Posted on Jul 1, 2018
Venezuela's inflation hits more than 40,000% as investors dump its currency 'like a hot potato'
1.3K
50
18
11
11
0
Financial imbalance, the Watusi, the twist, El Dorado and number 9 number 9 number 9 number 9 LOL. Some of you don't know this is from the sergeant pepper Revolution number 9 from the Fab Four Beatles of 1967. This is what happens when you have socialism meets Weimar Republic post Great War inflation. I wonder how many wheel barrels a paper cash it takes to buy one loaf of bread. I predict that Cuba will suffer even more once the Venezuelan government collapses. Cuban Secret Service and Cuban soldiers are in the country and that is probably why there is not a revolution yet only because of their secret police rounding up protesters. This is basically a badly run communist country. So here shows the virtues of socialism and Corruption. The price of oil is $73 a barrel yet Venezuela can hardly pump any oil because the oil industry is collapsing. This country recently had a flawed presidential election where the incoming party stayed in power even with this complete collapse of the economy. Funny how 10 years ago the most beautiful women in the world, some with government-paid plastic surgery, would win Miss Universe and Miss World from Venezuela. This was back then before the social justice Warriors complained and forced the Banning of swimsuits. Now we won't see any more Miss Venezuela's since the government is bankrupt to make their contestants look almost Supernatural.
Venezuela's inflation hits more than 40,000% as investors dump its currency 'like a hot potato'
Posted from amp.businessinsider.com
Venezuela
Socialism
Economy
Budget
Edited >1 y ago
Posted >1 y ago
Responses: 6
7
7
0
Saw this in Turkey in the 60s. Happening again over there but not this bad...yet
(7)
(0)
7
7
0
LTC (Join to see)
In 2005, my cousin was the Honduran ambassador to the organization of American states. He met Hugo Chavez and shook his hands. He was protected by Cuban Secret Service. The US government had the audacity to ask him to not buy oil from Venezuela. He asked the US ambassador at the time under President Bush, why do you keep buying from Venezuela? LOL
(3)
(0)
4
4
0
This is so sad for the people. I worked with a fellow from Venezuela. He was upper middle class and had fled the country. Of course the oligarchy are rich, the rest of the people are living the socialist dream, suffering equally. Of course none of this is reported on the “World News “ because it is much more important to report on demonstrations about a policy Trump has ended.
(4)
(0)
LTC (Join to see)
They blame president Trump for Rising gas prices. They don't talk about the Democrats in California raising the price of gas about 25 cents a gallon every year. This is an example of a Canadian carbon tax Schedule based on a carbon tax rate which includes natural gas by the way. So even heating your homes, you pay carbon taxes period in the cold month of March, I paid $29 in carbon tax just on natural gas to heat my home. That's democracy Democrats or liberals as they call them in Canada. Conservatives are Republicans are totally against carbon taxes. If that's socialist New York democratic primary person becomes a congresswoman, you can foresee other socialist running as well and they will raise your fuel and natural gas prices just like this Canadian carbon tax Schedule here. Democrats in California don't want to tell you that it's them responsible for raising your gas prices aside from OPEC and Market forces. That's what the mainstream media doesn't tell you. Good thing I live in Canada and I am the canary in the coal mine warning you and others of the shape of things to come if you let extreme environmentalists into power.
(2)
(0)
LTC (Join to see)
When Nancy Pelosi says Ho Hum on wages
not going up enough, what about those wages in
California that are being made or impacted by carbon taxes to the Democrats force-fed to the people of California?
I don't think there was a referendum to approve a carbon tax by the local plebiscites. So
when Nancy Pelosi says "Ho Hum", she needs to look in the mirror and so does geriatric Governor Jerry Brown. He was my governor in 1980 when I graduate from high school. I think he has Jesuit dementia.
not going up enough, what about those wages in
California that are being made or impacted by carbon taxes to the Democrats force-fed to the people of California?
I don't think there was a referendum to approve a carbon tax by the local plebiscites. So
when Nancy Pelosi says "Ho Hum", she needs to look in the mirror and so does geriatric Governor Jerry Brown. He was my governor in 1980 when I graduate from high school. I think he has Jesuit dementia.
(2)
(0)
Lt Col John (Jack) Christensen
LTC (Join to see) You use it you pay for it tax. Actually makes more sense than trickle down.
(0)
(0)
Read This Next
Continue with Facebook 
Continue with Google