Online Game’s Currency Is Now Worth 7 Times More Than Venezuela’s Bolivar

The currency in the online role-playing game World of Warcraft is now worth more than Venezuela’s bolivar. File this one under: “Things that happen when socialists take over.”

Although it’s probably not very funny for those who use money as toilet paper in the socialist dystopia of Venezuela, it’s nonetheless, a teachable moment for delusional leftists in the United States who are chomping at the bit for a master like Bernie Sanders Nicholas Maduro. Because of anti-capitalist ideals, the fake gold of Azeroth in the World of Warcraft is now worth seven times what the bolivar is worth.

Here’s the math behind the currency value:

Per Google, one U.S. dollar is worth 68,915 bolivar.

Compare that to the price of WoW tokens, official in-game credits that can be used to extend a player’s play time or buy in-game items. Tokens can be bought with either $20 real world cash or sold for a fluctuating amount of in-game gold. One tracking service lists the current gold price of a token as 203,035 pieces. That works out to about 10,152 gold gaming pieces per USD.

By those calculations, World of Warcraft virtual gold would be worth 6.8 times as much as the bolivar.

If you factor in the black market rate of the bolivar, though, the difference is even more staggering. Dolar Today, which tracks the black market rate of the bolivar, seems to say the currency’s current value is 636,771.03 per U.S. dollar.

By that figure, WoW gold would be worth nearly 62 times as much as Venezuela’s official currency. –Forbes

A big shoutout to Forbes for doing the heavy lifting on the math. But it doesn’t change the fact Venezuela seems to have dug themselves into a pit that they won’t get out of with more regulations and market controls. Of course, Venezuelan president Nicolas Maduro has shifted his support away from the Bolivar and over to the recently-launched national cryptocurrency, the Petro.

Venezuelan citizens, meanwhile, have taken to bartering in their day to day business dealings. Which is a better deal anyway – no sales tax (extortion fee).

Venezuela’s President Tells Starving Citizens: Eat & Raise Rabbit

Image source: Pixabay.com

Venezuelan President Nicolas Maduro has a unique solution for his nation’s food shortage: rabbit.

In an online video, Maduro told Venezuelans to start raising rabbits for food.

“The first part of Plan Rabbit moves forward,” Maduro said.

“The rabbit isn’t a pet, it’s .. two and a half kilos of meat,” Venezuela’s agriculture minister, Freddy Bernal, added.

Rabbits are a good source of protein and they easily reproduce, Bernal pointed out.

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Rabbit meat is not a normal part of the Venezuelan diet, CNN Money reported. The people of the South American nation mostly view the furry critters as cute pets.

Protein is in short supply in Venezuela because the government has mismanaged the economy and destroyed the food industry. Food is now so expensive and rare that Venezuelans have lost an average of 19 pounds over the past year.

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Food imports have fallen by 61 percent since 2015, a situation that is driving hyperinflation.

Food prices have risen by more than 1,000 percent over the past year, supermarket manager Juan Jose Sousa told CNN Money. In fact, a bottle of Aunt Jemima syrup now costs more than a month’s salary at Venezuela’s minimum wage. The minimum wage in Venezuela is equal to $10 a month in U.S. dollars.

“Pasta, chicken — I also don’t have milk, nor sugar,” a 15-year old shopper told CNN Money. “I don’t know if I have a future in this country.”

Food is plentiful in private supermarkets in Venezuela, but most of the country’s citizens cannot afford to shop at them. Instead, they go to government-run supermarkets, where shelves are empty and food is rationed.

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Violence Flares In Venezuela As Opposition Calls For New Strike

Wuilly Arteaga plays his violin during an anti-government march in Venezuela. (AP Photo/Fernando Llano)

Venezuela’s socialist government opposition called for a two-day national strike against President Nicolas Maduro after another day of violent clashes on Saturday where the injured included a violinist famous for his musical protests.

Wuilly Arteaga,  the 23-year-old has become famous for playing the national anthem on his violin in front of security lines as battles rage around him, has been injured in the fight for freedom against Venezuela’s socialist regime. Paramedics attended Arteaga in the street as blood poured down his face. He later tweeted a video from the hospital with a bandaged face and clutching his violin. “Neither rubber bullets nor pellets will stop our fight,” said Arteaga. “Tomorrow I will be back in the streets.”

On Saturday, several thousand protesters sought to march on the pro-Maduro Supreme Court in support of alternative magistrates appointed by the opposition. But security forces blocked them with armored cars and riot shields. Clashes ensued for several hours as hundreds of masked youths hurled stones and Molotov cocktails at National Guard troops firing tear gas from motorcycles.

Foes accuse Maduro of turning Venezuela into a dictatorship and wrecking what should be a prosperous economy. They want free elections and an end to two decades of socialist rule. “The Venezuelan people are not giving up, they are valiant, they will come out to defend democracy and the constitution,” opposition lawmaker Simon Calzadilla said at a news conference flanked by other coalition officials.

The opposition coalition, which organized a 24-hour shutdown this week that was heeded by millions and paralyzed large swaths of the South American nation, said the next strike would be on Wednesday and Thursday. Mass marches were also planned for Monday and Friday in an effort to force Maduro into aborting a controversial July 30 election for a new congress.  But those in power never willingly give up their reign of terror.

“The repression has been brutal,” opposition leader Maria Corina Machado said. “The world has to understand what we are living through in the streets of Venezuela.”

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Author: Mac Slavo
Views: Read by 16 people
Date: July 23rd, 2017
Website: www.SHTFplan.com

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