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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 393.24+1.1%Dec 11 4:00 PM EST

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To: elmatador who wrote (114514)12/3/2015 3:57:00 PM
From: Snowshoe  Read Replies (3) of 218446
 
Don't cry for me Venezuela ...

Why Venezuelans Are Carrying Backpacks of Cash on the Streets
time.com

Terrible hyperinflation is ruining the country's economy, and could mean the end of Chavizista socialism in upcoming elections

This hyperinflation has become one of the most visible symbols of the crumbling economy of this South American nation, ruled since 1999 by the socialist alliance of the late Hugo Chavez. The currency crisis has vaporized people’s salaries and contributed to chronic shortages of everything from chicken to toilet paper. The political opposition, which has come together in the Democratic Unity coalition, has put the economy at the heart of its campaign for Congressional elections held on Dec. 6. Recent polls show it ahead by 15 points or more, putting it on a path to break the rule of the socialists, or Chavistas, in the National Assembly after 16 years.
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