The venezuela disaster (cont.)

No matter how insanely bad things get in nicolas maduro’s Venezuela, they can always get worse.   The extent of the carnage can be seen in this just-published article at Agence France Presse, via

Venezuela’s sky-high inflation soared to 24,571 percent in the past 12 months, lawmakers said Monday.

President Nicolas Maduro’s socialist government controls most of the country’s economy and is in the midst of an ever-deepening crisis with food and medicine in short supply.

Analysts blame what they call mismanagement of a state-led economy. That includes its control over hard currency, as well as low oil prices.  Venezuela depends on crude oil for its earnings.

Meanwhile, the consumer price index in May surged 110.1 percent. It was the first time the index topped 100 percent in one month.

The International Monetary Fund has forecast that Venezuela’s hyperinflation will top 13,800 percent this year. Some lawmakers say that it could be worse: at least 100,000 percent and possibly 300,000 percent.

 Looking at those numbers, you would swear they must be made up.  But they are not. They’re all too real for the Venezuelan people.

This is the great socialist experiment foisted on them by hugo chavez, and now nicolas maduro.

The one clueless celebrities like Sean Penn and Danny Glover, among others, who think their acting success makes them valued political analysts, glowingly praise.

The one our mainstream media virtually never report on –  certainly not in terms of how great a failure Venezuela’s socialist government is,  Or how incredibly far it has fallen from its former status as, arguably, the most prosperous country in South America.

Is there any hope things will get better?   Not as long as meduro is able to keep rigging national elections, as he did earlier this year.

We can only hope for a maduro-less future someday. The present is without any hope at all.

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