Venezuela Inflation Rate Passes 1 Million Percent, and It’s Costing Lives Every Day: This Is What Devastating Hyperinflation Looks Like by preparedwombat

dlike · @preparedwombat · Dec 19 '18

$2.56

Venezuela Inflation Rate Passes 1 Million Percent, and It’s Costing Lives Every Day: This Is What Devastating Hyperinflation Looks Like

<center><img src='https://dlike.io/upload/gettyimages-1021018338206e7f4c6973efa056ae94aed9e62ed8.jpg' alt='share-with-dlike.jpg' /></center>  

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 <blockquote><p>…Venezuela’s hyperinflation, which has reached 1.29 million percent in November, according to a Monday report from the opposition-controlled legislative branch known as the National Assembly. Inflation rate is projected to jump 10 million percent by 2019, based on estimates from the International Monetary Fund.</p></blockquote><p>&nbsp;</p><p>If my math is right, 1,000,000% per year is the result of compounding from “only” 3.86% per day or 30.34% per week. And as the article suggests, the inflation is accelerating. This will not end well.</p><p>&nbsp;</p><p>Might Nicolás Maduro end up like Nicolae Ceaușescu?</p>  

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@elsurtidor · Dec 19 '18

Follow to get extra votes

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@unicomcenbd · Dec 19 '18

Two currency note

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@steem-ua · Dec 19 '18

#### Hi @preparedwombat!

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@rewards-pool · Dec 19 '18

$0.05

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You just received a 100% upvote from @rewards-pool. Thank You for being apart of the @rewards-pool community

👍 rewards-pool

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@themadgoat · Dec 20 '18

So its worth about the same as steem right now? Hayoooo!

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@hlezama · Dec 20 '18

$0.02

We hope so. I just heard the son of a bitch on national TV saying how wonderful our Xmas will be, how much prosperity 2019 will bring. I hope he is planning to die along with all his cronies. That's the only way we can aspire to some sense of hope, at least, to help bring prosperity back. 

I commented to someone a week ago that a pair of sports shoes went from 3,8 BS to 10,000 BS. I checked yesterday and they are now 15,000 (that's 50% a week). For some items, it is 100% increase a week.
Minimum wage is 4,000 BS a month now, but you need some 180,000 to cover basic expenses in one month. Go figure

👍 preparedwombat

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@edicted · Dec 23 '18

$0.06

WTF?  Wasn't it 20,000% a few months ago?  Jesus...

👍 delso
👎 abusereports

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