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Venezuela: Failed Socialist State Pulls $100 Bill, Looting Erupts

Venezuela: Failed Socialist State Pulls $100 Bill, Looting Erupts

Maduro ignored warnings that he risked “sparking chaos”

Venezuela’s socialist nightmare continues as Maduro ignores warnings and pulls the $100 bolivar bill, making it completely worthless.

Needless to say, the already-starving Venezuelan people were not happy, and protests and looting broke out across the country as news reached the people—at least those with $100 bills—that their money had no value.

Reuters reports:

Protests and looting broke out in parts of Venezuela on Friday due to a lack of cash after the socialist government suddenly pulled the nation’s largest banknote from circulation in the midst of a brutal economic crisis.

Waving the now-worthless 100-bolivar bills, pockets of demonstrators blocked roads, demanded that stores accept the cash and cursed President Nicolas Maduro, witnesses said.

Shops were looted in various places.

Last weekend, Maduro gave Venezuelans three days to ditch the 100-bolivar bills, arguing that the measure was needed to combat mafias on the Colombia border despite warnings from some economists that it risked sparking chaos.

That’s right, Maduro, ignoring the dire plight he’s created for his people, is apparently focused on locking up toy manufacturers and stealing their toys and on mysterious mafias lurking on the border.

This is standard socialist fare, however, with the goal being to create a common enemy.  Maduro, however, cannot seem to land on one that will unite the Venezuelan people behind him and his hideously failed policies.


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