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Meanwhile In Venezuela... The Socialist Paradise Has Arrived

Tyler Durden's picture




 

As we recently warned, the hyperinflationary collapse in Venezuala is reaching its terminal phase. With inflation soaring at least 65%, murder rates the 2nd highest in the world, and chronic food (and toilet paper shortages), the following disturbing clip shows what is rapidly becoming major social unrest in the Maduro's socialist paradise... and perhaps more importantly, Venezuela shows us what the end game for every fiat money system looks like (and perhaps Janet and her colleagues should remember that).

 

 

As we previously concluded, and seemingly confirmed by the above video,

Venezuela’s hyperinflation is reaching its final stages. It is probably already far too late for the government to stop the complete collapse of its currency. The bolivar is in the process of transforming from a medium of exchange to tinder for wood-stoves. Venezuelans who had the presence of mind to convert their savings into gold or foreign currency in good time are likely to survive the conflagration intact.

 

Those who bought stocks on the Caracas stock exchange seem to have successfully side-stepped the effects of the devaluation as well, but they need a plan for the post-inflation adjustment crisis, which will bankrupt a great many companies very quickly. Also, the government can simply close the market down at any time if it doesn’t like what is happening there, so there is the ever-present danger of even more government interference as well.

 

It is quite fascinating to see that in spite of numerous examples throughout history, governments never seem to learn. They all believe they can somehow overrule economic laws by diktat. This is not only true of Venezuela’s government, but of practically every government in today’s world. Central planning of money has been adopted everywhere. Venezuela merely shows us what the end game for every fiat money system looks like.

 

At some point the State is overwhelmed by the promises it has made to its citizens. When it can no longer pay by means of confiscating private wealth, the printing press is always the last resort. Recently one actually gets the impression that it is often the first, rather than the last resort.

In developed countries, people believe that the planners have everything in hand, and that their “price stabilization” rules will protect them from such outcomes. However, it should be clear that these rules will simply be abandoned in extremis. The independence of central banks exists only on paper – it will mean nothing in a perceived “emergency”. It is almost comical in this context that gold is being sold while most of the world’s major central banks are seemingly hell-bent on aping John Law’s Banque Générale Privée.

 

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Wed, 07/29/2015 - 15:14 | 6368164 Haus-Targaryen
Haus-Targaryen's picture

God I hope not.  While I know this is coming, I still hope it can be avoided somehow.  I like my top 1% lifestyle.  

Wed, 07/29/2015 - 15:20 | 6368199 Soul Glow
Soul Glow's picture

Bullish for stawks!

:)

Wed, 07/29/2015 - 15:29 | 6368241 Richard Chesler
Richard Chesler's picture

1. Seduce the populace into accepting the government as the arbitrator of all problems; government from cradle-to-grave
2. Begin delivering on those services to make the citizens dependent
3. Take away the citizens' guns
4. Increase taxes on all services while destroying any free market alternative services
5. Blame the chosen scapegoat for the inability to meet demand for services
6. Have the centralized national police force round up any dissidents


Wed, 07/29/2015 - 15:38 | 6368294 pods
pods's picture

Well Jesus Harold Christ Simon, where am I to buy my Alpaca food now?

pods

Wed, 07/29/2015 - 15:45 | 6368338 38BWD22
38BWD22's picture

Meanwhile in Peru, the grocery stores are full of food.  The hardware stores (including Ace) have plenty of products.  Large foreign chains of mega-stores are building, and have been for years now.

Provincial cities now have malls...

There are plenty of outlets to buy auto parts, including 38BWD22...

Peru is relatively free and capitalist.  Venezuela is not free and socialist.  You do the math.

 

Wed, 07/29/2015 - 15:48 | 6368349 wee-weed up
wee-weed up's picture

Looks like stores here in the US after some of Obozo's sons do a "flash mob" looting scene.

Wed, 07/29/2015 - 16:11 | 6368458 Creepy A. Cracker
Creepy A. Cracker's picture

WELCOME... to Obamaville.

Venezuela/Cuba/N. Korea - Obama's dream countries.

Wed, 07/29/2015 - 17:25 | 6368794 A Nanny Moose
A Nanny Moose's picture

Forget the TP. A beer shortage looms.

http://www.bbc.com/news/world-latin-america-33376485

Shit just got real.

Wed, 07/29/2015 - 17:40 | 6368877 whotookmyalias
whotookmyalias's picture

Is this real or is it a reverse of what the North Koreans showed Dave and Aaron?

Wed, 07/29/2015 - 18:20 | 6369040 COSMOS
COSMOS's picture

Welcome back dochen

Wed, 07/29/2015 - 19:07 | 6369189 mophead
mophead's picture

"It is quite fascinating to see that in spite of numerous examples throughout history, governments never seem to learn"

Silly writer. Governments know exactly what they're doing. Inflation benefits the government at the expense of its (saver) citizens.

Wed, 07/29/2015 - 21:19 | 6369544 Row Well Number 41
Row Well Number 41's picture

Did DoChen get the hammer, I wondered what had happened to him.

#41

Thu, 07/30/2015 - 09:22 | 6370640 Straw Dog
Straw Dog's picture

Wheel bearing for Toyota Yaris, welcome back

Wed, 07/29/2015 - 22:36 | 6369760 Cynicles
Cynicles's picture

My legacy will be an America brought down to the level of the rest of the world.

-Barack Obama

Wed, 07/29/2015 - 16:21 | 6368499 Salah
Salah's picture

Venezuela is ....(wait for it)....just about ready....(wait for it)....to be DOLLARIZED!

Wed, 07/29/2015 - 16:34 | 6368563 snr-moment
snr-moment's picture

SO??????  CO2 per capita for Venzuela is EXACTLY where Pope Francis wants it!

Wed, 07/29/2015 - 18:11 | 6369007 bracemaker
bracemaker's picture

paging dochenrollingbearing. paging dochenrollingbearing.

Wed, 07/29/2015 - 18:24 | 6369049 COSMOS
COSMOS's picture

I see that things are going well in Peru Dochen...

How have you been.  The guys will be happy to hear you are back, drop by chat sometimes.

Wed, 07/29/2015 - 21:43 | 6369615 bobnoxy
bobnoxy's picture

Hilarious. When one country is in good shape, it's another sterling example of capitalism's brilliance. When one country goes in the shitter, it's an excellent example of Socialism's falures. How about Norway where everyone's a millionaire due to their nationalizing their oil fields? Or how the bastion of capitalism, the U.S,, is insolvent when applying real accounting?

Honestly, you people are a real caution.

Wed, 07/29/2015 - 21:49 | 6369633 nmewn
nmewn's picture

"How about Norway where everyone's a millionaire due to their nationalizing their oil fields?"

I don't recall Anders Breivik being a millionaire...lol.

Maybe you can enlighten the board?

Or maybe you're one of those "drill baby drill" fanatics ;-)

Thu, 07/30/2015 - 07:11 | 6370295 TeraByte
TeraByte's picture

Norway is quite much a parallel case to Japan before the Nikkei crash. Japanese were wealthy, if they transferred their money out, but at home , where a nominal high equity price was encountered by all other respectively high prices, it became zero sum game.

Thu, 07/30/2015 - 07:45 | 6370359 new game
new game's picture

Norway is an exception. to use it as an example of socialist success is just plain fucking stupid (as the author of the post)...

Wed, 07/29/2015 - 23:20 | 6369852 A Nanny Moose
A Nanny Moose's picture

Bolshevik. US is fascist, not capitalist. Fascism is simply the part of socialism with corporations.

Wed, 07/29/2015 - 23:34 | 6369879 TrustbutVerify
TrustbutVerify's picture

Decades upon decades of deficit government spending and 4-500% of that debt amount in future welfare promises that in no way can be paid is capitalism?  

Not getting that.  Explain. 

Thu, 07/30/2015 - 11:23 | 6369963 Pickleton
Pickleton's picture

It has a whole bunch to do with Norway being the 3rd largest exporter of oil on the planet and a population the size of los angeles.  In other words, an unlimited amount of free money.  Why do you imbeciles that spout about the wonderz of Norway ALWAYS ignore those pesky little facts.  And then there's that whole issue with them being REPEATEDLY conquered and occupied throughout their history.

Thu, 07/30/2015 - 00:22 | 6369964 sun tzu
sun tzu's picture

You say the US government is insolvent and blame that on the free markets? LMAO!!!

Statoil is not nationalized, you freaking moron. The government owns 2/3 of the shares, but the company operates for profit and trades on the NYSE. 

If you want to talk about a nationalized oil company, try PeMex. They have been losing money for nearly 80 years.

Wed, 07/29/2015 - 22:17 | 6369708 OldPhart
OldPhart's picture

My preferred view of Venezula is mid-way into another video shown after the primary link...

https://www.youtube.com/watch?v=mI2G965kM6M&feature=player_embedded#t=423

 

Wed, 07/29/2015 - 19:36 | 6369280 StychoKiller
StychoKiller's picture

Isn't it in the Llama-Chow isle?

Wed, 07/29/2015 - 21:49 | 6369634 NoPension
NoPension's picture

Thankfully, Carter gave Panama back. And that ditch makes quite the moat. We need a new canal. We can call it The Cat. Cali, Arizona, Texas. Make shipping from Corpus Christi to San Diego cheap. It will also stay full because the Pacific can't run a drought! And the sea levels between the Gulf and the Pacific will level out, so we won't need locks.
We can use Mexican labor to dig it by hand. They only dig from the south bank. Make it about a half mile wide, for the new Tex-a-Max tankers shipping west Texas intermediate crude to refineries on the Southern California coast. ( they need the gas, and the jobs)

Wed, 07/29/2015 - 22:21 | 6369719 OldPhart
OldPhart's picture

What refineries?  One blew up and the State's making it hell to be repaired, and another's down for maintenance for the next year or so.  Meanwhile, we're paying $4.75 a gallon.

Thu, 07/30/2015 - 00:25 | 6369968 sun tzu
sun tzu's picture

I think the canal needs to be 2 miles wide to accomodate cargo ships going both ways at the same time. We can also make it a saltwater crocodile sanctuary to please the environmentalists.

Wed, 07/29/2015 - 15:39 | 6368295 Chupacabra-322
Chupacabra-322's picture

Cloward & Piven.

Wed, 07/29/2015 - 15:30 | 6368253 NoDebt
NoDebt's picture

By the time stores in the US look like that I'll be long gone.  Or, you know, murdered on my way to the airport.

Wed, 07/29/2015 - 15:34 | 6368272 Skateboarder
Skateboarder's picture

I've wondered over the last few years, when the cutoff time for leaving America would be. At some point there is no longer the option of opting out. If you're here, you're here for the ride.

Wed, 07/29/2015 - 15:39 | 6368304 NoDebt
NoDebt's picture

So what you're saying is that while anyone can easily sneak into the country, it would be nearly impossible to sneak out?

Yeah, well, no, maybe not by airplane, but any smart person will have at least enough gold to bribe the border guards (if there even are any by then).

Wed, 07/29/2015 - 15:41 | 6368314 pods
pods's picture

Not trying to tell you what to do, but if I were you I would stock up on Molsons and Tim Hortons for bribing the guards, and not Dos Equis and tacos.

Just sayin.

pods

Wed, 07/29/2015 - 15:51 | 6368365 Meat Hammer
Meat Hammer's picture

A mullet wig might help, too.  Or as my friend in Calgary calls it: Hockey Hair.

Wed, 07/29/2015 - 15:52 | 6368372 pods
pods's picture

It wasn't actually a mullet I had. Just enough to stick out from under my hockey helmet dammit!

Just enough for the ladies in the stands.

pods

Wed, 07/29/2015 - 16:11 | 6368457 Almost Solvent
Almost Solvent's picture

Learn the lingo (which is easy when you live in WNY):

Newfie = Dumbass Newfoundlander, similar to an American calling someone a redneck

Had the biscuit = Shit the Bed

Kraft dinner = Mac & Cheese

Eh = used in place of 'you know'

Biffy = Toilet

Two-four = 24 pack of beer

Queue = Line of people

Pogie = welfare recipient

Jam buster = jelly donut

Blochead = Derogatory term used by French speaking folks against non-French speaking folks

Frog = Derogatory term used by English speaking folks against French speaking folks

Puck bunny = Likes to fuck hockey players

Canuck = Canadian

Wed, 07/29/2015 - 21:14 | 6369529 unrulian
unrulian's picture

Come to the east coast eh, upper canadians are a bunch of quiffs

Wed, 07/29/2015 - 17:13 | 6368735 nuubee
nuubee's picture

Cigarettes, by the crateful.

Wed, 07/29/2015 - 15:43 | 6368320 Skateboarder
Skateboarder's picture

Everyone has to go to the grocery store. When that place that magically contains food is empty, there is no longer 'society'. I'm going with no border guards.

Wed, 07/29/2015 - 16:01 | 6368412 lasvegaspersona
lasvegaspersona's picture

...boarder...

The entirety of my preps is aimed at one thing....I will NOT have to go to the grocery store when it gets like this...

My house looks like a feed store but I will have food. As long as I can make fire my family will be fine....cost?..$1 per person per day....

...it isn't steak and caviar but it will keep us alive. After the gunfire stops and the dust settles we'll venture out to see who is left.

...I still won't go near the Walmart.

Wed, 07/29/2015 - 16:13 | 6368468 flyingpigg
flyingpigg's picture

Who needs toilet paper if there's nothing to eat?

Wed, 07/29/2015 - 17:53 | 6368944 knukles
knukles's picture

There's always something dead to eat.
Whaddahu think you do with the rest of the corpse after you've stuck the head on a stick for a "Do Not Disturb" sign?

Wed, 07/29/2015 - 21:26 | 6369559 Row Well Number 41
Row Well Number 41's picture

I'm thinking Soylent, made with the best organically grown vegans. 

#41

Wed, 07/29/2015 - 16:18 | 6368481 Skateboarder
Skateboarder's picture

We have a small garden and looking forward to making it bigger in the next couple of months. One of my grandpas always made it a point to have enough grains for a year. We don't take entirely after him yet, but at least got enough for a couple of months. Could and will do a lot more to prepare as things deteriorate

If you don't have one of these, get one of these. I was out in the Sierras last weekend and roasted a couple of potatoes after sunset using this thing. A champion of fire, just keep adding twigs and branches. Fantastic piece of equipment.

https://www.solostove.com/

Wed, 07/29/2015 - 16:38 | 6368578 Implied Violins
Implied Violins's picture

Yup, they are good. I have a Silverfire, and also a Biolite (which will charge your phone or a light while you cook!).

But if you are caught without one, you can always make a rocket stove out of 16 bricks:

http://preparednessadvice.com/survival/16-brick-rocket-stove/

Thu, 07/30/2015 - 01:32 | 6370039 El Vaquero
El Vaquero's picture

"As long as I can make fire my family will be fine"

 

Stock up on paracord and look up paleomanjim on youtube.  Watch some other vids on primitive firemaking too.  When they tell you to kneel down on your right knee and hook your left arm around your left knee to hold the bearing block, there's a reason for it.  Getting the notch right on your hearth is vital too.  Practice this shit now, because after you've played around with, you can make it look easy, but it is a bitch to do the first few times.  

Wed, 07/29/2015 - 15:40 | 6368307 pods
pods's picture

At least I have watched enough zombie and cannibal movies to know what to expect.

Save the last bullet for yourself. 

pods

Wed, 07/29/2015 - 16:02 | 6368417 Chupacabra-322
Chupacabra-322's picture

Yep. Long on Supressors & Subsonic Ammo.

Wed, 07/29/2015 - 15:52 | 6368371 BandGap
BandGap's picture

Venezuela doesn't really have the war option. We are actively promoting it. The stores might look like that in the end, but it will be due to an RPG or airstrike.

Wed, 07/29/2015 - 16:20 | 6368489 daveO
daveO's picture

I got your preppers right here!

When the EBT card goes dry, dis be the day,

http://www.youtube.com/watch?v=CoGJ7DgwHqw

See 1:43, if nothing else. Another clueless clown(the white guy). 

Wed, 07/29/2015 - 16:51 | 6368644 Dragon HAwk
Dragon HAwk's picture

I Bet.. they Momma Be Proud...

Wed, 07/29/2015 - 16:26 | 6368525 Fish Gone Bad
Fish Gone Bad's picture

I would guess 72 hours.  If there is a power outage, then you are out of luck.  People initially go into looting mode.  They break into stores, steal shit they don't need, alcohol, smokes, drugs, etc.  Then they want food, water, and propane.  Then they want the things that they had at home, but begin to run out.  Tampons, toilet paper and the like.  Then they figure out that things are bad and will only get worse.  People leave the city to go and find all that the countryside has to offer.  Water gets contaminated and everyone comes down with cholera, the flu, or typhoid.

Even if one is really well prepared, having a health problem will only make things tremendously worse.  Diabetes?  Heart disease?  All those who have been kept alive due to modern conveniences will find themselves in a sad way, real fast.

It is best to invest in oneself and not be needy.

FGB

Wed, 07/29/2015 - 16:30 | 6368545 Fukushima Fricassee
Fukushima Fricassee's picture

Thoses motherfuckers are going to want to let me out.

Wed, 07/29/2015 - 17:48 | 6368920 TheRedScourge
TheRedScourge's picture

As it stands at the moment, clearing one's obligation to the IRS costs almost $5,000, up from $0 a few years ago. So there's that.

Wed, 07/29/2015 - 15:42 | 6368315 saints51
saints51's picture

Escape where. Plus you may find out how many people actually have RPG's, stingers or some other homemade AA toys. No thank you for me getting in the air. I will take my chances on the ground.

Wed, 07/29/2015 - 15:57 | 6368388 Chupacabra-322
Chupacabra-322's picture

@ NoDebt,

With all do respect. You're not going anywhere. These Criminal Psychopaths are making certain NO one does:

In a radical attack on the due-process rights of Americans that received virtually no media attention, the Republican-controlled House of Representatives voted to give the Obama administration the unilateral power to strip you of your passport and right to travel without a trial or even criminal charges. The scheme does not even include a way to challenge your status as a non-person involuntarily trapped inside U.S. borders on orders from the secretary of state. Lawmakers, some of whom could themselves be caught in the dragnet along with myriad administration officials, praised the effort as a way to stop alleged terrorists from travelling. But critics said it was yet another attack on the fundamental rights of Americans, such as due-process protections, and that it must be resisted.

http://www.thenewamerican.com/usnews/congress/item/21334-lawmakers-vote-...

Wed, 07/29/2015 - 16:30 | 6368546 Implied Violins
Implied Violins's picture

I was just going to post this.

The exits have been closed.

Trump's wall is being built as I type.

Start watching the roadways where you live. I've noticed many major roads in California are having a lot of 'seasonal' road work done on them at this time; much more than seems usual. Keep your eyes open, options intact, and bugout bags at the ready...

Wed, 07/29/2015 - 17:40 | 6368878 buzzkillb
buzzkillb's picture

Freeways being worked on in California are probably for different reasons. Not sure if it was here or an engineering board talking about the freeways starting to separate because of the drought starting to crack and sink the soil. Not to mention how expensive the freeways are to repair because govt workers get paid a lot. I interened at Caltrans around 2000 and was completely baffled at how much it would cost to fix a small .5 miles stretch of highway. Something like $40mil at the time. Unreal. Sections of the 5 North of Santa Clarita are completely destroyed because they aren't maintained. I know how bad it is because I got my first flat while driving on the freeway (about 20 years of driving with over 200k miles) and couldn't believe how many cars were on the side of the road changing their tires. Its just a mess.

Now LA's infrastructure is completely falling apart. Which you may notice heavy construction going on for new pipes down the middle of major streets. That is not some conspiracy theory, the pipes are all at the end of life. My profession is civil engineering and I am paying very close attention.

I don't think the problem will be if you can leave the States, its going to be what country will allow you in? I tried very hard to get a work Visa during the boom times in Aus and its difficult, and I do exactly what they needed at the time. And have accidentally flown into China without a Visa, which is somewhat scary if you land in a small town where no one speaks English. After it was worked out the temp Visa was stamped with the time of my eventual flight out of that hellhole. Being an engineer crossing borders in Europe is a whole other mess. I learned quickly to never say what my real profession is when asked.

Wed, 07/29/2015 - 22:37 | 6369769 OldPhart
OldPhart's picture

Something noteworthy about the collapse of the bridge on the 10 outside of Desert Center.  It's been discovered that nearly 500 similarly constructed bridges, concentrated on the 10, 40 and 15, with others scattered throughout the State, are in danger of collapse.

And, yes, we've been paying highway maintenance taxes out the wahoo.  But a $50 gazillion, bullet train (between two points no one in their right mind would want to go to) was a higher priority to our elected imbeciles.

Thu, 07/30/2015 - 01:44 | 6370054 jaxville
jaxville's picture

  I used to drink with some currency traders a few years back who worked and traded for banks.  In 2008 gates were established to keep the customers/depositors from their money. 

  Things like having to show travel tickets to get foreign currency,  cash withdrawal and cheque limits, box access, etc.  Lots of ways to keep you from your deposit.  Greek banks likely followed a protocol and things were closely monitored for loopholes.

  Those gates remain open for now but they can be closed (with most banks acting in unison) very quickly.

  If your bugout plan includes a stop to a bank I strongly suggest making that stop real soon.

Wed, 07/29/2015 - 17:53 | 6368937 TheRedScourge
TheRedScourge's picture

If your citizenship is revoked, you will have to beg the UN for some resolution, since I believe they said one cannot "belong" to no countries. But given what that really means, I don't think you'd get much help. You'd be best off to simply go for a nice long 10 mile stroll or so through the woods somewhere off the beaten path, and conveniently find yourself in Canada.

Thu, 07/30/2015 - 01:52 | 6370067 August
August's picture

The succes of an escape from the USSA basically depends on the attitude of the Canadian and Mexican governments to those who might sneak across the US border.  I suspect that any US-source refugee who only has US "papers" will just be sent back to The Homeland;  if said refugee is well oonnected in the local (i.e. non-US) society or, has a non-US passport, they would have a chance to avoid a trip back to their FEMA Region of origin.

To be honest, though, I don't really expect the USSA to attempt to close the borders. They'll just let the malcontents leave, and confiscate any family assets left behind.

Wed, 07/29/2015 - 17:12 | 6368727 nuubee
nuubee's picture

Airport? You should be getting on a boat to visit the precise GPS coordinates of your last, erm, fateful day.

Wed, 07/29/2015 - 17:51 | 6368930 invisible touch
invisible touch's picture

By the time stores in the US look like that I'll be long gone.  Or, you know, murdered on my way to the airport.

 

if you go in airport in such times,  you run into the graveyard.

Wed, 07/29/2015 - 15:33 | 6368268 ebworthen
ebworthen's picture

Yes, the Casino markets in the U.S. may keep floating (inflating?).

It's like poker - if you have a big stack you can bluff your ass off and flush out the smaller players, right FED?

Wed, 07/29/2015 - 15:47 | 6368352 38BWD22
38BWD22's picture

Greetings Soul Glow, old amigo!

Wed, 07/29/2015 - 15:31 | 6368255 Skateboarder
Skateboarder's picture

It's nice to be able to drive to the store and get whatever the fuck you want huh. Enjoy the beer runs while you can!

Wed, 07/29/2015 - 15:35 | 6368276 ajax
ajax's picture

 

 

Cuba restored relations with its "rich" neighbour to the North just in time...

 

Wed, 07/29/2015 - 15:53 | 6368379 Caleb Abell
Caleb Abell's picture

Actually, the rich neighbor to the north restored relations with Cuba as soon as it found out that there was a lot of oil reserves in Cuban waters.

Wed, 07/29/2015 - 16:19 | 6368491 ajax
ajax's picture

 

 

"Actually, the rich neighbor to the north restored relations with Cuba as soon as it found out that there was a lot of oil reserves in Cuban waters."

Yeah sure - it's called "detente". Sorry for the omission of the accent aigue but you know how keyboards can fuck it up...

Wed, 07/29/2015 - 16:25 | 6368521 tarabel
tarabel's picture

 

 

Dear Leader restored relations in order to keep the Cuban dream alive after Venezuela turns into, well, Cuba and will no longer be providing all that cut-rate oil to its Socialist brethren.

 

Wed, 07/29/2015 - 15:36 | 6368286 drendebe10
drendebe10's picture

Too bad the fukn stupe progressive liberal democraps are so blinded like lemmings rushung for their bullshit political agenda at any cost as long as it is paid for by us that they are completely ignorant to learn from the other progressive liberal  idiots both here and oyher countries socialism doesn't work. The concept of outcomes that the miedras are accountable for is completely foreign to the idiots.  Lessons of Detroit Baltimore and Venezuala completely over their pointy heads. Fukem 

Wed, 07/29/2015 - 15:45 | 6368336 ajax
ajax's picture

 

 

Not ALL of Detroit nor Baltimore nor the entire country of Venezuela.  

Get fucking real - this article is crap. Bullshit.

Wed, 07/29/2015 - 16:42 | 6368607 cheech_wizard
cheech_wizard's picture

Let me guess, you tried wiping your ass with the monitor.

Wed, 07/29/2015 - 21:23 | 6369553 Toxicosis
Toxicosis's picture

No maybe not all of Detroit, and maybe not all of Baltimore, however, since Venezuela is a country AND can print its own currency try these headlines on for size dumbass.

 

https://www.google.ca/search?hl=en&gl=ca&tbm=nws&authuser=0&q=venezuela+...

Wed, 07/29/2015 - 16:11 | 6368456 atomicwasted
atomicwasted's picture

Judging from your spelling, grammar, and content, one would be forgiven in thinking that whatever ideology you espouse (it certainly isn't clear from your post) is even stupider than progressivism.  And that's saying something.

Wed, 07/29/2015 - 16:24 | 6368517 Calmyourself
Calmyourself's picture

He could have taken a shit on the page and it would not be dumber nor could it ignore more history regarding its absolute stupidity than progressivism but thanks for the notion.

Wed, 07/29/2015 - 16:11 | 6368460 Bitcoin Meiser
Bitcoin Meiser's picture

After the crash just put your money in equities or Bitcoin and then wait it out. Pretend to be poor like everyone else will be for a few years.

Thu, 07/30/2015 - 08:50 | 6370525 post turtle saver
post turtle saver's picture

this has absolutely nothing to do with the "end game" for fiat money... it has everything to do with socialism, communism, and yet again the ultimate failure of central planning... fiat money works just fine as a medium of exchange if markets are allowed to be markets and don't have govt thumbs jammed into the pie...

Wed, 07/29/2015 - 15:15 | 6368172 More_sellers_th...
More_sellers_than_buyers's picture

Wait? Can't they just print money and keep interest rates at zero? I think I need to go back to economics 101.

 

Wed, 07/29/2015 - 15:16 | 6368173 1000yrdstare
1000yrdstare's picture

That looks like the supermarket in the movie World War Z....

Wed, 07/29/2015 - 15:28 | 6368236 mr.n3utr0n
mr.n3utr0n's picture

Is that  what they call a fire sale?

Wed, 07/29/2015 - 15:15 | 6368176 Bill of Rights
Bill of Rights's picture

Obama's future utopia for America!

Wed, 07/29/2015 - 15:17 | 6368188 1000yrdstare
1000yrdstare's picture

CLEAN UP ON AISLE 8!!!!

Wed, 07/29/2015 - 15:20 | 6368197 1000yrdstare
1000yrdstare's picture

AND NO 22LR TO BE FOUND ANYWHERE!!!!

Wed, 07/29/2015 - 15:46 | 6368298 Ajax_USB_Port_R...
Ajax_USB_Port_Repair_Service_'s picture

unammo.com/#Rimfire

I've purchased from them. Good company.

Check out the bowling ball mortar!

"These mortars launch a bowling ball by fuse and black powder. Very Fun and a crowd pleaser."

Wed, 07/29/2015 - 15:43 | 6368323 pods
pods's picture

I can barely open a drawer and not find a box or two of 22. Shit is everywhere around my house.

I have heard of supply problems though. WTF?

pods

Wed, 07/29/2015 - 16:28 | 6368539 DirtyHowi
DirtyHowi's picture

you know what they call 1500000 rounds of ammo? a good start

Wed, 07/29/2015 - 20:55 | 6369481 Freddie
Freddie's picture

Is .22 LR or Magnum good for zombies or social work?

Wed, 07/29/2015 - 16:05 | 6368430 lasvegaspersona
lasvegaspersona's picture

stare...

FCSA?

Wed, 07/29/2015 - 15:29 | 6368242 dontgoforit
dontgoforit's picture

Ferguson, Venezuela?  Oh, oh.....Baltimore, Venezuela.

Wed, 07/29/2015 - 15:17 | 6368179 BiteMeBO
BiteMeBO's picture

Clean up aisles uno dos, tres....

Wed, 07/29/2015 - 15:17 | 6368181 shovelhead
shovelhead's picture

Baltimore Blue Light Special.

Wed, 07/29/2015 - 15:17 | 6368182 p00k1e
p00k1e's picture

I can’t wait. 

Get the equipment while you can –

Flamethrowers made in Metro Detroit are legal to manufacture, sell, own and use

http://www.wxyz.com/news/local-engineer-builds-flamethrowers-out-of-car-...

Wed, 07/29/2015 - 16:22 | 6368505 What you talkin...
What you talkin about Willis's picture

Anyone on here know what the regs are regarding convicted felons owning a flame thower? 

Thu, 07/30/2015 - 05:04 | 6370190 Tall Tom
Tall Tom's picture

What?! Do you really think that a convicted felon will care about a fucking law...if one existed?

 

Yes. Ideas are infectious.

 

And FUCK YOU NSA.

 

OPEN LETTER TO THE NSA...

 

See what I can advertise on a top 1% Website? (I did not read about that here initially...I SUGGESTED IT...HERE..a few weeks ago.)

 

I have even got some more "bad information" to share.

 

I enjoy your MSM response..."Oh no. We have to make a law restricting this." bullshit.

 

Your Government, you NSA fucks, only is empowered by CONSENT.

 

And when CONSENT EVAPORATES then your days in power are numbered.

 

You may silence me. You may even disappear me. But I haven't anything, ANYTHING, to lose.

 

But people will carry on the message of what their eyes have been opened unto, and what their ears have heard.

 

With that fact expressed, just what do you have to lose?

 

Your Nation has stolen everything from me. What more can you take? My life? LOL.

 

Why in the Hell do you not work to end the FRAUD and the CORRUPTION? Perhaps you will garner the CONSENT and SUPPORT of the American Public instead of treating us all as if we are CRIMINAL and the ENEMY.

 

WE ARE NOT THE ENEMY. Your Political Structure and the Financial oligarchs are the enemy...YOUR ENEMY. Wake the hell up. You are just being USED as PAWNS in their game, protecting them so that they can harm many more.

 

 

Wed, 07/29/2015 - 15:17 | 6368186 Soul Glow
Soul Glow's picture

Too bad for Simon Black, he probably stores his gold there.  

Wed, 07/29/2015 - 15:18 | 6368193 vq1
vq1's picture

well if I dont have much capital to "convert to gold or other currency" I guess I dont need to take any action then. 

You just keep doing YOU, central planners. 

Wed, 07/29/2015 - 15:19 | 6368195 Dennisen
Dennisen's picture

Government is the only institution that can take a valuable commodity like paper...and make it worthless by applying ink.

 

Ludwig von Mises

Wed, 07/29/2015 - 15:22 | 6368202 Dr. Engali
Dr. Engali's picture

Throw in a few burning buildings and you have Ferguson.

Wed, 07/29/2015 - 15:33 | 6368263 PoliceThePolice
PoliceThePolice's picture

"Throw in a few burning buildings and you have Ferguson."

Wrong!!! Should have said throw in a few burning Foot Lockers and then you would be 100% correct.

Wed, 07/29/2015 - 15:39 | 6368264 PoliceThePolice
PoliceThePolice's picture

duplicate post

Wed, 07/29/2015 - 15:23 | 6368214 City_Of_Champyinz
City_Of_Champyinz's picture

This is the result when you allow an uneducated 8th grade dropout and former bus driver to be the President.  Maduro is just another leftist dolt in a long line of marxist fools.

Wed, 07/29/2015 - 15:30 | 6368247 Everybodys All ...
Everybodys All American's picture

That's not true. He was a community organizer and he graduated from Columbia and Harvard.

Wed, 07/29/2015 - 15:37 | 6368289 City_Of_Champyinz
City_Of_Champyinz's picture

Touche/!

Wed, 07/29/2015 - 15:39 | 6368297 negative rates
negative rates's picture

Fool me once, shambers on me, fool me twice, shambers on you.

Wed, 07/29/2015 - 15:54 | 6368384 lasvegaspersona
lasvegaspersona's picture

..won't be fooled again...

Only W can do the mash of cliche and pop music....

....but he was a Yale guy....

Wed, 07/29/2015 - 15:29 | 6368243 Gypsy Ramono
Gypsy Ramono's picture

A little off topic, but nevertheless relevant. 

http://www.brisbanetimes.com.au/queensland/drag-racer-injured-in-willowbank-crash-20150606-ghi9v3.html

Cars and Girls, Girls and Cars

Wed, 07/29/2015 - 15:29 | 6368244 Yancey Ward
Yancey Ward's picture

As I am sure Paul Krugman will point out, the Venezuelans have failed simply because they weren't bold enough and the government didn't print and spend more.

Wed, 07/29/2015 - 15:30 | 6368246 debtor of last ...
debtor of last resort's picture

It feels good wearing my Maduro uniform and Yellen wig. Standing in front of the mirror, playing with myself. I'm one of the 0,1%.

Wed, 07/29/2015 - 15:31 | 6368256 Joebloinvestor
Joebloinvestor's picture

If they didn't have oil they would really be in deep shit. Oh wait.

Wed, 07/29/2015 - 15:33 | 6368262 wendigo
wendigo's picture

Are Americans, on average, more or less resourceful than Venezuelans on average? I have a feeling my life depends on the answer to this question. 

Wed, 07/29/2015 - 20:04 | 6369352 Buster Cherry
Buster Cherry's picture

Only the odd few that work a job and pay their bill. Ya know....those that live within their means.....

Wed, 07/29/2015 - 15:34 | 6368273 The Delicate Genius
The Delicate Genius's picture

well surely the united states has nothing to do with Venezuela's craptacular economy - is that right?

Wed, 07/29/2015 - 16:17 | 6368487 tarabel
tarabel's picture

 

 

Well, we do buy most of their oil. At least the part of it that they aren't giving away for free or at reduced rates to other Third World shit holes.

And of course we do provide the only currency that the people will willingly accept at face value.

I'm sure there's a fair amount of remunerations flowing back to Venezuelan families from their smarter members who got the fuck out of there and moved to the living hell of America.

That the kind of thing you talking about?

 

Wed, 07/29/2015 - 22:04 | 6369679 38BWD22
38BWD22's picture

Venezuela almost has to sell us their oil, our Gulf Coast refineries are some of the relatively few that can refine their sour heavy crude.  Last I heard, NO refinery in China could refine that.

Wed, 07/29/2015 - 16:21 | 6368498 Arnold
Arnold's picture

Thought you'd never see the light.

Took you almost eight weeks though.

It's the loss of Cuba as a trading partner that done it.

Wed, 07/29/2015 - 21:08 | 6369515 cornedmutton
cornedmutton's picture

And don't call me Shirley.

Wed, 07/29/2015 - 15:36 | 6368285 RacerX
RacerX's picture

An interesting game: "Guess what this store used to be"

Wed, 07/29/2015 - 15:38 | 6368291 Able Ape
Able Ape's picture

Sure is NICE not to have any checkout LINES.....

Wed, 07/29/2015 - 15:38 | 6368296 Consuelo
Consuelo's picture

Observe the manner in which the 'tattooed' crowd acts today towards their fellow citizens; angst, anger, disrespect for life & property, etc.   And this is with a gold-level 'EBT' safety net already in place...    Observe that video again and let your imagination wander.

Wed, 07/29/2015 - 15:41 | 6368311 poland spring
poland spring's picture

Hey wait a minute, thats my Family Dollar store in Philadelphia.

Wed, 07/29/2015 - 15:41 | 6368312 chrsn
chrsn's picture

Just curious:  who has the #1 highest murder rate in the world?

Wed, 07/29/2015 - 15:44 | 6368330 Sith1122
Sith1122's picture

Honduras

Wed, 07/29/2015 - 15:48 | 6368355 Moe Howard
Moe Howard's picture

Honduras?

Wed, 07/29/2015 - 15:53 | 6368374 Mike Honcho
Mike Honcho's picture

You owe Sith a coke.

Wed, 07/29/2015 - 15:58 | 6368399 Meat Hammer
Meat Hammer's picture

Washington DC?

Oh wait, you said in the world, not of the world.

Wed, 07/29/2015 - 16:41 | 6368600 falconflight
falconflight's picture

Probably a post colonial Spanish hell hole.

Wed, 07/29/2015 - 15:42 | 6368321 Bastiat
Bastiat's picture

Madura in Mortimer voice:  "Get those stock boys back in there!! Fill those shelves back up!!"

Wed, 07/29/2015 - 23:14 | 6369834 TalkToLind
TalkToLind's picture

TURN THOSE L.E.D. TEEVEES BACK ON!

Thu, 07/30/2015 - 00:45 | 6369994 Barley Burnside
Barley Burnside's picture

y, pork belly prices have been dropping all morning, which means that everybody is waiting for it to hit rock bottom, so they can buy low. Which means that the people who own the pork belly contracts are saying, "Hey, we're losing all our damn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip! And my wife ain't gonna f... my wife ain't gonna make love to me if I got no money!" So they're panicking right now, they're screaming "SELL! SELL!" to get out before the price keeps dropping. They're panicking out there right now, I can feel it.

Wed, 07/29/2015 - 15:43 | 6368322 Sith1122
Sith1122's picture

Winter is Coming!

Wed, 07/29/2015 - 15:44 | 6368324 bigkahuna
bigkahuna's picture

The reason that you see the same losing pattern of currency destruction country after country - government after government is because once you cross the financial event horizon you are forced into the identical pattern of actions and circumstances each and every time while circling the drain.

The USSA is across the event horizon and we are going through the moves ourselves. We are simply moving more slowly because we have a bigger economy. At a certain point the crush becomes exponential though. Some big time math geek has probably already modeled our crush date.

Wed, 07/29/2015 - 15:44 | 6368332 wmbz
wmbz's picture

Well, at least now the peoples don't have to waste their time shopping.

They can spend some "quality time" at home with their families, or perhaps jet off on a vaction and kick back and relax!

Wed, 07/29/2015 - 15:45 | 6368337 dexter_morgan
dexter_morgan's picture

See, this is what institutionalized Austrian economic policy and unbridled capitalism will get you.....

Wed, 07/29/2015 - 19:40 | 6369296 Pareto
Pareto's picture

sarcasim right?

Thu, 07/30/2015 - 20:43 | 6373447 dexter_morgan
dexter_morgan's picture

:-)

Wed, 07/29/2015 - 15:45 | 6368339 XitSam
XitSam's picture

It isn't that Venezuelan government policies failed.  It is that greedy speculators and profiteers took money from the poor, and the poor didn't support the government enough in bad times unlike how the government did support them in good times.

Wed, 07/29/2015 - 15:50 | 6368363 Moe Howard
Moe Howard's picture

Only the poor aren't greedy. Right.

Wed, 07/29/2015 - 16:39 | 6368591 falconflight
falconflight's picture

You mean the Dictatorship of the Proletariat failed to capture all of the counter-revolutionaries, reactionaries, and revanchists?  

Wed, 07/29/2015 - 17:44 | 6368899 dexter_morgan
dexter_morgan's picture

It's all about government isn't it - sounds more like the government didn't support the poor, not other way around.

Government that governs least governs best. You are correct in the sense that all these problems indeed are to be laid at the doorstep of government.

Thu, 07/30/2015 - 13:07 | 6371533 XitSam
XitSam's picture

forgot the /sarcasm tag

Wed, 07/29/2015 - 15:45 | 6368340 BritBob
BritBob's picture

As a probable distraction from economic mismanagement of their economy, the Venezuelan government has ramped up its territorial claim to half of nextdoor Guyana's territory. Venezuela's claim to Guyana is based on their borders at the time of independence from Spain, a doctrinme knwon as uti possidetis juris. UPJ is only customary international law and only applies to states that have opted in to use it (in South America, the former Spanish colonies) .   Britain, France and Brazil have never opted in to apply UPJ and UPJ has 'never' been used bu any court or tribunal without the consent of both parties. Venezuela's claim to Guyana's territory is null and void.  Argentina makes similar claims in respect of the Falklands. For ICJ and other opinions on uti possidetis juris and its application use link:

https://www.academia.edu/10573590/Falklands_-_Uti_Possidetis_Juris_and_Nootka_Sound_Convention_1790

Wed, 07/29/2015 - 15:48 | 6368354 fiftybagger
fiftybagger's picture

682 to the dollar right now, has lost over 60% since February.  Thank Nick the socialist bus driver

 

https://web.archive.org/web/20150224071515/https://dolartoday.com/

Wed, 07/29/2015 - 15:53 | 6368373 joseJimenez
joseJimenez's picture

Bus driver vs Community Organizer both useless as tits on...

Wed, 07/29/2015 - 21:34 | 6369591 Freddie
Freddie's picture

I am sure Goldman Sachs helped along with the usual ZWO suspects.

Wed, 07/29/2015 - 15:55 | 6368368 Hongcha
Hongcha's picture

This looks like every other mouthbreather picnic from San Ysidro to Shasta.  They're all the same bloated slobs in nylon.

No racial or cultural distinction whatsoever.  No real difference in gender - all soft flabby, scrambling for toilet paper.

It's not the looting of Cheap Chinese Plastic Crap that distresses me; so much as the erasure of race and culture.

Bet they wish they had some fucking gold about now; or could arm themselves.

Jeebus people, if you are living in the U.S. and can rub two nickels together, kill the teevee and arm yourselves.

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