"CHRISTMAS IS DEAD" HYPERINFLATED VENEZULANS FACE HOLIDAY WITHOUT LIGHTS, FOOD, & HOPE

"Christmas Is Dead" Hyperinflated Venezuelans Face Holiday Without Lights, Food, & Hope

Submitted by Tyler Durden on 12/26/2015 13:45 -0500

   fixed Hyperinflation


In 2013, Maduro’s first year in office, the government released a Christmas carol praising the Socialist utopia's dictator. Last year, Maduro debuted a “socialist Barbie” that almost bankrupted stores forced to sell it after the government forced the price down to a tenth of its value. And this year, as AFP reports, "Christmas is dead, there is not enough money," according to one resident, noting there is no Christmas decor anywhere and people do not have enough money to buy presents. Some cannot even afford the basic goods needed to put together a traditional feast of roast pork and assorted sides.

The government’s take on Christmas celebrations has been significantly more muted this year than in 2014. As Breitbart reports,

   Last year, Maduro debuted a “socialist Barbie” that almost bankrupted stores forced to sell it after the government forced the price down to a tenth of its value.

   

   Barbie was the latest in a series of goods – eggs, milk, flour, vegetable oil – to suffer a similar fate. Fixed price controls forced the government to issue ration cards for basic goods in 2014. That year, Maduro also used his time on television to condemn the anti-socialist opposition for being “grinches” trying to “steal Christmas” from the people by condemning said price controls and demanding an end to the violent oppression of dissidents.

   

   Bloomberg Sponsored Content

   In 2013, Maduro’s first year in office, the government released a Christmas carol praising Maduro titled “Knock Knock– Who Is It? People Of Peace, Lower Those Prices, Nicolás Is Here.”

Maduro has been significantly less prominent in holiday celebrations this year following the overwhelming defeat of the Venezuelan United Socialist Party (PSUV) in the December 6 legislative elections.

   “This year, Christmas is dead, there is not enough money,” Elise Belisario, a resident of the Caracas suburb Petare, tells Agence France-Presse (AFP). She notes there is no Christmas decor anywhere and people do not have enough money to buy presents. Some cannot even afford the basic goods needed to put together a traditional feast of roast pork and assorted sides.

   

   The website El Colombiano estimates that a full Christmas dinner costs between 2,000 and 3,000 bolívares, which is the equivalent of about one third of a monthly minimum wage. Individual basic food items can rack that price up significantly if especially scarce in any particularly neighborhood. For example, a woman selling eggs on the black market in Caracas tells AFP a box of 30 eggs costs 1,300 bolívars alone.

   

   It is difficult to estimate how much these prices would translate to in dollars because the government insists on setting the value of its currency at a fixed rate most believe is intended to mask the nation’s hyperinflation problem, and is significantly higher than the real value of the bolívar on the black market. The Venezuelan website Dolar Today, which tracks the price of the bolívar on the black market, claims one American dollar is worth 841 bolívars today. This would make Venezuela’s minimum wage about $11 a month.

   

   In addition to food items, non-necessary goods have seen a massive spike in prices. El Colombiano estimates the price of a Christmas tree to be up to 33,000 bolívars. A toy doll costs around 15,000 bolívars. “You either eat or you dress your children,” Lucía González, a vendor in Caracas, tells the publication.

*  *  *

Socialist utopia... where everyone is equal