The Socialists in Venezuela are dying to be Capitalist. Literally
Want it anyway
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Last step before Communism
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Venezuela is not socialist you utter buffoon. There is still plenty of privately owned and even state owned industry. Two thirds of the economy is privately owned, in fact. Bronto doesn't like mentioning this of course. It interferes with his fascist narrative. Side: Last step before Communism
Hay Dummy have you mentioned this ???????? The recent and bizarre alleged assassination attempt on Venezuelan President Nicolas Maduro, complete with exploding armed drones, remains mostly a mystery. Regardless of who perpetrated it or why, however, the controversy is already allegedly being used by the regime to persecute political enemies and distract from the serious economic crisis besieging that country. Despite constant condemnation from outside observers, the situation in Venezuela continues to worsen. A top U.N. official recently warned that the country is on the verge of turning into “an absolute disaster in unprecedented proportions for the Western Hemisphere.” What was once Latin America’s richest nation, is now sending hordes of refugees into neighboring countries. Since 2016, nearly two million people have fled the country. Those unfortunate enough to stay are facing life-threatening shortages of food and medicine, one of the highest murder rates in the world and an annual inflation rate that now sits above 40,000 percent. What you got to say you mislead fact less fool ???????????? Side: Want it anyway
According to the International Monetary Fund, by the end of the year, the annual inflation rate in Venezuela will reach 1 million percent. A number like that is hard to grasp. Simply put, a candy bar that cost $1 today would cost $10,000 at the end of a year. Anyone in that position would understandably rush to spend the money right now, on anything that might possibly hold its value. Everyone else would too. The entire economy becomes a giant game of monetary “hot potato.” Saving or planning becomes a sucker’s game. Venezuela is not exactly a struggling undeveloped country; it has the world’s largest proven oil reserves. How the heck did this happen? There are two answers, one technical and one political. The technical answer is that hyperinflations occur because the government wants to spend much more money than it is collecting in taxes — so much more that no one is willing to lend it the money to cover the deficit. Instead, the government uses the central bank to finance the deficit. That puts more money in the economy, but since it’s chasing the same number of goods and services, prices rise to soak up all the extra cash. Unless the government manages to close its budget deficit, it must print even more money to buy the same amount of stuff . . . Rinse and repeat a few times, and the inflation rate starts running into many zeros. The end generally arrives in one of two unpleasant ways: The government decides to stop the madness and implement a strenuous reform program, or the currency becomes so utterly devalued that churning out more of it is pointless. By the end of its hyperinflation, Zimbabwe was printing bank notes that ran into the trillions. But it’s not a secret that this is where hyperinflation ends. Why did Venezuela embark on the road to destruction? And why does the government stay on it while the citizenry slowly starves? In a word, socialism. After his election as president in 1998, Hugo Chávez pursued an increasingly aggressive socialist agenda, one that continued under his 2013 successor, Nicolás Maduro. Chávez nationalized foreign oil fields, along with other significant portions of the economy, and diverted investment funds from PDVSA, the state-owned oil company, into vastly expanded social spending. Is it interesting that the Compost does not back up your lies !!!!!! Side: Want it anyway
Well explain why Venezuela is a total failure !!!!!!!! Pay attention Socialist !!!!!!!!!!!!!!!!!! Juan Carlos Hidalgo Venezuela is on the verge of a massive humanitarian and economic collapse. The culprit? Socialism. The recent and bizarre alleged assassination attempt on Venezuelan President Nicolas Maduro, complete with exploding armed drones, remains mostly a mystery. Regardless of who perpetrated it or why, however, the controversy is already allegedly being used by the regime to persecute political enemies and distract from the serious economic crisis besieging that country. Despite constant condemnation from outside observers, the situation in Venezuela continues to worsen. A top U.N. official recently warned that the country is on the verge of turning into “an absolute disaster in unprecedented proportions for the Western Hemisphere.” What was once Latin America’s richest nation, is now sending hordes of refugees into neighboring countries. Since 2016, nearly two million people have fled the country. Those unfortunate enough to stay are facing life-threatening shortages of food and medicine, one of the highest murder rates in the world and an annual inflation rate that now sits above 40,000 percent. Hay Dummy where is the Capitalism ????????? You uninformed fact less Buffoon !! Side: Want it anyway
When will you dummies learn to use Al Gore's Internet ??????????????? According to the International Monetary Fund, by the end of the year, the annual inflation rate in Venezuela will reach 1 million percent. A number like that is hard to grasp. Simply put, a candy bar that cost $1 today would cost $10,000 at the end of a year. Anyone in that position would understandably rush to spend the money right now, on anything that might possibly hold its value. Everyone else would too. The entire economy becomes a giant game of monetary “hot potato.” Saving or planning becomes a sucker’s game. Venezuela is not exactly a struggling undeveloped country; it has the world’s largest proven oil reserves. How the heck did this happen? There are two answers, one technical and one political. The technical answer is that hyperinflations occur because the government wants to spend much more money than it is collecting in taxes — so much more that no one is willing to lend it the money to cover the deficit. Instead, the government uses the central bank to finance the deficit. That puts more money in the economy, but since it’s chasing the same number of goods and services, prices rise to soak up all the extra cash. Unless the government manages to close its budget deficit, it must print even more money to buy the same amount of stuff . . . Rinse and repeat a few times, and the inflation rate starts running into many zeros. The end generally arrives in one of two unpleasant ways: The government decides to stop the madness and implement a strenuous reform program, or the currency becomes so utterly devalued that churning out more of it is pointless. By the end of its hyperinflation, Zimbabwe was printing bank notes that ran into the trillions. But it’s not a secret that this is where hyperinflation ends. Why did Venezuela embark on the road to destruction? And why does the government stay on it while the citizenry slowly starves? In a word, socialism. After his election as president in 1998, Hugo Chávez pursued an increasingly aggressive socialist agenda, one that continued under his 2013 successor, Nicolás Maduro. Chávez nationalized foreign oil fields, along with other significant portions of the economy, and diverted investment funds from PDVSA, the state-owned oil company, into vastly expanded social spending. So who is the Utter Buffoon here !!!!!! None other than a Brain Dead Socialist that is scared to death of facts !!!!!!!!!!!!!!!!!!!!!!!! Side: Want it anyway
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