Skip to comments.Venezuela About To Run Out Of Food Despite Fresh All Time High In Its Stock Market
Posted on 01/22/2014 7:17:36 PM PST by mykroar
Venezuela can be proud: while the US stock market has gone exactly nowhere in 2014, the Caracas stock exchange of the socialist paradise has continued kicking ass and taking names, just today printing a fresh all time high.
(Excerpt) Read more at zerohedge.com ...
Well you’re a racist!
Venezuela just develued their bolivar by 44% today in order to try to fix this.
Hugo Chavez was the perfect socialist, and Obama and the democrats are emulating him to a T, not someone like Stalin. Chavez never wanted a true one party state, he accepted democracy, as long as he could buy 51% of the votes. He got them, and looted the 49% in order to get them. The whole country went down, and continues to go down, but the 51% don't get it, they like the priveledge of legalized stealing. They will never give up the priveledge until there is nothing left to steal.
Sounds familiar somehow or other...
Let them eat cake?
Trouble in socialist paradise.
-— Chavez never wanted a true one party state, he accepted democracy, as long as he could buy 51% of the votes. He got them, and looted the 49% in order to get them. The whole country went down, and continues to go down, but the 51% don’t get it, they like the priveledge of legalized stealing. They will never give up the priveledge until there is nothing left to steal. -—
It’s a new variant of communism, I guess. The secret to success is to die before the collapse.
Hopefully Maduro and his circle of friends get a Ceausescu facial.
Well looks great on paper but doesn’t taste good.
Yet more Fun with Socialism!
In what units is the Caracas stock measured? If it is in Venezuelan bolivars, then it is no surprise that its nominal value goes up as the bolivar plummets.
Socialism: people wait for bread
Capitalism: bread waits for people
Collectivism, where the stock market can be whatever value we say it is.
A nation’s stocks are priced relative to the underlying value of its currency.
The currency just got popped for 44%, so of course the stock market shot up. The various companies real value hasn’t changed, it’s the currency that has dropped.
Same thing has gone on here, just slower. My estimates are another 40% drop in our currency over the next 9 years. That’s only about 3.6% a year. You’ll feel it, but only over time. And that’s the plan. And that’s why we won’t default.
This is the Great Crash, it’s just being manipulated in slow motion. The manipulators at the FED may get away with it too. No debtor wants to pull the plug on the USA, look how they have bent over backwards with tiny countries to avoid default.
Brilliant. Says it all.