Posted on 01/25/2017 7:35:16 PM PST by Tolerance Sucks Rocks
There’s a predictable checklist for meltdowns in socialist countries, and it’s playing out with tragic regularity in Venezuela.
Nationalize agriculture? Check.
Start government-enforced rationing when the food supply dries up? Check.
Seal the border when people try to flee to buy food elsewhere? Check.
The next step, and usually one of the last before total collapse, is runaway inflation. That’s what we’re starting to see in Venezuela.
Rapid inflation, called hyperinflation by economists when it gets really bad, is one of the deadliest poisons for any economy. The spiral is usually triggered when a government prints too much money to pay its debts, and prices start to rise. Once the people see this happening, they realize that their money will be worth less tomorrow than it is today. Every day they hold currency will make them poorer, so people spend as fast as they can. This is turn causes prices to rise still faster, which exacerbates the spending, and so on and so on until the currency is worthless.
(Excerpt) Read more at conservativereview.com ...
They only figure this out when republicans are president.
The eos for cog are socialistic and basically read like a soviet plan, and should be removed.
That’s what we’re starting to see in Venezuela.
We have been seeing runaway inflation in Venezuela for years.
PING!
My take too.
“We have been seeing runaway inflation in Venezuela for years.”
“We” have been seeing it, but the media was too busy investigating Donald Trump’s alleged verbal gaffes to notice it. It will be interesting to see what our new administration does with relation to Venezuela.
Well those other countries had the wrong people doing it wrong. /S
And it’s just WRONG to let all those RICH people keep their money when there are so many POOR people that need so much. Those RICH people are just going to put their money in a bank and sit on it or they are going to spend it on another house or yacht. /S
I’ve heard these arguments so many times they just wring in my head. Socialist just hate the rich. And people can’t understand that no matter what rich people do with their money it creates jobs. If they spend it they are buying something that somebody made. If they put it in a bank someone will borrow it to buy something. If they invest it somebody is using it to start a business or expand a business.
The stupidity of socialism is so obvious to me I just don’t understand its appeal
This is a stupid article by someone with no understanding of economics or the depth of the depravity in Venezuela.
A total waste of Freepers time to bother reading.
Like most of us, he knows that socialism leads to failure, but there are many steps leading up to that.
We continue to be in strong deflationary mode. Hyperinflation is not anywhere near the top 100 issues to worry about now.
And, click to see his photo... https://twitter.com/loganalbright73
This story should have been published a year ago. It was just everywhere else.
Where was this story whilst Obama was pResident and causing Venezuela meltdowns all over THIS nation?
This from a place that calls itself "CONSERVATIVE" ?
And no, I didn't go to the site to read the whole thing, since I refuse to give it a bump.
So you say that people with funky mustaches should not be trusted?
I wonder what his husband thinks of his article. *snicker*
Curious which assets are you seeing deflated currently?
Most foods have inflated the last 8 years, as have many basic goods. Tech deflates only as it is replaced with new tech. Stocks are up not down.
What measurements are you seeing deflation in? I’m curious because I would want to consider looking at them for investment.
It takes a powerful dictator to stop socialism before the total collapse. But powerful dictators like the socialism when they are in power. There has been only one who stopped the descent into socialism then stepped down and it took the Pope telling the pious Catholic Pinochet that it was time to retire and turn the country back over to its voters. Chile has been increasingly prosperous since.
People with an account titled “Log Anal Bright 73” cannot be trusted.
Whew! ... looks like some kind of sodomite to me ...
No. It WILL happen in the US. You can’t go $20 trillion in debt (not including unfunded liabilities which pushes it to $210 trillion) and expect happy days are here again.
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