Wednesday, July 11, 2018

In Venezuela a single can of tuna is worth 250.000 gallons of gasoline

No, that wasn’t a typo. That's exactly what I said.

In Venezuela, a can of tuna is worth 1.000.000 liters of gasoline.

1 tuna can = 6.400.000 bolivares =  1,87 USD = 1.066.667 liters of 95 octane gas.
Yet the minimum monthly wage is 5.196.000 bolivares, ... not enough for a can of tuna.
The insanity of Maduro means that in Venezuela,  gasoline is pretty much free, certainly far more expensive than water. But on the other hand everything else costs a fortune.

And its not just food. As I posted before, people in Venezuela called Garimpeiros dive into the sewers looking for the smallest bit of precious metal lost down the drain, maybe a bit of silver or even gold. The smallest piece of precious metal is worth a fortune to them.
Think about that next time you stock up an extra case of tuna, box of ammo or a few bucks worth of silver.

 Fernando “FerFAL” Aguirre is the author of “The Modern Survival Manual: Surviving the Economic Collapse” and “Bugging Out and Relocating: When Staying is not an Option”

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