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Venezuela's 2018 Inflation to Hit 1.37 Million Percent, IMF Says

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posted on Oct, 11 2018 @ 04:13 PM
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Socialist Fools who have damned their nation into poverty. Useful idiots will continue to sing socialism's praises until everyone (except those in power) are equally devastated. Here is our reminder.

Why do I care? Because there are millions of "useful idiots" in the US that wants this.

www.bloomberg.com... Id=google




Venezuela’s annual inflation rate will surge to 1.37 million percent by the end of the year as the government fails to cover a widening budget shortfall by printing money, according to a report from the International Monetary Fund published Tuesday.

That estimate from the latest IMF World Economic Outlook is up from the forecast of 1 million percent the IMF made in July and more than a hundred times faster than its January estimate of 13,000 percent. Looking ahead, consumer prices will rise 10 million percent in 2019, according the report.

Maduro has hiked the minimum wage 24 times since he took office in 2013 to combat inflation, including an August increase of over 3000 percent to 1800 bolivares, which now amounts to less than $20 a month. Instead of the intended political boost, companies are now telling workers they can’t afford to keep them.



Are clueless celebs embarrassed by their praise for Venezuela’s brutal socialist regime?


Good Video Here:

Where are the celebrities and leftists who praised Venezuela’s descent into socialism now?
www.theblaze.com...




Venezuela’s socialist president, Nicolás Maduro, is under fire after videos of him enjoying a $275 steak, personally served to him by celebrity chef “Salt Bae,” went viral — while his country is literally starving.

They also recalled when celebrities such as Sean Penn, Micheal Moore, and Danny Glover, as well as the leader of the British Labour Party, Jeremy Corbyn, praised Venezuela’s socialist government as the solution to all of the country’s, perhaps even the “wide world’s” problems. Unsurprisingly, all have now gone radio-silent on the matter.


edit on 11-10-2018 by infolurker because: (no reason given)




posted on Oct, 11 2018 @ 04:25 PM
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So does that mean my one dollar is now worth 1.37 million dollars?????

Wow, socialism is awesome, everyone will be rich.



posted on Oct, 11 2018 @ 04:29 PM
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If the average human could just get organised.. work together, overthrow the government...
But they’re prbably to busy squabbling over scraps like they always do.

This is exactly what those in power want...
Let’s hope for a Gadaffi repeat, that’s the best possible outcome.



posted on Oct, 11 2018 @ 04:36 PM
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a reply to: infolurker

That's all coming here in our lifetime.

Keep on pushing for trillion dollar wars, and etc frivolous spending, such as transhumanism agenda BS, yeah just keep throwing a trillion a year at the DOD and handing over all the rest to the banksters and we'll all pat ourselves on the backs for having too many aircraft carriers the DOD being the Department of Offense, and when it comes here all these lazy cushy life sissies when faced with eating the cats and the dogs will be out hanging themselves in the streets.

Yeah lets go bomb Venezuela and we can live just like them woohoo!!




posted on Oct, 11 2018 @ 04:38 PM
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a reply to: GreenGunther

You mean we'll send in Hillary to assassinate Venezuelan leadership, using Al Qaeda, just like in Libya?

And why did Quaddafi "need" to be bombed again, exactly???

And it worked out huh?

Vote Hillary 2020! Or maybe Trump will do what she did... Go Two Party System wooooo!

Unending conflict in South America is what "those in power" want, and Venezuela imploded / US attacking them is exactly how to do it.
edit on 11-10-2018 by IgnoranceIsntBlisss because: (no reason given)



posted on Oct, 11 2018 @ 04:43 PM
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originally posted by: MisterSpock
So does that mean my one dollar is now worth 1.37 million dollars?????

Wow, socialism is awesome, everyone will be rich.


Actually that would mean you'd need that money units to equal one 'dollar'.

But if you went down with US$50,000 to them you'd perhaps be a "trillionaire" or something, although it wouldn't be like being Jeff Bezos.



posted on Oct, 11 2018 @ 04:53 PM
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1.37 Million Percent

GOOOOOOOOOOOOOOOOOOOOO SOCIALISM!




posted on Oct, 11 2018 @ 04:55 PM
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a reply to: IgnoranceIsntBlisss




You mean we'll send in Hillary to assassinate Venezuelan leadership,


Clinton,Sanders,Cortez,Beto and their code name is the 'Expendables'.



posted on Oct, 11 2018 @ 05:19 PM
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I don’t think I’m interested in Socialism.

In Venezuela, they were teachers and doctors. To buy food, they became prostitutes.

ARAUCA, COLOMBIA
At a squat, concrete brothel on the muddy banks of the Arauca River, Gabriel Sánchez rattled off the previous jobs of the women who now sell their bodies at his establishment for $25 an hour.
“We’ve got lots of teachers, some doctors, many professional women and one petroleum engineer,” he yelled over the din of vallenato music. “All of them showed up with their degrees in hand.”
And all of them came from Venezuela.

Read more here: www.miamiherald.com...=cpy

Read more here: www.miamiherald.com...=cpy

www.miamiherald.com...



posted on Oct, 11 2018 @ 05:59 PM
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originally posted by: infolurker


Where are the celebrities and leftists who praised Venezuela’s descent into socialism now?


Preparing to tell you this wasn't real socialism (duuuuhhhh).



posted on Oct, 11 2018 @ 06:35 PM
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originally posted by: Nickn3
I don’t think I’m interested in Socialism.

In Venezuela, they were teachers and doctors. To buy food, they became prostitutes.

ARAUCA, COLOMBIA
At a squat, concrete brothel on the muddy banks of the Arauca River, Gabriel Sánchez rattled off the previous jobs of the women who now sell their bodies at his establishment for $25 an hour.
“We’ve got lots of teachers, some doctors, many professional women and one petroleum engineer,” he yelled over the din of vallenato music. “All of them showed up with their degrees in hand.”
And all of them came from Venezuela.

Read more here: www.miamiherald.com...=cpy

Read more here: www.miamiherald.com...=cpy

www.miamiherald.com...


They sure made those women equal, didn't they?



posted on Oct, 11 2018 @ 06:36 PM
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a reply to: Wardaddy454

And if that doesn't work blame the US for Maduro's failure.
edit on 11 10 18 by projectvxn because: (no reason given)



posted on Oct, 13 2018 @ 02:30 PM
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I wonder whether it's about time to get Hot heads cool with respect to Venezuela. Last time I checked a few nukes in Cuba managed to deter US invasion and saved Kennedy (at least politically) from a crazy dangerous military intervention. Is it time to save Trump politically ? ... a few S-400s, maybe a few IRBMs (the Iranian ones are good enough) may do the trick ... maybe already by next month !
edit on 13-10-2018 by Flanker86 because: (no reason given)



posted on Oct, 13 2018 @ 03:14 PM
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I’m sure it has nothing to do with decades of us attempted coups, destabilization, economic and social espionage, assasination, Etc. Funny how Venezuela resembles every single other nation we carry our these actions upon.



posted on Oct, 13 2018 @ 03:23 PM
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originally posted by: pexx421
I’m sure it has nothing to do with decades of us attempted coups, destabilization, economic and social espionage, assasination, Etc. Funny how Venezuela resembles every single other nation we carry our these actions upon.


You should be sure...because it’s actually got everything to do with illegal Venezuelan elections and Venezuelan Presidents seizing private industry/public utilities for the “State”...also known as Socialism (well, partly, there’s some other ‘isms involved too, like despotism).



posted on Oct, 13 2018 @ 03:38 PM
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a reply to: Lab4Us you are incorrect. It has everything to do with us sanctions, which are illegal and acts of war. It also has to do with us backed aristocracy business owners there creating artificial scarcity and refusing to sell products to intentionally destroy the economy and damage govt policies, so that a us strongman can get into office and privatize everything. We do absolutely everything we can to destroy there economy so that we can point at them and say “look! Socialism doesn’t work” meanwhile completely going against every free market ideology that we falsely espouse.



posted on Oct, 13 2018 @ 03:42 PM
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a reply to: Lab4Us if you really believe what you state, then you have absolutely no real understanding of us foreign policy or history. This is a classic case of us foreign subversion and economic sabotage. We’ve spent millions doing this to Venezuela (and many others) because we are an authoritarian rogue nation who does not believe in democracy or freedom for any nation that won’t sell out its people for us profit.







 
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