Posted on 07/23/2018 6:01:45 PM PDT by EdnaMode
Economists say inflation in Venezuela could top an astounding 1 million percent by year's end as the country's historic crisis deepens. The International Monetary Fund predicted the decline Monday.
The once wealthy oil-producing nation of Venezuela is in the grips of a five-year crisis that leaves many of its people struggling to find food and medicine, while driving masses across the border for relief into neighboring Colombia and Brazil.
Shortages in electricity, domestic water and public transportation plague millions of Venezuelans, who also confront high crime, the IMF noted.
Socialist President Nicolas Maduro often blames Venezuela's poor economy on an economic war that he says is being waged by the U.S. and Europe.
IMF economist Alejandro Werner says that if the prediction holds, Venezuela's economy will contract by 50 percent over five years.
Werner says it would be among the world's deepest economic falls in six decades.
(Excerpt) Read more at cbsnews.com ...
I have blank pieces of paper that are more valuable than their bolivar.
Caption:
You da Man, Bro
No, You Da Man
No, You da man, Bro, admit it.
Aw, just gimme a big wet kiss on the lips and settle this man crush thing, dude.
CBS is slipping. Somehow they slipped the “Socialist” word into the article. Normally that is verboten.
Alexandria Ocasio-Cortez responds: “They aren’t doing it right! They need people with Economics degrees from Boston University. People like me!”
communism doesn’t work.
This is exactly what the socialist arm (RATs) of the UniParty want for us....
They need to be defeated on every single front.
Get McCain, Kasich, Ocasio, Sanders all together and set up a sort of American Government taxpayers paid GoFundMe and get some millions of dollars down there, fast.
Divide the money equally, then send more and divide that equally. This will show America how socialism works.
Ironically Venezuela is extremely rich in oil reserves.
What this means is Venezuelan currency is worthless and virtually all day-to-day transactions involve barter of one form or another.
Have they figured out how to blame it on “climate change” yet?
Just a few short years go I remember the people of Venezuela dancing in the streets after they voted for socialism.
Now they are dying in the streets because they voted for socialism.
Get McCain, Kasich, Ocasio, Sanders all together and set up a sort of American Government taxpayers paid GoFundMe and get some millions of ZEROs down there, fast. Venezuela is running out of zeros. Venezuela us threatening the world supply of zeros.
Classic socialist arc, though. If you happen to be a party member or a foreign diplomat, there are shops for you that are always stocked and restaurants that are always full. The New Class always takes care of its own.
Get in on the ground floor!
Once Zimbabwe hit 1 million % inflation (July 2008), it was only a few months before they topped out at 79.6 Billion % (Dec 2008) before switching out their currency.
Haha. Maybe algore will. :D
That sounds exactly like what she would say.
Need to send zeros....
Wasn’t Zero one of the nicknames for Barry Soeto Hussain Obama the Kenyan ex President of the US ?
Can we send him down? One way ticket.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.