Surviving hyperinflation in Venezuela

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In Venezuela, the government has knocked five zeroes off the refurbished Bolívar in a desperate attempt to control hyperinflation. The Bolívar Soberano is anchored to a crypto-currency that was launched earlier this year. In May 2018, Nicolas Maduro was re-elected president in a vote deemed unfair by both the European Union and the United States. Maduro promised to focus on boosting the economy, but Venezuelans are yet to see their lives improve. Report by FRANCE 24's Claire Paccalin.
A programme prepared by Patrick Lovett and Gaëlle Essoo.

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[grantsmith]

It was once the richest country in South America.

[slantguy]

Hyperinflation's _next_ stop in the 2020's:
U.S.A. / U.S.S.A.

[chuckhiggins]

The eventual fate of all money backed by nothing...

[icwiz]

1:42 The pain in that man's eyes is so visible, just from him saying he can't get spare parts. Its like he wanted to cry. So terrible.

[rajeevgulrajani]

Beatris is such a strong lady, keeping a hold on herself and her family. Kudos.

[MrKinser]

that is really sad their vote counts about as much as ours does in the united states

[DPhasely]

How are businesses operating if no one can buy anything????

[Dwazedas]

School fees? I thought they were socialist.

[armorykittington]

Not gonna lie, the very last sentence floored me from laughter, until I thought about how it's real life and this dude actually is caught in an insane loop where he has to keep looking for a different car part over and over because there is so little to be had and what exists is quickly gone. Poor souls. Damn.

[frankmachado]

If I had this guys address I would send him a master cylender, I live across from a salvage yard, can anyone get the info of this gentlemen, I would need year/make/model ...

[tshandy]

This is what happens when any government devalues its fiat currency through terrible monetary policy. Did you get that, U.S.A.?

[Sky]

Its is happening here in the US and people have no clue.

[rusty]

I hope you slipped him some money, he could really use it.

[rogerlevasseur]

Looks like Portland today. Buckle up for "Biden's America"

[davebrock]

Easy fix, just enact a 30, 000 an hour minimum wage. 🤣

[CouchMan]

As an American I am paying close attention and taking notes

[aoruene]

Will be happy to purchase the parts and mail to him if the make, model, year is provided. Thank you

[joeshmoe]

All he had to do was to put a single drop of oil into his brake fluid. The oil would have expanded the rubber enough no to leak.

[anotherappleperson]

anyone else from the US watching these videos to try to learn something before it hits us?

[mackjeez]

"But.... socialism works...trust me I know it failed miserably time and time again but trust me this time it will work"