IMF says inflatioin in Venezuela may reach ten *million* percent
Like all big-city newspapers, the Miami Herald slants pro-liberal and pro-Democrat. But because Miami has almost a million former residents of Cuba--people who fled that socialist hell-hole years or decades ago--the Herald is more honest than most papers about the "faaabulous benefits" of socialism.
So here's the Herald's take on what's happening in that garden of socialism, Venezuela:
The International Monetary Fund has always loved socialist regimes, but even the IMF is unenthusiastic about Venezuela. Alejandro Werner, director of the Western Hemisphere department of the IMF, says that country is looking at inflation rates of...wait for it...10 million percent, with prices doubling or tripling every month.
Werner says the Venezuelan economy shrank a stunning 18 percent this year, and is down 50 percent over the past four years. For those who aren't great with numbers: If an economy produces exactly enough to satisfy all needs, what happens if it shrinks 50 percent? Who starves? How many people can't get...fill in the blank...anything? Yet the leading U.S. Democrat pols claim socialism is magic, and will allow them to give "free everything" to everyone.
And amazingly, just over half of the American public believes this horse-shit. And the media--which should be calling out Dems over their lies--is mostly silent. In fact the Herald article is the only one I've seen that's close to the truth.
Prudently, the author of the article wondered if perhaps Alejandro Werner’s figures were too dramatic, so he asked the World Bank what its numbers were Venezuela in the coming year.
For students: The World Bank has always had the same political slant as the IMF: Pro-socialism, goofy, go easy on dictators. But the World Bank’s vice-president for Latin America said their forecasts are very similar to the IMF figures.
Another pro-leftist outfit in the U.S. is the Brookings Institution. And according to a Brookings study released earlier this month, 3 million Venezuelans have already left the country, and they project that another 5 million will flee over the next three years.
If you're wondering if those figures are good or scary, consider that before the wonders of socialism were unleashed on its people, Venezuela's had a population of 32 million. So if the pro-Left Brookings report is right, ten percent of Venezuela's population have already fled, and that's predicted to rise to 25 percent in three years.
How bad would your life have to get to cause you to flee your country on foot, dragging your suitcase? Watch the vid at the link and you'll see an endless line of people doing just that.
So here's the Herald's take on what's happening in that garden of socialism, Venezuela:
The International Monetary Fund has always loved socialist regimes, but even the IMF is unenthusiastic about Venezuela. Alejandro Werner, director of the Western Hemisphere department of the IMF, says that country is looking at inflation rates of...wait for it...10 million percent, with prices doubling or tripling every month.
Werner says the Venezuelan economy shrank a stunning 18 percent this year, and is down 50 percent over the past four years. For those who aren't great with numbers: If an economy produces exactly enough to satisfy all needs, what happens if it shrinks 50 percent? Who starves? How many people can't get...fill in the blank...anything? Yet the leading U.S. Democrat pols claim socialism is magic, and will allow them to give "free everything" to everyone.
And amazingly, just over half of the American public believes this horse-shit. And the media--which should be calling out Dems over their lies--is mostly silent. In fact the Herald article is the only one I've seen that's close to the truth.
Prudently, the author of the article wondered if perhaps Alejandro Werner’s figures were too dramatic, so he asked the World Bank what its numbers were Venezuela in the coming year.
For students: The World Bank has always had the same political slant as the IMF: Pro-socialism, goofy, go easy on dictators. But the World Bank’s vice-president for Latin America said their forecasts are very similar to the IMF figures.
Another pro-leftist outfit in the U.S. is the Brookings Institution. And according to a Brookings study released earlier this month, 3 million Venezuelans have already left the country, and they project that another 5 million will flee over the next three years.
If you're wondering if those figures are good or scary, consider that before the wonders of socialism were unleashed on its people, Venezuela's had a population of 32 million. So if the pro-Left Brookings report is right, ten percent of Venezuela's population have already fled, and that's predicted to rise to 25 percent in three years.
How bad would your life have to get to cause you to flee your country on foot, dragging your suitcase? Watch the vid at the link and you'll see an endless line of people doing just that.
**mandatory Google warning: "The above post is fake news. None of it is true. Surely a sophisticated person like you realizes that an inflation rate of even a thousand percent per year--let alone a million, or two million, or ten million percent--is impossible. Similarly, the claim that ten percent of Venezuelans have fled their homeland--let alone a prediction that a quarter will flee in three years--is simply absurd, unreasonable. If any of this were true, we would have told you about it.**
Labels: Venezuela
posted by SF at
9:55 AM
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