PPRuNe Forums - View Single Post - Venezuela - Basket Case of S.America.
View Single Post
Old 26th May 2016, 20:42
  #40 (permalink)  
VFD
 
Join Date: Jan 2009
Location: us
Posts: 93
Inflation running 200% plus last year estimated 700-800% this year.


That plush 3000 Bolivar a month government controlled pay scale last year is only going to be worth 3 a month by the end of this year.


In the meantime the new normal is shortages of food, water, medicine and electricity in Utopia.


The government has basically about run out of resources to feed the population since hardly anything is produced domestically and has to be imported after the government has taken over production and manufacturing.


The end point is not going to be pretty and looking like it is approaching soon.


VFD
VFD is offline