Venezuela's Hyperinflation: $1M Drops to $7, 35% of Population Flees

Global Economy

Hyperinflation in Venezuela devalues $1M to $7, forcing 7.7M people to flee. Poverty rises as many survive on garbage meals.

1No thanks★.Dec. 18, 2024 (Wed) 23:37:59.57ID:YQSxjWtq9
“The value of 1 million yen becomes 1 yen” Hyperinflation causes 35% of the population to flee… The surprising contents of Venezuelan immigrants' bags As many as 35% of the population of Venezuela has abandoned the country where they were born and raised, choosing to become immigrants. By following young people who had recently left the country and become immigrants, the harsh reality of poverty became apparent. Venezuelan President Maduro is known as a dictator who is thoroughly anti-American, and economic difficulties have worsened poverty among the people. The number of migrants fleeing Venezuela is as high as 7.7 million, roughly 35% of the country's current population. The Venezuelan government has implemented immigration control measures to stop the increase in immigration. The program featured the voices of citizens lamenting that “they aren't renewing our passports so that we can't travel abroad” and “we have no choice but to go abroad illegally". I encountered a family of nine who said they were heading for Ecuador, which is beyond Colombia. However, the family was unable to pay the fare for everyone in the family and were therefore unable to board the bus. Hyperinflation is still ongoing in Venezuela, and the situation is so serious that something that used to cost 1 yen can now be bought for 1 million yen. It is one of the poorest countries in South America, with 75% of the population living on just $1.90 (about 285 yen) a day. (Omitted)
After this, Pujoljo D accompanied Carlos on his first day of immigration. And his first meal in five days was garbage.
Details from the source 2024/12/17.

「100万円の価値が1円に」ハイパーインフレで国民の35%が逃げ出す…ベネズエラ移民の意外すぎるカバンの中身 | バラエティ | ABEMA TIMES | アベマタイムズ
人口の35%もの人々が生まれ育った母国を捨て、移民になる道を選ぶベネズエラ。同国を出て移民になったばかりの若者に密着し、見えてきたのは、厳しい貧困の実態だった。 12月14日、東野幸治とあのちゃんがMCを務める新番組『国境デスロード』#2が...
3Anonymous Donburako.Dec. 18, 2024 (Wed) 23:38:57.08ID:XRFl+vLK0
This is the end of communism. It's so pitiful.
5Anonymous Donburako.Dec. 18, 2024 (Wed) 23:39:47.48ID:aM+c+/vv0
>>3
But North Korea has been doing well for a long time, leeching off China and Russia.
4Anonymous Donburako.Dec. 18, 2024 (Wed) 23:39:28.30ID:HpirL2dB0
Better than Zimbabwe.
24“” Guard [lv.5] [Sprout].Dec. 18, 2024 (Wed) 23:45:17.91ID:gSwHd7OF0
>>5
What are you doing well?
6Anonymous Donburako.Dec. 18, 2024 (Wed) 23:40:27.78ID:HpirL2dB0
At this point, bartering becomes more realistic.
7Anonymous Donburako.Dec. 18, 2024 (Wed) 23:40:29.33ID:W+OIg+gn0
This is Japan five years later.
8Anonymous Donburako.Dec. 18, 2024 (Wed) 23:40:57.49ID:JPvYFdc/0
Is that stack of bills just out of paper? lol
9Anonymous Donburako.Dec. 18, 2024 (Wed) 23:41:16.80ID:hvL06aT+0
Japan too eventually.
11Anonymous Donburako.Dec. 18, 2024 (Wed) 23:41:34.21ID:S7JZUSQO0
In extreme cases, the old media cites a multitude of examples to instill fear in people about money.
12Security guard [lv.2] [Shinmekei].Dec. 18, 2024 (Wed) 23:41:38.48ID:gSfyrMRp0
The same will happen to the Japanese yen.

Because of the 1200 trillion yen debt, interest rates will never be able to be raised.
The value of the Japanese yen will continue to fall.
The Japanese yen will eventually become the Zimbabwean dollar.

19Anonymous Donburako.Dec. 18, 2024 (Wed) 23:43:53.15ID:fn5Jll8O0
>>12
They have 1200 trillion yen in debt, but if you combine overseas assets and the Bank of Japan's money, it's a plus 600 trillion yen, so there's no problem
But they have a ton of US government bonds, so the more the dollar inflates, the more money they make.
13Anonymous Donburako.Dec. 18, 2024 (Wed) 23:41:41.91ID:W+OIg+gn0
Even though it is one of the world's leading oil producing countries, the country is being destroyed by American subversive activities.
54Anonymous Donburako.Dec. 18, 2024 (Wed) 23:58:58.07ID:j3FkhOb80
>>13
The oil is low-quality oil called bitter, but since the major Western companies have fled, there is no technology to refine low-quality oil.
14Anonymous Donburako.Dec. 18, 2024 (Wed) 23:41:44.69ID:/mOwPSxP0
It should be accepted in Japan, where there are financial resources.
15Anonymous Donburako.Dec. 18, 2024 (Wed) 23:41:47.32ID:eR28EKG00
I think everyone would be happy if we took over a country like this rather than invading and taking over a country that doesn't want us to live in.
16Anonymous Donburako.Dec. 18, 2024 (Wed) 23:42:18.21ID:XTnNrgzW0
National cryptocurrency also suffers major setbacks. There are so many blunders that it's impossible to fix them.
17Anonymous Donburako.Dec. 18, 2024 (Wed) 23:43:29.71ID:oL4Y8+qA0
Later Japan.
18Anonymous Donburako.Dec. 18, 2024 (Wed) 23:43:50.25ID:wantdxWf0
Next up is Japan!
20Anonymous Donburako.Dec. 18, 2024 (Wed) 23:44:02.16ID:eA82Yufa0
Looking at the current inflation situation, Japan will probably end up like this. Deflation was good after all.
22Anonymous Donburako.Dec. 18, 2024 (Wed) 23:44:06.48ID:2hnuvfzo0
If we stopped being anti-American and let American companies dig for oil, we would all be rich and have enough reserves to live a comfortable life, right?
38Anonymous Donburako.Dec. 18, 2024 (Wed) 23:53:22.33ID:wqKMUXpZ0
>>22
They won't dig because it would lower the price of oil in America.
23Anonymous Donburako.Dec. 18, 2024 (Wed) 23:44:16.54ID:cAOGDEkK0
A thoroughly anti-Japanese, anti-American stance. Korea one year later.
25Anonymous Donburako.Dec. 18, 2024 (Wed) 23:45:37.64ID:fn5Jll8O0
Everyone's been fooled by the Ministry of Finance and all they remember is debt. Check how much assets they have. The Bank of Japan can buy anything with the infinite amount of yen they can print.
53Security guard [lv.40].Dec. 18, 2024 (Wed) 23:58:48.73ID:4M65Zo+k0
>>25
The more you print, the less valuable it becomes.
71Anonymous Donburako.Dec. 19, 2024 (Thu) 00:03:01.53ID:YsDGtQjc0
>>25
No matter how much money is printed, the wealthy will just collect it.
In fact, the national debt has increased by 1000 trillion in the last 20 years, and conversely, the amount of money in the market should have increased by 1000 trillion, but the median annual income has decreased by 2 million, which is just ridiculous.
26Anonymous Donburako.Dec. 18, 2024 (Wed) 23:45:40.27ID:IfzUYOS60
Doesn't this actually have the largest oil reserves in the world?
I wonder which country will ultimately gain control of it.
59Anonymous Donburako.Dec. 19, 2024 (Thu) 00:00:26.60ID:ev8jh4eB0
>>26
It's called extra heavy oil, and it's a clay-like crude oil that contains a lot of impurities, so it's not liquid, so it's difficult to pump up through pipes and the production costs are extremely high.
It has similar properties to the Canadian oil sands.
27Anonymous Donburako.Dec. 18, 2024 (Wed) 23:46:03.07ID:n8JPp4Sr0
That's tomorrow's Japan. If the 1.03 million barrier is raised to 1.78 million, the Tamaki shock could cause the yen and government bonds to crash.
28Anonymous Donburako.Dec. 18, 2024 (Wed) 23:46:38.85ID:/iaPTMsn0
The end of Abenomics.
30Anonymous Donburako.Dec. 18, 2024 (Wed) 23:47:05.77ID:a9JZwkI40
Carlos Rivera would be a wreck!
32Anonymous Donburako.Dec. 18, 2024 (Wed) 23:49:26.03ID:25MPKNSF0
I need to exchange my yen for gold, a Rolex, or Bitcoin. Are you a bit scared of Bitcoin? Lol.
33Anonymous Donburako.Dec. 18, 2024 (Wed) 23:49:36.32ID:fn5Jll8O0
As Aso said, Japanese national bonds are held by Japanese banks, so they will never go bankrupt. They won't be repaid in dollars. Japanese national bonds can be repaid in Japanese yen, which means there will be no hyperinflation. Who tricked you into believing Japan would go bankrupt? I feel sorry for you guys.
34Security guard [lv.18].Dec. 18, 2024 (Wed) 23:50:37.62ID:z4xCVDwo0
Wealth is concentrated in the hands of the upper classes, and Guerrillas are plotting the same.
35Anonymous Donburako.Dec. 18, 2024 (Wed) 23:51:49.87ID:P3M18pnY0
Isn't it a country where baseball is popular?
36Anonymous Donburako.Dec. 18, 2024 (Wed) 23:52:24.08ID:VREBJymZ0
I feel sorry for the Venezuelan people, so Japan should buy the oil drilling rights for them (´・ω・`).
37Anonymous Donburako.Dec. 18, 2024 (Wed) 23:52:51.66ID:SLAAQ+pd0
Is this some kind of Ministry of Finance propaganda?
39Anonymous Donburako.Dec. 18, 2024 (Wed) 23:54:00.35ID:rePI7iI/0
As long as the current account remains in surplus, Japan will be fine.
40Anonymous Donburako.Dec. 18, 2024 (Wed) 23:54:22.28ID:DMizsxQZ0
In Japan, government bonds are not selling on the market and the Bank of Japan is semi-forcibly buying them up with ordinary depositors' money. This is not a situation that can be laughed at as something that doesn't concern someone else.
42Anonymous Donburako.Dec. 18, 2024 (Wed) 23:55:19.60ID:rePI7iI/0
>>40
Are individuals depositing money with the Bank of Japan?
50Anonymous Donburako.Dec. 18, 2024 (Wed) 23:57:41.49ID:fn5Jll8O0
>>40
You don't know what you're talking about.
You probably saw the article by the reporter who was making a fuss about it being a problem when it really wasn't.
43Security Guard [lv.4] [Sprout].Dec. 18, 2024 (Wed) 23:55:21.90ID:Ts+ftPRp0
That would reduce my savings to just 4 yen.
46Anonymous Donburako.Dec. 18, 2024 (Wed) 23:57:00.90ID:LzVTupGh0
>>43
I paid 1 yen (◞‸◟).
52Anonymous Donburako.Dec. 18, 2024 (Wed) 23:58:31.12ID:HqvHulub0
Saving money is something idiots do.
72Security Guard [lv.19] [Seedling].Dec. 19, 2024 (Thu) 00:04:07.87ID:NqVh7dkl0
It's a stock bubble, it's going to burst anyway.
Reference: https://asahi.5ch.net/test/read.cgi/newsplus/1734532679

Other languages: 「100万円の価値が1円に」反米のベネズエラでハイパーインフレ、770万人が国から逃走、5日ぶりの食事は生ゴミ, “El valor de 1 millón de yenes se convierte en 1 yen'' La hiperinflación en la Venezuela antiamericana provoca que 7,7 millones de personas abandonen el país, y su primera comida en cinco días es basura.

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