KOMMONSENTSJANE – When Money Dies In Venezuela, a Haircut Costs 5 Bananas and 2 Eggs. By Arlin’s Report/Black Listed News

Reblogged on kommonsentsjane/blogkommonsents.

May 6, 2018

All of you young people who love socialism which has been Democrat leaders Obama/Schumer/Pelosi’s agenda for your future – just read this and that is the way these “cats eat the canary.” They are trying to make this country into a Venezuela – little by little – right under your nose – inch by inch. First, it’s your free speech and then they want your guns and when they get those two – they have you because you have no way to protect yourself.

Be smart – trust but verify.

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Black Listed News

WHEN MONEY DIES: IN VENEZUELA, A HAIRCUT COSTS 5 BANANAS AND 2 EGGS

Published: May 6, 2018

SOURCE: ZEROHEDGE

For Venezuela’s economy, the ascent into socialist paradise did not turn out quite as planned: in fact, under the Maduro regime, the country with the world’s biggest petroleum reserves somehow reversed course, and crashed through every single circle of economic hell, and now that its hyperinflation has hit levels that would make even Mugabe and Rudy von Havenstein blush, all that’s left is barter.

And, as Fabiola Zerpa explains as part of Bloomberg’s fascinating “Life in Caracas” series, i.e., watching economic and social collapse in real-time, in Venezuela, a haircut now costs 5 bananas and 2 eggs.

Read on for what really happens when money dies, coming to a banana monetary regime near you in the near future.

In Venezuela, a Haircut Costs 5 Bananas and 2 Eggs

The other day, I made a baguette-for-parking swap. It worked out brilliantly

I had time but, as usual, no bolivars. The attendant at the cash-only lot had some bills but no chance to leave his post during the fleeting moments the bakery nearby put his favorite bread on sale. The deal: He let me leave my car, and I came back with an extra loaf, acquired with my debit card. He reimbursed me—giving me a bonus of spare change for my pocket.

That’s how we make do in our collapsing economy. If somebody has lots of one thing and too little of another, an arrangement can be made. I’ve exchanged corn meal for rice with friends from high school, eggs for cooking oil with my sister-in-law. Street vendors barter, too, taking, say, a kilo of sugar as payment for one of flour. There are Facebook pages and chat-room groups devoted to the swap-ability of everything from toothpaste to baby formula.

Amid widespread food shortages, street vendors are selling small portions of groceries. Photographer: Carlos Becerra/Bloomberg
A barber in the countryside cuts hair for yuccas, bananas or eggs. Moto-taxi drivers will get you where you need to go for carton of cigarettes. The owners of one of my favorite Mexican restaurants offer a plate of burritos, enchiladas, tamal and tacos in return for a few packages of paper napkins. At a fast-food joint near my office, the guy working the register let me walk away with a carry-out order of chicken, rice and vegetables without paying the other day, relying on my promise to come back with the 800,000 bolivars.

Acting on that kind of trust was unheard of just a few years ago. Charity is also something new. I didn’t grow up with the traditions of canned-food drives and volunteerism that are common in the U.S. Now parents from my kids’ school collect clothes for the poor, and neighbors gather toys for a children’s hospital. My friend Lidia, a property-rights lawyer, delivers homemade soup to the homeless.

I like to think of all of this as a noble expression of solidarity, as evidence of the decency of my fellow caraquenos at a time of mind-numbing shortages of basic goods and exploding inflation. I know that in most cases the motivation is necessity, even desperation. But that’s all right. Handing that freshly baked baguette to the parking lot attendant made both of us smile, even if for just a second.

* * *

For more true stories on daily life in Venezuela read:

In Caracas, Sick Humans Are Resorting to Dog Medicine
One Venezuelan Actually Chose to Come Back Home
Hyperinflation Is Breaking Deli Scales
I’ll Pay 100% Premium for All the Cash You Have
Leave Right Now or Arm Yourself to the Teeth
Venezuelan Pirates Rule the Most Lawless Market on Earth

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And to think that this country was one of the richest oil countries in the world – who would have “thunk” it. The people were just like some of you – they let the Obama dictators talk them into “socialism.” Tell me just one country in the world that has survived under a “socialism” dictatorship.

BE SMART!

kommonsentsjane

About kommonsentsjane

Enjoys sports and all kinds of music, especially dance music. Playing the keyboard and piano are favorites. Family and friends are very important.
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