My Actifit Report Card: June 4 2023 - Joe Blogs, Venezuela 436% Inflation
I watch Joe Blogs' YouTube videos for News reports. Today he talks about the super high inflation in Venezuela. Joe says that although Venezuela has the most oil reserves in the world, they still have economic problems due to mismanagement and corruption. They nationalised the oil companies and now no countries other than Russia want to trade with them.
I know we have many Hive members in Venezuela and I think their ability to earn and hold Hive and HBD can be a nice hedge against inflation. I wish all the best for my Venezuelan friends!
MY ACTIVITY
was some food shopping and then a nice long walk under a nice full moon. The temperature was cool, in the mid 60s Fahrenheit. No swimming for me today. The temperature is supposed to rise so hopefully I'll get to swim and play water volleyball soon.
Have a nice Monday!
❤👍❤👍❤👍❤
This report was published via Actifit app (Android | iOS). Check out the original version here on actifit.io
Ohhh that's a bad news. If a country has such a high inflation rate, its peoples have to suffers alot.
Government should pay attention towards it and making steps to over come the inflation rate. That's really sad to know.
I know that inflation is high in Venezuela but never had the idea of the percentage and 436% is crazy.. The government must do something to improve the situation.
Hope you are doing good @kenny-crane
This is really insane the government need to put a change to that because such high inflation will really affect the people and the economy.
That's too sad. The sufferings of Venezuelans comtinues.
Having a great day my dear friend
That's really bad for the people living in Venezuela.
According to experts, Venezuela's economy began to experience hyperinflation during the first year of Nicolás Maduro's presidency. Potential causes of the hyperinflation include heavy money-printing and deficit spending.
good video, thank you so much for sharing the report, have a nice day and a great week
It feels good to swim and am pretty sure you will have a nice time doing so.
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Atleast this is the time we should make the people of Venezuela to come and join the hive network for the financial stability.
We used to think that this happened only in Pakistan, but as you are saying, things have become more expensive and people's lives have become more difficult, as is happening here in Pakistan.
😮😓whoa! and i thought inflation in hawaii was bad.. FIGHTING venezuela!
The percentage is sky high. However, there are other countries that are heading at the same direction.
When unskilled and corrupt people get into the thrones, we can't expect anything better 😥
Good activities.
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Venezuelans has gone through a lot. I wish situation improves for them.
https://twitter.com/LovingGirlHive/status/1665988652265259010