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Oct 11 2017

Applied Socialism: 2,300% Inflation in Venezuela

It doesn’t matter that the U.S. national debt has rocketed past $20 trillion (not counting unfunded liabilities) with no indication that spending will slow down in the foreseeable future, because the government can always just print more money to pay off what it owes, right?

Not exactly. Once again Venezuela offers a stark warning as to what awaits us if we continue down the path of ever-bigger government:

[T]he IMF is now estimating that Venezuela’s inflation rate will soar to 2300% in 2018. Of course, the IMF did have to put in some work to come up with this number, because Venezuela’s central bank gave up even trying to publish inflation data back in 2015. If you’re wondering how bad 2300% is, for or a point of reference, the Congo was number 2 on the IMF’s inflation scale and they are supposed to increase by 44% next year.

Resource-rich Venezuela is collapsing. People are starving. The murder rate is estimated to be over 17 times as high as America’s. Now the currency is becoming worthless, just as it did in socialist Zimbabwe.

Bernie Sanders and his many supporters want to do to the USA what Chavez and Maduro did to Venezuela. Or we could stay the course and get to the same point a little more gradually.

On a tip from Torcer.



  • Mr. Freemarket

    Basically you have to spend any money you receive today because tomorrow it is close to worthless.

  • hoagie111

    And just yesterday I heard that Ireland issued a stamp in honor of Che Guevara. How lovely!

  • Torcer

    How’s Socialism Doing in Venezuela?
    https://www.youtube.com/watch?v=CCIdm3cM6zQ
    Venezuela is falling apart. Its economy? Ruined. Its people? Hungry. Its government? Corrupt. What happened? In a word, socialism. Debbie D’Souza, a native Venezuelan and political activist, explains.
    Donate today to PragerU! http://l.prageru.com/2eB2p0h

  • Torcer

    Terrorist Bill Ayres Eulogizes Terrorist Che Guevara on the 50th Anniversary of Che’s Death
    “To us, Che was a symbol of boldness, intelligence, internationalism, self-sacrifice, solidarity and, as he said, “at the risk of appearing ridiculous,” love. Che rejected personal gain and privilege for the leaders in a struggle for a fair and just society; he lived as he asked others to live.”(Former Weatherman terrorist Bill Ayres, writing in The Nation. Oct 8th.)
    In fact, “Che Guevara’s house was among the most luxurious in Cuba,” wrote Cuban journalist Antonio Llano Montes about the mansion Che Guevara “nationalized” (stole at Soviet gunpoint from rightful owner and moved into) in January 1959.

    After a hard day at the office signing firing-squad warrants and blasting teenagers’ skulls apart with the coup-de-grace from his .45, Che Guevara retired to his new domicile just outside Havana on the pristine beachfront. Until a few weeks prior, it had belonged to Cuba’s most successful building contractor. Today, the area is reserved exclusively for tourists and Communist party members. Here’s the rest of the description of Che’s Havana mansion:

    ”The mansion had a boat dock, a huge swimming pool, seven bathrooms, a sauna, a massage salon and several television sets. One TV had been specially designed in the U.S. and had a screen ten feet wide and was operated by remote control (remember, this was 1959.) This was thought to be the only TV of its kind in Latin America. The mansion’s garden had a veritable jungle of imported plants, a pool with waterfall, ponds filled with exotic tropical fish and several bird houses filled with parrots and other exotic birds. The habitation was something out of A Thousand and One Nights.”
    [..]
    You see, amigos: most who have climbed to positions of authority in Castro’s regime did so as accomplices in mass-murder. In brief, all Castroite military and police officer candidates took their places as firing squad murderers, as explained by Soviet GRU officer Ciutat to the (probably) panting, salivating Che.
    https://townhall.com/columnists/humbertofontova/2017/10/11/terrorist-bill-ayres-eulogizes-terrorist-che-guevara-on-the-50th-anniversary-of-ches-death-n2393245

  • Torcer

    As I’ve heard it, things are so bad in the wondrous Utopia of Venezuela that people carry their cash around in backpacks and they don’t even bother counting the Bs. – they just weight it out whenever they can find something to purchase.

  • MAS

    This is when the barter system comes into play. Bullets beans and bandaids become worth more than gold. Alcoholic beverages and tobacco are also hot items from what I read…

  • Mr. Freemarket

    Just as Bill Ayers didn’t stick closely to facts when ghostwriting “Dreams of my Father” he don’t care much for facts when it comes to communist revolutionaries that he has a man-crush on.

  • Torcer

    Facts and reality are anathema to the national socialist Left.

  • Mr. Freemarket

    It’s all for the cause.

  • ICEvictim

    aww come on now. Everyone knows it’s just because they didn’t do it right. The commies in America are all over this. They are the only ones who know the right way to communist Nirvana. Just ask them.

    https://uploads.disquscdn.com/images/73d593822e4f6ce21c6e64f0410b02bcf03f8df057d4b98509ec0417a463dc0a.jpg

  • 127guy

    Where’s Sean Penn when you need him? Is he on the harassment list yet?

  • cieran58

    Venezuela- the poster child for end stage socialism. Given Chavez, and then Maduro the dictator, it couldn’t have ended any other way. You would think they could have learned from Cuba. https://uploads.disquscdn.com/images/5132ee647202b027ac904cc70e972e0a40ab5e2835d7986d24a66f6479da66e0.jpg

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