The streets of Venezuela are covered with signs, saying: “Notice: The VEB will be replaced by the VEF on January 1, 2008 at the fixed rate of 1 VEF = 1000 VEB.”
This is an hilarious example of how Hugo Chavez, dud ruler of Venezuela, is a moron. He has decided that the best way to fight inflation is to drop ZEROs from the currency!!! Because his mismanagement has led to hyperinflation that is absolutely destroying the Venezuelan economy and undermining the wealth and wellbeing of every Venezuelan, he’s dropping zeros! So a instead of a loaf of bread costing 10,000 mangy Venezuelan Bolivares, it will only cost 10 Venezuelan Bolivares Fuerte! But it’s not all upside – everything will be lower. Wages, savings, even debt.
How long til the leftist newspapers from around the world proclaim:
It’s a miracle! Chavez has made food cheaper for every man, woman and child!¬†
Furthermore, it is in perfect keeping with the entire leftist, revisionist, type thing. Fast forward a year: a year ago, milk cost 2,000 per litre, now only 1,000!
Ha ha, lefties are hopeless when it comes to leading complex economies.