1300000 % inflation

[Nacho-RT74]

yes! we made it! New Guinnes record!

[Kern Dog]

?

[Nacho-RT74]

Venezuela

[b5blue]

How can you cope with this? By the time you get paid for work it's so much less! 

[Kern Dog]

Did I read that right? 13 million percent inflation ??

[Mike DC]

   
Sorry, Nacho.  It must be really tough down there these days.  I've read that crime has gotten pretty far out of control too. 
 

[Nacho-RT74]

Did I read that right? 13 million percent inflation ??

1.3 million... sorry, I put one zero more accidentally but FMI previsions for next year are 10 million %

[Nacho-RT74]

How can you cope with this? By the time you get paid for work it's so much less! 

I don't have a job at this moment officially. Just sucking the bank account

[Nacho-RT74]

   
Sorry, Nacho.  It must be really tough down there these days.  I've read that crime has gotten pretty far out of control too. 
 

thats a problem since ever

[Charger_Dart]

For that much inflation prices would change everyday? How the heck can you adjust to that?

[draftingmonkey]

^ Every day...How about hourly!!  Germany in the 30's had such high inflation that folks were getting paid two or more times a day as inflation drove up prices and devalued money almost hourly. Wives would go pick up the pay (as often as it was paid) and get to the market to buy needed items before prices went up. All I can say is hang in there Nacho.

[AKcharger]

Well things there WILL get better down there, unfortunately I fear it's going to take very ugly events that make it occur

[Nacho-RT74]

a piece of bread one week ago... 60 Bs.S.

4 days ago... 160 Bs.S.

today 250 Bs.S.

[hemi68charger]

yes! we made it! New Guinnes record!

Man, I hope you guys can survive this... Hopefully you won't have what we did in 1929 with the Great Depression.. Or, maybe you are?

Cheers,

[NHCharger]

I have been reading about all this. People dumpster diving for food, cooking their own pets, crime rate steadily rising. Hope things turn around for everyone there.

[Kern Dog]

Is it fair to say that this is directly related to Socialism and the corrupt government ?

[Nacho-RT74]

Is it fair to say that this is directly related to Socialism and the corrupt government ?

more the second than the first ( which is the excuse for the second )

[Charger_Fan]

Man, that is absolutely terrible. I can't even imagine that much inflation!
I hope this will end for you sooner than later, that is just crazy.

[Ponch ®]

That sucks man. Hope things start getting turned around soon.

Still, that's what happens when a wannabe despot and demagogue who surrounds himself with sycophants, has a rabid cult-like group of followers who think he can do no wrong despite obvious evidence to the contrary, and who is completely clueless as to the rule of law and longstanding principles of democracy, comes to power.

Oh. SHIT. 

[Old Moparz]

That sucks man. Hope things start getting turned around soon.

Still, that's what happens when a wannabe despot and demagogue who surrounds himself with sycophants, has a rabid cult-like group of followers who think he can do no wrong despite obvious evidence to the contrary, and who is completely clueless as to the rule of law and longstanding principles of democracy, comes to power.

Oh. SHIT. 

[Paul G]

Venezuela was at one time an oil rich country that was doing very well, until they switched form a free market model to a socialist model of government. I wish the kids in this country were being tought history.  

[Ponch ®]

Venezuela was at one time an oil rich country that was doing very well, until they switched form a free market model to a socialist model of government. I wish the kids in this country were being tought history.  

...not to mention grammar and spelling.

[Nacho-RT74]

Venezuela was at one time an oil rich country that was doing very well, until they switched form a free market model to a socialist model of government. I wish the kids in this country were being tought history. 

actually things beging to be bad way before this situation... this "socialism" is a consecuence of previous mistakes.

[hemi68charger]

Is it fair to say that this is directly related to Socialism and the corrupt government ?

more the second than the first ( which is the excuse for the second )

Hope things smooth out soon Nacho.... I really hope so.........

T

[Nacho-RT74]

a piece of bread one week ago... 60 Bs.S.

4 days ago... 160 Bs.S.

today 250 Bs.S.

today 900 Bs.S.

[b5blue]

We should send you food? 

[lukedukem]

We should send you food? 

I'm in. How do we, or even can we send food?

Luke

[sunfire69]

A great idea, I'm darn sure he could use it, but if you send a package to him from the United States it will almost surely be closely inspected and any food will be confiscated and Nacho will get attention he absolutely does not want or need...his posting the conditions down could get him in a world of trouble....he needs to keep his head down and not attract anybody's attention for a while... 

[Nacho-RT74]

Ok, let's see... will that be helpfull ? yes. But so far so good we are doing fine at home by the moments. Problems are with fresh products which only can be got locally at local price rates of course... and hard to find, specially being short of money.

This has be done in the past by some friends from 3rd gen board couple of years ago and I got everthing with success. This is not a new problem but just getting somehow harder day after day. ( if you care and have patiente read this: http://wichargerguy.proboards.com/thread/20733/hey-nacho-rt74?page=1 ) I use a private forward courier service with their warehouse in Miami. Never got a problem yet including that kind of supplies as I have done for years buying parts for my Charger.

Since I went to Spain last year, could fix some familiar bank issues there and have access to some money we have saved there and could buy some supplies straight from Amazon and Walmart ( guys, Walmart service really SUCKS BTW, at least to On Line orders ), buying while I was in Spain and shipping to my mother in Venezuela using the forward courier service I'm telling. Usually get there lot of packages together to make larger shippments making it a bit cheaper by sea ( need to get around 8 cubic feet together to justify the minimun charge they set, US$150 ).

I still have tuna, salmon, chicken breast, spam, ham cans at home brought from USA what we have saved for emergency ( although ham is being eated daily ). Also some Velveeta cheese bars. Several pasta packages too. All what has being got is saved from needing refrigeration. I also have bought powered milk ( which we use A LOT and is allmost unavailable down here at this moment ), also Powered eggs and butter.

I'm covered with soap, shampoo, deodorant, toothpaste, weat flour and cooking oil yet, also still have some pasta sauce ( prego ). Sure we miss dessert stuff but that's a wish, not a need. Toilet paper still have some and could need home cleaning supplies too... but is not an emergency... yet.

But guys I'm not begging for compasion or help, not at THIS moment at least. I'm just posting and explaining the local situation. Sure lot of Africa countries are way worst than we are, but Venezuela is not Africa and we are one of the richiest countries in the world. We were democracy leaders around here getting inmigrants from Europe and Latinamerican dictatorship regimes and post war situations and we have felt alone allong all these years which is our turn to get help. More less 5 millions of Venezuelans have migrated using anyway as posible, even WALKING from Venezuela up to Peru ( some even to Chile making autostop too ). Some have died on the way. Of course some of us with some other country passport have got easier. Barelly at this moment several countries in the world are being serious about our situation after many deaths on protest ( these began back in 2002 but nobody paid attention back then ) and hospitals due the lack of medical supplies. We have being calling for help for years, but oil is powerfull to buy consciences. We are talk about globalization, but just when talking about money and economy. What about human rights globalization ? that is just being taking at a side for conveniences.

So far so good I could get the debit card from the Spanish bank to buy by myself ( local cards doesn't work out of Venezuela ). The only deal is how expensive becomes on buy stuff there and after that still ship to Venezuela, so I'm trying to save from that because savings are not forever and I don't have a regular job at this moment.

this is more less the situation.

P.S.: situation is so hard that there is a black market even for Venezuelan passport, not just food, and some ppl is requesting up to US$2K to get you a passport. Fortunatelly I have both passports ( Venezuelan and Spanish ) valid. I was watching this situation coming in and got my new ones in 2016, but my mom's Venezuelan one is allmost ready to expire and my brother needs a new one... Spanish passport is way easier and cheeeaaaper to get for us at Spanish Consulate here in Caracas.

[Sendero]

I read a blog from an Argentinian that went through a similar experience in the recent past . Though he had work...he had to behave, along with his family, as if he did not have a job.  He had some good lessons-learned to share. How he dealt with the black market and even entering and leaving his house was very interesting.

[Kern Dog]

Venezuela was at one time an oil rich country that was doing very well, until they switched form a free market model to a socialist model of government. I wish the kids in this country were being tought history.  

...not to mention grammar and spelling.

I agree. Texting has made it all much worse. Kids want to get the message out fast, not fast and correct.....JUST like the media.

[Mopar Nut]

We should send you food? 

I'm in. How do we, or even can we send food?

Luke

Drone... 

[Nacho-RT74]

Well, it seems the BCV ( Venezuelan central bank ) recognized the inflation rates which has being not published since 2016. And I read somewhere it reached 56 million % since 2016 up to now. I'm searching for the article.

Several economic values has being not published since 2012 or so to hide the real situation ( in numbers, because the reality on streets can't be hidden ), but there is lot of pressure at this moment what is pushing to admit the real situation.