US Democratic Party presidential candidate Bernie Sanders has praised Venezuela’s socialist system as the way of the future before it melted down. But then again, he once also praised what he saw as the good aspect of bread lines in Communist countries.
Venezuela’s socialist revolution has reached a economically painful milestone — issuing its largest-ever bank note: a 100,000-bolivar bill.
Worth? Roughly $2.50.
The imploding regime of President Nicolas Maduro put the record-sized bill in circulation Wednesday as the nation continues to reel from food shortages, power outages, scarcities of basic necessities, and protests by angry citizens.
From CIW NEWS Contributor
Venezuela (VE) is estimated to have a population of 31.0 million with a growth rate during 2010-2015 of 1.4% pa.
At the same rate of change, in five years' time its population will increase by 2.2 million.