Grid failure and hyperinflation are causing havoc in Venezuela as the country’s currency has become worthless. (Photo Credit: Reuters)
Grid failure and hyperinflation are creating a barter economy in Venezuela. To elaborate, Venezuelans with no cash and electricity must barter to survive.
For instance, signs in market stalls say “barter”, The Guardian reports. The barter signs mean that people can trade items for food and other essentials instead of paying cash.
Venezuelans are bartering because cash is unavailable or worthless. In fact, a kilo (2.2 pounds) of meat costs 15,000 bolivars at a Caracas butcher shop.
The bolivar is Venezuela’s worthless currency named after the country’s founding father Simon Bolivar. Nevertheless, many Venezuelans have not seen a bolivar in months because the banking system is collapsing.
Families Cannot Buy Food Because Of Grid Failure And Hyperinflation
So, cryptocurrencies are not available if there is no electricity. This means that many Venezuelans could not buy food during a massive blackout last month. Electricity went off in 18 of Venezuela’s 23 provinces on March 7 because of problems with a power line.
Under those circumstances, barter and foreign currencies like the U.S. Dollar and Euro were the only ways Venezuelans could buy food. Moreover, many merchants in Venezuela refuse to take the bolivar because of hyperinflation.
For example, a butcher in Caracas (Venezuela’s capital) admits over 10% of his business is in dollars. Specifically, many people buy meat with dollars sent by relatives outside the country. Notwithstanding, families can only send money if there is electricity and the internet is working.
Families Turn To The Black Market To Survive Because Of Hyperinflation
“All this government talk of American imperialism and now we have to use dollars,” Celina Bareto tells The Guardian. Tellingly, Bareto and her daughter were using dollars to buy vegetables in Caracas.
Oddly enough, the two are technically criminals because it is illegal for Venezuelans to possess foreign currency. However, hungry Venezuelans widely ignore that law and a ban on cryptocurrency.
“I keep all of my money in Bitcoin,” Venezuelan economist Carlos Hernández admits in The New York Times. “Keeping it in bolívars would be financial suicide.” Particularly, Hernández acknowledges that he uses Bitcoin to feed his family.
Unfortunately, Hernández cannot access his Bitcoin during blackouts unless he has a backup power system. Yet, Hernández could use a solar electric system to power a satellite phone to access his Bitcoin in an emergency.
Grid Failure And Hyperinflation Turn Venezuelans Into Criminals
Hyperinflation is turning many Venezuelans into criminals because they want to feed to their families. In essence, hyperinflation is an economic crisis in which prices rise by over 50% a month.
Venezuela has hyperinflation because socialist President Nicolás Maduro is printing money to pay for his government. In particular, Maduro prints bolivars to pay his military, buy weapons for the military, and fund social programs to buy votes.
However, Maduro is bankrupting ordinary Venezuelans by destroying the value of their money with hyperinflation. In fact, the government pays many Venezuelans, including soldiers and government workers, in bolivars. As a result, Maduro forces ordinary people to finance his government through hyperinflation.
In addition, politicians, generals, and government officials in Venezuela cash in on hyperinflation by exchanging the bolivars they print for other currencies. As a consequence, Maduro and his cronies get rich while ordinary Venezuelans cannot buy food.
Maduro’s government currently has no incentive to end hyperinflation. According to The Miami Herald, U.S. prosecutors allege that Venezuelan politicians have made billions of dollars through foreign exchange.
Democrats Want Grid Failure And Hyperinflation In America
Americans must prepare for grid failure and hyperinflation as well since many Democrats plan socialist policies similar to Maduro’s.
For example, Democratic leaders like U.S. Representative Alexandria Ocasio-Cortez (D-New York) are embracing Modern Monetary Theory (MMT). In detail, MMT believers think the government can pay for gigantic social programs by printing unlimited amounts of money.
In short, Americans could face hyperinflation and grid failure soon. After all, socialist Democrats like Ocasio-Cortez and U.S. Senator Bernie Sanders (I-Vermont) could be in control of the White House and Congress in January 2021, less than two years from now.
Smart Americans will prepare immediately for grid failure and hyperinflation with stockpiles of essentials, new technology, gardens, and backup power systems. Such preparations today could help your family eat in a few years.
You may also enjoy reading an additional Off The Grid News article: Grid Failure Devastates City In Collapsing Venezuela
Or download our free 28-page report on the top 9 threats to the power grid: Black Out
Do you have any more thoughts regarding the ongoing grid failure and hyperinflation in Venezuela? Let us know in the comments below.
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NYC Adds Nearly 4,000 People Who Never Tested Positive To Coronavirus Death Tolls
New York City added nearly 4,000 people who never tested positive for the coronavirus to its death toll Tuesday, bringing coronavirus-related deaths in the city to around 10,000 people.
The city decided to add 3,700 people to its death tolls, who they “presumed” to have died from the virus, according to a report from The New York Times. The additions increased the death toll in the U.S. by 17%, according to the Times report, and included people who were suffering from symptoms of the virus, such as intense coughing and a fever.
The report stated that Democratic New York City Mayor Bill de Blasio decided over the weekend to change the way the city is counting deaths.
“In the heat of battle, our primary focus has been on saving lives,” de Blasio press secretary Freddi Goldstein told the Times.“As soon as the issue was raised, the mayor immediately moved to release the data.”
The Ultimate Energizer Review – Does It Really Work?
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This brings us to the review of the ultimate energizer guide. This is a program that provides users with classified information on how to build a free energy generator. But can the program really make you achieve this?
does it work? will it be worth your investment, time and energy? all these questions and more are what this review on the ultimate energizer program seeks to help you find answers to.
The ultimate energizer review – is it worth it?
About The Ultimate Energizer guide
The ultimate energizer is your ultimate guide to building your own alternative and portable energy source to power up any of your household appliances including refrigerators and aircon units. It is a very affordable way to having an emergency generator that can help you save more than 50% from your electricity bills without spending too much on other alternative energy source like solar panels or wind turbines which is costly and will also need a lot of space.
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It is lost to the earth which means we need to really take care of it in order to reduce the cost of energy bills which introduces the ultimate energizer guide.
About The Ultimate Energizer Creator
The creator of the complete the ultimate energizer guide is steven perkins. He found the journal of the founder of this technology in his home when his father shifted near quebec city in canada.
In this post, we will review the ultimate energizer whose creator claimed to offer a way through which you can generate non-stop current. According to the author, you can drop down your electricity bills by 80%.
Of course the ultimate energizer owners provide resources. But the truth is that you are a master creator. All of them have that talent in us. The only difference is the extent to which it is hidden in each of us.
Features of The Ultimate Energizer
The features of the ultimate energizer guide are as follows:-. This program guide will help you to design a the ultimate energizer generator which will follow the rules of linear induction motor which is built around a track that is orbicular to maintain the smooth motion of rotors that are transportable.
You can find here, a extensive review which highlights all the important features and performance criteria of the ultimate energizer. Use of the the ultimate energizer is very easy since all of the functions can be accessed in a short time; you have complete control over it. 100% money back guarantee shows that the ultimate energizer really works. The ultimate energizer gives full customer support for 7/24/365, also, features, credibility and the ultimate energizer’s ease of use are favorably satisfied by the buyers.
Use it on any electrical appliances from small clocks to big plasma tv screens, refrigerators, and air conditioners. Power the cabins while hiking to the mountains or camping. Other essential features of this complete the ultimate energizer are that it is easy to assemble and does not require a technical background to master engineering.
Pros and Cons of The Ultimate Energizer
I’ve created this honest ultimate energizer review to help you make a well-informed decision. I’ve tested it myself and now i’m going to share with you all the key aspects you may be interested in: how does it work? is it really so powerful and effective? what are its pros and cons?.
It is non-polluting. It remains popular the ultimate energizer guide pros & cons because it is both a renewable and clean source of energy. Harnessing solar energy is more than a fine idea it’s currently a reality in thousands of homes in a lot of nations around the world.
On the review of the ultimate energizer guide, we will be looking into what exactly the program is all about, the details of the energy generator program, the benefits, pros & cons and our conclusion on the program.
Does The Ultimate Energizer really work?
The device is usable during emergencies. It works without fuels and therefore there are no expected fumes. It is weather proof. Cons of the ultimate energizer. You can only download the program from the official website.
But the ultimate energizer reviews that are available from real users online on platforms like google and youtube seem to confirm that the device does indeed work. So, as per my ultimate energizer review answer to the question is the ultimate energizer legit? is definitely yes.
The ultimate energizer guide. The ultimate energizer is said to work for your home and cut electricity by 82%, guaranteed by tomorrow. The ultimate energizer reviews. It can boost any type of electricity by as much as 5 times.
Advantages of The Ultimate Energizer Program
The program can benefit you in many ways. Below we are listing the advantages of using the ultimate energizer program for generating electricity:. This device will help you save up to 60%-70%, without investing money in solar panels which can cost you a lot of money.
There are additional the ultimate energizer guide program advantages too, including advantages at tax time, so do your homework on what you might have for being a solar power pioneer contributed back.
Why The Ultimate Energizer is Useful?
The ultimate energizer is a complete guide and blueprint. With it, you get everything you need to know to build your own free energy generator. This generator can be completed for less than $50 if you have some tools already. But i remember reading another review of the ultimate energizer, and the guy said he took days. Maybe he was crafty. Then, you assemble it and get it to work.
You will be guided step by step, that anybody who can read can build it. You do not need prior building experience or massive strength; it is that easy. Building the ultimate energizer takes under 4 hours if you are slow and definitely a lot less when you have help.
The ultimate energizer has already changed the lives of over 30,000 families who chose to power their homes using this eco-friendly device. This is definitely a good investment that is worth your time and money and if you think it isn’t after trying it out, you can request for a refund.
Is The Ultimate Energizer a Scam?
The ultimate energizer guide really show you how to power your house and save tremendously, or is this just another overhyped scam? this system was created after its owner decided he wanted to have a home power generating system in case of any crises or disasters.
The ultimate energizer pdf. It does not need any conventional electric power. The ultimate energizer scam. In this program, you can also build more generator and sell for profit. This product can also be incorporated into the automobile to power an electric motor.
All you need is an open mind and a desire to try new things to get a life in the field of freedom of energy. So, what are you waiting for? it’s time to say goodbye to major energy companies and start using the ultimate energizer guide today.
Watch this video demonstration of the ultimate energizer guide put into action
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