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'World of Warcraft' Game Currency Now Worth More Than Venezuelan Money (theblaze.com)
schwit1 quotes TheBlaze:
Digital gold from Blizzard's massive multiplayer online game "World of Warcraft" is worth more than actual Venezuelan currency, the bolivar, according to new data. Venezuelan resident and Twitter user @KalebPrime first made the discovery July 14 and tweeted at the time that on the Venezuela's black market -- now the most-used method of currency exchange within Venezuela according to NPR -- you can get $1 for 8493.97 bolivars. Meanwhile, a "WoW" token, which can be bought for $20 from the in-game auction house, is worth 8385 gold per dollar. According to sites that track the value of both currencies, KalebPrime's math is outdated, and WoW gold is now worth even more than the bolivar.
That tweet has since gone viral, prompting @KalebPrime to joke that "At this rate when I publish my novel the quotes will read 'FROM THE GUY THAT MADE THE WOW GOLD > VENEZUELAN BOLIVAR TWEET.'"
That tweet has since gone viral, prompting @KalebPrime to joke that "At this rate when I publish my novel the quotes will read 'FROM THE GUY THAT MADE THE WOW GOLD > VENEZUELAN BOLIVAR TWEET.'"
Love the left feel the bern! And if you disagree you'll get beat up today... imprisoned and killed tomorrow. For the people!
Really? I know the old saying that even a broken clock is right twice a day. But you couldn't come up with a more legit source than glen beck's propaganda rag?
Try:
http://fortune.com/2017/08/01/...
Imagine all the people...
Widespread desperation and misery in the country with the richest oil reserves in Latin America. Everyone is poor (except the leaders) and it's all the fault of the CIA (or whoever it's convenient to blame this time). And yet, no matter how many times it brings disaster, some people keep believing stories about how spending others' money instead of earning their own will work out good for them.
Blame capitalism and corporations all you want. The reality, however, is that there's an extraordinarily high correlation between leftism and failed economies. We shouldn't be surprised by this. Leftism is inherently incompatible with the efficient allocation of resources. When resources are inefficiently allocated then we see a partial or total collapse of the economy in question. This isn't even something that can be fixed. The leftist ideology of taking from the capable and giving to the inept will always lead to disaster. Sometimes it's a quick economic disaster. Sometimes it's a long, drawn out economic disaster. But whatever the timeline, the end result when leftism is involved is economic disaster.
We can add Venezuela to the list of many other failed leftist economies, including that of the USSR, those of the former Eastern Bloc, those of most other South and Central American countries, Greece, Spain, and now even countries like Italy and France. Once the economies of Italy and France eventually fail, the economies of Germany and Sweden likely won't be far behind.
The individual UNITS are worth more. But the units are arbitrary and a comparison between units has nothing to do with the value of the currency itself. You can say a single WoW gold is worth more than a Peso, or a cent, or a Rupee, or a Yuan, or whatever you want. It means nothing.
How a basically rich country can be driven utterly into the ground by massive mismanagement. Leads me to believe that it all comes down to the people and who they put in charge. As long as people do not start to wise up, we will continue have catastrophes like that. Not that what is going on in the US, the UK or the eastern parts of the EU is any better: Stupid people that believe stupid promises by utterly evil politicians.
Most ACs are not even worth the keystrokes to insult them. Be generically insulted by this and ignored otherwise.
I didn't say the administration was a good one. But if you think the CIA hasn't played a very active role in this situation (as it has in MANY, MANY other coups and economic crashes in the region), you're being very naive. Regardless of the competence or incompetence of the regime, they can make it almost impossible for a socialist/communist government to survive. Cuba is one of the very rare exceptions, and they were only able to do it because they were so stringently isolated and resilient.
It's a leftover Cold War mentality, but the ultimate goal is still to serve the interests of the U.S. dollar and U.S. corporations.
SJW: Someone who has run out of real oppression, and has to fake it.
Leftism is the idea that government can be used to solve practically any problem. Are there people who are hungry and can't get food? Create a government food stamp program. Are there people who can't afford housing? Create a government Housing and Urban Development department to build a government housing project. The list goes on and on, from electricity, phones, communications, medical care, schools, jobs, transportation, and almost anything else of which you can think. Most always, Leftism does not involve any free market solution. Instead, the preferred method is to tax those who are working, and then redistribute it to Leftists' constituents, thus weakening any opposition to the left, and creating a voting base dependent on politicians for.... everything!
Neither Sweden, nor Germany became prosperous prior to instituting a Leftist agenda. As a reminder, East Germany collapsed, while capitalist West Germany was the prosperous nation.
Almost all Leftists are Klepotocrats. Very few have ideas other than "tax and spend". Of the few which are not, most of them focus instead on regulation because they realize that they have reached the upper limits of taxation without collapsing their economies. However, at its core is still the idea of a government solution, for which high taxes are a prerequisite.
Germany? "leftist"?
By European standards, Germany is economically conservative. But compared to America, Germany is "leftist". Like most people, Americans use themselves as the reference point. Plenty of Americans believe their own government to be leftist.
An example of "leftism" you forgot to list would be taxing the citizens to bail out failed investments by corporations. Oh wait!
Wonder who is the "kleptocrat".
Leftism is the idea that government can be used to solve practically any problem.
That's not correct, but let's go with this for now. By extension then, "rightism" would be the idea that the free market can be used to solve practically any problem. Let's see how this solves the problems you posted:
Are there people who are hungry and can't get food?
They have to offer something to the free market; otherwise they can't buy food for themselves or their children. If they can't offer something (maybe they're sick, too young, lack skills, or maybe the market isn't in a great state) they starve and the problem solves itself - no more hungry people!
Are there people who can't afford housing?
The free market solves this problem easily: homeless people can either die or, as an alternative be jailed in for-profit prisons for loitering, sleeping under bridges, and so on. Either solution solves the homeless problem in a nice market-driven way.
Do you really think the free-market solutions to your problems are better?
Almost all Leftists are Klepotocrats.
That's... rather silly. You may as well say almost all rightists are oligarchists, and they long to be led by a handful of billionaires - who are obviously their betters, or else they wouldn't be billionaires, now would they?