moonbattery logo

Apr 15 2016

Socialist Venezuela Runs Out of Money to Print Money

One nice thing about letting Big Government run amok is that when statists have killed the goose that lays the golden eggs by taxing and regulating until the economy no longer produces wealth to confiscate, they can always just print money — or maybe not:

The world’s most renowned banknotes, coins and paper printing house, De La Rue, based in England, demanded that the Central Bank of Venezuela pay up US$262,647,997 in fees for printing money and passports, among other goods.

Apparently the De La Rue people won’t accept payment in bolívars, or else Venezuela could just have them print up some more for themselves.

If Venezuela can’t pay up, De La Rue may stop printing money for them. This could reduce socialist tyrant Nicolás Maduro to drawing extra zeroes on existing currency by hand.

Fortunately, the American economy is still sound, because Obamanomics calls for inflating the currency through quantitative easing, which does not necessarily require printing physical money.

Venezuelan-bolivar
They should redesign the currency, leaving more space to draw zeroes.

On a tip from Steve A.



44 Responses to “Socialist Venezuela Runs Out of Money to Print Money”

  1. Torcer says:

    #Venezuela The poverty rate is 76 %, compared with 55 % when Hugo Chávez, took power in 1999. Image via @ovarioV pic.twitter.com/wPJ5eVWGll— Michael Welling (@WellingMichael) April 15, 2016

  2. Torcer says:

    #Venezuela The poverty rate is 76 %, compared with 55 % when Hugo Chávez, took power in 1999. Image via @ovarioV pic.twitter.com/wPJ5eVWGll— Michael Welling (@WellingMichael) April 15, 2016

  3. Giorgio Palmas says:

    Send them some Bernie bucks!

  4. Giorgio Palmas says:

    Send them some Bernie bucks!

  5. Kevin R. says:

    Even the Weimar Republic didn’t run out of money to print money.

  6. Kevin R. says:

    Even the Weimar Republic didn’t run out of money to print money.

  7. Brett Benson says:

    Socialism jumps the shark…

  8. Brett Benson says:

    Socialism jumps the shark…

  9. Eddie_Valiant says:

    Did Bernie get elected there?

  10. Eddie_Valiant says:

    Did Bernie get elected there?

  11. Saxon Warrior says:

    I work with a number of moonbats (of the more pleasant, less vocal, but equally clueless variety) and a few days ago I was telling one of them that the U.S.A. became rich because of a free market economy.
    His counter-argument was that the U.S. is only rich because of huge natural resources. I tried to argue that natural resources aren’t everything but it is how they are managed that counts, by pointing out that the U.K. and Switzerland developed high standards of living through capitalism and free trade (ignoring the moonbattery that is destroying these nations today).
    But of course like most moonbats he failed to understand and pursued his train of thought by declaring that minimum wages should be increased and that the more laws we have, the more there will be law and order..

    I wish I’d remembered to mention Venezuela, a nation rich in Petroleum that has been driven into poverty by decades of socialism and big government.
    You see, it doesn’t matter how much resources a nation has…. when it comes to managing these resources, Leftists have the ‘reverse Midas touch’. They can turn oil into sewage and gold into sand.
    Whatever they get their interfering little fingers on it turns into shit!

  12. Saxon Warrior says:

    I work with a number of moonbats (of the more pleasant, less vocal, but equally clueless variety) and a few days ago I was telling one of them that the U.S.A. became rich because of a free market economy.
    His counter-argument was that the U.S. is only rich because of huge natural resources. I tried to argue that natural resources aren’t everything but it is how they are managed that counts, by pointing out that the U.K. and Switzerland developed high standards of living through capitalism and free trade (ignoring the moonbattery that is destroying these nations today).
    But of course like most moonbats he failed to understand and pursued his train of thought by declaring that minimum wages should be increased and that the more laws we have, the more there will be law and order..

    I wish I’d remembered to mention Venezuela, a nation rich in Petroleum that has been driven into poverty by decades of socialism and big government.
    You see, it doesn’t matter how much resources a nation has…. when it comes to managing these resources, Leftists have the ‘reverse Midas touch’. They can turn oil into sewage and gold into sand.
    Whatever they get their interfering little fingers on it turns into shit!

  13. Saxon Warrior says:

    No, he got elected here. This place used to be called ‘Detroit’:

    https://c1.staticflickr.com/7/6214/6297575351_68f9265f38.jpg

  14. Saxon Warrior says:

    No, he got elected here. This place used to be called ‘Detroit’:

    https://c1.staticflickr.com/7/6214/6297575351_68f9265f38.jpg

  15. Rotohammer says:

    They don’t need to add zeros. They need to add exponents.

  16. Rotohammer says:

    They don’t need to add zeros. They need to add exponents.

  17. Mr. Freemarket says:

    How many natural resources does Hong Kong have?

  18. Mr. Freemarket says:

    How many natural resources does Hong Kong have?

  19. Torcer says:

    Someone just as bad.

  20. Torcer says:

    Someone just as bad.

  21. Kevin R. says:

    Or Singapore?

  22. Kevin R. says:

    Or Singapore?

  23. Kevin R. says:

    There’s a very good book, The Most Powerful Idea in the World by William Rosen. The sub-title is A Story of Steam, Industry, and Invention.

    By the title and sub-title you might think that the most powerful idea in the world that is referred to in the title is steam power. But the powerful idea is property rights.

    Property rights. Inalienable property rights were what was required.

    The book is a very good read and I highly recommend it.

  24. Kevin R. says:

    There’s a very good book, The Most Powerful Idea in the World by William Rosen. The sub-title is A Story of Steam, Industry, and Invention.

    By the title and sub-title you might think that the most powerful idea in the world that is referred to in the title is steam power. But the powerful idea is property rights.

    Property rights. Inalienable property rights were what was required.

    The book is a very good read and I highly recommend it.

  25. geeknerd says:

    I teach basic math. When I teach the names of numbers, thousand, million, billion, trillion, I tell my students that the next one is quadrillion, and if anyone in Washington DC says the word “quadrillion,” RUN! Head for the hills! Stop buying gold and silver and start buying canned goods and shotgun shells. When hyperinflation hits, the welfare checks start bouncing, and the EBT cards stop working, all those zombie apocalypse movies will have become training films.
    When I teach exponential functions in intermediate algebra, I tell them about the German mark between the world wars. Can you say “Weimar”? It cab happen here.

  26. geeknerd says:

    I teach basic math. When I teach the names of numbers, thousand, million, billion, trillion, I tell my students that the next one is quadrillion, and if anyone in Washington DC says the word “quadrillion,” RUN! Head for the hills! Stop buying gold and silver and start buying canned goods and shotgun shells. When hyperinflation hits, the welfare checks start bouncing, and the EBT cards stop working, all those zombie apocalypse movies will have become training films.
    When I teach exponential functions in intermediate algebra, I tell them about the German mark between the world wars. Can you say “Weimar”? It cab happen here.

  27. Lobotomist says:

    Why don’t they just get the daughter of Hugo Chavez to pony up the money? She has billions, stolen by her infamous father from the people of Venezuela. Because THAT”S how socialism really works.

  28. Lobotomist says:

    Why don’t they just get the daughter of Hugo Chavez to pony up the money? She has billions, stolen by her infamous father from the people of Venezuela. Because THAT”S how socialism really works.

  29. Lobotomist says:

    Total financial derivatives bubble that the people of developed nations are on the hook for is 1.5 quadrillion dollars. It’s too late to run for the hills and there are no hills safe from that kind of debt..

  30. Lobotomist says:

    Total financial derivatives bubble that the people of developed nations are on the hook for is 1.5 quadrillion dollars. It’s too late to run for the hills and there are no hills safe from that kind of debt..

  31. bigpete says:

    Capitalism – Milk the cow.
    Socialism – Kill the cow.

    Socialism works great until you run out of cows.

  32. bigpete says:

    Capitalism – Milk the cow.
    Socialism – Kill the cow.

    Socialism works great until you run out of cows.

  33. Marcyprippy says:

    “my room mate Mary Is getting paid on the internet 98$/hr”..,……..!wc433ctwo days ago grey MacLaren P1 I bought after earning 18,512 DoIIars..it was my previous month’s payout..just a little over.17k DoIIars Last month..3-5 hours job a day…with weekly payouts..it’s realy the simplest. job I have ever Do.. I Joined This 7 months. ago. and now making over. hourly 87 DoIIars…Learn. More right Here !wc433:➽:➽:➽➽➽➽ http://GlobalSuperJobsReportsEmploymentsFunctionalGetPayHourly$98…. .❖❖:❦❦:❖❖:❦❦:❖❖:❦❦:❖❖:❦❦:❖❖:❦❦:❖❖:❦❦:❖❖:❦❦:❖❖:❦❦:❖❖:❦❦:❖❖:❦❦:❖❖:❦❦::::::!wc433…………..

  34. KHarn says:

    And a spam poster shows up with a get rich quick scheme. How ironic.

  35. KHarn says:

    And a spam poster shows up with a get rich quick scheme. How ironic.

  36. KHarn says:

    Yet another good reason to oppose global government.

  37. KHarn says:

    Yet another good reason to oppose global government.

  38. Fiberal says:

    Always, always refer to the economic collapse of Argentina.

    Possibly the world’s wealthiest country in the 1920’s, primarily from agricultural resources, but brought down by never-ending cycles of socialist policies.

    Dozens of economic fiascos were perpetuated in Argentina by mindless governmental policies driven by political personalities intent at different times on social reforms, wealth redistribution and protection of the wealthy elites. Military coups were staged over and over, designed essentially to clean up the messes made by government polices and to staunch the lure of communist-style dictatorships.

    One might also reference the collapse of S Africa and Rhodesia, but the problems there were based more in black-white dispositions while Argentina was at once time similar to a U.S./Western European economy, and a constitutional-governing culture.

    All of this is inevitably wasted on a liberal of course, but the facts about Argentina are important for the completion of any argument about global socialism; Bernie Sanders and his lobotomy herds notwithstanding.

  39. Fiberal says:

    Always, always refer to the economic collapse of Argentina.

    Possibly the world’s wealthiest country in the 1920’s, primarily from agricultural resources, but brought down by never-ending cycles of socialist policies.

    Dozens of economic fiascos were perpetuated in Argentina by mindless governmental policies driven by political personalities intent at different times on social reforms, wealth redistribution and protection of the wealthy elites. Military coups were staged over and over, designed essentially to clean up the messes made by government polices and to staunch the lure of communist-style dictatorships.

    One might also reference the collapse of S Africa and Rhodesia, but the problems there were based more in black-white dispositions while Argentina was at once time similar to a U.S./Western European economy, and a constitutional-governing culture.

    All of this is inevitably wasted on a liberal of course, but the facts about Argentina are important for the completion of any argument about global socialism; Bernie Sanders and his lobotomy herds notwithstanding.

  40. Kevin R. says:

    And then there’s Cuba. Before Castro betrayed the revolt against Batista and turned the country into his personal property Cuba was the richest latin American country.

  41. Kevin R. says:

    And then there’s Cuba. Before Castro betrayed the revolt against Batista and turned the country into his personal property Cuba was the richest latin American country.

  42. depwavid says:

    “In my country, we have no TP.” Cornholio

    Yes, but they do have lots of bolivars…


Alibi3col theme by Themocracy