Isn't Communism a wonderful thing.

[Anonymous]

http://www.dailymail.co.uk/news/article-6077519/Venezuelans-nervously-await-dramatic-economic-reforms.html">Venezuela lops five zeroes off its bolivar bank notes as part of economic reforms that will raise minimum wage by 3,000 per cent and increase petrol prices as socialist regime tries to curb rampant hyperinflation



Venezuela's economic crisis could see inflation hit 1million per cent this year, making paper money effectively worthless

Nicolas Maduro has announced a new currency, the sovereign bolivar, which will lop five zeroes off the old currency in an attempt to tackle the problem

He also wants to raise minimum wage by 3,000 per cent and hike petrol prices

But economists have warned that none of these measures tackles the underlying problems and will likely make the crisis worse



That'll work



However, economists have warned the measures amount to little more than a face-lift and do nothing to tackle the underlying problems that have crippled the country's economy.



https://www.blazingcatfur.ca/wp-content/uploads/2018/01/Maduro-Toilet-Paper-Commisar-620x342.jpg">

What a man made disaster.

[Bricktop]

Another worker's paradise that forgot the people are human beings.

[Anonymous]

Our provincial government is nominally socialist..



I just saw on our local news that unemployment has risen ten per cant among people working in service jobs in line with rapid increases in the minimum wage.

[JOE]

Another worker's paradise that forgot the people are human beings.

And yet you have never proven that Venezuela is communist or has a communist government



You're just throwing a loose term around without any foundation BT

[Bricktop]

Yeah...I like to do that, Joe.



In fact, most of my posts are simply contrived bullshit with no factual basis to them at all. I'm the dumbest poster here. Ask Mel.



By the way, Joe...do you KNOW the name of the political party that supports the current "President" Maduro?



I'll give you a hint. It starts with the letter "S" and ends with the letter "T". And it's not "SHIT", although that us what the nation is turning into.

[Anonymous]

Venezuela offers cautionary tale





Earlier this week, the Venezuelan government devalued their currency the bolivar by a staggering 96%. Now residents will need to take massive stacks of bills to the store just to buy bread.



They have also pegged the bolivar to a new cryptocurrency called the "petro", which is not considered a stable financial tool.



The International Monetary Fund has estimated that inflation will hit a shocking 1,000,000% by later this year.



"President Nicolas Maduro can now claim that socialism has succeeded in making everyone millionaires," financial columnist Kenneth Rapoza quipped in a piece for Forbes.



This economic crisis has been brewing for a decade, first under controversial former president Hugo Chavez and now under his successor, Maduro.



While oil prices have gone up in recent years, Venezuela still can't pay its debt. They have defaulted on bonds and loans. Violence and crime is up across the country. People are fleeing the country, with an exodus of some 1.5 million in the past two years alone. This is causing strife throughout the region, as both Brazil and Ecuador strain to deal with an influx of Venezuelan refugees.



Meanwhile, Maduro continues to blame the United States and Cuba keeps sending money to back Marxist revolutionaries who keep the ongoing political and socioeconomic crisis alive.



Canada has been accepting a small number of refugees from Venezuela, several hundred annually for the past couple of years. But we recently denied visas to prospective visitors, presumably based on the fears those people planned to stay.



Prime Minister Justin Trudeau himself called the situation a "humanitarian crisis" back in June. He's right. But he and other public figures need to understand the root causes of this tragedy.



Which is socialism. It's a dangerously flawed and failed political idea, espoused from a growing number on the political left in North america, that you don't need to balance the books, that income redistribution can substitute for free enterprise.



It's the idea, taken to an extreme, that consistently leads to poverty and despair.



Both Trudeau and Jagmeet Singh offered praise for Cuban dictator Fidel Castro. and the likes of actor Sean Penn and filmmaker Michael Moore shamefully befriended and defended Chavez.



Enough with the illusions. Venezuela is a cautionary tale.

[Bricktop]

Venezuela is yet another shining example of socialist failure.



Where ARE those fan-bois that lauded Chavez now?

[Anonymous]

Venezuela offers cautionary tale





Earlier this week, the Venezuelan government devalued their currency the bolivar by a staggering 96%. Now residents will need to take massive stacks of bills to the store just to buy bread.



They have also pegged the bolivar to a new cryptocurrency called the "petro", which is not considered a stable financial tool.



The International Monetary Fund has estimated that inflation will hit a shocking 1,000,000% by later this year.



"President Nicolas Maduro can now claim that socialism has succeeded in making everyone millionaires," financial columnist Kenneth Rapoza quipped in a piece for Forbes.



This economic crisis has been brewing for a decade, first under controversial former president Hugo Chavez and now under his successor, Maduro.



While oil prices have gone up in recent years, Venezuela still can't pay its debt. They have defaulted on bonds and loans. Violence and crime is up across the country. People are fleeing the country, with an exodus of some 1.5 million in the past two years alone. This is causing strife throughout the region, as both Brazil and Ecuador strain to deal with an influx of Venezuelan refugees.



Meanwhile, Maduro continues to blame the United States and Cuba keeps sending money to back Marxist revolutionaries who keep the ongoing political and socioeconomic crisis alive.



Canada has been accepting a small number of refugees from Venezuela, several hundred annually for the past couple of years. But we recently denied visas to prospective visitors, presumably based on the fears those people planned to stay.



Prime Minister Justin Trudeau himself called the situation a "humanitarian crisis" back in June. He's right. But he and other public figures need to understand the root causes of this tragedy.



Which is socialism. It's a dangerously flawed and failed political idea, espoused from a growing number on the political left in North america, that you don't need to balance the books, that income redistribution can substitute for free enterprise.



It's the idea, taken to an extreme, that consistently leads to poverty and despair.



Both Trudeau and Jagmeet Singh offered praise for Cuban dictator Fidel Castro. and the likes of actor Sean Penn and filmmaker Michael Moore shamefully befriended and defended Chavez.



Enough with the illusions. Venezuela is a cautionary tale.

Are they really refugees? The country is in an economic meltdown for sure. But, the people fleeing for greener pastures, not for their lives.

[Bricktop]

The term "refugee" has been broadened by leftards to include fleeing economic hardship, nagging mother in laws, inclement weather and barking dogs.

[Anonymous]

The term "refugee" has been broadened by leftards to include fleeing economic hardship, nagging mother in laws, inclement weather and barking dogs.

They need our help.

[Bricktop]

And who are we to deny them sanctuary from their tribulations.



After all, its OUR fault they're in this mess...

[Anonymous]

And who are we to deny them sanctuary from their tribulations.



After all, its OUR fault they're in this mess...

Yep, it's not Chavez's fault.

[Anonymous]

The term "refugee" has been broadened by leftards to include fleeing economic hardship, nagging mother in laws, inclement weather and barking dogs.

The term has changed.

[Bricktop]

Changed by the socialist UN to facilitate more blacks and muslims invading white countries.

[Anonymous]

Changed by the socialist UN to facilitate more blacks and muslims invading white countries.

There should be a distinction between economic  migrants and genuine refugees..



Most of the irregular migrants crossing the border from the USA right now do not meet the definition of refugees.