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The Venezuelan Train Crash
Investor´s Business Daily, by Editorial

Original Article

Posted By:PageTurner, 2/12/2013 12:57:47 PM

Economics: Venezuela has devalued its currency, joining Iran, Argentina and others whose wars on math brought the same result. Some call this a "restorative." It´s not. It´s what happens when big government hits a wall. Venezuela´s monster 47% devaluation from 4.3 to 6.3 bolivars to the dollar, reportedly ordered by President Hugo Chavez from his hospital bed in Cuba, marks the reckoning for his regime´s big-spending ways in Venezuela´s low-growth economy. It was about as predictable as a crash from a runaway train, given his mad-lunatic war on economics — his lethal combination of welfare spending, destruction of the private sector

Comments:
Hugo has had a collision with ... math. Sound like any place you know?

      


Post Reply  

Reply 1 - Posted by: Pearson365, 2/12/2013 1:15:28 PM     (No. 9172304)

Correction. Should read "reportedly ordered by the late President Hugo Chavez from a hospital morgue in Cuba."

Hugo passed away weeks to months ago under CastroCare, the Spanish speaking version of ObamaCare. But in deference to Fidel, Hugo didn´t want his passing announced until after Cuba´s dictator passed through the gates of Hades. Fidel, Hugo and Raul Castro will then await the arrival of their mulatto brother, El Baracko, to complete the foursome.

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Reply 2 - Posted by: Salt5792, 2/12/2013 1:30:15 PM     (No. 9172349)

A monster devaluation will come to America before 2020. The population will be impoverished by this action.

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Reply 3 - Posted by: 3XALADY, 2/12/2013 2:03:11 PM     (No. 9172443)

This morning Glenn Beck said this is the first of the dominoes to fall. All countries will eventually go down, US included.

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Reply 4 - Posted by: Democracy First, 2/12/2013 3:28:49 PM     (No. 9172588)

2 and 3, you have obviously been paying attention , unlike so many Americans. . God help our country!!!

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Reply 5 - Posted by: reilly, 2/12/2013 3:40:35 PM     (No. 9172609)


November 2012: All aboard for Obama!


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Below, you will find ...

Most Recent Articles posted by "PageTurner"

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Most Recent Articles posted by "PageTurner"



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Posted By: PageTurner- 4/16/2014 9:58:36 PM     Post Reply
"The economy and the social aspects are indivisible to us," commented on Tuesday the Minister of Petroleum and Mining Rafael Ramírez. "We are moving towards the creation of a different system," he added. Regarding the government´s so-called economic offensive, Ramírez stressed their new approach will focus on "production sectors so as to produce our own supplies and food." "Our economy has been under attack, and we will not wait until next year to take action; on the contrary, we have created a new exchange system, we have opened up new ways to allow the inflow of dollars," he stressed. Ramírez underlined that Venezuela´s

   

 

  


 
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Posted By: PageTurner- 4/16/2014 9:54:57 PM     Post Reply
The new Los Angeles Register looks to have a column by TJ Simers teased on the front page as his triumphant return to LA, a column about LA movies by Kareem Abdul-Jabbar on the local page, and a front-page piece on why the Register is expanding into Los Angeles. The sections above were posted to Twitter by Register staffers, along with pics of them observing the presses with a bottle of bubbly in the picture. The website is up and has restaurant critic Brad A. Johnson telling us the five LA spots that he says are the hardest to get a

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Posted By: PageTurner- 4/16/2014 2:17:16 AM     Post Reply
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National Public Radio, by Bill Chappell    Original Article
Posted By: PageTurner- 4/14/2014 6:31:08 PM     Post Reply
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KANO, Nigeria – A child bride forced into marriage in Nigeria killed a groom and three of his friends with a poisoned meal, police said Thursday. Fourteen-year-old Wasila Umaru was married last week to 35-year-old Umaru Sani, according to assistant superintendent Musa Magaji Majia. Over the weekend, the groom invited a dozen friends to celebrate at his Ungwar Yansoro village, about 60 miles from the northern city of Kano. The teenager told police she bought rat poison at a village market and used it to prepare a dish of rice. "The suspect confessed to committing the crime and said she did it because she

   

 

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Posted By: PageTurner- 4/4/2014 1:39:09 PM     Post Reply
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