Socialism Runs Its Course: Venezuelan Inflation to Hit 1,600%

[Weatherman2020]

And Socialists have only the same response they have had for a century - they just didn't do it right.


A shortage of medical supplies means infants and other sick patients are dying of treatable illnesses. Soldiers guard empty grocery store shelves. Inflation is so bad, the government has had to order bolivars by the planeload.

As Caracas extends its declared state of economic emergency, it’s no wonder many economists say the nation will soon have to ask the IMF for a bailout. It’s gotten so bad, the government this week handed over control of food stocks to the military, ceding even more power to the armed forces.

Venezuela’s inflation is set to top 1,600% next year

 

[martybegan]

And Socialists have only the same response they have had for a century - they just didn't do it right.


A shortage of medical supplies means infants and other sick patients are dying of treatable illnesses. Soldiers guard empty grocery store shelves. Inflation is so bad, the government has had to order bolivars by the planeload.

As Caracas extends its declared state of economic emergency, it’s no wonder many economists say the nation will soon have to ask the IMF for a bailout. It’s gotten so bad, the government this week handed over control of food stocks to the military, ceding even more power to the armed forces.

Venezuela’s inflation is set to top 1,600% next year

The big question is when the final collapse happens, where are the current leaders going to skip off to to spend all that money Chavez salted away when he was alive?

If they get out, that is.

 

[jwoodie]

Buy gold?

 

[Norman]

They just didn't do it right.