Business insider: Venezuela’s cash supply has fallen below $1 billion as the country faces sanctions from governments around the world, limiting its ability to access funds and sell off the tons of gold it has in storage.
The South American country now has less than $800 million in cash and $200 million in other liquid assets, people familiar with the Venezuelan central bank’s finances told Bloomberg.
The drop means Venezuela’s cash balance has dropped below the net worth of many billionaire entrepreneurs, including Jay-Z, who is worth more than $1 billion, according to Forbes.
Joining the list of people worth more than Venezuela’s supply of cash are Kylie Jenner, who Forbes ranked as the world’s youngest self-made billionaire, and ultra-wealthy founders like Jeff Bezos of Amazon and Bill Gates of Microsoft.
Isn’t Socialism grand? I bet the Bus Driver got plenty stashed in his off-shore accounts though.
People like Bernie Sanders just want to get in on the business end of the going out of business sale if he can just get a chance in the drivers seat to drive the largest plum on the planet down the drain!!
But their stock market has gone to the moon.
That’s what happens when you have central bankers that are insane.
Keep that in mind, Americans.
They’re a lot better off than the US since our government seem to have a negative $1 trillion or more every year.
Perhaps Danny Glover and Sean Penn could do a concert to raise money for them. They can call it The Concert For Shitholizuela, 3 days of peace, love & donations. Garbage trucks on site as food vendors.
Lots of beach front property.
Might be close time to buy the place.
Someone like T. Boone Pickens needs to buy Venezuela, fix it, diversify, and sell off the non-essential parts.
I thought socialism was for the people and against concentrated wealth. How is it a single entity can have that much cash? Everyone and everything is supposed to be piss poor — distribute that $billion immediately!!
Jay Z and his bride loooove to inject themselves into complicated issues as relates to oppressed peoples.
How about JayBe check under their sofa cushions and pony up for the oppressed in Venezuela? Or are Venezuelans not dark enough? Not even worthy of a Kaepernick bended knee?
I’m surprised the Cubans haven’t invaded and completed their conquest. The only thing keeping the Socialist in power are all the Cuban “advisors” there providing muscle to the regime.
@DavidLBohn:
Then you need to talk to the government in Venezuela, they could really use a break.
Burning some of that money to reenact the scene of When Loretta Met Billy On A Tarmac.
http://elpais.com/elpais/2020/01/24/inenglish/1579861959_005340.html
This web suck
I honestly and sincerely have zero sympathy for anyone, and I mean anyone, in Venezuela who supported the socialist/communist takeover of the country.
Trump should let it slip the USA is going to BUY Venezuela. Watch the ensuing media melt down.
Whom ever buys it could be the first Fixer Upper Trillionaire.
AaaaaaaaaaWwwwwwwwwww
Poor Venny-Zwaya
Another commie country down the drain
And this is what the current
smellocrat field wants for the
USA !?
Are venezuelens this wimpy? Rise up! Look to hong kong!
Jay Z also has more Guns and ammo than the Venezuelan people too!
I bet they would like another revolution to revolt against the last revolution.