Hi, I live in Venezuela and I see this era as a witness and actor. I have read this posts and I am happy to see countrymans clear in the situation we live, and I am happier to see people from around the world learning about this crazy history story. The financial situation here is bad for many (people earning in BSF - bolivares fuertes) buecause the inflation(I calle it devaluation better) is huge. an example 12 months ago the exchange rate Bsf/us$ was 1600:1 today nov 7, 2017 is 48400:1 , in the same period the minimun wage was around Bsf 27.000 today Bsf 450.000. Just calculate bsf7us4 increase vs minimun wage increase. And it a ¨good¨ situation for a few, those who understand the magic formula is earn in us$ and expend in Bsf, How? In my particular case crytocurrencies, freelance online jobs and steemit are a good option, and they work for me and my family.
The products available here in Bsf are far too expensive for many, 1 kg of meat is between Bsf 60k and 120k (minimun wage is bsf 450k)...but if you exchange the value in us$ is really cheap... 1kg of meat is around us$1,2 .
Anyway this was only to show my vission about Venezuelan prices...but the solution? I think the solution is as complex as the problem, curruption at all leves, no punishment, no production, external debt enormous (some say minimun us$150 billion,some say it could be twice that)...
My prediction? this country is going straight yo the abbyss, it is going to be a hard road but it is the only way to get out of this, and I not talking about election or politics, I am talking about economics, debts and starving people....I love this country and I am sure we will stand up stronger but not now, we are still learning in the hard way. Thank you for reading and support us here, every dime counts for us here, belive me. God bless us all