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Laelth

(32,017 posts)

78. If Venezuala is intentionally inflating its own currency ...

Mon Nov 11, 2013, 07:30 AM

Nov 2013

... why did they choose to do that? What did they hope to gain? Again, I assume they're intelligent and reasonable. They must have had a plan of some kind. What was their thinking?

Any insight you can give would be appreciated.

-Laelth

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Maduro government 'occupies' Venezuela electronics chain [View all] Zorro Nov 2013 OP

Fake 'official' rate 6.3 bolivars to the dollar, real rate 60 bolivars to the dollar. n/t PoliticAverse Nov 2013 #1

off-topic much? Novel style Nov 2013 #2

The numbers are from the article (apparently you didn't read it) and explains the problem. n/t PoliticAverse Nov 2013 #3

Everything - Maduro is a crook dbackjon Nov 2013 #5

welcome to DU gopiscrap Nov 2013 #11

Says the newcomer who didn't read the article. MADem Nov 2013 #25

The electronics is imported Yo_Mama Nov 2013 #38

looks like there was a hot sale at one of the Daka stores this morning Bacchus4.0 Nov 2013 #4

They're liberating those LCD TVs for the glory of the Bolivarian revolution Zorro Nov 2013 #8

The Maduro/Chavez legacy of looting lives on dbackjon Nov 2013 #9

I guess if you need electronics in Venezuela, get them now. These stores won't be restocking hughee99 Nov 2013 #6

Don't you people understand? EX500rider Nov 2013 #7

I'm looking forward to seeing christx30 Nov 2013 #15

Chinese merchants can open up stores and sell directly. That's where it's made. freshwest Nov 2013 #104

Why don't they just go full bore, everyone gets the same wage- snooper2 Nov 2013 #10

That guy is crazy and dangerous. mecherosegarden Nov 2013 #12

Looks like a certain CEO failed to tithe... Dreamer Tatum Nov 2013 #13

Live TV of announcement Roy Rolling Nov 2013 #14

hmmm LiberalLovinLug Nov 2013 #16

So you're ok with the Maduro govt. basically stealing Ranchemp. Nov 2013 #17

Throwing them in jail? LiberalLovinLug Nov 2013 #20

Not the owners, Ranchemp. Nov 2013 #21

"Strong man dictator." You do know that Maduro was elected, just like his predecessor, right? Comrade Grumpy Nov 2013 #90

Just my opinion. Ranchemp. Nov 2013 #93

But why make dramatic arrests? Why not pass laws on price fixing, anti-monopoly, etc.? freshwest Nov 2013 #105

That's a good question. Ranchemp. Nov 2013 #109

Unless the alliance with China will now get preference in government run stores. freshwest Nov 2013 #110

You mean instead of giving billions in subsidies to oil companies? But we wouldn't be an oligarchy valerief Nov 2013 #22

I wonder about that at times, too. People vote for those who do that, as it maintains their jobs. freshwest Nov 2013 #106

And now the owners christx30 Nov 2013 #24

"they import at low percentages and then sell for 6x higher." So why didnt the government just open cstanleytech Nov 2013 #34

Or somebodye else? Igel Nov 2013 #64

Or put up tariffs, or enact windfall taxes to discourage the practice? n/t freshwest Nov 2013 #101

Or provide businesses the dollars the need to buy goods? hack89 Nov 2013 #111

This isn't a socialist website. nt. delta17 Nov 2013 #18

Apparently freepers think it is, as so many swarm here to fight leftists. n/t Judi Lynn Nov 2013 #69

we do our best at mirt to stop them. hrmjustin Nov 2013 #74

People who have a difference of opinion are now freepers? Ranchemp. Nov 2013 #112

If American socialists are going to point to Venezuela sufrommich Nov 2013 #19

Scandinavian examples are popular with many, though. freshwest Nov 2013 #107

Are ou ok with what the government did? hrmjustin Nov 2013 #23

Maduro, his thugs, and the police are criminals. If you think supporting them is "socialist" your MADem Nov 2013 #26

Thread winner! n/t Yo_Mama Nov 2013 #39

Well, tha's settled then. MADem pronounced; it must be true. Comrade Grumpy Nov 2013 #91

More believable than those that constantly Ranchemp. Nov 2013 #94

Well, it is true, and it would be true even if I didn't "pronounce" it. MADem Nov 2013 #96

Left-wing extremism benh57 Nov 2013 #27

A few of the old far-left radicals are still out there. Archae Nov 2013 #28

except... Jackal87 Nov 2013 #41

Of course. But Nader's a has-been. Archae Nov 2013 #42

plus Jackal87 Nov 2013 #99

Thanks for that. Very telling. And depressing, too. freshwest Nov 2013 #100

please stop repeating this crap pothos Nov 2013 #43

Give up that pathetic crap. n/t Comrade Grumpy Nov 2013 #92

Oh here they come. Salivating at headlines Ash_F Nov 2013 #29

we need more price fixing feathateathn Nov 2013 #30

Very interesting. Laelth Nov 2013 #31

I think VZ has the home grown talent they need to mismanage their economy hack89 Nov 2013 #32

I suspect they are as intelligent as we are. Laelth Nov 2013 #33

So Maduro has the power to take over whatever he wants Dreamer Tatum Nov 2013 #35

I have no idea what you're talking about. Laelth Nov 2013 #46

Just like all those intelligent people on Wall Street hack89 Nov 2013 #37

Precisely. n/t Laelth Nov 2013 #47

No, it's just that the people are trying to exit their currency Yo_Mama Nov 2013 #40

I am very curious, here. Laelth Nov 2013 #45

When you have rapid inflation Yo_Mama Nov 2013 #51

OK. I don't deny any of what you posted. Laelth Nov 2013 #58

They are inflating their currency - we have nothing to do with it Yo_Mama Nov 2013 #60

If Venezuala is intentionally inflating its own currency ... Laelth Nov 2013 #78

Yo mamas first link explains it very well. nt hack89 Nov 2013 #82

I read that. Laelth Nov 2013 #83

The VZ government is restricting how many dollars their citizens can legally obtain hack89 Nov 2013 #84

Thanks for the thoughtful response. n/t Laelth Nov 2013 #85

It's the combination of deflating the currency and other measures Yo_Mama Nov 2013 #86

That makes sense. Thank you. n/t Laelth Nov 2013 #87

I assume the same thing that everyone else thinks when they do this Yo_Mama Nov 2013 #88

Wow! Great post. Thanks. n/t Laelth Nov 2013 #89

pressure on government finances after President Hugo Chavez's heavy campaign spending last year seveneyes Nov 2013 #80

Something doesn't add up Fastcars Nov 2013 #63

There is an old joke... PoliticAverse Nov 2013 #77

Absolutely true. Laelth Nov 2013 #79

government not involved in creating these shortages seveneyes Nov 2013 #81

Venezuelan government policies cause shortages Socialistlemur Nov 2013 #95

Spot on. Ranchemp. Nov 2013 #98

President Obama should do that to health insurance and pharmaceutical companies in the US. nt Zorra Nov 2013 #36

Document Evidences Destabilization Plan Against Venezuela ronnie624 Nov 2013 #44

Eva Golinger is a paid VZ government mouthpiece hack89 Nov 2013 #48

US corporate media are government mouthpieces. ronnie624 Nov 2013 #49

Which is why we do not trust government shills regardless of ideology. nt hack89 Nov 2013 #50

It isn't a matter of "trust", for me. ronnie624 Nov 2013 #53

There is no doubt that VZ is circling the drain hack89 Nov 2013 #62

Go figure. Most democrats find corporatist ideologue shills to be the most annoying and dangerous. Zorra Nov 2013 #59

Shills are shills hack89 Nov 2013 #61

Where is your evidence for that claim? n/t Judi Lynn Nov 2013 #68

Eva Golinger? Ranchemp. Nov 2013 #52

Do you have something more convincing than simple character assassination? n/t ronnie624 Nov 2013 #54

She's about as believable as Fauz Snooze. Ranchemp. Nov 2013 #55

Okay, so she's a journalist who supports socialism in Venezuela. ronnie624 Nov 2013 #56

She's a paid mouthpiece for the Ven. govt. Ranchemp. Nov 2013 #57

She is paid by the government. Nt hack89 Nov 2013 #65

Where's your evidence for that charge? n/t Judi Lynn Nov 2013 #67

She works for a newspaper financed by the government, and is a paid foreign advisor. nt msanthrope Nov 2013 #72

So the NY Times pointed its gnarly, dirty fingers at Eva Golinger! Judi Lynn Nov 2013 #71

Be good enough to post your evidence regarding "that paid mouthpiece shill." n/t Judi Lynn Nov 2013 #70

Already did, Ranchemp. Nov 2013 #75

Eva Golinger is a government employee Socialistlemur Nov 2013 #97

Not news, nor a secret. Standard reactionary practice. The GOP applies it in the USA. freshwest Nov 2013 #108

Venezuela arrests looters, store bosses in 'economic war' Eugene Nov 2013 #66

Maduro would be a joke if this wasn't so damaging to the economy... Pterodactyl Nov 2013 #73

Not all Venezuelans agreed with this dookers Nov 2013 #76

The real poor is where the government's enery should be spent. Not on TVs. The whole story is weird. freshwest Nov 2013 #102

Question: Socialist democracies are funded by progressive tax rates and enacted by public ownership freshwest Nov 2013 #103