Venezuelan Cash Worth Less Than WoW Gold

[jimboa24]

Venezuela's real world currency - the bolivar - is worth less than fake gold in Azeroth, the mythical setting of World of Warcraft.

At least, that's the case if you judge the black market value of the bolivar, one of the most popular ways to change money in the country.

"Kaleb," a Twitter user who claims to be a Venezuelan citizen, was the first to note the state of the country's currency crisis earlier this month, saying the black market value of the bolivar (which is notably different than the official exchange rate set by the government) had fallen below that of the massively multiplayer game's in-game gold.

Things haven't improved since then. Dolar Today, which tracks the black market rate of the bolivar, says the currency has since slipped to 12,197 per dollar.
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 129,631 pieces (as of Tuesday morning). That works out to about 6,482 gold pieces per dollar.

Translation? World of Warcraft virtual gold is worth just under twice as much as the bolivar.

Of course, that's assuming you don't go by the government's official exchange rate - which is about 10 bolivar to one U.S. dollar, something locals try to avoid (even though using the black market to exchange money can carry a six-year jail sentence).The value of the bolivar has plunged in value amid skyrocketing inflation in Venezuela. Last November, the currency lost 60% of its value against the dollar in a single month.

Source. So, how many of you have fictional toons richer in comparable currency than real life (former) middle class Venezuelans?

[Sykol]

Proof that socialism works. We have it right here.

[Mister Cheese]

Proof that socialism doesn't work.

But wait! Venezuelan socialism isn't REAL socialism!

[purebalance]

Proof that socialism doesn't work.

But wait! Venezuelan socialism isn't REAL socialism!

I mean all of the failed/failing ones aren't "real" to people who you argue with about it.

[cubby]

Proof that socialism works. We have it right here.

Proof that socialism doesn't work.

[spoiler]But wait! Venezuelan socialism isn't REAL socialism![spoiler]

Yeah, because that's the takeaway and the only country where we can measure it. Way to pay attention.

- - - Updated - - -

[Mister Cheese]

Yeah, because that's the takeaway and only country where we can measure it. Way to pay attention.

- - - Updated - - -

Test to put what? Venezuela was a booming country with tons of natural resources until they decided to put party jackoffs in charge of everything. People who don't know shit about running a country or infrastructure and would rather further their own agendas and run their own echo chambers than do anything properly. The person in charge right now is a fucking bus driver.

[schwank05]

I'm confused why someone would convert for 12,000+ to 1 when you can simply go through legal means through the government for 10 to 1? seems like a no brainer to me.

[Sky High]

Proof that socialism works. We have it right here.

Here's proof you have no idea what you're talking about. /golf clap

[the game]

Guess I should move there then. I'd be the richest man in the country. I have $20 to my name right now.

[Baelic]

Test to put what? Venezuela was a booming country with tons of natural resources until they decided to put party jackoffs in charge of everything. People who don't know shit about running a country or infrastructure and would rather further their own agendas and run their own echo chambers than do anything properly. The person in charge right now is a fucking bus driver.

That's why they're failing, not because of socialism as a whole. You could say the same thing about failing companies in the US and go "CAPITALISM IS FAILING!"

So no, Socialism isn't the problem here, the people running the Country are.

And as for what I personally advocate (cause I know it'll come up), I am a fan of mixed economies. Capitalism where it works, Socialism were it works, etc. etc.

[Deleted]

Social democracy, on the other hand, is working just fine.

[Mister Cheese]

That's why they're failing, not because of socialism as a whole. You could say the same thing about failing companies in the US and go "CAPITALISM IS FAILING!"

So no, Socialism isn't the problem here, the people running the Country are.

And as for what I personally advocate (cause I know it'll come up), I am a fan of mixed economies. Capitalism where it works, Socialism were it works, etc. etc.

Socialism/communism does not take human nature into account. Which is why it always fails.

[cubby]

Test to put what? Venezuela was a booming country with tons of natural resources until they decided to put party jackoffs in charge of everything. People who don't know shit about running a country or infrastructure and would rather further their own agendas and run their own echo chambers than do anything properly. The person in charge right now is a fucking bus driver.

Exactly. Not the best test case for determining the effectiveness of socialism.

Thanks for amplifying my point.

[Acidbaron]

Proof that socialism doesn't work.

But wait! Venezuelan socialism isn't REAL socialism!

It would have continued to work if the successor wasn't corrupt and if oil prices didn't drop and if the entire country wealth wasn't based on 80% of oil export.

But those are point a bit too complicated for you as it requires you to look into the matter at hand and have an basic understanding of economics and the country current generation of politics.

Socialism also works if we look at Portugal, over a right based government again for other reasons. But hey it's best like most americans to be stuck in the age of Reagan and dislike something based on the red scare your parents told you bogey man stories about.

Oh and before you attempt it, i'm a nationalist conservative card carry member but at least over here we are able to look beyond scary words like socialism and not shit ourself.

Have fun!

[kamuimac]

Source. So, how many of you have fictional toons richer in comparable currency than real life (former) middle class Venezuelans?

and yet some idiots on this forums will continusly praise communism and claim it will one day work .

[jimboa24]

I'm confused why someone would convert for 12,000+ to 1 when you can simply go through legal means through the government for 10 to 1? seems like a no brainer to me.

Because what the government claims the bolivar is worth (10 bolivars to 1 dollar) isn't what it's actually worth in the real open market. And the government isn't the entity that's doing the actual currency exchanges, which is why what they claim the bolivar is worth doesn't mean jack shit.

[Mister Cheese]

It would have continued to work if the successor wasn't corrupt and if oil prices didn't drop and if the entire country wealth wasn't based on 80% of oil export.

But those are point a bit too complicated for you as it requires you to look into the matter at hand and have an basic understanding of economics and the country current generation of politics.

Socialism also works if we look at Portugal, over a right based government again for other reasons. But hey it's best like most americans to be stuck in the age of Reagan and dislike something based on the red scare your parents told you bogey man stories about.

Oh and before you attempt it, i'm a nationalist conservative card carry member but at least over here we are able to look beyond scary words like socialism and not shit ourself.

Have fun!

How do you think he got that position in the first place? And as soon as he's in that system he can immediately install a cult of personality to make sure he can't be pushed out of office. Socialism is flawed and only works on paper. Keep attacking me with ad hominems and strawmen though. I don't care if you're a communist or a socialist. I live in a country where you don't get your house raided for wrongthink.

http://dailycaller.com/2017/03/23/ve...by-pepe-memes/

Pepes are worth more than the Bolivar. And I can't find a source on this other claim but Switzerland was storing Venezuela's gold and they demanded it back. But as soon as it was returned to the country it disappeared. I fucking wonder where it went.

[Deleted]

So no, Socialism isn't the problem here, the people running the Country are.

It's always the incompetent and dishonest people who ruin it, right?

Funny how socialism seems to always attract those incompetent and dishonest people, and so far never in history any other kind.

Should we draw the conclusion that the problem isn't socialism, but socialists?

[Mister Cheese]

It's always the incompetent and dishonest people who ruin it, right?

Funny how socialism seems to always attract those incompetent and dishonest people, and so far never in history any other kind.

Should we draw the conclusion that the problem isn't socialism, but socialists?

No true SocialistScotsman! No true SocialistScotsman!

[Elegiac]

It's always the incompetent and dishonest people who ruin it, right?

Funny how socialism seems to always attract those incompetent and dishonest people, and so far never in history any other kind.

Should we draw the conclusion that the problem isn't socialism, but socialists?

Because there are no corrupt or dishonest people in capitalist countries, apparently.