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Venezuela Is Starving

searcher

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#1

Professur

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Sounds like a certain African country. Under one leadership, highly prosperous. The poor don't feel they're getting their share so management changes ... and the poor get their full share ... of what they make .. which is nothing. Coming to America soon.
 

Cigarlover

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#3
Don't these people live in one of the best climates on the planet? How could they not be growing their own food by now?
 

Joe King

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#4
Don't these people live in one of the best climates on the planet? How could they not be growing their own food by now?
I'm sure there are those who do, or a least try to, just to have it stolen by others.
 

nowon

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#5
I remember asking an oil company friend from Venezuela how come their country had so many problems. He gave an example of the magnitude of corruption they faced from each administration. One minister of public works imported crates of what was supposed to be construction equipment (millions of $$) from Europe. The crates were unloaded and sat for years before someone opened the crates to find crushed cars and other junk steel. The minister escaped to the UK and avoided extradiction by buying a title with the money.

Same ole, same ole
 

dacrunch

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#8
In a country with a 12-month/year crop growing season... The result of decades of corruption, living off oil revenues, not investing into self-sufficiency (partly by "bi-lateral deals" with US, who demanded purchasing US-made goods - food - in exchange for oil)... but exacerbated by the old-style USSR/Cuba policies since Chavez...
Only 23 million citizens... and total chaos...
 

searcher

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#9

GOLDBRIX

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Joe King

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#14
They Are Literally Starving In Venezuela And Yemen
Part of Yemen's problem is that virtually the whole country is hooked on Khat. Farmers would rather grow that than food crops. Is there anything they grow in Venezuela that the people there might be hooked on?

 

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#15
Lots of In-Laws next door in Ecuador and they are feeling the pressure. Their communist government just stole the latest election last month and installed another crony. South American people deserve better. Venezuela needs a military coup.

Look at how far back Colombia has crawled since they got rid of Pablo Escobar. They are respectable now relatively speaking. Mexico is now the drug joke of Latin America. It might take a serious American intervention to fix that backward country.
 
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blackgoldgq

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#16
Sounds like a certain African country. Under one leadership, highly prosperous. The poor don't feel they're getting their share so management changes ... and the poor get their full share ... of what they make .. which is nothing. Coming to America soon.
And if you are refering to Zimbabwe your analysis does not hold any water...
 

Professur

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#17
If you say so .. I can't force you to be right. But for the record, the country I was talking about was Rhodesia. Zimbabwe has never been anything except a shithole.
 

917601

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#19
image.jpeg
...........it took years for the collapse, it will take decades for a " recovery", if there ever is one....getting time for a one world money, that will fix all the problems.....
 

the_shootist

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View attachment 90698 ...........it took years for the collapse, it will take decades for a " recovery", if there ever is one....getting time for a one world money, that will fix all the problems.....
It might be a good time to get in on the bolivar!:belly laugh:
 

Mujahideen

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If you say so .. I can't force you to be right. But for the record, the country I was talking about was Rhodesia. Zimbabwe has never been anything except a shithole.
False.

There are many trillionairs in that country.
 

Professur

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#22
Hell, I'm a Zimbabwean trillionaire myself. Cost me .... Hmm, $10 US including shipping.
 

TAEZZAR

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#23
It might be a good time to get in on the bolivar!:belly laugh:
Be careful. I was in Peru the very day they cancelled the Sol & went to the Inti (both mean "sun" in each language).
The people were given a short time span to trade their large rolls of Soles for a few Inti's.

Beginning in 1979, larger demoninations of banknotes were issued by the Central Reserve Bank of Peru. These notes included the 10,000 Soles de Oro banknote, released in 1979, the 50,000 Soles de Oro banknote in 1982, and the 100,000 Soles de Oro banknote in 1985. By this time the exchange rate to the USD was 5,965.98 to 1.

The chronic inflation of the PEH resulted in its replacement with the Peruvian Inti (PEI) named after the Inca sun god. On February 1, 1985 old soles notes could be exchanged for new inti banknotes at a rate of 1000 PEH to 1 PEI. The initial value of the new currency was 11.65 PEI to 1 USD. Coins denominated in the new currency were put into circulation starting in May 1985 and banknotes followed in June of that year.

In 1986, the highest denomination was 1,000 intis. However in September 1988, amidst excessive printing of the currency by the government to fund expenditures (a practice known as seigniorage) monthly inflation soared to 132%. In August 1990, monthly inflation was 397%. At the end of that year, it took 516,989 PEI to purchase 1 USD. The highest denomination was 5,000,000 intis, released in 1991.



WOW WHAT A SIMULARITY !!!









THERE IS A STORY TO BE TOLD HERE .
 

the_shootist

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#24
Yep!! Been transferring FRNs into other forms of value for about two years now. I wouldn't say I'm immune to the dollar's collapse when (not if) it happens but I can say I'm fairly well protected against financial catastrophe.
 

nickndfl

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#25
Venezuela , Brazil and Argentina need to go on the $USD, believe it or not. Ecuador is on the dollar and it's what is keeping them afloat and limits the amount of government corruption (from 100% to 90%).
 

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#26
Venezuela , Brazil and Argentina need to go on the $USD, believe it or not. Ecuador is on the dollar and it's what is keeping them afloat and limits the amount of government corruption (from 100% to 90%).
Out of the pan & into the flame !
 

917601

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#27
image.png
Say what you will, but the USD has been the strongest currency for decades and will remain so. The USD " crash" has been predicted many a time since 2001, and again since the meltdown of 07/08, when the USD was at 70 something.....GUESS WHAT IT IS TODAY? ....popping 100! ....as long as all the other currencies are weak/weakening, the USD will remain King....in fact, I see 120 with Trump in charge.....PS, stop wasting decades preparing for a USD wipe out, if that occurs nothing will save your "wealth".
 
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nickndfl

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#28
Banana Republic governments cannot manipulate the $USD. They can only steal from their citizens instead of giving them worthless currency and stealing it too.
 

solarion

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#29
The USD index is just a measure of one crap fiat vs other crap fiat currencies...particularly the failing zerozone currency. Who gives an actual fuq what it says?

The purchasing power of the USD melts like an iceberg in Egypt.
 

917601

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#30
The USD index is just a measure of one crap fiat vs other crap fiat currencies...particularly the failing zerozone currency. Who gives an actual fuq what it says?

The purchasing power of the USD melts like an iceberg in Egypt.
...."no one, no one ever got rich betting against the USD"......a word of advice an extremely wealthy and elderly trader told me years ago....it has rung true for decades....
PS, he did make a fist full of USD's betting AGAINST gold.....that's another story.
 

solarion

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#31
...."no one, no one ever got rich betting against the USD"......a word of advice an extremely wealthy and elderly trader told me years ago....it has rung true for decades....
PS, he did make a fist full of USD's betting AGAINST gold.....that's another story.
Good for him, but it's pretty easy to calculate historic gains in USD terms by holding gold.

$28.39/Ozt in 1913 and $1224.80/Ozt right this moment. This is despite the corrupt criminal sh1tbags that run this failed republic overtly manipulating markets to contain the price of honest money. No sir, the USD will fail again just like it did as recently as August of 1971 and have to be replaced. The only question is, are the masses stupid enough to just blindly accept another crap fiat currency.
 

917601

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#32
Good for him, but it's pretty easy to calculate historic gains in USD terms by holding gold.

$28.39/Ozt in 1913 and $1224.80/Ozt right this moment. This is despite the corrupt criminal sh1tbags that run this failed republic overtly manipulating markets to contain the price of honest money. No sir, the USD will fail again just like it did as recently as August of 1971 and have to be replaced. The only question is, are the masses stupid enough to just blindly accept another crap fiat currency.
The masses realize it is the best fiat currency available, has been for years....do realize the DOW was in the 600's in the seventies, 22,000 today.....outperformed gold exponentially......gold is nothing more than catastrophic insurance, only called upon when an " accident" occurs....most folks pay way to much in insurance, ......life insurance, health insurance, car insurance, house insurance, renters insurance....Gold is money, but only when all other money fails.....
 

solarion

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#33
You have a strange idea about what the word "exponentially" means sir. Adjust that crap dow(measured in dollars) for real inflation and it hasn't done all that well.

The stock market is completely rigged crap at this point.
 

917601

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#34
"The stock market is completely rigged crap at this point."

Let me fix your statement , " The PM market is completely rigged cr@p at this point".
 

solarion

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#35
"The stock market is completely rigged crap at this point."

Let me fix your statement , " The PM market is completely rigged cr@p at thus point".
They both are...and it's not even a theory. The same scumbags rig them both, but only paper assets have counterparty risk that will sooner or later turn them into nothing.
 

TAEZZAR

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#36
How can anyone have faith in a monetary system that has gone from a 100 penny dollar to less than a 2.5 penny dollar?
The dollar shall die, it is just when will it die? It has been on artificial life support for 40 years.

Borrowed from solarion:
"A dollar is a receipt for a claim check on an IOU." - Mike Maloney
 

917601

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#37
How can anyone have faith in a monetary system that has gone from a 100 penny dollar to less than a 2.5 penny dollar?
The dollar shall die, it is just when will it die? It has been on artificial life support for 40 years.

Borrowed from solarion:
"A dollar is a receipt for a claim check on an IOU." - Mike Maloney
....still the best currency around. I can wallpaper my whole house with paper currencies that became worthless in my lifetime. I am not concerned, wake me up when we go cash less....then you will have my attention. In the mean time, I will keep multiplying my USD's through other investments whose return beats inflation. As for when will it die and when can I use it for wallpaper? ......after we do.
 

solarion

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#38
GUESS WHAT IT IS TODAY? ....popping 100! ....as long as all the other currencies are weak/weakening, the USD will remain King....in fact, I see 120 with Trump in charge.....PS, stop wasting decades preparing for a USD wipe out, if that occurs nothing will save your "wealth".
Wow, nice call numbers. You managed to pick the very top of the scheisse dollar market. Now down over 3% in a week vs even shittier shit. Perhaps your calls should come with a disclaimer of some sort at this point...we wouldn't want another shemitah debacle after all.

 

the_shootist

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#39
The masses realize it is the best fiat currency available, has been for years....do realize the DOW was in the 600's in the seventies, 22,000 today.....outperformed gold exponentially......gold is nothing more than catastrophic insurance, only called upon when an " accident" occurs....most folks pay way to much in insurance, ......life insurance, health insurance, car insurance, house insurance, renters insurance....Gold is money, but only when all other money fails.....
Which is why gold is not an investment for wealth, it preserves wealth and should be a PART of your portfolio. Just like you shouldn't have all your wealth in stocks, so should you not have all your wealth in metals.

Like anything else. it takes a little work to get it right