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Venezuela runs out of other people's money


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#1 stocks

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Posted 07 December 2015 - 10:32 AM

Margaret Thatcher:

 

"The problem with socialism is that you eventually run out of other people's money."

 

Venezuela opposition thrashes Socialist 'Chavismo' in landslide win

 

The government's defeat was another blow to Latin America's left following last month's swing to the centre-right in Argentina's presidential election.

 

The Democratic Unity coalition capitalised on discontent among Venezuela's 29 million people with the world's highest inflation and product shortages.


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 “Men think in herds and go mad in herds, while they only recover their senses slowly, one by one.” 

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#2 stocks

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Posted 07 December 2015 - 06:56 PM

Margaret Thatcher:

"The problem with socialism is that you eventually run out of other people's money."

 

Latin America's Red Tide Washing Away Fast

 

It's easy to get lost in the weeds of Brazil's, Venezuela's, or other Latin countries' internal political strife. But there's a broad, unmistakable trend out there: The region's socialist rule is collapsing as the cash runs out.

 

 

 

http://news.investor...g-away-fast.htm


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 “Men think in herds and go mad in herds, while they only recover their senses slowly, one by one.” 

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#3 stocks

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Posted 10 May 2016 - 09:53 AM

2013

 

Hollywood celebrities support "power to the people" Venezuelan socialist Hugo Chavez

 

Sean Penn, Oliver Stone, Danny Glover

 

2016

 

Dystopia: Venezuelans Are Now Killing Cats, Dogs, and Pigeons for Food Because Socialism Can’t Provide

 

 

 

http://nation.foxnew...socialism-can-t

 
 

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 “Men think in herds and go mad in herds, while they only recover their senses slowly, one by one.” 

― Charles MacKay


#4 stocks

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Posted 23 May 2016 - 10:43 AM

Chavez issued a set of 49 decrees in 2001 that gave him vast power over the economy. He used this power to seize private factories and expropriate foreign owners of Venezuelan firms—ensuring that no foreign investors would want to put a single dollar into the country for the foreseeable future.

 

When it all started to go wrong, the regime doubled down, blaming private retailers for “hoarding” and “speculation” and prosecuting them for waging an “economic war” against the people. Their solution was to impose price controls, which naturally made things worse, leading Venezuelans to protest by flooding the Internet with photos of empty store shelves.

 

All of it reads like a vast experiment designed to find out what happens to an economy when you put it under the control of crazy people. But it’s actually what happens when you hand over the economy to people with a fervent belief that government decrees can change the laws of economics and coerce everyone into prosperity.

 

http://thefederalist...gine-venezuela/

 

 
 

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 “Men think in herds and go mad in herds, while they only recover their senses slowly, one by one.” 

― Charles MacKay


#5 AChartist

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Posted 23 May 2016 - 10:07 PM

Excellent financial repression discussion with a lot of insight how they run the slave ignorant.

 

 

real negative interest rates are 1.5% - 7% inflation.

this is how ignorant are debased at 5% annual, is 23% in 5 years, 1/2 in 10 years

if they didnt have 100% of annual income earning 1.5% T-Bill then they got the whole -7% annual for 30% loss of

living standard in 5 years.

So when their down 50% in 10 years their political "agenda" to run the ignorant is 1/2 of taxed min wage.

if they are losing interest (paying 7% tuition interest) then they get to zero a whole lot faster, like 5 years.

pigs to the slaughter

depopulation, is why their occult leader said their entire economic policy is tuition debt and taxes.

the white trash taxes are to redistribute labor(slavery) to hide the economic collapse rate to their "voters".

a whole lot of chanting cannibal ignorant going to hell.

      5%              7%
0    100            100
1    95              93
2    90.25         86.5
3    85,73         80.43
4   81.43         74.80
5   77.37         69.57
6   73,5           64.7

 

 


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#6 stocks

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Posted 02 August 2016 - 06:15 AM

Venezuela’s President Maduro: ‘Dead man walking’

 

  With no hope for the future and no faith in the country’s leadership, many fear that the humanitarian crisis will provoke a social explosion.

 

Maduro’s future is shackled to a collapsing economy, wrought by two decades of socialism, mismanagement, and corruption that has squandered $1.5 trillion in oil revenue. Anxious Venezuelans pass their days in long lines to buy food, medicine, and other necessities. Crime and insecurity stir rage in a society polarized by decades of class warfare, which is used by Maduro — like Chávez before him — to consolidate his base among Venezuela’s poor majority.

 

 

 

 

 



-- 

 “Men think in herds and go mad in herds, while they only recover their senses slowly, one by one.” 

― Charles MacKay


#7 stocks

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Posted 14 March 2017 - 06:30 AM

Chavez issued a set of 49 decrees in 2001 that gave him vast power over the economy. He used this power to seize private factories and expropriate foreign owners of Venezuelan firms—ensuring that no foreign investors would want to put a single dollar into the country for the foreseeable future.

 

All of it reads like a vast experiment designed to find out what happens to an economy when you put it under the control of crazy people. 

 

 

An Old Tweet From Michael Moore Underscores That Socialism Doesn't Work — Ever    

 

  In 2013, Moore celebrated the nationalization of Venezuela's oil company, PDVSA:

 

"Hugo Chavez declared the oil belonged 2 the ppl. He used the oil $ 2 eliminate 75% of extreme poverty, provide free health & education 4 all," Moore tweeted nearly four years ago.  

 

Today, Venezuela suffers from endemic corruption, 800% inflation, a -19% annual GDP growth rate, and interest rates of over 20%. Rampant food shortages are causing malnutrition, and all the diseases that come from that. One area of improvement: Income inequality. Now, most of the country is equally poor, with the exception of those in power.  

 

http://www.investors...esnt-work-ever/


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 “Men think in herds and go mad in herds, while they only recover their senses slowly, one by one.” 

― Charles MacKay


#8 stocks

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Posted 21 January 2018 - 08:33 PM

Recent Wave of Looting Shows Extent of Hunger in Venezuela 

 

The situation has led many ranchers and businessmen to pay armed groups to secure their properties.

 

“The desperation, impunity and serious humanitarian crisis that we are experiencing in Venezuela continues to deepen and is leading people to commit this type of crime,” Coordinator of the Venezuelan Conflict Observatory, Marco Antonio Ponce, said. 

 

 

https://panampost.co...r-in-venezuela/


-- 

 “Men think in herds and go mad in herds, while they only recover their senses slowly, one by one.” 

― Charles MacKay