Your Currency Has Just Been Devalued By Half What Do You Do?

Here the scenario, hours ago your President announced that the currency will be devalued by half. Soon everything in the country will be double the price of what it was today.

What do you do? What do you buy? Where do you go?

This actually just happened in Venezuela. Peoples response was not what you might expect. Thousands of people ran to the Spanish version of Best Buy, “Mejor Compra” to buy up all the TV sets and other imported electronics they could get their hands on….

Shouting “Buy, Buy, The World Is Going To Die!” Venezuelans went on a frantic shopping spree on Saturday following a sharp currency devaluation that is expected to drive up prices.

Shoppers crammed into electronics stores, eager to snap up imported televisions and computers ahead of the anticipated price hikes.

“I’ve been lining up for two hours outside to buy a television and two speakers because by Monday everything is bound to be double the current price,” said Miguel Gonzalez

Watching TV while my country goes to hell is not exactly what I had in mind, but if you didn’t know any better, then you might be prone to make the same mistakes.

It’s true that all imported good are about to get a whole lot more expensive. So buying ANYTHING at all will be better than waiting for your savings to be cut in half by the devaluation. However before you buy that new TV set you had your eye on, there are probably quite a few more things

I mean wouldn’t you rather be buying guns, bullets, socks, underwear, generator, food, or water??

You could make a run to the local coin or jewelry store and buy up all the gold and silver coins too…..

Nah, screw it lets get that new LCD Screen TV we wanted before the price goes up, make sure you throw in the Blu-ray player and HDMI cables.