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Venezuela inflation quickens to 248.6 percent in year to July: opposition
Reuters ^ | August 9, 2017 | by Corina Pons

Posted on 08/09/2017 11:12:21 AM PDT by Oldeconomybuyer

Inflation in Venezuela's crisis-hit economy quickened to 248.6 percent in the first seven months of the year, the opposition-led congress said on Wednesday in the absence of official data.

Various factors underlay the seven-month price rise, including a lack of U.S. dollars in the country, a sharp weakening of the bolivar currency, and political uncertainty, opposition lawmaker Angel Alvarado said.

The government says it is victim of an "economic war" led by opposition-linked businessmen.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: failure; socialism; venezuela
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A socialist paradise.
1 posted on 08/09/2017 11:12:21 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

Wait’ll it’s 250% a WEEK.


2 posted on 08/09/2017 11:14:26 AM PDT by robroys woman
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To: Oldeconomybuyer

Trump/USA’s fault according to Mr. Dictator there.


3 posted on 08/09/2017 11:14:26 AM PDT by SkyDancer (You know they invented wheelbarrows to teach FAA inspectors to walk on their hind legs.)
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To: Oldeconomybuyer

Gosh, Miguel Cabrera might be able to afford a hamburger over there.


4 posted on 08/09/2017 11:16:21 AM PDT by Pilgrim's Progress (http://www.baptistbiblebelievers.com/BYTOPICS/tabid/335/Default.aspx D)
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To: Oldeconomybuyer

Paradise. Very much. This is about as good as it gets in socialism.


5 posted on 08/09/2017 11:16:45 AM PDT by Brilliant
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To: SkyDancer
American (ex) presidents can have an effect, however.

It was in 2012 that Mister Jimmy Carter made the statement "Election Process in Venezuela is the Best in the World"

6 posted on 08/09/2017 11:19:17 AM PDT by Seaplaner (Never give in. Never give in. Never...except for convictions of honour and good sense. W. Churchill)
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To: Oldeconomybuyer

>>Inflation in Venezuela’s crisis-hit economy quickened to 248.6 percent in the first seven months of the year,

Most inflation rates are quoted on an annual basis, not 7 months.

So the annual rate for comparisons would be something like 426.2%.


7 posted on 08/09/2017 11:31:06 AM PDT by vikingd00d (chown -R us ~u/base)
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To: Oldeconomybuyer

The cats in Caracas are the fastest in the world.

They have to be.

The slow cats become supper.

Venezuela....they voted for starvation.....twice.


8 posted on 08/09/2017 11:43:35 AM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: Oldeconomybuyer

Feel the Bern.


9 posted on 08/09/2017 11:43:56 AM PDT by dfwgator
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To: Oldeconomybuyer

The good news is that a hamburger costs only 150% of what it did last year. The bad news is that there aren’t any hamburgers.


10 posted on 08/09/2017 11:50:47 AM PDT by Billthedrill
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To: Brilliant
BEARS REPEATING:
American (ex) presidents can have an effect, however.

It was in 2012 that Mister Jimmy Carter made the statement "Election Process in Venezuela is the Best in the World"


The Real Jimmy Carter


Click The Pic

11 posted on 08/09/2017 12:04:33 PM PDT by Fiddlstix (Warning! This Is A Subliminal Tagline! Read it at your own risk!(Presented by TagLines R US))
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To: SkyDancer

Shouldn’t they just hire Obama?

He can fix anything. He’s awesome.

And he’s soooo smart. Just ask Nancy Pelosi.

Michelle can wear all the latest fashions.

I think a thrill just ran up the leg of Chris Matthews.


12 posted on 08/09/2017 12:29:48 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ....)
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To: Fiddlstix

[ It was in 2012 that Mister Jimmy Carter made the statement “Election Process in Venezuela is the Best in the World” ]

I’m sure Jimmy likes how Hamas and the PLO run “elections” in The West Bank and Gaza.


13 posted on 08/09/2017 12:31:13 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ....)
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To: SaveFerris

They’ll pay him in toilet paper.


14 posted on 08/09/2017 1:04:21 PM PDT by SkyDancer (You know they invented wheelbarrows to teach FAA inspectors to walk on their hind legs.)
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To: Oldeconomybuyer

Soylent green is very healthy food for patriotic citizens.

The main ingredient is non-patriotic citizens.

:-(


15 posted on 08/09/2017 1:07:24 PM PDT by cgbg (Hidden behind the social justice warrior mask is corruption and sexual deviance.)
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To: Oldeconomybuyer

What happened? Obama pay a short visit down there?


16 posted on 08/09/2017 1:13:39 PM PDT by MadMax, the Grinning Reaper
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To: SkyDancer

He would probably prefer Choom - and if Larry was right, cocaine.


17 posted on 08/09/2017 1:15:46 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ....)
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To: Oldeconomybuyer

Unattended Dogs and Cats are disappearing quick. Starvation is on the way. When will Venezuela’s military take this clown and everyone close to him out?


18 posted on 08/09/2017 1:16:29 PM PDT by LeonardFMason (426)
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To: SaveFerris

He’d be double wasted.


19 posted on 08/09/2017 1:56:59 PM PDT by SkyDancer (You know they invented wheelbarrows to teach FAA inspectors to walk on their hind legs.)
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To: SkyDancer

So, he’d make about as much sense as he always did.


20 posted on 08/09/2017 2:00:21 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ....)
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