Bitcoin Forum
September 22, 2018, 08:10:05 AM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: The rich poorest country  (Read 26 times)
xWolfx
Member
**
Offline Offline

Activity: 98
Merit: 16


View Profile WWW
August 17, 2018, 03:41:42 PM
 #1

This was originally an answer i wrote in a new topic. Decided to open a totally new one to do what dictators really hate. People who inform.

I had the bad luck of being born in Venezuela. Things are getting worse extremely fast to the point surviving it's a big challenge if you are not corrupt.

I believe that not only communism is to blame, but also to the people who allow it and support it inside a country. Nicaragua and Mexico are on their way to this situation in a matter of some years.

Dollar, decades ago was almost as the same price as Venezuelan currency, thanks to the big production of oil mainly. The situation have been degenerating incredibly fast. This year, the annual inflationary rate quadrupled in a matter of two months to 18,000%.
https://www.miamiherald.com/news/nation-world/world/americas/venezuela/article210282264.html

Right now, the inflationary rate is around 42,000% and rapidly growing everyday that passes by.
https://www.twitter.com/steve_hanke/status/1012790558924984322

Do you imagine going to the buy something right now and then you go in some hours and the price went up? It could happen right?. Not a bad thing - What about that happening everyday without exception?

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

Remember how i said that the Venezuelan currency used to be almost at the same price as the dollar? Right now $1 equals 6.000.000.000bs and going up everyday. The past president Chavez took three zeros out of the currency so the mental impact wasn't so bad, instead of solving the problem. They decided to take five zeroes out of the currency instead of only two. It will start on August 20th.

More info: https://www.ndtv.com/world-news/inflation-hit-venezuela-to-remove-five-zeroes-from-currency-1889867

And here: https://www.youtube.com/watch?reload=9&v=I9tH8DTqUZo

If you think things are bad in your country, look again. You might be missing a couple of things to be grateful for. It should be an example for all countries, to not be a rich country and at the same time the poorest country in the world.

1537603805
Hero Member
*
Offline Offline

Posts: 1537603805

View Profile Personal Message (Offline)

Ignore
1537603805
Reply with quote  #2

1537603805
Report to moderator
1537603805
Hero Member
*
Offline Offline

Posts: 1537603805

View Profile Personal Message (Offline)

Ignore
1537603805
Reply with quote  #2

1537603805
Report to moderator
1537603805
Hero Member
*
Offline Offline

Posts: 1537603805

View Profile Personal Message (Offline)

Ignore
1537603805
Reply with quote  #2

1537603805
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1537603805
Hero Member
*
Offline Offline

Posts: 1537603805

View Profile Personal Message (Offline)

Ignore
1537603805
Reply with quote  #2

1537603805
Report to moderator
dothebeats
Legendary
*
Offline Offline

Activity: 1582
Merit: 1064

Deleted posts: 91


View Profile
August 17, 2018, 05:36:45 PM
 #2

Venezuela is the worst country to live in right now given the exorbitant inflation rates and the corrupt government. The only thing citizens can do right now is to go away from the country and start somewhere else. No matter how hard the Venezuelan government tries to change what's happening in the said country, it's far for being saved and a new government with less corrupt official is the last hope from an utter destruction and anarchy. Perhaps it'll take a long time but then it's the only solution: overthrow the corrupt government and start anew.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!