Venezuelan Currency Set to Inflate By 13,000 Percent
Happy May Day, my people! Time for the workers to gather and let those bourgeoise asshats know they're coming to make the wealthy's money their own. Though, before they break out the torches and string Warren Buffet up in a tree, they might want to take a look at the news coming from the Venezuelan place.
Inflation is set to skyrocket like Michael Moore's blood sugar after a binge at Dairy Queen:
When Yolanda Abreu got her check for severance pay after five years working as a cardiologist, she let out a laugh of sheer disbelief: it was barely enough for a cup of coffee.
Like her, millions of Venezuelans have seen their salaries decimated by rampant hyperinflation that is expected to drive prices up by 13,000 percent this year, IMF figures show.
Her story hit the headlines after she tweeted a photo of the check for 156,584.29 bolivars, which equates to about $0.20 on the black market.
"They called me from Caracas University Hospital to come and collect my check for benefits accrued over five years of service as a level 2 specialist in cardiology and electrophysiology," she wrote on Twitter.
And what will it buy, she wondered indignantly. "A coffee?"
Looks like that socialism isn't quite working out the way they'd hoped.
It's amusing how this news coincides with May Day. What a coincidence. The workers of the world are uniting in borderline socialist countries to celebrate Marx supposedly being the bee's knees. The Venezuelan peeps, meanwhile, are busy hoping they can afford a venti Frappuccino with their severance. Sounds like Marx wasn't the economic wizard the left thinks he was.
Leftists hold up countries like Venezuela as the gold standard of economics. Except their money's only use is as kindling on a fire. Socialism's victims chow down on zoo animals. All the while, selling your body on the street corner pays better than being a doctor.
But good luck convincing all the May Day Bernie bros to trade The Communist Manifesto for an economics textbook.