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 ...
Now they are dying in the streets because they voted for socialism.
BUT...will they learn from it?
Communism just hasn’t been properly implemented yet.
Is that dog turds? haha
At this point, Venezuela should just go for the record. Does Guinness recognize this category?
That’s exactly what it looks like to me! Piles of socialism crapola.
According to Alexandria Ocasio-Cortez, 1 million percent inflation proves that socialism is growing Venezuela’s economy at exponential rates, 250,000 times faster than in the USA!
And with each socialist doing the work of 1/1,000,000 of a capitalist, there is no unemployment! Paradise achieved.
This is the glorious revolution idolized by our Kenyanesian Usurper and his minions that he has embedded in our government.
What bothers me about Venezualens voting the way they did, is that there must have been at least a small minority that did not vote that way, and imagining ‘self in that situation.
The scary thing is recognizing that if it happened here in the US, I could campaign and vote all I want against it, while ‘Rats make it so. All the more reason to step up the vigilance, because our politics likes to swing like a big pendulum.
...and the oscillations are growing and the period shrinking.
Socialism in action - soon coming to a Leftist sh*t hole near you.
If I were young again, I think I might go down there with a roll of US bills and find somebody with a big bag full of Venezuelan emeralds.
Pompeo says Ayatollah leading Iran has $95B hedge fund. If we had a real CIA I’d say have them steal it. After all Obama illegally (unbudgetted) gave him over $100B so Trump would just be recovering stolen US assets. Time the theft to fulfill his bolded tweet response to Iran. If we can’t do that, arrange to have the hedge fund denoted in Venezuelan Bolivars. It would make a memorable economic lesson for the left.
Beats my 10 million Mark note form the twenties.
So how to we pay everyone on the left who wants to destroy American in Venezuelan currency to teach them a hard lesson?
Chilling.
There is an old story about the German farmer who went to the market with a wheel barrow full of cash. Thieves mugged him. They dumped the cash and stole the wheel barrow.
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