knowhow
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September 06, 2015, 01:46:17 AM |
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well one curious question is worthing print soo many money worthing 12 dollars the trees wont hold those prints forever.... and wow those news about a crash and the price raise all days sounds a nightmare one day you milionaire,other you rich then you become poor wow,really hope someday bitcoin or other currency just become universal ,that way the coin wont loose value or get trilions invested into buy or sell.
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Hugroll
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September 06, 2015, 02:01:01 AM |
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instead of printing a shit ton of lower denomination bills. why dont they just print bigger denomination bills. it'll function the same but you wont have to carry 10kg of bills in your hands when buying stuff.
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OROBTC
Legendary
Offline
Activity: 2912
Merit: 1852
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September 06, 2015, 04:57:22 AM |
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instead of printing a shit ton of lower denomination bills. why dont they just print bigger denomination bills. it'll function the same but you wont have to carry 10kg of bills in your hands when buying stuff.
For the same reason they won't print $500 or $1000 bills here in the USA (back in the 1930s they printed FRNs up to $10,000). It would be an admission of failure to maintain the value of the currency. (Well, for the "money laundering" excuse as well) The liars at .gov and .fed are going to hurt a LOT of people. Like in Venezuela. Don't be one of those who gets hurt (much). Get prepared for rough times.
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bryant.coleman
Legendary
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Activity: 3654
Merit: 1217
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September 06, 2015, 06:56:43 AM |
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instead of printing a shit ton of lower denomination bills. why dont they just print bigger denomination bills. it'll function the same but you wont have to carry 10kg of bills in your hands when buying stuff.
They will never do that. The Venezuelan government is actually denying the fact that hyperinflation is a serious issue in that country. Also, the official exchange rates are like 1 USD = 6.35 Venezuelan Bolívar (the black market rates are like 1 USD = 800 Venezuelan Bolívar). As per the government, the official exchange rates should be imposed everywhere.
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knowhow
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September 06, 2015, 12:53:37 PM |
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well those will crash the country on the next months for sure then they can think how to control those instead avoid the subject.
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botany
Legendary
Offline
Activity: 1582
Merit: 1064
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September 07, 2015, 04:14:02 PM |
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instead of printing a shit ton of lower denomination bills. why dont they just print bigger denomination bills. it'll function the same but you wont have to carry 10kg of bills in your hands when buying stuff.
This would solve the problem until those bills are deflated away.
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Hugroll
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September 07, 2015, 04:55:47 PM |
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is there anything they are doing to fix this hyperinflation. i have no idea how they're going to get out of this mess.
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wxa7115
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September 07, 2015, 05:18:48 PM |
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is there anything they are doing to fix this hyperinflation. i have no idea how they're going to get out of this mess.
Whatever measures that the Venezuelan government is taking will be temporary at best and counterproductive at worst. There is no other way than a return to capitalism and when that happens, a lot of people in Venezuela are going to be mad.
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██ ██ ██ ██
██ ██ ██ | | | | 10% CASHBACK 100% MULTICHARGER | │ | | │ |
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tonycamp
Member
Offline
Activity: 84
Merit: 10
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September 07, 2015, 05:21:43 PM |
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you shoud see how it fits into zinbabwe the coffe costs trillions of dollars into their currency soo they adopt also us insted of that left wing dollars
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wxa7115
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September 07, 2015, 05:43:55 PM |
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you shoud see how it fits into zinbabwe the coffe costs trillions of dollars into their currency soo they adopt also us insted of that left wing dollars
I have a Zimbabwe dollar just to remind myself of the st*pidity of central banks, governments and those that support them.
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| | . .Duelbits│SPORTS. | | | ▄▄▄███████▄▄▄ ▄▄█████████████████▄▄ ▄███████████████████████▄ ███████████████████████████ █████████████████████████████ ███████████████████████████████ ███████████████████████████████ ███████████████████████████████ █████████████████████████████ ███████████████████████████ ▀████████████████████████ ▀▀███████████████████ ██████████████████████████████ | | | | ██ ██ ██ ██
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██ ██ ██ ██
██ ██ ██ | | | | 10% CASHBACK 100% MULTICHARGER | │ | | │ |
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upsidedown75
Legendary
Offline
Activity: 1288
Merit: 1036
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September 07, 2015, 05:53:23 PM |
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Well, this is a great pic to show how fiat currencies could mutate your hard earned wealth into nothing. It is not only Venezuela, but also Zimbabwe or Argentina some years ago. Even Japan has got a high inflation rate.
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knowhow
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September 07, 2015, 09:17:05 PM |
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well the countrys should readjust to the new era that has begun already on the next days
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mrhelpful
Legendary
Offline
Activity: 1456
Merit: 1002
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September 09, 2015, 12:19:40 AM |
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is there anything they are doing to fix this hyperinflation. i have no idea how they're going to get out of this mess.
fiat form itself is a no option kinda situation for hyperinflation. its why you see countries like japan are in the same route. Heck we are all in it as long the paper keeps printing.
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butdabass
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September 09, 2015, 01:36:53 AM |
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what?? that sh*t what a money in venezuela??
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lissandra
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September 09, 2015, 02:16:35 AM |
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Well, this is a great pic to show how fiat currencies could mutate your hard earned wealth into nothing. It is not only Venezuela, but also Zimbabwe or Argentina some years ago. Even Japan has got a high inflation rate.
Basically venezuela isnt the only ones. I mean its just they have breached to their point sooner then most countries. Look at the U.S though, its ready to hit the stages soon once we actually cant print out anymore money then it needs to..
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luciann
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September 09, 2015, 04:10:23 AM |
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you shoud see how it fits into zinbabwe the coffe costs trillions of dollars into their currency soo they adopt also us insted of that left wing dollars
I have a Zimbabwe dollar just to remind myself of the st*pidity of central banks, governments and those that support them. Umm when you say people who support them.. You do notice thats everyone right lol. Cause last time I checked everyone has a checkings account belonging to some private bank eg: chase, bank of america, etc.
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techgeek
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September 09, 2015, 04:28:54 AM |
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you shoud see how it fits into zinbabwe the coffe costs trillions of dollars into their currency soo they adopt also us insted of that left wing dollars
this is how the u.s will become eventually. its going to be sooner or later though and when it does its going to be a rude awakening for most people.
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nickaizoku
Sr. Member
Offline
Activity: 308
Merit: 250
❃ CyberNick ❃
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September 09, 2015, 06:34:19 AM |
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wow! is that alot in Venezuela? i mean can buy alot of thing in there? economy... well if 0.037 in my country, its like RM35, well can eat for 2 days (lunch and dinner)
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Amph
Legendary
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Activity: 3206
Merit: 1069
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September 09, 2015, 09:40:14 AM |
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you shoud see how it fits into zinbabwe the coffe costs trillions of dollars into their currency soo they adopt also us insted of that left wing dollars
I have a Zimbabwe dollar just to remind myself of the st*pidity of central banks, governments and those that support them. i don't think they support them, the problem is that, they have no choice, they can't simply go out and adopt bitcoin or crazy shit like this
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