels.
The IMF has predicted that inflation in Venezuela will reach 720% (http://www.latimes.com/topic/business/macroeconomics/international-economic-institution/international-monetary-fund-ORGOV0000244-topic.html) this year, while other experts set that number at 1200%. The drop in oil prices is partly to blame, as is the irresponsible spending of a socialist government.
An article in the LA Times (http://www.latimes.com/world/mexico-americas/la-fg-venezuela-inflation-0531-snap-htmlstory.html) sheds some very personal light on the situation there. A reporter interviewed a woman named Maria, a single mother who works as an accounting assistant for the government.

“Her monthly pay, including a food allowance, is 27,000 bolivars.
That’s $2,700 a month at the official exchange rate of 10 bolivars to the dollar. But Venezuelans have so little faith in their currency — or the government’s ability to fix the country’s deepening economic crisis — that a dollar can fetch upward of 1,000 bolivars on the black market. At that rate, Linares earns just $27 a month.”
Maria told the reporter that her family subsists on eggs, cassava, cornmeal, and powdered milk. She said they hadn’t eaten chicken since December.
She lines up overnight to get to shop in the government regulated grocery store, but often, by the time she gets in, they are sold out. Then she has to buy her food on the black market. The last time she managed to purchase food at one government store was 3 months ago.
The price of eggs at the store is the equivalent of $45 USD. The price that Maria has to pay to the illegal street vendors is…are you sitting down? $150 per dozen. One hundred fifty dollars. For twelve eggs.
She pays about $20 per pound for cassava and $75-100 per pound for dry milk. Recently, the price of corn flour rose from 95 cents a pound to $9.50 per pound.
One source disagrees vehemently with the contents of the LA Times article.
Telesur disputes the claim that eggs cost $150 (http://www.telesurtv.net/english/news/Do-Eggs-in-Venezuela-Actually-Cost-150-a-Dozen-20160531-0039.html), stating, “International media outlets are continuing to misreport the economic crisis in Venezuela and the effect of high inflation on the cost of living.”
But, as always, you have to consider the source. Telesur is an English-speaking news source, created to offer a “Latin-American perspective” on world events. But according to the International Business Times (http://www.ibtimes.com/venezuelas-telesur-branches-english-counter-us-news-1642346), the “news” you’re getting comes straight from the government party line.

“The new initiative, supported by President Nicolás Maduro’s administration and touting a leftist, social-oriented message, brings the TeleSUR network into the same ranks as Al-Jazeera English, China Central Television, Russia Today and France 24 as a government-funded effort to produce English-language news from non-English-speaking countries.”
Again…sound familiar? And I’m not just talking about that scene in The Interview (http://amzn.to/1WYNU9l) when the dorky news guy discovers that even though it appears that there is food in the grocery stores, it’s all fake food made of plaster.


Oh…they’re also out of beer.
If running out of food and toilet paper wasn’t bad enough, the country is also just about out of beer. According to CEO Lorenzo Mendoza, the country’s largest brewery and private food company, Empresas Polar, is no longer allowed to import barley to make beer due to President Maduro’s policy that closed the door on imports.

[Neuro]

Isn't the price of gold related to price of dollars in Venezuela?

Aha I see it now, the price of gold is related to the official price of dollars at around 10 Bolivar to the Dollar, however the black market rate is close to a thousand Bolivar to the $. Which means the black market rate for an ounce of gold would be around 1.2 million bolivar, being able to buy it for less than that would be an absolute bargain!