Wasting Time With Alex
Monday, January 11, 2010
Venezuelans to suffer even more..
This sort of economic problems is what you get when you put stock in and try to force the real world to conform to idiotic collectivist economic ideals. Venezuela, once the economic powerhouse of South America, despite all its oil wealth, is in shambles. The economy has been systematically destroyed by anti-capitalist moves and takeovers by a radical government that thinks it can use socialist fervor to warp economic reality. Chavez just ordered a 50% devaluation of the Bolivar, the Venezuelan currency. Not the first time since he took power and implemented those idiotic collectivist policies this kind of leftist twit always tells us will serve to bring “social justice, fairness, and equality”, and proceed to dismantle viable economies and reduce everyone to equal misery. But the fun part is what he then warned all business owners not to do.. What the hell, read it for yourself, this stuff is just unbelievable:
Jan. 10 (Bloomberg)—Venezuelan President Hugo Chavez said that businesses have no reason to raise prices following the devaluation of the bolivar and that the government will seize any entity that boosts its prices. Chavez said he’ll create an anti-speculation committee to monitor prices after private businesses said that prices would double and consumers rushed to buy household appliances and televisions. The government is the only authority able to dictate price increases, he said.
“The bourgeois are already talking about how all prices are going to double and they’re closing their businesses to raise prices,” Chavez said in comments on state television during his weekly “Alo Presidente” program. “People, don’t let them rob you, denounce it, and I’m capable of taking over that business.” Chavez devalued the bolivar as much as 50 percent on Jan. 8 for the first time in almost 5 years, as last year’s decline in oil revenue caused the economy to contract an estimated 2.9 percent, its first recession since 2003. The government set a multi-tiered currency system that Chavez says will stimulate national production by making imports more expensive.
I am devaluating the currency, but those things you have to import or that depend on foreign efforts, because I destroyed any and all local capability to produce anything of any kind of value, better not cost anything more to get! Royal decree enforced by the strong arm of the all powerful state! The end result will be people closing down their businesses and joining the ranks of the equally miserable masses depending on the government for their daily subsistence. Got to love these reality-challenged collectivist morons. Does this stuff where some leader(ship) ignores reality and promises or demands the impossible sound familiar? That’s because this sounds just like the kind of idiotic crap that flies in the face of how the real world works that our democrat controlled Congress is selling us about their healthcare takeover: “It will reduce costs and the deficit, while, giving 40 million new people coverage! Because we says so!”.
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