10-Oct-18 World View -- China aids Venezuela as inflation rate exceeds one million percent

[John]

10-Oct-18 World View -- China aids Venezuela as inflation rate exceeds one million percent



Venezuela migration crisis continues to grow

** 10-Oct-18 World View -- China aids Venezuela as inflation rate exceeds one million percent
** http://www.generationaldynamics.com/pg/ ... tm#e181010


Contents:
China aids Venezuela as inflation rate exceeds one million percent
Venezuela migration crisis continues to grow


Keys:
Generational Dynamics, Venezuela, Hugo Chávez, Nicolás Maduro,
Angel Alvarado, International Monetary Fund, IMF,
Peru, Ecuador, Colombia, Chile, empanada

[Guest]

How likely is it that the US dollar will lose its reserve status and collapse?

[Guest]

Reboot the dollar.

[Silent Guest 1f]

Interesting that "Guest" immediately focused on America as did I. As a former stock trader, I have some economic knowledge. A high school junior could predict Venezuela's debacle. The picture of Maduro stuffing his fat face is a clue to his wrong-headed deal with China. With China, there are no strings but garrottes. Of couse, Maduro will grow more obese while peasants flee.
Make no mistake. The now passe' Wall idea is not doable. Nothing but take-no-prisoners military protection on both our land borders will staunch the invader flood. Job 2 is deporting ALL illegals.

[Silent Guest 1f]

Interesting that "Guest" immediately focused on America as did I. As a former stock trader, I have some economic knowledge. A high school junior could predict Venezuela's debacle. The picture of Maduro stuffing his fat face is a clue to his wrong-headed deal with China. With China, there are no strings but garrottes. Of couse, Maduro will grow more obese while peasants flee.
Make no mistake. The now passe' Wall idea is not doable. Nothing but take-no-prisoners military protection on both our land borders will staunch the invader flood. Job 2 is deporting ALL illegals.

[solomani]

The second part of Maduro's magic formula was to raise the minimum wage by 3000%. Maduro has raised the minimum wage 24 times since 2013. I always have to blink my eyes in disbelief when I read stuff like this, since apparently Maduro and his Socialist acolytes are too stupid to understand that when you increase wages then you increase inflation proportionately. So that's one more reason why the inflation rate increase has been accelerating.

I think there is more truth in this than intended. Socialist governments are run by stupid people and maintained by stupid people.