Thursday, February 04, 2016

Long Predicted Fate Finally Coming to Venezuela...

Often early...
Chavez ruined the country but was at least able to paper over the destruction with his charisma.  Maduro won't be able to do the same.  This could the beginning of the end for Chavismo.
but never wrong...
President Maduro’s socialist government apparently has no strategy to deal with the impending catastrophe. It shapes up as one of the most appalling economic and fiscal collapses in world history.
and, as a bonus to those who have long understood that Venezuela followed a well-known path to its own destruction, we give you a classic maneuver of the state in economic death throes ...
Millions of pounds of provisions, stuffed into three-dozen 747 cargo planes, arrived here from countries around the world in recent months to service Venezuela's crippled economy.
But instead of food and medicine, the planes carried another resource that often runs scarce here: bills of Venezuela's currency, the bolivar.
The shipments were part of the import of at least five billion bank notes that President Nicolá s Maduro's administration authorized over the latter half of 2015 as the government boosts the supply of the country's increasingly worthless currency, according to seven people familiar with the deals.

Tuesday, February 02, 2016

How You Like Us Now, Occupy Losers?

From Occupy Wall Street to Beg From Wall Street.

Chicago Mayor Rahm Emanuel traveled to New York to meet with credit-rating companies after the city’s school district was hit by a third downgrade in a span of 15 days and didn’t complete a $875 million bond sale last week as its finances deteriorate.
The visit Monday came after the Chicago Board of Education postponed the securities offering on Jan. 27, saying some investors asked for more time to review it. Two days later, Moody’s Investors Service cut the board’s rating deeper into junk, citing its “increasingly precarious liquidity position and acute need for market access to support ongoing operations.” Fitch Ratings and Standard & Poor’s also downgraded CPS last month.
Hey wouldn't it be funny if Wall Street told hard-core lefties like Emanuel and the Chicago Teachers' Union to pound sand...if only in a "teachable moment" where we all learn (or should learn) the symbiotic relationship society has between those that invest resources and those that seek to employ those resources????