GRAPH: Venezuela Price Inflation Hits A Staggering 5,067%

The people in Venezuela are suffering and the practice of money printing via socialism is to blame. Continue reading →

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Venezuela Inflation: Cup of coffee $110

Want a specialty cup of coffee in Venezuela? Get ready to pay over $100 for one cup. Continue reading →

Hugo Chavez daughter keeps money in U.S. as Venezuela burns

The misunderstanding about socialism is that not all people are poor. Some still become wealthy. Continue reading →

Good News, Venezuela’s Economy Going Into the Crapper

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One good thing in promoting a “fair economy” one can look at what they’ll get by looking at Venezuela. Everyone suffers together in the name of collectivism:

“Venezuela is projected to experience a deep recession in 2015 and 2016,” the IMF said Tuesday in its World Economic Outlook. The country’s real gross domestic product probably will contract 10 percent this year and 6 percent in 2016, it said.

Inflation in Venezuela, already the fastest in the world, will average 159 percent in 2015 and increase to 204 percent next year, the IMF said.

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H/T Bloomberg Business

Price of an iPhone 6 in Venezuela

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In America, famous people like Michael Moore and Sean Penn will tell you how much the U.S. needs to adopt Venezuela’s political/economic system.

Unfortunately for them there is this thing called the media and they keep track of Venezuela’s dire situation. Continue reading →