Venezuelans fret over prices after devaluation

www.reuters.com ^ | Fri Dec 31, 2010 7:42am EST | By Daniel Wallis and Deisy Buitrago

[Mayr Fortuna]

CARACAS, Dec 31 (Reuters) - Venezuelans worried on Friday that a second devaluation of their currency in 12 months would make life even harder as the socialist government of President Hugo Chavez struggled to turn the economy around.

Already suffering one of the world's highest inflation rates and the only major Latin American economy still in recession after the global financial crisis, they fear the New Year devaluation could hit their livelihoods more.

"It is a blow against the pockets of the workers, against the poorest people," said Robinson Calua, a 50-year-old security guard in downtown Caracas.

[Monterrosa-24]

“...I am in the center of the thing. Waiting for the day they will come for me...”

May God give you strength.

[sargon]

Eventually Chavez will reap the harvest he has sown, and as his Marxist policies fester and fail, he will be exposed for the routine egomaniacal Tyrant that he is, and the usual Third World consequences will follow as he is deposed (and/or disposed of) by the very people who once idolized him and his precious socialist revolution.

And, of course, at the end of this cycle, the people will be much worse off than they ever were, just like in present day Cuba...