Venezuela Currency Collapse – a preview of coming attractions here

[Anonymous 0]

http://www.france24.com/en/20170804-venezuelas-currency-crumbles-dizzying-speed

I have a liberal friend on Facebook who always says “but that can never happen here” when I post stories about currency collapses in Argentina, Venezuela, Russia, etc. This attitude reminds me of the socialists who always say “they just didn’t do socialism right” whenever a socialist regime impoverishes its people. To dedicated socialists, collectivism always works until it doesnt, and then they say it’s capitalism’s fault…that all they needed was more govt and more control and the collapse wouldn’t have happened. Paul Krugman is famous for this bulls~~~.
It’s s~~~heads like him who will be the most useless when the s~~~ hits the fan.

[Anonymous 6]

Those types of people need to take a history lesson and get a clue. We cannot support socialism over here. We have way too many people. The reason socialism works in places like Switzerland is because they are not as diverse as we are. Everyone is the same. They have all have same goals and values. Nothing separates them.

We already have some socialist policies and even they are bankrupting our system. We shouldn’t have a social security, medicaid, medicare, or welfare. But Americans weirdly are the only people not required to read the Constitution. If they read the constitution, they would see that the government is not required to provide any of that s~~~. But Americans don’t know that. So they believe that it is the governments job to provide them with everything, when that could not be further from the truth.

Education is a valuable asset man

[Faust For ScienceParticipant 22564]

The Federal Reserve has ” digitally printed” hundreds of trillions of U.S. dollars which it has given to the global major banks of the world. These banks are leveraged to the hilt. They are caught in their own interest rate debt trap.

There is to much debt for the World Trade Organization to handle with special drawing rights.

If the U.S. dollar collapses, these banks will become insolvent. There is no way this will not happen. The world economy will either collapse, or take a major hit. It depends on how quickly major nations and companies can shift their holdings to the Chinese Yuan, which is backed by gold.

Now, if the dollar collapses, those with the guns will be fine. Those without guns will not. The tax base collapses. Soldiers and police march on their stomach. They will not fight without being paid.

The people with the guns, outside government will blame the politicians and the globalists. While the politicians and the globalists will try to blame the American people.

The sane response to this situation would be to issue a new currency and replace the old currency only for U.S. citizens and up to a limit of say ten million dollars. That would be the sane response. The economy would recover and the U.S. population would be fine.

Those in government will likely attempt to reissue a currency where only the globalists get their currency replaced the new currency, while the U.S. citizens are left with nothing. But, to add insult to injury the government will attempt to declare the U.S. citizens be responsible for all the debt the globalists created.

Then, the globalists will try to seize all the property of the U.S. populations and turn the U.S. into a feudal society of debt slaves controlled by the globalists.

That is not going to work because the welfare state would have collapsed, causing the burning down of the areas of the country where the globalists hold influence. Meanwhile, the rest of the nation is armed and will fight rather than be made slaves.

This is not taking into account what foreign nations might try. I would not be surprised if Mexico did not make a play for militarily annexing some of the U.S.

[Old RottweilerParticipant 1520]

I’ve been studying economic history for about 20 years. From what I have read, economic collapse and hyperinflation are worse than war. Prepare accordingly.

The politicians will invariably say ” No one could have seen this coming !!”

It is inevitable.

[PrincekieParticipant 1042]

I think the writing is very much on the wall for Venezuela.
During the Chavez years, oil was a hot commodity. Chavez had persona; he’d set up schools, hospitals, new homes (and helped his family and cronies get rich). He had, in financial terms, a LOT of leverage in the marketplace.
Maduro is pretty much a polar opposite, with virtually no financial leverage. He has zilch charisma. The price of oil, which was the country’s saving grace in the Chavez years, is now around $100 a barrel less than it was at the height of Chavez’s power. Trump has threatened Venezuela with oil sanctions, which could kill the basket case economy overnight. The infrastructure is in complete meltdown, with hyperinflation, unpaid salaries, starvation and suchlike.

Won’t be picking this place for a holiday anytime soon!

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