Re:Venezuela’s Currency Has Had its Biggest Monthly Collapse
by BurningFrog on Friday November 25, 2016 @12:22AM
(#13034558)
> once a countries currency gets depressed enough they almost have no choice but to print money just to buy/import the essentials required for life
I'm sorry, but this is nonsense. Nobody outside the country is fooled by the newly printed money, and it doesn't buy any more imports.
It does help those controlling the money printing to have more money than others, thus effectively stealing from the rest of the country.
> just google "Zimbabwe trillion dollar bill".
I have some of those on my wall.
If you do google it, you'll learn that the economy and life of Zimbabwe improved considerably when they finally gave up having a currency, and trade converted to Dollars and Rands.
According to legend, the government only gave up this form of plundering because they couldn't afford the ink to print new bills anymore.
I'm sorry, but this is nonsense. Nobody outside the country is fooled by the newly printed money, and it doesn't buy any more imports.
It does help those controlling the money printing to have more money than others, thus effectively stealing from the rest of the country.
> just google "Zimbabwe trillion dollar bill".
I have some of those on my wall.
If you do google it, you'll learn that the economy and life of Zimbabwe improved considerably when they finally gave up having a currency, and trade converted to Dollars and Rands.
According to legend, the government only gave up this form of plundering because they couldn't afford the ink to print new bills anymore.