Even if you aren’t a gamer there’s no doubt you’ve heard of the World of Warcraft. It’s a very popular MMORPG (massively multiplayer online role-playing game) that has been around for 15+ years, where you pick a side and fight it out in an eternal struggle.
Now, that game’s entirely “bogus” money for buying goods your “toon” is literally worth more the real-world money of Venezuela.
You might recall, Bernie Sanders once called Venezuela a “model” for the American dream: “These days, the American dream is more apt to be realized in South America, in places such as Ecuador, Venezuela and Argentina, where incomes are actually more equal today than they are in the land of Horatio Alger.”
So much for that…
It happened again, WoW gold is worth more than the Venezuelan Bolivar.
Black Market: Bs.F 8493.97 per USD
WoW Token: ~8385g per USD. pic.twitter.com/Il7TVqYNsH
— Kaleb (@KalebPrime) July 14, 2017
The above math is a little dated, but close. In fact, the Bolivar (their currency) has only decreased in value since posting this.
From The Blaze:
According to the site dolartoday.com, which actively tracks the worth of the bolivar on the black market, the bolivar has dropped to 11,185.95 per dollar since KalebPrime posted.
Meanwhile, according to mmobux.com, which tracks the value of WoW’s in-game currency for sales outside of the game, the lowest sale of 10,000 gold in a real-life exchange will get you $1.21.
The Venezuelan bolivar has continued to see a massive decline in worth over the past few months, becoming essentially worthless. In May, it was reported that inflation within the country was suspected to surge 720 percent by the end of 2017 and a staggering 2,068 percent the following year.
The Venezuelan economy has suffered greatly under President Nicolas Maduro’s socialist regime. The drop in oil prices, combined with the Venezuelan government’s mismanagement of the economy has resulted in a shortage of everything from food to everyday items. The problem is so severe that a February report showed that 75 percent of Venezuelans were losing dangerous amounts of weight.