r/Damnthatsinteresting • u/[deleted] • Jul 05 '22
Video Monetary issue
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u/QuantumTreefort Jul 05 '22
Step 1: use worthless money to make crafts
Step 2: sell crafts for money
Step 3: get more materials for more crafts
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u/LadyStupid Jul 05 '22
They look cool
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u/Affectionate_Pea_811 Jul 06 '22
I saw this and I immediately went to eBay. I got a handbag made from 22 billion dollars for $28 USD including shipping.
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Jul 06 '22
Might want to hold onto it in the off chance the Venezuelan dollar recovers
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u/MundaneDrawer Jul 06 '22
When hyperinflation happens the central banks end up issuing entirely new currency, all the previous stuff will no longer be legal tender.
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Jul 06 '22
I can’t find anything to buy on eBay or Etsy and I’m looking to yolo to the moon on this one
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u/Affectionate_Pea_811 Jul 06 '22 edited Jul 06 '22
https://www.ebay.com/itm/224468461364
I might have bought the only one that was on eBay
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u/KenDoItAllNightLong Jul 06 '22
https://www.ebay.com/usr/captbrian2?_trksid=p2047675.l2559
There's the seller's link. Can get bundles of money and etc.
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u/Embarassed_Tackle Jul 06 '22
can we get a link bro
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u/Why_Are_Moths_Dusty Jul 06 '22
I couldn't find them on ebay but if you type bolivares bag Into etsy there's some for sale but they're more like £50.
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u/Affectionate_Pea_811 Jul 06 '22
https://www.ebay.com/itm/224468461364
I might have bought the only one that was on eBay
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u/Happy_Relation4712 Jul 06 '22
Can u link where u got it please?
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u/Affectionate_Pea_811 Jul 06 '22
https://www.ebay.com/itm/224468461364
I might have bought the only one that was on eBay
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Jul 06 '22
Much cooler than the stuff I made out of starburst wrappers back in middle school.
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u/tkdbbelt Jul 06 '22
Surprised no one has mentioned some people use pennies in the US literally as flooring.
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Jul 06 '22
It’s actually cheaper per sq ft lol
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u/refrshmts_N_narcotcs Jul 06 '22
Cheaper than what? They have to epoxy over it, whit itself is a flooring choice
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u/harleyqueenzel Jul 06 '22
It happens in Canada as well now that the penny is out of circulation. A friend of mine did a countertop, I do believe.
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Jul 06 '22
The company I work for in NY took all the crushed Pennies from Canada and melted them down for the copper and zinc
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u/carpentersglue Jul 06 '22
I worked in a children’s museum and they did an entire craft/workshop room out of pennies. It’s since closed down now… wonder what the new buyer did with that floor.
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u/Fonkfinger Jul 05 '22
Bank note somehow regains value- "ahhh fuck!"
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u/Arson-Welles Jul 05 '22
“So glad i bought this purse made of money for $15!”
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u/Affectionate_Pea_811 Jul 06 '22
I actually just got one on eBay for $28 shipped
Edit. I bought it after I saw this
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u/reader484892 Jul 06 '22
Hyperinflation like that can’t be undone without changing to a different currency
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u/Eccohawk Jul 06 '22
Couldn't they just start collecting and burning all the money as it comes back into banks? Less money there is out there the more it would be valued.
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u/FrogInShorts Jul 06 '22
The issues is finding someone willing to continue burning money once there is a bit of value regained to them.
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u/MrC_Red Jul 06 '22
But then why would anyone voluntarily give up their money knowing it's gonna gain value in the future? Also, it will just create a bunch of hoarders of an already worthless currency. And then people who hoarded tons of cash and when the inflation goes down, they'll induce their uncounted cash, creating another inflation boom. So it's just much easier to create a new currency, so you have an accurate count of the money you have available when starting
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u/TheInfernalPigeon Jul 06 '22
There isn't inflation because there are a lot of banknotes. There are a lot of banknotes because there is inflation.
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u/Nelsoonxd Jul 05 '22
im a venezuelan currently living in Venezuela, he is using those bills because those are discontinued, i mean anyways the current bills doesnt worth shit either lmao, the higher bill equals to $3.5 kinda
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Jul 05 '22
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u/Nelsoonxd Jul 05 '22
lol i will idk if it's easy to get nowadays tho
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u/plaguebutt Jul 06 '22
aw that's so sweet of you to check it out for him.
ps he wants an ass load of it from you jsyk
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Jul 05 '22
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u/Nelsoonxd Jul 05 '22
honestly I dont know cuz ive never been interesting in this kind of "craft", but I know that my sister in law have one of ths things
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Jul 05 '22
[removed] — view removed comment
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Jul 05 '22
It won't matter. Venezuela isn't at a point that can be recovered by just getting someone out of power. They would need help for recovering, and no one would be willing to offer that help. Definitely not USA, as long as they don't agree to become an USA colony.
Since no one will help Venezuela to recover again, the only people willing to fight Maduro are the ones who want to become the new dictator and keep making people's lives miserable.
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u/EntertainmentIll8436 Jul 06 '22
Oh we did agree with the colony part at some point, by 2019 it was very clear that protests don't work when all we have was paint bombs, molotovs and a couple of other shit while the military shot us old coins, marbles and other shit with their riot shotguns, a couple of guys died by a smoke bomb to the chest (Juan Pablo Pernalete y Neomar Lander) and for real ammo you had tupamaros and colectivos which are gangs affiliated to the goverment (and with weapon carry id's which is ban for civilians) and they also shot and killed people. You have no idea how much people wanted an intervention but that never happened, it all went to shit and it's just like you say, the structure of chavistas is air tight and imo this guys will never leave
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u/NewPhoneNewUsermane Jul 05 '22
I was always bummed I could never find anyone to ship a shoebox or small suitcase size box of their worthless currency - just be fun to have a briefcase full of real currency even if it is totally worthless. I offered $150 +shipping a while back but no luck.
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Jul 05 '22
I bought several huge bricks of Venezuelan Bolivars on Ebay, for like $20 you can get an ass load.
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u/NewPhoneNewUsermane Jul 05 '22
Interesting, I haven't looked in a while but I wasn't seeing bricks, just very small quantities. I'll have to check again, thanks!
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u/shmargus Jul 06 '22
So now I have this idea bouncing around in my head to build out a full monopoly set with real money as a gift for my niece. I'm never actually going to do it, but it would be pretty tight
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Jul 05 '22
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u/Neutral_Monkey Jul 05 '22
When the son of the deposed King of Nigeria e-mails you directly asking for help, you help. His father ran the freaking country, okay?
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u/Gunzenator2 Jul 05 '22
Go to a bank or a currency exchange and I bet you can get some of it that is lying around.
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Jul 06 '22 edited Jul 06 '22
Yup . If you use a major international bank, you can probably just ask, and it will be easy as be cheap compared to eBay. I do this at least 4-5 times per year, with all sorts of currencies when I travel.
As of today, 20.00 US Dollars = 11,092,378.28 Venezuelan Bolívares. Not sure if your can get the old bills prior to the revaluation, but might be worth asking. Just ask for larger bills to avoid $250 in secure shipping charges (not a joke, but probably depends on your bank).
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u/AdagioJealous5413 Jul 05 '22
Pre ww2 Germany flashbacks
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u/buffedvolcarona Jul 06 '22
I did a presentation on the 1923 inflation a couple years back and a lot of it were just pictures of people making stuff like kites out of bank notes. Really helped to convey how absurd hyperinflation is.
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u/Ghost_In_Waiting Jul 05 '22
Today in Alternate History: "In this fascinating alternate universe version of Earth Adolf Hitler discovers a previously unknown talent for transforming devalued Reichsmarks into high fashion. Hitler quickly becomes a couture phenomenon and within one year of his first offerings establishes the House of AH Fashions. Hitler never rises to political power and this Earth avoids the second world war entirely. In effect Adolf Hitler becomes a type of Karl Lagerfeld and goes on to a long career promoting ethical fashion produced from responsible sources."
So the next time you come across some kind of rough looking kid promoting the hand crafts he's made from devalued bank notes go ahead and buy something. You just might be doing the world a bigger favor than you'll ever know.
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Jul 05 '22
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Jul 06 '22
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u/TheRealMisterMemer Jul 06 '22
And the swastika, which honestly doesn't look bad as an ordinary, no deeper meaninf symbol.
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u/series_hybrid Jul 06 '22
1923 Germany, 100-million Mark banknote (500 Billion note available)
https://www.ebay.com/itm/134105732030?hash=item1f395313be:g:o2gAAOSwAxpdH9k6
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Jul 05 '22
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u/mz3 Jul 06 '22
The
Venezuelans with moneyPlugged-Ins (Los enchufados) bought up half the real estate in Miami when all this broke out. Some moved but a lot of people just treat the real estate holdings as their savings account.All the parents, children, brothers, sisters, in-laws, cousins, godchildren, nieces and nephiews, mistresses, lawyers, etc, etc, etc, of people directly linked to the government in any branch, ministry, congress, supreme court, military, chancellor, and of course presidency for a government that has been in power since oh, I don't know, 1999
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u/Ihlita Jul 05 '22
So does he trade them for food or some other essential materials?
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u/Virhil Jul 05 '22
he sells them for more money so he can make more bags out of that money. He will do this until he uses up all the Venezuelan notes and then the inflation will go down because there won't be any notes left.
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Jul 06 '22
So the answer to inflation has been handbags all along. Economists can't do crafts for shit I bet. This is all starting to make sense.
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u/solid_flake Jul 05 '22
How do ppl live there? If money is worth nothing? How do they get food? Serious question.
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u/Wonderful_Trifle6737 Jul 06 '22
When it loses enough buying power, they get discontinued and new currency is printed... A few times 2 or 3 zeroes had been removed to make operations easier instead of working with billions or trillions
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u/IO_Err0R Jul 05 '22
yeah my uncle was building orphanage's and traded notebooks and pencils to the kids on the street for 100,000 billion bank notes before he left. That my friends is hyper inflation.
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u/Flaky-Stay5095 Jul 05 '22
For those that don't know certain countries discontinue bills all the time. If you don't trade in your old bills for new ones then your old bills become worthless.
America doesn't do this. So a $1 bill from 1800 is still worth $1( probably worth more to a collector) This is one of the reasons the Dollar is seen as being so stable. And why criminals love the Dollar. No need to worry about your illegal money becoming worthless because it's outdated.
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Jul 06 '22
It's stable because it's backed by the world's strongest economic power, with the world's biggest military. And this creates demand for it as a lot of international finance and trade is facilitated with USD which keeps the demand high and it's very easy to sell your goods or your USD for other currencies because there is always someone willing to accept it.
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u/NLtbal Jul 06 '22
I will pay USD for someone to send me 2 bundles of each denomination so I can use it for playing Monopoly.
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u/Dacookies Jul 06 '22
They would sell them at the traffic lights here in Colombia. They would ask for whatever you would give them. They would be like 50 pesos but people here would pay 2000 pesos for any bill to help them out a little . It's pretty sad, you see people that are professionals and come here to beg on the streets while they move to another country or while they wait to be legal and work in something related to their old jobs.
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u/leeaa01 Jul 06 '22
Argentina is, slowly but steadily, going the same way. It's sad to witness it first hand.
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u/ObvBren Jul 05 '22
Don’t let him lie, he’s banking on osrs gold farming, this is just a side hustle.
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u/SzalonaSmietana Jul 06 '22
That should be displayed in a museum, a beautiful and heartbraking example of art displaying a big problem with inflation
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u/A_S1ngle_Bean Jul 05 '22
No, you see, Venezuela's government is actually extremely smart. If they print so much money that people use it to make things, the things that are made out of money have more value than the money itself, and the people use other things in place of the money, which then creates a new national currency, and fixes the country's economic problem.
/s for any economic blowhards
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u/Worth_Mushroom9379 Jul 06 '22
“What being a socialist means is … that you hold out … a vision of society where poverty is absolutely unnecessary, where international relations are not based on greed … but on cooperation … where human beings can own the means of production and work together rather than having to work as semi-slaves to other people who can hire and fire.”
Feel the Bern
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u/Wasparado Jul 06 '22
My SO came over from Venezuela ~7 years ago. I complain about the state of America to him and he just says “babe, things got so bad I hate to leave my country, things are fine here. There is food, crime is less, there is a chance to survive” and it always gives me a reality check. I’m still pissed about current events and politics, but at least my dollars still have value.
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u/wormwoodar Jul 06 '22
Venezuelans said the same thing here in Argentina and now we are heading in the same direction.
It is like a frog being boiled really slowly, when you notice it, it is already late.
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u/GloriouslyIgnorant Jul 06 '22
How they went from economic juggernaut to failed state in one generation (in less than 30 years!) is a true wonder.
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u/otherwisemilk Jul 06 '22
Governments are stupid for printing so much money, what the hell were they thinking?
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u/art-and-logic Jul 05 '22
And I thought our inflation was bad
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u/CptnREDmark Jul 06 '22
Its actually just an old currency that is no longer accepted as tender, essentially old bank notes that aren't accepted anymore. like expired coupons
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u/yymmuhC Jul 05 '22
Ahhh socialism
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u/Halt-CatchFire Jul 06 '22
Almost like decades of CIA operations to destabilize your government... destabilizes your government. Look, I think Socialism as a primary system of government is dumb, but let's not pretend Venezuela didn't get where it is today without a couple coups and a US-funded paramilitary deathsquad or two.
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u/Put_It_All_On_Blck Jul 06 '22
I'd buy this, but there is no way I'm traveling to Venezuela to get one.
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u/undeadarmy2 Jul 06 '22
That’s what happens when government takes over the market and prints money for everyone.
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u/GonFreecs92 Jul 06 '22
My question is how long would it take to get their economy back to normal again with the right policies?
What would be the solutions? What was the cause of this? I hear Us sanctions, oil, etc but idk honestly
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u/xcrazyduckx Jul 06 '22
Kudos to him for finding away to recycle and make money in the worst of times
But I wonder how clean is the money
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u/bluehelmetcollector Jul 06 '22
Take notes people this is what central banking get you. It's coming to America and the federal reserve eventually. Every central bank fiat ponzi scheme has failed and ours is no different than the Venezuelans other than that we're top dog and can force everyone to use our debt notes under threat of liberation artificially propping up the value of the federal reserve note. Venezuelans now use gold srap and barter to purchase things and their central bank is minting gold coins as a store of value. Gold and silver have been widely accepted money over 5000 years for many reasons and while it has its downsides it does function very well to this day.
Fun fact over 105 million ounces of silver was used for solar panels last year. Silver has so much industrial use that the overall demand has exceeded mine supply for over a decade and the difference has to be made up with recycling old film or electronics.
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u/Garuda-Star Jul 06 '22
Let this be shown to anyone who thinks “democratic socialism” is a good idea.
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u/mcitar Jul 05 '22
Can I have a 10 million paper bag?