Posted on 11/07/2013 3:17:13 PM PST by Olog-hai
Inflation in Venezuela has surged above 50 percent as a plunge in the value of the currency deters investment and makes basic goods harder to find.
President Nicolás Maduro vowed on Wednesday to intensify efforts to stamp out currency speculators and hoarders he accuses of waging economic war against the government.
(Excerpt) Read more at hosted.ap.org ...
Marxists are ridiculously stupid.
Really, its embarrassing to watch.
America is destined for the same headline. The Federal Reserve will see to it.
“America is destined for the same headline. The Federal Reserve will see to it.”
oh c’mon.....Bernanke and yellin have our best interests at heart.
It cannot be!
Certainly not in a worker's paradise!
Not in a place that the POTUS wants us to fundamentally morph into.
Could the Progressives, Democrats, Dingy Harry, Bathouse Pelosi, and even Obama be wrong?!?!?
*rubs eyes in mock disbelief*
Yep. Just like Obama.
Central planning.
It takes care of people.
Or should it be,
Central planning.
It does things to people.
This is what happens when government policies hurt production.
For the past few years the Fed has been keeping rates artificially low by buying massive amounts of government debt. They did the same thing from the 1950’s to the early 1970’s. Eventually they run out of ink.
Not a record but a nice try there hombres. I think Zimbabwe still holds the top spot. If Bernake keeps it rolling though we’ll be close behind very soon.
Of course it's never the ridiculous nonsensical marxist economic policies that are imposed upon the people that are to blame! Just like the Democrat Party in America does -- defend the ideology at all costs. It's never to be blamed. It's always the greedy evil Capitalists fault.
Maduro isn’t smart enough to be called a socialist.
He drove a bus for a living before he ended up being muscle for Chavez.
He’s just a dim witted thug, looking to beat stuff out of anyone who’s got stuff.
“Good news and bad news, Comrades. The good news is that the toilet paper shortage is over. The bad news is that it now costs more than your car.”
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