Anonymous ID: d81d24 Aug. 21, 2018, 12:18 a.m. No.2686674   🗄️.is 🔗kun

>>2686646

So he can investigate and prosecute the bad actors he was conspiring with, only to show his hypocrisy when he too gets investigated and prosecuted for the same crimes with the same bad actors?

Anonymous ID: d81d24 Aug. 21, 2018, 1:08 a.m. No.2686906   🗄️.is 🔗kun   >>6913 >>6918 >>6919 >>6942 >>6970 >>7128 >>7319

Venezuela is fucked!

 

Venezuelan President Nicolas Maduro carried out one of the greatest currency devaluations in history over the weekend – a 95 percent plunge.

 

One likely outcome is that inflation, which already was forecast to reach 1 million percent this year, will get fresh fuel from the measures. Prices are currently rising at an annualized rate of 108,000 percent

 

The official rate for the currency will go from about 285,000 per dollar to 6 million, a shock that officials tried to partly offset by raising the minimum wage 3,500 percent to the equivalent of just $30 a month.

 

The devaluation comes at the same time the government is redenominating the currency by lopping off five zeros and introducing new bills and a name change. So instead of the new minimum wage being 1.8 million strong bolivars, it will be 1,800 sovereign bolivars. Banks were closed and busy trying to adopt ATMs and online platforms to the new currency rules.

 

To make things more complicated, the new bolivar’s value will be linked to a crypto currency – believed to be the first time a government has ever employed the technique. The so-called Petro is backed by crude oil and is valued by the government at $60, or 3,600 sovereign bolivars. The Petro will fluctuate and be used to set prices for goods.

 

https://www.bloomberg.com/news/articles/2018-08-19/venezuela-s-95-devaluation-adds-to-turmoil-after-drone-attack?utm_content=business&utm_source=twitter&utm_campaign=socialflow-organic&cmpid=socialflow-twitter-business&utm_medium=social