WAR on Terror. Will it engulf the Entire Middle East? Message Board

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Politics : WAR on Terror. Will it engulf the Entire Middle East?

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Dec 10 4:00 PM EST

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To: warren789 who wrote (29033)	3/11/2013 12:12:30 AM
From: Hawkmoon	Read Replies (2) of 32591

Warren, Venezuela's official inflation rate is 22% now.. The Bolivar has been devalued 5 TIMES in the past decade, most recently by 1/3!!! Furthermore, nearly 70% of all goods, or the raw materials to make them, sold in Venezuela are IMPORTED.. Food shortages are common.. So tell us, once again, just how Chavez was so good for the country's poor? Anyone with basic understanding of economics knows that inflation devastates the purchasing power of the poor, most of whom are on fixed incomes (especially if they are employed in some gov't jobs program). And because the private sector has been gutted, they must rely upon imported goods, which have to purchased with that devalued currency. So this article is telling us that, on the black market, US Dollars are going for 3x the official exchange rate.. businessweek.com So tell us again how all of these policies and actions by Chavez's leadership benefited "the people".. I need a good laugh tonight.. Hawk

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