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Post by Evil Yoda on Nov 9, 2013 15:47:50 GMT -5
... well, okay, not if you own the Daka chain. But, sure, if you want cheap merchandise, then all you gotta do is toss a few evil owners in jail and steal their stuff! Right here in the western hemisphere we have a cautionary tale and yet, there are still people who think socialism works. Story here |
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Post by rocketwolf on Nov 9, 2013 17:22:49 GMT -5
Shhhh If Obumble sees that he will figure it's finally socialism done "right"
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Post by dsummoner on Nov 9, 2013 17:49:03 GMT -5
"That this is the absolute idiocy of any socialist regime in its final, pre-hyperinflation dying throes is well-known to anyone who had the privilege of visiting Eastern Europe just after the collapse of the USSR. However, for the Millennial generation it should serve as a harbinger of things to come to every socialist country that thinks it can rule by central-planning ordain, through a monetary politburo, and is absolutely certain can contain inflation in "15 minutes" or less."
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Post by douger on Nov 9, 2013 18:55:39 GMT -5
... well, okay, not if you own the Daka chain. But, sure, if you want cheap merchandise, then all you gotta do is toss a few evil owners in jail and steal their stuff! Right here in the western hemisphere we have a cautionary tale and yet, there are still people who think socialism works. Story hereAh, the stuff only stays cheap until they run out. |
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Post by douger on Nov 9, 2013 19:00:10 GMT -5
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Post by Evil Yoda on Nov 9, 2013 19:18:20 GMT -5
"Ministry of Supreme Social Happiness" = Minihappy  |
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Post by Moses on Nov 9, 2013 20:01:55 GMT -5
Where do you guys find this stuff?
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Post by Deleted on Nov 9, 2013 20:54:20 GMT -5
Hmmm...what will they throw to the mob when all the electronics stores are gone? Any smart Venezuelan business person would be liquidating and getting the heck out of the country ASAP.
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Post by Evil Yoda on Nov 9, 2013 21:16:21 GMT -5
Where do you guys find this stuff? It's called "news". You can find it all over the web. |
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Post by zenwalk on Nov 9, 2013 21:39:42 GMT -5
Not sure if this is so much a socialism story than it is an $8,500 washing machine story.
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Post by Evil Yoda on Nov 9, 2013 21:49:14 GMT -5
Not sure if this is so much a socialism story than it is an $8,500 washing machine story. If you read the article, the sellers claim this is because Venezuela's government plays games with the currency. |
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Post by douger on Nov 9, 2013 22:04:24 GMT -5
Not sure if this is so much a socialism story than it is an $8,500 washing machine story. How do you think washing machines got to be $8500 in Venezuela? History is replete with examples of price controls doing the exact opposite they were intended to do. Ask Richard Nixon. |
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Post by rocketwolf on Nov 9, 2013 22:09:18 GMT -5
Not sure if this is so much a socialism story than it is an $8,500 washing machine story. Washing machines only cost that much when currencies are manipulated, from taxes or government tariffs on imported goods. |
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Post by howarewegoingtopay on Nov 10, 2013 7:55:11 GMT -5
Not sure if this is so much a socialism story than it is an $8,500 washing machine story. So you missed the part about the official inflation and exchange rate, and the real one? That would have been an 800 dollar machine. |
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Post by zenwalk on Nov 11, 2013 12:02:08 GMT -5
Inflation does not require socialism. In fact, unbridled capitalism via our very own Wall Street caused the worst international financial crash in history in 2008.
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Post by rocketwolf on Nov 11, 2013 12:06:45 GMT -5
That was Wall St shenanigans not inflation by government printing too much money.
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Post by Deleted on Nov 11, 2013 12:24:42 GMT -5
Maybe these people could help out. "We demand the creation of a healthy middle class and its conservation, immediate communalization of the great warehouses and their being leased at low cost to small firms, the utmost consideration of all small firms in contracts with the State, county or municipality."
Guess who came up with that one?
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Post by Deleted on Nov 11, 2013 12:26:09 GMT -5
That was Wall St shenanigans not inflation by government printing too much money. In all fairness, Quantitative Easing is inflating a bubble in equities that is largely benefiting fat cat bankers. When said bubble pops, guess who will be asked to hold the bag? |
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Post by rocketwolf on Nov 11, 2013 14:59:07 GMT -5
Our government thinks it can deflate the stock market bubble
instead of having it pop.
I give them 50-50 odds at best, 1 in 100 if Obumble gets involved.
If Congress gets its oar in then its KAPOW
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Post by Deleted on Nov 11, 2013 15:00:18 GMT -5
Our government thinks it can deflate the stock market bubble instead of having it pop. I give them 50-50 odds at best, 1 in 100 if Obumble gets involved. If Congress gets its oar in then its KAPOWGood call. |
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Post by Deleted on Nov 11, 2013 15:29:04 GMT -5
If the Fed stops QE and interest rates rise to 4% or 5% (or even higher) then what happens to service payments on the federal debt?
They skyrocket.
There is a very realistic possibility that yearly interest payments on the debt become the biggest item in the budget. Like a trillion dollars a year big.
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