Venezuela’s inflation is set to top 1,600% next year

Marketwatch ^ | July 18, 2016 | Ian Talley

[C19fan]

While most advanced economies struggle to lift inflation, none would want Venezuela‘s situation: Consumer-price inflation is forecast to hit 480% this year and top 1,640% in 2017, according to the International Monetary Fund.

A shortage of medical supplies means infants and other sick patients are dying of treatable illnesses. Soldiers guard empty grocery store shelves. Inflation is so bad, the government has had to order bolivars by the planeload.

[C19fan]

Sucks when you run out of other people's money. The only thing keeping inflation from not going up higher is rationing; of course the effects are shortages and lines.

[bcr100]

The idiot, liberal socialist “paradise” not working? Who could have guessed?

[Organic Panic]

Socialism works every time it’s tried....When you’re in the club.

[bgill]

Never fear. Right before our Terrorist in Chief leaves office, he’ll write out a nice hefty check for them, Puerto Rico and half the other countries around the world.

[mindburglar]

Another wealthy nation destroyed by communism. We should start fixing that shit for them like we used to.

Then tell them to stfu.

[2banana]

It ta1kes real talent to have your citizens starve in the dark in a country with more oil reserves than Saudi Arabia and massive amounts of prime farmland...

[samtheman]

Socialism works every time it’s tried....When you’re in the club.

---

And for those not in the club, socialism is always going to work perfecty... next time.

[lurk]

Maybe their government can jump in and help to fix the problem.

[InterceptPoint]

When you run out of money and start printing plane loads of “Bolivars in order to keep your welfare state operating is there some possibility that prices might rise just a rise a bit?

Venezuela is self-distructing. This will not end well.

[M-cubed]

And for those not in the club, socialism is always going to work perfectly... next time. <<<

yup..if they could only be in the club!!!...It would work!!!!

vicious circle isn't it...

[wastedyears]

Sanders wanted us to be just like them.

[sima_yi]

Socialist governments murdered 100 000 000 people in the last century; think what they could have accomplished if only “the right people had been in charge”.

[Brilliant]

The liberals say inflation is good.

[blueunicorn6]

Hugo Chavez’s daughter says, “Let them eat cats, er, I mean, cake.”

[WKUHilltopper]

Socialism...so much better than capitalism.

[HotHunt]

I just read the other day that Chavez's daughter is the richest person in Venezuela. She is worth $4.2 billion, which is squirreled away in banks out of the country.

Gee. I wonder how she earned that money?

[GOPJ]

Socialism in all it’s glory... robbing the people of all their wealth..

[SaraJohnson]

Yeah, socialism is great. The MSM is absolutely hiding the downfall and suffering so young people don’t catch on.

[bert]

if you divide the price by the availability, the rate becomes infinite because the availability is 0