Death Throes for Venezuela
Belmont Club Guy Richard Fernandez pens "Death of a Nation" in re Venezuela.
I've been saying this for awhile...always early but never wrong, baby (OK, sometimes wrong).
Also, there was an article on Bloomberg.com the other day that Venezuela was stiffing the printing companies that are printing up planeloads of bolivar notes. Not good, at some point those guys will need to get paid or they'll cut Maduro off. No more printing money, in Venezuela's situation, and the economy will crater into a barter system.
Finally, there is alot of misery in Venezuela, but we should have ZERO sympathy. In fact we should cheer it. Chavismo is just another iteration of the inherently flawed organizing principle that is socialism, and we need constant reminders that it is a failure, lest we resurrect and maintain an enthusiasm for it in other parts of the world.
I've been saying this for awhile...always early but never wrong, baby (OK, sometimes wrong).
Also, there was an article on Bloomberg.com the other day that Venezuela was stiffing the printing companies that are printing up planeloads of bolivar notes. Not good, at some point those guys will need to get paid or they'll cut Maduro off. No more printing money, in Venezuela's situation, and the economy will crater into a barter system.
Finally, there is alot of misery in Venezuela, but we should have ZERO sympathy. In fact we should cheer it. Chavismo is just another iteration of the inherently flawed organizing principle that is socialism, and we need constant reminders that it is a failure, lest we resurrect and maintain an enthusiasm for it in other parts of the world.
posted by Donny Baseball at 11:23 AM
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