"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Bankers Running Wild: Venezuela Edition
Submitted by A. Magnus on Wed, 2014-12-31 01:00
"Venezuela President Nicolas Maduro, set to announce a new currency system today, needs to devalue the bolivar or risk inflation passing 1,000 percent as soon as next year, according to Bank of America Corp. Under the current system, Venezuela’s overvalued bolivar means that the government effectively sells the dollars it gets from oil exports at a discount, compelling policy makers to print extra currency to cover domestic spending needs."
0
Your rating: None
- Login to post comments
User Login
Search This Site
Recent comments
-
https://www.infowars.com/posts/alert-col-macgregor-warns-dem...1 week 6 days ago
-
And of course, both of the author/commentators are Jews. No...2 weeks 1 day ago
-
Surprised to see Switzerland at only 32/100. Would've be...3 weeks 5 days ago
-
https://www.infowars.com/posts/johns-hopkins-says-gun-contro...8 weeks 1 day ago
-
An early Christmas present, it seems -- here, some 17 years...12 weeks 2 days ago
-
Never Forget Building 7: https://www.infowars.com/pos...27 weeks 14 hours ago
-
Straight out of the communist playbook, as per Saul Alinsky...45 weeks 6 days ago
-
It's certainly a step in the right direction.1 year 1 week ago
-
They may be in control of someone else. But they are NOT in...1 year 2 weeks ago
-
More prescient than one would have realized after the experi...1 year 2 weeks ago
more