Topic: This is how 0.037 Bitcoins looks like in Venezuela - page 12. (Read 31697 times)
well open new projects in other country may become a nightmare even when all know it can reach sucess in a short time,soo pretty sure those easy ideas had been thinked but reaching the country is harder then it looks buracracy always stop investments.
I may have found a way to get some VEF bills to the United States. Currently finalizing the planning with someone, then I was planning on opening up a US group buy for anyone who might want some. Details to follow.
Congratulations To Bolivarian Socialism: Venezuela's Inflation Rate Is 808%
http://www.forbes.com/sites/timworstall/2015/08/28/congratulations-to-bolivarian-socialism-venezuelas-inflation-rate-is-808/
http://www.forbes.com/sites/timworstall/2015/08/28/congratulations-to-bolivarian-socialism-venezuelas-inflation-rate-is-808/
Wow, look at that. Venezuela wins the Zimbabwe Trophy this year. Picture-perfect snapshot of Corrupt Socialism in action. I hope it does not happen here (USA).
Brazil is not looking too good either, with their huge corruption scandal and the almost unbelievable arrogance of President Rousseff.
Peru so far does not seem to have hit turbulence (at least via are company's sales down there), but seems very vulnerable to China not buying much copper, iron ore, etc. for the next, erm, next, uhh, long time.......
Congratulations To Bolivarian Socialism: Venezuela's Inflation Rate Is 808%
http://www.forbes.com/sites/timworstall/2015/08/28/congratulations-to-bolivarian-socialism-venezuelas-inflation-rate-is-808/
http://www.forbes.com/sites/timworstall/2015/08/28/congratulations-to-bolivarian-socialism-venezuelas-inflation-rate-is-808/
Thieves rob a bank and instead of taking money they steal printers and tvs
http://50noticias.com/2015/08/ahh-yaaa-roban-banco-en-la-castellana-y-se-llevan-solo-impresoras/
http://50noticias.com/2015/08/ahh-yaaa-roban-banco-en-la-castellana-y-se-llevan-solo-impresoras/
Lol, luckily for me I can read Spanish, it’s funny and sad at the same time.
...
Martin Armstrong is an economist who is busy trying to get a supercomputer to help him and his clients understand the future. He is very bright, beyond question. But, he may not be for everyone.
In particular, .gov Venezuela would not like his take on Venezuela's hyperinflation (article today -- Sunday). He contends that it is their people's lack of confidence in the government and monetary system:
http://www.armstrongeconomics.com/archives/36109
Martin Armstrong is an economist who is busy trying to get a supercomputer to help him and his clients understand the future. He is very bright, beyond question. But, he may not be for everyone.
In particular, .gov Venezuela would not like his take on Venezuela's hyperinflation (article today -- Sunday). He contends that it is their people's lack of confidence in the government and monetary system:
http://www.armstrongeconomics.com/archives/36109
...
Venezuela is a place where ugly things are happening, and the near-future looks to be even worse. Chavez/Maduro have so entrenched themselves (via ELECTIONS, among other things) that they look to be there for a LONG time.
I am by no means an expert on Venezuela. For a short time (three years or so in the 1990s) I sold auto parts to a manufacturer's rep there, and I visited twice. I saw that it was corrupt (the old two parties). I guess Venezuelans got tired of them.
But what they have now is far worse. And, as pointed out above, oil is down and crime is way up. Things will probably worse before they get better.
I do not wonder when I see "S.O.S. Venezuela" written on cars in my city.
Venezuela is a place where ugly things are happening, and the near-future looks to be even worse. Chavez/Maduro have so entrenched themselves (via ELECTIONS, among other things) that they look to be there for a LONG time.
I am by no means an expert on Venezuela. For a short time (three years or so in the 1990s) I sold auto parts to a manufacturer's rep there, and I visited twice. I saw that it was corrupt (the old two parties). I guess Venezuelans got tired of them.
But what they have now is far worse. And, as pointed out above, oil is down and crime is way up. Things will probably worse before they get better.
I do not wonder when I see "S.O.S. Venezuela" written on cars in my city.
Thieves rob a bank and instead of taking money they steal printers and tvs
http://50noticias.com/2015/08/ahh-yaaa-roban-banco-en-la-castellana-y-se-llevan-solo-impresoras/
http://50noticias.com/2015/08/ahh-yaaa-roban-banco-en-la-castellana-y-se-llevan-solo-impresoras/
Venezuelan oil just dropped to 34$, so far the inflation is more than 170% and the year hasn't even ended, fuck me.
Yes, is very f*cked the situation here. 
A week ago, a woman stabs an old woman to stole her a package of diapers (That she bought doing row by hours) , that happened in a supermarket near my house.
A few years ago wasn't so insecure like now...
So sad, but this will only get worse, people won't change...
A week ago, a woman stabs an old woman to stole her a package of diapers (That she bought doing row by hours) , that happened in a supermarket near my house.
A few years ago wasn't so insecure like now...
So sad, but this will only get worse, people won't change...
Typically in history we see that crime goes up when economies go down sharply.
TODAY, WTI Crude Oil fell briefly under $40 / bbl. Lowest since 2009. Oil at around $40 (it bounced back up a small amount) means that Venezuela is likely to be hurting for a long time.
And CHINA will not come to their rescue. China rescues NO ONE.
* * *
The stock market finally cratered in the past two days, over 5% here in the USA.
Good topic! I like.
Crazy !
If you make around - 0.05 - 0.06 or more BTC a month there you can live ok . But all the stress there not worth it .
I can live a great life there only from the money my state give me to help with my kids which is about 60 euro , may 65 dollars or more .
But not to have access to toilet paper , to buy diapers you have to bring the birth certificate . You can`t find milk , sugar , flower etc in normal shops you can buy stuff on the black market but cost a lot more , defently not worth it .
Sad , because Venezuela can have a lot of money ...
If you make around - 0.05 - 0.06 or more BTC a month there you can live ok . But all the stress there not worth it .
I can live a great life there only from the money my state give me to help with my kids which is about 60 euro , may 65 dollars or more .
But not to have access to toilet paper , to buy diapers you have to bring the birth certificate . You can`t find milk , sugar , flower etc in normal shops you can buy stuff on the black market but cost a lot more , defently not worth it .
Sad , because Venezuela can have a lot of money ...
Anyone live there and want to sell these bills and make some money? I am willing to pay over the black market exchange rate for a couple stacks of these bills if someone is willing to pack them up and ship them to the U.S.
LOL! I now wish I had saved up a bunch of those old 1,000,000 Peruvian Inti banknotes (1980s). At then end (before they made a new currency, again...) they were worth about a buck.
While Peru's hyperinflation was raging, you could get all kinds of denomination: the 50,000 intis note was worth something on one visit, the next time we went it was worth nearly ZERO.
Yes, is very f*cked the situation here.
A week ago, a woman stabs an old woman to stole her a package of diapers (That she bought doing row by hours) , that happened in a supermarket near my house.
A few years ago wasn't so insecure like now...
So sad, but this will only get worse, people won't change...
A week ago, a woman stabs an old woman to stole her a package of diapers (That she bought doing row by hours) , that happened in a supermarket near my house.
A few years ago wasn't so insecure like now...
So sad, but this will only get worse, people won't change...
Anyone live there and want to sell these bills and make some money? I am willing to pay over the black market exchange rate for a couple stacks of these bills if someone is willing to pack them up and ship them to the U.S.
damn thats alot of paper money
thats some mega inflation right there lmao
hope it won't happen to my country
but good thing they embraced BTC
thats some mega inflation right there lmao
hope it won't happen to my country
but good thing they embraced BTC
If the conditions persists to be stagnant , i will move to Venezuela or Zimbabwe or Argentina.
I had embraced BTC over 2 years back and i have some sufficient amount.
Please keep updating this thread as it invokes light in me.
I had embraced BTC over 2 years back and i have some sufficient amount.
Please keep updating this thread as it invokes light in me.
If u want to move to a cheap country and live like a king, you should go to Philippines, its fun and girls are hot, 40 peso or 1$ and u can eat all rice u want on a restaurant, and u can live with less than 1000$ a month, retirement visa for over 35 years old its only 10.000 and u can use that money to buy real estate.
I been there a few times, and I'm planning to move there soon.
But Venezuela its unsafe, I will not thinking going there soon, people its so desperate for food, if u go with a few dollars or you live better than the locals you will be a target for crime.
All those countries sound good on paper but I don't think anyone would like to live over there coming from a first world country. What's the point of living in a cheap place if the place feels like you might get robed anytime soon and you know no one.
wow,their currencly really really sucks,if i was on their place i would seriously need to change something there!
thats just a big pile of money
thats just a big pile of money
The value is low, why does the value a paper hold matter to you, man? I think all fiat suck, and I am being as kind as I can. The value is set only according to what needs be, you should go visit the place and experience that lifestyle
People need to understand that paper does not matter, at all, the value it holds does matter. So if you come up with a 100$ note and a Venezuela citizen brings huge pile of money, it will all be the same thing.
wow,their currencly really really sucks,if i was on their place i would seriously need to change something there!
thats just a big pile of money
thats just a big pile of money
If the conditions persists to be stagnant , i will move to Venezuela or Zimbabwe or Argentina.
I had embraced BTC over 2 years back and i have some sufficient amount.
Please keep updating this thread as it invokes light in me.
I had embraced BTC over 2 years back and i have some sufficient amount.
Please keep updating this thread as it invokes light in me.
Um, you sure? I think it would be a better idea to calculate pros and cons on a macro level and identify what could go wrong and if it is really sensible. Investing in real estate is smart, only if you are fully satisfied with all aspects which makes it affordable.
I say its only worth your time if you feel like their economy can fight the uphill battle.
I dont read the future, but theres no need to rush into real estate if I get the sense people are fighting someone over a can of sardines. Although maybe improved situations and knowing certain information would be a plus.
Wait for a nationalization, then make sure that your on the side of the government when your assets are invested and they start looking for capital, or perhaps have a local manage your real estate if you don't wish to live there.
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