How people live in cash-strapped Venezuela - BBC News
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- čas přidán 2. 11. 2017
- While Venezuela’s political crisis continues, its economic crisis gets more critical every day.
The IMF recently said that it expects annual inflation to reach 2,300% by next year. It means that Venezuela’s cash quickly becomes worthless, people have to carry around wads of cash to buy the smallest item and money is in short supply.
Katy Watson, the BBC's South America correspondent, reports
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Neighboring Guyuana has 1/10th of the income of Venezuelans but without the shortages the price controls create. Nobody wants to import at a loss: Economics 101.
WHAT PRICE CONTROLS? LOL
IT'S ALL BUT IGNORED THAT'S WHY THEIR IS HIGH INFLATION
I THINK YOU ARE THE BIGGEST DUMBASS EVER ON JEWTUBE
GUYANA IS INDEPENDENT
@@BernardoPatino guayana is already independent and if Venezuela wouldn't be in this situation I would agree that Venezuela annex the whole country because Guyana is a failure country but now Venezuela is the failure for being socialist
@@Piixe__ no, sorry I meant to say Essequibo
@@BernardoPatino anyways actually Guyana has the absolutely control about esequibo
Loving compassionate prayers for Venezuela ...
lucky sol: ‘Viva Venezuela 🇻🇪! FUK’U Trump/AmeriKKKa!!!” 🔥🇺🇸🔥🐍🔥🐀🔥🐷🔥💩🔥🔪🔪🔪🎯🎯🎯🛢🛢🛢
Any news from Dorset?
That's insane!
As a Puerto Rican who has lived in Britain I am highly impressed by how good her Spanish is.
Her spanish is shit
Zimbabwe in 2005 , deva ju
help please, hello my name is Manuel liscano I am Venezuelan I am in an extreme and unsustainable situation, I work in a store and I earn 2 minimum salaries equivalent to 12 dollars a month and I can not even for 2 weeks of food, I have a baby of 5 years and I can not even buy the necessary, nesesito help you are my only hope help me with the passage to leave the country to Peru and leave this dictatorship please help me is my only hope, I ask you with all my heart, thesurfblack @ gmail. com +584125177208 whatsapp (I do not speak nor understand English use google translator) fast me please
IN YOUR DREAMS
Seems nicer than i thought there...
It was like this. What the heck happened?
Socialism started punishing the rich to give to the poor. All the rich people left (who were also the smart people) with all their money. This caused hyperinflation and brain drain. Socialism can be dangerous, it's like a drug, it works very well at first and the ordinary people enjoy it, but then the money runs out and the problems start.
SOCIAL...
You got it
5389 ?! Give me more. Nvm will still be starving with those amount of money
Ohh my God!
Feel sorry for them but least they don't have to worry about freezing weather
But they are in Zika virus territory, but on the other hand they get cheap cocaine, but then there's the murder rate..... swings and roundabouts.
1:08 gas Boy: hey u didnt pay enough look
That was shoddy and poorly reported...
This is the BBC?
OK...
why is it manipulation tho?
That was actually a pretty truthful BBC report. I live in Venezuela and everything she said was true.
10.000 bolivars ~ $0.04
0:14 300 BS...
BS😂
just like Robert Mugabe's Zimbabwe
Irina Slav from Oilprice dot com has the best short (24 line ) explanaiton of how Venezuelans (are) Desperate for debt restructuring. This is the tipping point: investors had worried about. Russia will restructure, but they only hold 8 billion of Venezuela's 150 billion debt.
Now we all know youre pincode XD
Imo its stupid that they gota carry loads of paper to buy small things. They should use cryptcurrency to avoid the goverment bs.
Are you paying attention, Jeremy?
Finally exposing Venezuelas everyday issues, let the world know, this is chaos! We need a change soon!
The money is so useless that they didn't care if you saw the pin for the card........like damn. I'm pretty sure my toilet paper is more valuable
Getting maximum of 10000 Bolivar from atm is meaningless, 10000 B buy you nothing on Caracas streets
It's 200k bolivars to $1 U.S. dollar.
marksasoldier: “Just wait till the Chinese 🇨🇳 (Gold Backed) PetroYuan arrives and Murders the Petrodollar in 2021, schmuck!!!” 🔥🇨🇳🔥🇨🇳🔥🇨🇳🔥🇨🇳🔥🇨🇳🔥🇨🇳🔥🇨🇳
A bank transfer for a tip ? Yeah right lol. Then you're off to the restaurant. So not everybody struggles, phew. Still sad to see Venezuelans suffer but the question should be how did they get there and what can they do to resolve it ? Just give in to whatever the US wants from you ?
I wouldn't mind "giving in" to "whatever the US wants from us" if it meant I can eat three meals a day again
HOW THEY GOT THERE IS BECAUSE OF WEBSITE DOLAR TODAY WHICH IS SCAM WEBSITE PROMOTED BY OPPOSITION\AMERICAN PROPAGANDA
TO SHOW FAKE EXCHANGE RATES AND ANTI-MADURO PROPAGANDA NEWS
SADLY LOTS OF PEOPLE GETTING FOOLED BY THIS SITE
@@hugochavez5862 your a idiot your kind is fleeing like a mad man all over other south American countries ! Get a grip of reality !
@@jossiemachado4154 Really my country the US should remove all sanctions and also remove all tarriffs as well. Then we need to setup a collaborative network with the community councils on a neighborbood by neighborhood level. Contract MBA students and business development centers to work with them, setup consultative services to work wutg the ministry of communes and social protection. Map out the neighborhoods and have a platform that allows collaboration and skill sharing on a household by household level. Going to try to run surveys in Caracas and Venezuela in order t setup a collaborative platform. It will take work, and I don't exactly have money. But I figured I would take a shot at trying to tackle the poverty problem. This would be easier if I had money...
It’s now up to the Venezuelan people to decide which path they choose. They can continue on the path of socialism or can choose the path of freedom. It’s all up to them.
You mean the path where 50 percent of the human population receive 5 percent of new revenue generated, and where the top 20 percent consumes 86 percent of the worlds resources. Communism is terrible, but so is much of capitalism. Pick your poison, they are both social evils.
SELL YA ASS!!!! 🤣
5389, let’s get her boys 😎
Tell the US to stop sanctions on the bank and oil company.. the people are paying. And can’t revolt.
What a disgrace a cup of coffee cost 100 times more then a full tank of gas !
Then how are the rich still rich down there
Why would you show your own pin to the public
We don't care !
In the UK we have no money
In our accounts to take out
In the first place.
Says the 12 year old Minecraft kid getting 5 pounds per month. Can't complain here in germany.
You should care, you are just conditioned not to care. You care about things you shouldnt care about. Millions of people could be saved if more of us cared.
hgewhew hewdhewr absolutely right
ak74oh I'm in my 40's.
Worked everyday
if you don't learn from socialist failures, you are really vulnerable to populist leaders
Germany fixed hyper inflation.
Why not Venezuela?
So could Maduro, if he would, cut social programs and balance his budget with strong personal resolve.
5 3 8 9
And you get ZERO, worthless!
@@stephenpatten2768 😂
i never knew how lucky i am until i watch series about venezuela, our country is poor but venezuela is on another level of hellhole.
Venezuela has always been rich so idk what are you talking about
"Bwut bwut Corbyn said socialism was goooood 😭"
Ross Gower this shit is the opposite of socialism
Lomas Wefing No
Vlad the Lad Ikr it isn't socialism when it doesnt work. It explains why no one has ever gone socialism
Being a shit government that bases their entire economy on one resource and one economical sector, while getting sanctioned by every other country in the world is what got Venezuela here. But I did the research so...
FinzillaPVG here here
We in South Africa should buy fuel from Venezuela....we pay too much....enough to sort out Venezuelas problems and 🤔
Complicated economy. Well the government is responsible for the economy thats a no brainer. The sanctions imposed on the country by foreign powers do not help.
At least they free and live in warm climate
I love bbc news than American news.
😅
Use bitcoin or petro
que verguenza
Isn't socialism fantastic.
@@Craig121000 Fortunate for us that it somehow results in prosperity and increased living standards despite being so so evil :)
You can dissect it as much as you like, but look at socialist countries and the level of happiness and longevity of life in them and compare them with capitalist countries (you know, those countries that took the species to the moon, split the atom, invented the modern computer, the internet, the industrial revolution etc etc). Regular people in socialist countries can hope to be reasonably treated serfs and that's about it as far as ambition.
@Boyd Don't confuse a democracy with social programs with a socialist country. You'll make yourself look like a know-it-all, know-nothing moron.
In Canada, property rights are still secure, there is no "appropriation" of other people's property, as there is in a socialist country.
Socialism at work...
Chicot The Jester - Venezuela was a shithole before socialism. Nice try though.
CIA AT WORK
Not socialism it’s basic economics. They relied to much on one object to prop their currency
socialism made people depend on government, so yeah, socialism is the problem
HOW ABOUT YOU ACTUALLY ANALYZED THE CAUSE INSTEAD OF JUST BEING BIASED AND RETARDED AND SAY "SOCIALISM" ALSO IT'S
2 MINS OF HATE FROM BBC REMINDS ME OF 1984
Wow it's almost as though everyone crying about "Socialism" in the comments has no actual knowledge of the nuance of political and economic policies, or the understanding of the history of Venezuela that got it to this place.
But yeah, keep screaming about "Socialism" like buzzwords matter.
The country is bankrupt didn't u know that before u went there
Bitcoin bypasses the banking system
No not anymore, the financial district has bought up the bitcoin an will treat it with inflation and deflation.
NOW WE GOT PETRO
All because of a drought.
all because of socialism.
A drought caused all the intelligent, rich people to leave with all their money? That's strange, I always thought it was because of socialism.
The drought caused water levels to fall in the dams, so no hydropower, hydropower is Venezuela's main source of electricity.
Electricity was rationed to save water, which meant power cuts, which meant that factories and business etc couldn't operate, which meant 3 day week, which meant less money making and less pay for employees and the end result, shortages of everything domestically produced.
The drought also caused crops and livestock to die, which meant shortages of domestically produced food.
The result, shortages of everything (apart from oil), importing almost everything, skyrocketing prices, the currency becomes worthless, economic collapse.
Yes, socialist policies made things worse, but the drought was the card that made the house collapse.
Wow... the lengths that people will go to, to not admit that Socialism doesn't work.
@Steve, it's usually not the person defending socialism that is a victim of socialism, they don't care about the victims so long as they can defend their Utopian dreaming.
Textbook marcos regime strategy.Maduro didint learn from the Philippine experience.
Cash strapped I see a wheel barrow of cash that doesn't buy a sandwich too much cash not in ATM's .there country wanted American motorists to pay for all & everything. Govt took all private resources tried to control everything noone works for dollar a week. thanks.😎
*Cough* Communism*cough*
CHOKING ON DICKS OR SOMETHING? I CAN'T HEAR YOU :)
MADURO 2018 :)
HUGO CHAVEZ
DADDY NO
YOU SMELL OF RUSSIAN BOT DADDY
HOW WOULD YOU KNOW WHAT A RUSSIAN BOT SMELLS LIKE?
Starving is part of communism ! Russians starved it's own about 25 million death china starved it's own 75 million deaths ...
Now Venezuela is next !!!
Nearly as bad as in the UK. We all have to cue up at food banks or ask for benefits.
Paul Gibbons *queue* and no we don't want world are you living on.
Ross Gower what world are you living in? you must live in chelsea. plenty of people have to use food banks in the UK even people in employment. There never used to be food banks in London they are a common thing now. there are food banks in many of the supermarkets I use and churches I go to. I donate what I can.
TheEndIsHere FinalWarning No not everyone is using a food bank again I say what world are you living on. And I must ask are you okay? Because you ended up having a mini rant about me being from Chelsea. No I'm not from Chelsea. Would you like to have another guess? Im sure you will get there eventually
Ross Gower Chelsea spell checking troll. Your not happy with anyone today are ya. :-D are you saying their are no food banks in the UK ???
Paul Gibbons Are you going to come up with a legitimate point or are you just gonna keep saying that I'm a troll and say that I'm from Chelsea for some reason. I have had people throw insults at me in the comments before but I have never come across someone who is convinced that I am from Chelsea 😂
you are beautiful
Thank you
Bitcoin Bitcoin Bitcoin
PETRO PETRO PETRO
DADDY DADDY DADDY
YES YES IT'S TIME TO GIVE ME A BLOWJOB
I'M SINNING
Thanks to Biden, coming here soon.
scratch the surface and look into why there oil is dirt cheap ... and why all of a sudden its got so hard in that country..... give u 1 clue saudi arabia's oil monopoly + china's oil debt .... this is how this country's economy was fucked .... not because they gave their citizens free basic amenities..........
Isometric Aquariums please educate yourself, saudi arabia is selling oil for cheap to the point where the entire GCC countries are facing monetary problems..budgets have been cut to almost half in some area and taxes have been imposed! TAXES IN AN OIL PRODUCING COUNTRY.
Supply and demand. How does it even work?
Wooo socialism, hopefully comrade Corbyn will do the same to not so great Britain.
Keep hoping, people have been hoping the same hundreds of years xD
We will give you Trump!
Tim Jones Trump would have this solved and food on people's tables in record time. Look at the USA, lowest unemployment in 2 decades, stock market breaking records and median wealth at the highest point in American history. We should send them Trump.
Socialism is a religion of peace.
weird every journalist in venezuela is white...
Socialism... again.
Everyone should just give up with their own currency and start trading with US dollars
Communism
Wtf happened to them ?just sell your oil ,and print more money💰.
Genius solution. Don't worry about the crippling inflation that would result.
Well, thats capitalism for you.
You think the capitalists hacked venezuela's currency printer, increased their money supply by 500%, and caused hyperinflation?
'thats capitalism for you' - Venezuela is a socialist country you muppet
because all the communist countries are fine. Right Ted? Right? xD
Russell Venezuala is not at all socialist, it has a capitalist ecomony.
Socialism =/= communism.
So she couldn't withdrawal cash... But could afford to dine out and drive a car ....... I think she's doing quite well compared to the rest. Don't lie lady. Your country leader in in complete denial, everyone's starving and dying from lack of basic health care. And you go and make this nonsense
Two option or more
1:conquer by neighbouring country
2:let it collapse and then relive
again
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