Please help make FR's voice louder.
Truth, Justice, and the American Way.
Posted on 01/29/2016 5:48:57 PM PST by NRx
The only question now is whether Venezuela's government or economy will completely collapse first.
The key word there is "completely." Both are well into their death throes. Indeed, Venezuela's ruling party just lost congressional elections that gave the opposition a veto-proof majority, and it's hard to see that getting any better for them any time soon — or ever. Incumbents, after all, don't tend to do too well when, according to the International Monetary Fund, their economy shrinks 10 percent one year, an additional 6 percent the next, and inflation explodes to 720 percent. It's no wonder, then, that markets expect Venezuela to default on its debt in the very near future. The country is basically bankrupt.
That's not an easy thing to do when you have the largest oil reserves in the world, but Venezuela has managed it. How? Well, a combination of bad luck and worse policies. The first step was when Hugo Chávez's socialist government started spending more money on the poor, with everything from two-cent gasoline to free housing. Now, there's nothing wrong with that — in fact, it's a good idea in general — but only as long as you actually, well, have the money to spend. And by 2005 or so, Venezuela didn't.
(Excerpt) Read more at washingtonpost.com ...
Truth, Justice, and the American Way.
“Here’s your sign” bump for later reference.
Just raise taxes on the rich and nationalize more industries.........
The Bern =)
Bernie, Socialism? He’s a Communist!
Venezuela = Cuba with oil.
No surprise here-The inevitable end result of Socialism.
The first wave of Cuban refugees from communism brought us a lot of productive members of society. Cuban refugees weren't a problem until Fidel emptied his prisons and Jimmy Carter took the bait.
So we might actually be able to skim the cream. Although with Barry and JFK in charge, there is a lot that could go wrong.
So it's good until you run out of other people's money? Fascio-Socialists are idiots. And that universally applies regardless of whether you are running Venezuela into the ground or writing for the Washington Post.
Seems as though the Tribulation period and the Great Tribulation may not be too far off.
All the talk of dividing Israel for ‘peace and security’, the fact that the MoTB could be done rather easily and we can see Ezekiel 38 looming large on the horizon for sure.
Just wow. But, it was prophesied by the Lord and His prophets. So we know it will come to pass exactly as written.
I was in Orlando in Oct.’13. It seemed very, ethnic.
The cream is already here, it’s called out of work Americans. I understand your point, and I wish we could help and take in everyone who is trying to flee oppression and would love the chance to come and live and WORK in America. But we just can’t. Charity starts at home.
They'll just say that the US and the CIA sabotaged the Venezuelan economy.
Being a Communist means never admitting that you're wrong.
Don’t forget Danny Glover .
it’s down there ....... why should they give a damn
Ever since I saw that photo (of wretched, starving people being electronically scanned in order to purchase meager food supplies) some months ago, I am convinced we are very close to the end. The mark of the beast has never loomed more likely and more possible than it does right now. Never before in human history have we been on this threshold.
The cream is already here, it’s called out of work Americans. I understand your point, and I wish we could help and take in everyone who is trying to flee oppression and would love the chance to come and live and WORK in America. But we just can’t. Charity starts at home.
or it’s wealth and it is in Miami banks and brokerage houses
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