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

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posted on Mar, 20 2019 @ 02:02 AM
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Socialism and Communism work even though every example failed.

You gotta buhleeeve




posted on Mar, 20 2019 @ 02:10 AM
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originally posted by: infolurker
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.



Are you sure they are not just playing their part to cover the looting and subjugation of Venezuela to get people to think like some seem to doing at this time.

Perhaps you might like to consider this;

John Perkins's Confessions of an Economic Hit Man.

John Perkins describes his career convincing heads of state to adopt economic policies that impoverished their countries and undermined democratic institutions. These policies helped enrich tiny local elite group's while padding the pockets of US based translational corporations.



posted on Mar, 20 2019 @ 02:14 AM
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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.


For all you know the real situation may be vastly different in many ways.

Perhaps you might like to consider the possibility of this as in the form of a little due diligence. There is the possibility that some on here are the fools other posters have referred to.

John Perkins's Confessions of an Economic Hit Man.

John Perkins describes his career convincing heads of state to adopt economic policies that impoverished their countries and undermined democratic institutions. These policies helped enrich tiny local elite group's while padding the pockets of US based translational corporations.



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