Posted on 07/01/2018 5:00:51 AM PDT by Libloather
Venezuela's inflation rate has hit a new high with consumer prices in the crisis-ridden country rising by more than 40,000 per cent annually for the first time on record, according a top economist.
**SNIP**
Venezuela's government has largely stopped reporting economic data, including internal measures of inflation. The Central Bank of Venezuela, which did not immediately respond to request for comment, has not independently released inflation figures in at least a year.
**SNIP**
Mr Abadia said Venezuela is a "disaster area" and that as long as Mr Maduro is in power, the economy will "continue to collapse." But Mr Maduro reaffirmed his tight grip on power last month, easily winning another six-year term in what was widely condemned as a fraudulent election.
(Excerpt) Read more at yahoo.com ...
See? Socialism really does work just as long as some folks get out of the way.
Have wages stayed the same or have they also gone up numerically?
The fruits of socialism. What a wonderful harvest. Now we have a Puerto Rican barfly headed for congress.
They reversed the German timeline.
Venezuela had their dictator before the inflation.
Hitler had lots of rich Jews to steal from.
The only wages that come close to going up in kind have been to the military......
Yes, there’s quite bit going on way down south. Our U.S. government has poured enormous amounts of money and effort many times into quite a few countries down there in attempts to improve conditions, but political and economic situations repeatedly bounce back to what they were before. Maybe it’s a persistent cultural/heritage thing that we can’t change.
Nicaragua’s crisis deals a crushing blow to businesses large and small
https://www.yahoo.com/news/nicaraguas-crisis-deals-crushing-blow-businesses-large-small-012929256.html
Leftist ‘AMLO’ favorite as Mexico heads to polls
https://www.yahoo.com/news/leftist-amlo-favorite-mexico-heads-polls-013217052.html
Yes, Maduro, it is Trump’s fault. He didn’t teach you economics. Maduro is proof that liberalism is a very mental disorder...and if you need more proof...see Fredrickia Wilson, Maxine the Mouth Waters and that upset winner in New York...
What I’m implying, is that maybe most people in southern latitudes are simply more inclined toward communal and tribal living. Think that might explain their bouncing back and forth between fascist dictatorships and communism without settling for something in the middle?
Maybe if white liberals were in charge instead of a Latino bus driver,socialism would have worked....This time........
> The fruits of socialism. What a wonderful harvest. <
Socialism is like a heroin habit. It feels really good at first. But things go downhill fast. And the ending is never pleasant.
A socialist dream realized. Coming soon, if the millennial socialists (nee, communists) gain control of the US.
Asked about Venezuela's chances to overtake Zimbabwe on the race to the bottom and a new world championship, El Presidente Maduro replied, "In the immortal inspirational words of Presidente Obama, '!Sí se puede¡', Yes we can!"
Considering that both fascism and communism are facets of socialism, what is in the middle?
If you had any savings, their value is essentially zero. Thus, all are dependent on the government. The government’s debts have been wiped out.
I notice the ruling elite is not hurting. They take care of themselves with payment in real money and exclusive stores.
The public gets nothing but what it deserves, since it reelected maduro. They have none of my sympathy.
Nothing, except in the U.S.A. founded by our forefathers. Sad to have seen that middle going away in our country, as foreign minds took over our government over the past few generations.
They just need to get it back down to 30,000% and normalcy will return.
Don’t forget that Zimbabwe had already lopped off 13 zeroes, so that ridiculous 100 trillion dollar bill is really a one octillion dollar ($1,000,000,000,000,000,000,000,000,000) bill from Zimbabwe’s original money.
Socialism is poison. It destroys the incentive to achieve and to work.
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