Venezuela will remove five zeroes from the bolivar currency rather than the three zeroes originally planned, President Nicolas Maduro said on Wednesday, in an effort to keep up with inflation projected to reach 1 million percent this year.
The OPEC nation’s economy has been steadily collapsing since the 2014 crash of oil prices left it unable to maintain its socialist economic system that for years provided lavish subsidies while enforcing strict price controls.
Annual inflation in June topped 46,000 percent, according to the opposition-run Congress. The IMF said this week it could hit seven digits this year, putting it on par with the crises of Zimbabwe in the 2000s and Germany in the 1920s.
In the spirit of that “solution” to a monetary problem, I’m going to add several zeroes to all my ten dollar bills and be set for life! It’s apparently as simple as that.
This guy gives all the right people night sweats and stress diarrhea — this week was no different:
Mattis told the Senate Armed Services Committee that the U.S. has a deconfliction line with Russia to ensure that the two countries can communicate in order to avoid direct conflict with one another in Syria. He said that a group of “irregular forces” were in conflict with U.S. forces, and once it was ascertained that those forces were not Russian regulars, Mattis directed a counterattack.
“The Russian high command in Syria assured us it was not their people, and my direction to the chairman was for the force, then, to be annihilated,” Mattis said. “And it was.”
If you wanted to tell somebody what ingredients they’d need in order to cook up their own version of the Obama administration, the recipe would be “one cup obtuseness combined with one cup gullibility, stirred in thoroughly with a pound of arrogance.” Bake that for an hour and this is what you get…
The White House rhetoric in the past couple of weeks:
The Obama administration will technically see no problem: The White House said their position was “non-negotiable,” and the Castro regime rounded up dissidents before Obama could visit with them, all without negotiation.
At this rate, by the time Obama comes back the Castros will own Miami.
But on the plus side for the refugees, noted anti-capitalist Michael Moore’s invited them to stay at one of his homes (it’ll teach them that in the U.S. even leftists who loathe greed have multiple houses). Moore also called Michigan Governor Snyder “un-American,” which is a back-handed compliment coming from a guy who does nothing but bitch about how horrible America is.
American progressives aren’t looking to Greece as any kind of a warning sign — they’re observing what’s going on for lessons on wealth confiscation. This is why progressives need to be voted out of power in America, which, at a presidential level, I’m taking a “we’ll see” attitude with low expectations.
Like Putin and Ayatollah Khamenei, Raul Castro must know that he’s really got a big fish on the hook here:
Castro, in a meandering, nearly hour-long speech to the Summit of the Americas, ran through an exhaustive history of perceived Cuban grievances against the U.S. dating back more than a century—a vivid display of how raw passions remain over American attempts to undermine Cuba’s government.
Then, in an abrupt about face, he apologized for letting his emotions get the best of him. He said many U.S. presidents were at fault for that troubled history — but that Obama isn’t one of them.
“I have told President Obama that I get very emotional talking about the revolution,” Castro said through a translator, noting that Obama wasn’t even born when the U.S. began sanctioning the island nation. “I apologize to him because President Obama had no responsibility for this.”
In a remarkable vote of confidence from a Cuban leader, Castro added: “In my opinion, President Obama is an honest man.”
Castro and Obama were expected to meet later Saturday on the sidelines of the summit — the first substantial meeting between a U.S. and Cuban president in more than five decades.
Funny that Obama’s biggest fans (and vice versa) seem to be totalitarian thugs, socialist goons and communist dictators.
Did Obama tell Castro “if you like your revolution, you can keep your revolution”? If so, you’re finished, Castro!
John Kerry lied again this morning, but you knew that because his lips were moving:
“As I said, the prime minister is welcome in the United States at any time. We have an unparalleled close security relationship with Israel and we will continue to. President Obama has done more to ensure the security of Israel by the creation of Iron Dome, by the development of weapons that are specifically calculated to be able to deal with Iran’s nuclear weapon’s problem…[etc].”
In 2004, the idea for Iron Dome gained momentum with the installation of Brig. Gen. Daniel Gold as the head of the research and development bureau of the Israel Defense Forces (IDF). Gold was a strong backer of the antimissile project, even skirting army contracting regulations to secure financing. He also helped persuade key politicians to support the project.
Wow, Obama had a lot of global pull considering he was only a state senator from Illinois back then!