Posted on 10/21/2006 8:14:51 PM PDT by Kitten Festival
According to Fedeindustrias and other business panels, Venezuela’s inflation is expected to soar to 19% by the year’s end, 7% higher than the central bank anticipated. Inflation climbed to 15.3% in Sept., the highest and fastest in Latin America.
Central bank President, Gaston Parra, blames the inflation on the government’s sharp increase in spending. “Until now, we have adopted the prudent, necessary measures to combat inflation,” says Parra.
Enrique Alvarez, an economist with IDEAGlobal, says “The message is clear: there's little policy coordination between the government and the central bank and that's where the failure to control inflation lies.”
(Excerpt) Read more at shortnews.com ...
anyone read the 2mb pdf file titled "How to destory a country" for Zimbawae. Very similar parrallels
Yeah, I hear North Korea is a great place to raise the kids, too!
"¡Somos numero uno! ¡Somos numero uno!"
Hugo spending on himself and buying votes...sounds like a democrap.
Sorry but I must be juvenile for a moment :
'Venezuela Has Biggest and Fatest Dictator in Latin America'
The Government does spend like mad...
What do you think they're doing with all that oil revenue? Banking it??!
L
May the curses of Pig-Faced Hugo thwart and frustrate his evil ways until he is thrown out of office. The slop of the hog pen is too good for this cretin. Venezuela deserves better than this ugly thug Hugo swine.
He belongs on the top bunk over Noriega in a Georgia jail!
Well, that makes him smarter than our central bankers. Bernanke and all the other Greenspan clones think inflation is caused by economic growth, low unemployment and other good things.
The government there is extremely dependent upon oil prices staying this high. Countries, like people, expand their spending to fit their income. Revenues go down and the crap hits the fan. A serious decline in oil prices would cause serious problems for them.
Yeah, I think Elton John said North Korea was OK but Mars wasn't the kind of place to raise your kids....in fact it's cold as hell.
He needs to be as stupid as Noriega and declare war on us.
I remember him mouthing off about how he was going to distribute a million or so AK-47's to his people to ward off some paranoid delusion of a US invasion.
Tell me where to send a check, Hugo. I'll help pay for it.
That reminds me. I've been meaning to photoshop Sheehan watching porn on her computer.
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