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Latin America

MADem

(135,425 posts)

19. How can you invest in a home when inflation is rampant and there's no money supply available?

Reply to RobertEarl (Reply #17)

Sat Apr 12, 2014, 01:37 AM

Apr 2014

Maduro can't wave a magic wand and fix that little problem with a decree like this.

The money--such as it is, and it's pretty well worthless--isn't going to USA. The money has little to no value outside the nation, because of the phony exchange rate, never mind the disastrous black market rate which makes the currency cheaper to use than toilet paper.

No one is buying a home with this silliness. It's a bluster.

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In Venezuela, Sell Your House or Lose It [View all] MADem Apr 2014 OP

another in the long list of failures of the chavista government n/t Bacchus4.0 Apr 2014 #1

When your fighting for the poor tech3149 Apr 2014 #2

Most, if not all, LatinAmerican countries aren't following the same policies as the Ven. government Marksman_91 Apr 2014 #3

+1 n/t Bacchus4.0 Apr 2014 #9

How is it, exactly, do you believe that the USA Flatulo Apr 2014 #4

I get out quite a bit, particularly to Latin America. I noticed that chavistas here don't get out Bacchus4.0 Apr 2014 #10

I wonder how many boligarchs will have to sell? joshcryer Apr 2014 #5

They'll probably sell to one another, and then buy back! MADem Apr 2014 #6

They probably won't even be scrutinized. joshcryer Apr 2014 #7

+1,000 nt MADem Apr 2014 #8

That is a good idea RobertEarl Apr 2014 #11

Hilarious! MADem Apr 2014 #12

What about the Ven. government buying and maintaining them? FrodosPet Apr 2014 #13

They don't have a pot to piss in or a window to throw it out of.... MADem Apr 2014 #14

Hilarious! RobertEarl Apr 2014 #15

What Maduro is doing is not "socialism"--no wonder you find him "hilarious!" MADem Apr 2014 #16

It is not Maduro who is hilarious RobertEarl Apr 2014 #17

You REALLY have no idea how economies work, do you? n/t Marksman_91 Apr 2014 #18

How can you invest in a home when inflation is rampant and there's no money supply available? MADem Apr 2014 #19