Posts: 16075
From: Madeira Beach, FL USA
Registered: Apr 2009

posted May 15, 2021 03:20 PM            

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That's the Biden Plan. That's why Biden and his communist comrades are trying to destroy the value of the $$Dollar through inflation. That's what all the excess money printing is about. Inflation is what happens when too much money is chasing too few goods and services. Inflation also destroys the value of savings..if those savings are tied to the easily printed paper currency. The Federal Reserve is supposed to keep the money supply and goods/services in balance.

Caruzo: Maduro Raises the Venezuelan Minimum Wage by Almost 300% – to $3.55 a Month
Christian K. Caruzo
14 May 2021

CARACAS – Socialist dictator Nicolás Maduro announced a new 300-percent minimum wage hike for Venezuelans on May 1, a quasi-traditional yearly announcement as part of the country’s Workers’ Day celebration.

While 300 percent looks good on paper, it is insufficient for a person to feed themselves for a week, let alone survive.

Ten million bolivars, that is the monthly minimum wage a Venezuelan citizen earns as of May 2021 — 7 million bolivars in wages plus an additional three million that correspond to the “Socialist BasketTicket” food bonus. Converting it to U.S. dollars using the socialist regime’s official exchange rate nets you roughly $3.53, the lowest in the region by a longshot.

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Posts: 3026
From: kamaloka
Registered: Jun 2009

posted May 15, 2021 04:57 PM            

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Headed toward something like Brazil imo. Getting those favelas up real quick in Los Angeles.

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Posts: 4270
From: USA
Registered: Apr 2009

posted May 15, 2021 05:08 PM            

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The CCP's goal is to destroy the US dollar so that it can then truly take over as the world superpower. They've been lining up their pieces on the world's checker for a while now.

Biden is not in charge. He just does whatever he is told behind the scene. The Biden administration has sold its soul.

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