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.

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