Before I extend to explain what I want to explain, I must clarify that I am not an expert in finance or economics, but as a thinker I can reach certain conclusions, and from the reality that I observe daily I can permanently realize that the economy is very bad.
It is not a lie to anyone that the dollar in many countries continues to rise in value, although many say that this currency is already in decline, is still the main currency in the world, is used as a reference for most calculations of wages for example, and most of the products we consume.
It also gives us an idea of the evolution of this and how it reflects the degree of inflation in the different countries. I will talk specifically about two countries, which I know because in one I was born and in the other I currently reside, Venezuela and Colombia respectively. In this first part I will talk about part of what happens in the land where I was born, and in the next post, the second part, I will explain how I perceive inflation in the country to which I emigrated.
I'll start with Venezuela, my beautiful country, which has gone from being known worldwide as the country with the largest oil reserves in the world to being a country where a group of politicians have been in charge of leading it into an economic debacle without precedent in the history of the world economy. More than 1 million % of inflation in the last 10 years...
Well, I emigrated from Venezuela two and a half years ago, already the reality was catastrophic, but at this very moment it is ten times worse. To make it easy to understand; The minimum wage is 400,000 bolivars (VES) Venezuelan national currency, and to that is added a food allowance of the same 400,000 VES, that means that a full salary, as it is called, reaches 800,000 bolivars, you would think that there are a few zeros in that figure and something must be worth, well, a dollar in Venezuela is worth 200,000 VES, that is to say that the minimum wage is 4 dollars a month, if, please shut your mouth, it is surprising and it seems exaggerated, but it is like that. .. 4 dollars a month.
And the price of the dollar keeps going up, daily, so soon almost any income will be reduced to nothing...
Logically you can think and be right that when the price of the dollar increases all products and services go up in price, so after a few weeks what you could buy with 10 dollars now you need to buy the same about 15-20 dollars . Well, I am not an expert in this area but I think this is easy to perceive without being a scholar in the subject, don't you think so?
Well, in this case it is a limit situation, in it they have made a series of eliminations of zeros of the currency, that is to say, that before it was worth 1000 bolivars, now it is worth 1, but all increase, and they removed 3 zeros more, so again what was worth 1000 (and before 1000,000) now is worth 1... yes, absurd but true. That's a good way to bring a country to ruin, and with little effort.
That of managing, of governing cannot be assumed by people who do not know about finance or economy, much less those who lack common sense. But they are the ones who are...
See you in the next publication in which I intend to make a comparison between the economy of my home country and the country where I currently reside.
Have you ever lived in your country or nearby countries similar situations to the ones I am raising?
Can you live in your country with 4 dollars a month?
Thank you very much for reading me.
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