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Old 05-22-2016, 09:52   #1
Team Sergeant
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Venezuela, a month left at best?

I give Venezuela 30 days before full blown anarchy. This is a good article, I'm surprised the progressive/socialist/communist "president" (dictator) has not clamped down on the media yet. I'm sure after the government starts killing it's own people that will happen.

I'm amazed that this is what half of "America" wants, a socialist government.

Anyone notice who's carrying the news on Venezuela? It ain't cnn, msnbc or even foxnews....... I'm guessing it's not a good idea to lead with a socialist catastrophe while an "American socialist hitlery clinton" is running for office.



Venezuela, where a hamburger is officially $170

Marc Burleigh
•May 20, 2016

Caracas (AFP) - If a visitor to Venezuela is unfortunate enough to pay for anything with a foreign credit card, the eye-watering cost might suggest they were in a city pricier than Tokyo or Zurich.

A hamburger sold for 1,700 Venezuelan bolivares is $170, or a 69,000-bolivar hotel room is $6,900 a night, based on the official rate of 10 bolivares for $1.

But of course no merchant is pricing at the official rate imposed under currency controls. It's the black market rate of 1,000 bolivares per dollar that's applied.

But for Venezuelans paid in hyperinflation-hit bolivares, and living in an economy relying on mostly imported goods or raw materials, conditions are unthinkably expensive.

Even for the middle class, most of it sliding into poverty, hamburgers and hotels are out-of-reach excesses.

"Everybody is knocked low," Michael Leal, a 34-year-old manager of an eyewear store in Caracas, told AFP. "We can't breathe."

- Shuttered stores -

In Chacao, a middle-class neighborhood in the capital, office workers lined up outside a nut store to buy the cheapest lunch they could afford. Nearby restaurants were all but empty.

cont:

https://www.yahoo.com/news/venezuela...11.html?ref=gs
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