Venezuela inflation to reach 1000,000 %

Maduro orders 96 percent devaluation in hyperinflation-stricken Venezuela
https://www.cnbc.com/2018/08/18/maduro-orders-96-percent-devaluation-in-venezuela.html

Venezuela's president Nicolas Maduro announced on Friday a single exchange rate pegged to his socialist governments petro cryptocurrency, effectively devaluing by 96 percent in a move economists said would fan hyperinflation in the chaotic country.

In one of the biggest economic overhauls of Maduro's five-year government, the former bus driver and union leader also said he would hike the minimum wage by over 3,000 percent, boost the corporate tax rate, and increase highly-subsidized gas prices in coming weeks.

(Read more at url to see how economies work under socialists)

And that's why bus drivers (or real estate agents), should not be running countries
 
the former bus driver and union leader also said he would hike the minimum wage by over 3,000 percent,

Wow. Everyone is going to be rich.

Wait til Alexandra d'Crockio reads that. What's not to love there?

have-youthad-venezuelan-food-rning-pointusa-socialism-because-waiting-in-31561374.png
 
Maduro orders 96 percent devaluation in hyperinflation-stricken Venezuela
https://www.cnbc.com/2018/08/18/maduro-orders-96-percent-devaluation-in-venezuela.html

Venezuela's president Nicolas Maduro announced on Friday a single exchange rate pegged to his socialist governments petro cryptocurrency, effectively devaluing by 96 percent in a move economists said would fan hyperinflation in the chaotic country.

In one of the biggest economic overhauls of Maduro's five-year government, the former bus driver and union leader also said he would hike the minimum wage by over 3,000 percent, boost the corporate tax rate, and increase highly-subsidized gas prices in coming weeks.

(Read more at url to see how economies work under socialists)
3000% won't work New solution is 6000%.
https://247wallst.com/economy/2018/08/20/venezuela-issues-new-currency-lifts-wages-6000/
 
Fear not though fellow commies, the government has figured out a solution, they now plan to just eliminate 3 zeros on the currency, brilliant central planning. :D

When Turkey officially devalued in 2005(?), they lopped off 6 zeros. Likely more of the same to come for Venezuela.
 
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The hard left in the U.S. would love to see the Venezuela model implemented here.

Of course the actual Lefty utopia is,.... "everybody poor except the ruling elite".

And not just Venezuela... everywhere around the world... including America!

After having seen this play before, it's a bit surprising that half of Americans are dumb enough sheeple to fall for it* here.

*But Goebbels was right...."the people are stupid and easily manipulated".
 
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Bernie and Ocasio-Cortez should hit every college campus with this brilliant idea. Hey kids, we're pushing for a 6000% pay raise AND forcing business to reduce what they charge for goods and service by 97%. You're gonna' be rich. That useless degree you have won't matter. Spend two, three hours a week bagging burgers and you'll have plenty of money to buy a new car which will only cost a couple hundred bucks. Just think of all the free time you'll have to go be a SJW. It's a regular Shangri-La. Plenty of indoctrinated youth to buy this plan and vote for it. What can possibly go wrong?
 
And that's why bus drivers (or real estate agents), should not be running countries



Not to worry. The leftists put a communist in charge of the CIA to spy on everyone and then work to bring down any president or candidate who the Central Planning Committee/FBI did not approve. Need a FISA warrant? Not a problem. You want fries with that?
 
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You guys weave yourselves all new worlds just by posting one bigger piece of bullshit after the other.

From this thread I’ve learned “the leftists” (unsure if they are elected officials, part of the “deep state” or the the alien overlords) put a communist in charge of the CIA to spy on us to bring down any candidate or president not approved by (and this part is good) the “central planning/fbi” did not approve of.

Now that is a special kind crazy stuff right there.

I’m also a fan of the Bernie and Ocasio-Cortez post about them wanting hyper inflation so college students can spend more time being “social justice warriors”.

All together, I think your parents need to tighten up the parental controls on some the media you guys consume.

You’re destroying your brains, guys.
 
You guys weave yourselves all new worlds just by posting one bigger piece of bullshit after the other.

From this thread I’ve learned “the leftists” (unsure if they are elected officials, part of the “deep state” or the the alien overlords) put a communist in charge of the CIA to spy on us to bring down any candidate or president not approved by (and this part is good) the “central planning/fbi” did not approve of.

Now that is a special kind crazy stuff right there.

I’m also a fan of the Bernie and Ocasio-Cortez post about them wanting hyper inflation so college students can spend more time being “social justice warriors”.

All together, I think your parents need to tighten up the parental controls on some the media you guys consume.

You’re destroying your brains, guys.



I guess your parents have not let you read anything about Hiillary hiring british and russian spies and then feeding a dossier to the FBI which then got warrants to spy on Trump officials.

When your parents start letting you wear pants that require a big boy belt because they dont have elastic at the top, you will enter a whole new world.
 
The hard left in the U.S. would love to see the Venezuela model implemented here.

That is why we need to all vote in the midterm elections and remove all the extreme liberal Democrats from power! Do that, and they may just believe their own BS and move to Europe, Venezuela, Cuba or North Korea!
 
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