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  Topic: The Venezuelan Train Crash
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The Venezuelan Train Crash
Investor´s Business Daily, by Editorial

Original Article

Posted By:PageTurner, 2/12/2013 12:57:47 PM

Economics: Venezuela has devalued its currency, joining Iran, Argentina and others whose wars on math brought the same result. Some call this a "restorative." It´s not. It´s what happens when big government hits a wall. Venezuela´s monster 47% devaluation from 4.3 to 6.3 bolivars to the dollar, reportedly ordered by President Hugo Chavez from his hospital bed in Cuba, marks the reckoning for his regime´s big-spending ways in Venezuela´s low-growth economy. It was about as predictable as a crash from a runaway train, given his mad-lunatic war on economics — his lethal combination of welfare spending, destruction of the private sector

Comments:
Hugo has had a collision with ... math. Sound like any place you know?

      


Post Reply  

Reply 1 - Posted by: Pearson365, 2/12/2013 1:15:28 PM     (No. 9172304)

Correction. Should read "reportedly ordered by the late President Hugo Chavez from a hospital morgue in Cuba."

Hugo passed away weeks to months ago under CastroCare, the Spanish speaking version of ObamaCare. But in deference to Fidel, Hugo didn´t want his passing announced until after Cuba´s dictator passed through the gates of Hades. Fidel, Hugo and Raul Castro will then await the arrival of their mulatto brother, El Baracko, to complete the foursome.

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Reply 2 - Posted by: Salt5792, 2/12/2013 1:30:15 PM     (No. 9172349)

A monster devaluation will come to America before 2020. The population will be impoverished by this action.

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Reply 3 - Posted by: 3XALADY, 2/12/2013 2:03:11 PM     (No. 9172443)

This morning Glenn Beck said this is the first of the dominoes to fall. All countries will eventually go down, US included.

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Reply 4 - Posted by: Democracy First, 2/12/2013 3:28:49 PM     (No. 9172588)

2 and 3, you have obviously been paying attention , unlike so many Americans. . God help our country!!!

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Reply 5 - Posted by: reilly, 2/12/2013 3:40:35 PM     (No. 9172609)


November 2012: All aboard for Obama!


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