In Venezuela a single can of tuna is worth 250.000 gallons of gasoline

turkeydance

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No, that wasn’t a typo. That’s exactly what I said. In Venezuela, a can of tuna is worth 1.000.000 liters of gasoline. 1 tuna can = 6.400.000 bolivares = 1,87 USD = 1.066.667 liters of 95 octane gas. Yet the minimum monthly wage is 5.196.000 bolivares, … not enough for a can of tuna. The insanity of Maduro means that in Venezuela, gasoline is pretty much free, certainly far more expensive than water. But on the other hand everything else costs a fortune. And its not just food. As I posted before, people in Venezuela called Garimpeiros dive into the sewers looking for the smallest bit of precious metal lost down the drain, maybe a bit of silver or even gold. The smallest piece of precious metal is worth a fortune to them.
Think about that next time you stock up an extra case of tuna, box of ammo or a few bucks worth of silver.

link:
http://www.themodernsurvivalist.com
 
I was sitting on the back porch drinking whisky the other night and reading about their 40000% inflation rate. As my wife and I were discussing it, it was hard to even put that into practical terms because it's so astronomical. The OP is a good visualization of what 40000% inflation looks like. Wonder what next year's year on year inflation figure will look like? If they have a next year.....
 
The sad part is they probably still have a long way to go to before they hit bottom. As of today they are a little over 46,000%, but here's how much further they could possibly go when compared to some of the worst cases in history:

Yugoslavia 1994 - 313 million percent
Zimbabwe 2008 - 79 billion percent (yes, that's a B, not M)
Hungary 1946 - 13.6 quadrillion percent
 
The sad part is they probably still have a long way to go to before they hit bottom. As of today they are a little over 46,000%, but here's how much further they could possibly go when compared to some of the worst cases in history:

Yugoslavia 1994 - 313 million percent
Zimbabwe 2008 - 79 billion percent (yes, that's a B, not M)
Hungary 1946 - 13.6 quadrillion percent

At that point, is anyone still using currency? Seems like barter would’ve taken over long before that
 
Ok fellas, how do we get a nice tuna smuggling operation going?

I got a dozen cans in the pantry. WE GONNA GET RICH SON.

Dood, they are venizwaylon...
They can't read English and they don't know what gormet American tuna tastes like.

Cat Food will work just fine.

Hell, come to think of it...they would probably be happy with a cat.
 
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Somebody needs to show this to the Socialist from Brooklyn

Wouldn't matter. They always think they're smarter and can do it better. It's not the system it's the managers. She'll surely make it work since she's a wise woman of color. And she'll,neber admit she's a failed bartender no matter how badly she screws things up.
 
At that point, is anyone still using currency? Seems like barter would’ve taken over long before that

In the case of Hungary, they used bank notes as high as......... 100 Quintillion :eek: Prices at one point were doubling every 15 hours.

Weimar Germany hyperinflation topped out around 30,000%, so Venezuela already got them beat. At this point they (Venezula) currently hold 4th place for the worst ever recorded inflation.
 
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Ok fellas, how do we get a nice tuna smuggling operation going?

I got a dozen cans in the pantry. WE GONNA GET RICH SON.
A case of tuna = Registered machine gun... I’m in!!
 
regarding tuna rebate checks:

Unfortunately, the legal system does not move as quickly as readers’ hunger for tuna. In an update just over a year ago, we said that plaintiffs’ tuna or checks might show up by the end of the year, as the two sides worked on a final settlement.
After they finally reached that settlement, and the judge approved it, there were multiple appeals filed in the case, which the attorneys handling the case say could delay class members payments by months or years.
Prepare for further disappointment: So many people filed claims in this lawsuit that it cut each person’s payment by a lot. That’s because the entire settlement was for a fixed amount of money, not a fixed amount of money per class member.
In this lawsuit, there would only be $8,000,000 for cash payments and $4,000,000 for vouchers, which came out to $25 in cash or $50 in tuna based on the number of people that the attorneys expected to file claims. Then 2.5 million people filed claims. Whenever your payment finally shows up — and we can’t predict when that will happen — it will be for $2.19 if you opted to receive cash, and $4.43 if you opted to receive tuna vouchers.
The original complaint in this case was filed in 2013. Justice, even under-filled tuna can justice, is not swift.
 
Venezuela made the mistake of thumbing their nose at the free market by spreading the wealth from their oil to the masses, big mistake. We can thank them for moving OPEC to lower the price of crude to record lows (remember the lower gas prices that recently are again rising, the deed is done so back to fleecing the sheep) thus destroyed their wealth resulting in the current disaster. Socialism is a disease that the capitalist must continually fight, better to keep the carrot in front of the cart rather than letting the sheep have a belly full.
 
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