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Venezuela Has Highest and Fastest Inflation in Latin America
Short News ^ | 21 Oct 2006 | C. Arnold

Posted on 10/21/2006 8:14:51 PM PDT by Kitten Festival

According to Fedeindustrias and other business panels, Venezuela’s inflation is expected to soar to 19% by the year’s end, 7% higher than the central bank anticipated. Inflation climbed to 15.3% in Sept., the highest and fastest in Latin America.

Central bank President, Gaston Parra, blames the inflation on the government’s sharp increase in spending. “Until now, we have adopted the prudent, necessary measures to combat inflation,” says Parra.

Enrique Alvarez, an economist with IDEAGlobal, says “The message is clear: there's little policy coordination between the government and the central bank and that's where the failure to control inflation lies.”

(Excerpt) Read more at shortnews.com ...


TOPICS: Business/Economy; Extended News; Foreign Affairs
KEYWORDS: hugoping; inflation; venezuela
Courtesy of Hugo Chavez - who's doing to Venezuela what his pal Jimmy Carter did to the U.S.
1 posted on 10/21/2006 8:14:52 PM PDT by Kitten Festival
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To: Kitten Festival

anyone read the 2mb pdf file titled "How to destory a country" for Zimbawae. Very similar parrallels


2 posted on 10/21/2006 8:16:53 PM PDT by 4rcane
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To: Kitten Festival

Yeah, I hear North Korea is a great place to raise the kids, too!


3 posted on 10/21/2006 8:18:06 PM PDT by ButThreeLeftsDo
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To: Kitten Festival

"¡Somos numero uno! ¡Somos numero uno!"


4 posted on 10/21/2006 8:18:24 PM PDT by RichInOC (HUGO: ĦĦQUE USTED DICE!!)
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To: Kitten Festival

Hugo spending on himself and buying votes...sounds like a democrap.


5 posted on 10/21/2006 8:19:00 PM PDT by eleni121 ("Show me just what Mohammed brought:: evil and inhumanity")
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To: Kitten Festival

Sorry but I must be juvenile for a moment :

'Venezuela Has Biggest and Fatest Dictator in Latin America'


6 posted on 10/21/2006 8:19:35 PM PDT by CommieCutter
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To: Kitten Festival

The Government does spend like mad...

What do you think they're doing with all that oil revenue? Banking it??!


7 posted on 10/21/2006 8:19:44 PM PDT by ivy (Ivy's ex bf)
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To: Kitten Festival
Shaking head an chuckling softly...

L

8 posted on 10/21/2006 8:20:45 PM PDT by Lurker (He just sat there, biting the heads off whippets...)
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To: Kitten Festival

May the curses of Pig-Faced Hugo thwart and frustrate his evil ways until he is thrown out of office. The slop of the hog pen is too good for this cretin. Venezuela deserves better than this ugly thug Hugo swine.


9 posted on 10/21/2006 8:20:58 PM PDT by tflabo (Take authority that's ours)
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To: Kitten Festival
Hmm. A similar inflation rate as when President Carter was in office.

I wonder if there is a reason for that...
10 posted on 10/21/2006 8:21:51 PM PDT by ConservativeMind
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To: tflabo

He belongs on the top bunk over Noriega in a Georgia jail!


11 posted on 10/21/2006 8:23:02 PM PDT by Kitten Festival
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To: Kitten Festival
Central bank President, Gaston Parra, blames the inflation on the government’s sharp increase in spending.

Well, that makes him smarter than our central bankers. Bernanke and all the other Greenspan clones think inflation is caused by economic growth, low unemployment and other good things.

12 posted on 10/21/2006 8:25:26 PM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: Kitten Festival

The government there is extremely dependent upon oil prices staying this high. Countries, like people, expand their spending to fit their income. Revenues go down and the crap hits the fan. A serious decline in oil prices would cause serious problems for them.


13 posted on 10/21/2006 8:25:33 PM PDT by ChildOfThe60s (If you can remember the 60s...you weren't really there.)
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To: ButThreeLeftsDo
Yeah, I hear North Korea is a great place to raise the kids, too!

Yeah, I think Elton John said North Korea was OK but Mars wasn't the kind of place to raise your kids....in fact it's cold as hell.

14 posted on 10/21/2006 8:27:22 PM PDT by zarf
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To: Kitten Festival

He needs to be as stupid as Noriega and declare war on us.


15 posted on 10/21/2006 8:28:14 PM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: Kitten Festival
Courtesy of Hugo Chavez - who's doing to Venezuela what his pal Jimmy Carter did to the U.S.

I remember him mouthing off about how he was going to distribute a million or so AK-47's to his people to ward off some paranoid delusion of a US invasion.

Tell me where to send a check, Hugo. I'll help pay for it.

16 posted on 10/21/2006 8:28:41 PM PDT by He Rides A White Horse (Unite)
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To: Kitten Festival
*sigh*....Now we'll get a couple of million Venezuelans crossing the border...
17 posted on 10/21/2006 8:50:06 PM PDT by Dallas59 (Muslims Are Only Guests In Western Countries)
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To: Kitten Festival
Two losers


18 posted on 10/21/2006 9:04:10 PM PDT by Cobra64 (Why is the War on Terror being managed by the DEFENSE Department?)
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To: Kitten Festival

19 posted on 10/21/2006 9:08:43 PM PDT by End_Clintonism_Now (MONEY IS THE ROOT OF ALL CLINTON!)
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To: Cobra64

That reminds me. I've been meaning to photoshop Sheehan watching porn on her computer.


20 posted on 10/21/2006 9:17:57 PM PDT by CAWats (And I will make no distinction between the terrorists and the Democrats)
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To: Kitten Festival
Carter gets along wonderfully with the communist bully Hugo.
21 posted on 10/21/2006 9:26:52 PM PDT by M. Espinola (Freedom is not free)
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To: CAWats
...Sheehan watching porn on her computer.

I heard that she watched porn. Was it a joke or is it a reported fact?

If she did, then why hasn't it been all over the news?

22 posted on 10/21/2006 9:30:50 PM PDT by Cobra64 (Why is the War on Terror being managed by the DEFENSE Department?)
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To: Cobra64

Her love of porn chat rooms was discussed on Hannity and Colmes. Here's a link discussing this.

http://www.freerepublic.com/focus/f-news/1721199/posts


23 posted on 10/21/2006 9:35:43 PM PDT by CAWats (And I will make no distinction between the terrorists and the Democrats)
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To: CAWats

http://www.freerepublic.com/focus/f-news/1722758/posts


24 posted on 10/21/2006 9:39:29 PM PDT by CAWats (And I will make no distinction between the terrorists and the Democrats)
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To: Kitten Festival

The Venezuelan opposition has at least picked one candidate (rather than have a collection of groups), and so they have a stronger chance of ousting Chavez than they had.


25 posted on 10/21/2006 9:44:56 PM PDT by Jedi Master Pikachu ( The r/l thing is Japanese, not pan-Asian, and, in any case, making a mockery of it is rude.)
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To: CommieCutter

Mr. Morales of Bolivia is a close second-runner-up.


26 posted on 10/21/2006 9:45:58 PM PDT by Jedi Master Pikachu ( The r/l thing is Japanese, not pan-Asian, and, in any case, making a mockery of it is rude.)
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To: Kitten Festival
That's nothing. I'll tell you the best kept secret of the year. The country with the highest rate of real economic growth in the world, is - - - Iraq.
27 posted on 10/21/2006 10:13:44 PM PDT by JasonC
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To: Kitten Festival

28 posted on 10/21/2006 10:18:58 PM PDT by zarf
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To: ConservativeMind

That was the first thing crossed my mind too...Carter.


29 posted on 10/21/2006 10:37:41 PM PDT by rockinqsranch (Dems, Libs, Socialists...call 'em what you will...They ALL have fairies livin' in their trees.)
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To: Kitten Festival

Let's print money, money, money....just like ol' Jimmy...

Let's print money, lots of money, must like ol' Jimmy...


30 posted on 10/21/2006 10:50:24 PM PDT by Prost1 (Fair and Unbiased as always!)
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To: Kitten Festival

No surprise. Massive inflation to confiscate savings and destroy the middle class was one of the many evil things Lenin and the Bolsheviks did to consolidate their hold on Russia after the October Revolution. Chavez is just following the Bolshevik blue print. Mass starvation will come shortly thereafter. We can look forward to the same kind of thing if the DemonRats win here.


31 posted on 10/22/2006 5:11:47 AM PDT by libstripper (!!)
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To: Kitten Festival

I think one of the reasons for the cancellation of the contract with Spain for the supply of jets and other military equipment was concern on Spain's part over the stability of the VZ economy and its ability to pay. Ostensibly, it was because the price was too high from the VZ point of view, since we would not let Spain sell them our technology and the French and Israelis, who were willing to sell them similar technology, were going to charge a lot more for it. However, even though Zapatero and his merry Socialist band are big supporters of Chavez, they didn't sound exactly devastated by the collapse of the contract, and there was mention of some concern about the future solvency of VZ.


32 posted on 10/22/2006 5:16:40 AM PDT by livius
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To: zarf
"... Elton John said North Korea was OK but Mars wasn't the kind of place to raise your kids....in fact it's cold as hell."

Unlike either Elton John or North Korea, Mars can be fixed.

33 posted on 10/22/2006 10:31:57 AM PDT by NicknamedBob (If you want to make a raccoon, you will first need to get a raccoon kit.)
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To: ivy

What do you mean, "All that oil revenue?" The price of gas is about ten cents a gallon in Venezuela, because they are boycotting their own customers.


34 posted on 11/16/2006 7:47:12 AM PST by dangus (Pope calls Islam violent; Millions of Moslems demonstrate)
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To: NicknamedBob

>> Unlike either Elton John <<

Elton John doesn't need fixing. Gay dogs don't make puppies.


35 posted on 11/16/2006 7:50:09 AM PST by dangus (Pope calls Islam violent; Millions of Moslems demonstrate)
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To: dangus
You should probably come visit us over here.

At least the cost of our professional help is affordable.

36 posted on 11/16/2006 1:03:43 PM PST by NicknamedBob (I propose a toast! "Here's to the Drive-By Media running out of gas!")
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To: Kitten Festival

We ain't seen nothin yet. Any bets on where the Venezuelan inflation rate goes? Over 25% anyone?


37 posted on 11/16/2006 1:05:30 PM PST by FastCoyote
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