Comments on: Your Currency Has Just Been Devalued By Half What Do You Do? http://recessionreadyamerica.com/2010/01/your-currency-has-just-been-devalued-by-half-what-do-you-do/ News and Information for a Down Economy Wed, 18 Jan 2012 23:17:37 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: RecessionReady http://recessionreadyamerica.com/2010/01/your-currency-has-just-been-devalued-by-half-what-do-you-do/comment-page-1/#comment-206 RecessionReady Wed, 20 Jan 2010 21:34:30 +0000 http://recessionreadyamerica.com/?p=1390#comment-206 Haha, ya Chavez is always great for some outrageous quotes. Haha, ya Chavez is always great for some outrageous quotes.

]]> By: SoYouThink http://recessionreadyamerica.com/2010/01/your-currency-has-just-been-devalued-by-half-what-do-you-do/comment-page-1/#comment-203 SoYouThink Tue, 19 Jan 2010 05:04:21 +0000 http://recessionreadyamerica.com/?p=1390#comment-203 Are you still following this story? It keeps getting better and better. I summarized the latest happenings here: http://soyouthinkyoucaninvest.blogspot.com/2010/01/hugo-chavez-mickey-mouse-presidente.html Are you still following this story? It keeps getting better and better. I summarized the latest happenings here: http://soyouthinkyoucaninvest.blogspot.com/2010/01/hugo-chavez-mickey-mouse-presidente.html

]]> By: RecessionReady http://recessionreadyamerica.com/2010/01/your-currency-has-just-been-devalued-by-half-what-do-you-do/comment-page-1/#comment-189 RecessionReady Tue, 12 Jan 2010 04:35:36 +0000 http://recessionreadyamerica.com/?p=1390#comment-189 You're absolutely right! Venezuela is in for the whole spectrum of communist revolution. The latest story is Chavez has issued strict price controls. Anyone caught raising prices will be "taken over" http://thelibertyguardian.com/2010/01/chavez-orders-national-guard-to-enforce-new-price-controls/ Inflation for them last year was 25%, the devaluation is set to raise it another 5%. I'm guessing his next move will be to resort to war with a neighboring country. You’re absolutely right! Venezuela is in for the whole spectrum of communist revolution. The latest story is Chavez has issued strict price controls. Anyone caught raising prices will be “taken over”

http://thelibertyguardian.com/2010/01/chavez-orders-national-guard-to-enforce-new-price-controls/

Inflation for them last year was 25%, the devaluation is set to raise it another 5%. I’m guessing his next move will be to resort to war with a neighboring country.

]]> By: SoYouThink http://recessionreadyamerica.com/2010/01/your-currency-has-just-been-devalued-by-half-what-do-you-do/comment-page-1/#comment-188 SoYouThink Tue, 12 Jan 2010 04:29:56 +0000 http://recessionreadyamerica.com/?p=1390#comment-188 I believe this is what Mises referred to as a crack up boom. First comes the crack up (flurry to buy assets) then goes the boom (dead economy). Chavez is a damn fool and anyone who has been paying attention to what he has been doing knows that he his policies will lead to the eventual collapse of Venezuela. It's the easiest "sell" in the world today. I am sure there are many intelligent, well educated Venezuelans so sorry for any offense but when you elect an idiot like Chavez then it should not be surprising that people respond to a collapse of the economy by buying TVs. Those people are in for a world of hurt but they brought it upon themselves. I suspect that the wealthy are fleeing if they have not already left. I believe this is what Mises referred to as a crack up boom. First comes the crack up (flurry to buy assets) then goes the boom (dead economy).

Chavez is a damn fool and anyone who has been paying attention to what he has been doing knows that he his policies will lead to the eventual collapse of Venezuela. It’s the easiest “sell” in the world today. I am sure there are many intelligent, well educated Venezuelans so sorry for any offense but when you elect an idiot like Chavez then it should not be surprising that people respond to a collapse of the economy by buying TVs. Those people are in for a world of hurt but they brought it upon themselves. I suspect that the wealthy are fleeing if they have not already left.

]]>