Topics > World/Foreign Affairs
Venezuela goes deeper into the hyperinflation abyss
Libertas:
http://www.bloomberg.com/news/articles/2015-08-26/venezuela-said-to-ready-larger-bank-notes-as-inflation-soars
Once you start printing larger denomination fiat...you might as well just give up. Ask Zimbabwe how that worked out.
tHugo's leftist legacy reaching fruition. Angry mobs should dig his dead ass up and mutilate it and hoist it up in the central square!
Libertas:
Another preview of Obamaworld...
http://www.zerohedge.com/news/2015-08-30/80-year-old-woman-trampled-death-venezuela-supermarket-stampede
richb:
The sad thing about both Venezuela and Zimbabwe, neither were poor nations before their current "leadership". Now they are both basket cases.
My local library has a travel video produced before Zimbabwe went off the tracks. It was once a pretty nice place to visit.
Libertas:
The oil collapse is part of it...but hey they can bitch to the Saud's all they want...
http://www.ft.com/cms/s/0/204fc996-c8d5-11e5-a8ef-ea66e967dd44.html#axzz3zCk6nVnS
A cautionary tale of socialism and despotism run amok...a cautionary tale if there ever was one.
I like the comment posted by perfessa - "Those ignorant young souls climbing aboard the Bernie Sanders wagon are too young to remember communism but should be forced to read about countries like Venezuela, Ecuador and their contemporaries. Socialism/progressivism/communism----all the same crapola"
But stupid is stupid...and the stupid here will merely say "They didn't get it right, we're smarter".
More crapola!
Libertas:
The situation in Venezuela has become so bad that even soldiers are struggling to support themselves.
Over the weekend, six members of the Venezuelan military were detained by local authorities for stealing goats, the Venezuelan newspaper El Nacional reported Sunday. It said the soldiers confessed to stealing the goats and said they did it to feed themselves, since they had no food left in their barracks.
“It’s not a good sign when your military doesn’t have enough food, and when the military has been relegated to guarding and protecting food lines,” said Jason Marczak, director of the Latin America Economic Growth Initiative at the Atlantic Council. “This is endemic of the problems going on across the country.”
http://www.weaselzippers.us/269858-how-bad-is-it-in-venezuela-soldiers-are-stealing-goats-to-eat/
No shyt? it's not a good sign when droves of people are starving. This is about to get really nasty. But hey, it's not socialism's fault, the fault is in the implementation not the ideology, right?!
Morons.
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