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Venezuelan inflation rate nearing 100%.

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norseamd said:
Whether he was running good or bad policies at any certain point in his dictatorship at least Hugo seems to have had his sh*t together and could actually run Venezuela decently well without everything imploding like a fucking black hole.
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Uh, no, that's just wrong. Maduro is just continuing the Chavez stupidity. The downward spiral was well underway under Chavez, but it just got greatly accelerated by the drop in oil prices. Venezuela was able to stay afloat under Chavez because of the oil exports, but with the oil price drop their one main source of income got torpedoed.
 
eskimospy said:
Are we now. Venezuela has routinely had yearly inflation of 30%+ while the U.S. has had inflation well below our target for years:
http://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG

You would think that people being wrong about inflation in the U.S. for closing in on a decade now would either admit they were wrong or at least stop making the same wrong predictions out of embarrassment.

I mean how many more years of being wrong will it take?
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They've been wrong about trickle down economics, that tax cuts for the rich create jobs, that deregulated industries will police themselves, and pretty much everything else for 30+ years, seems to be no indication they'll fix that anytime soon.
 
PokerGuy said:
Uh, no, that's just wrong. Maduro is just continuing the Chavez stupidity. The downward spiral was well underway under Chavez, but it just got greatly accelerated by the drop in oil prices. Venezuela was able to stay afloat under Chavez because of the oil exports, but with the oil price drop their one main source of income got torpedoed.
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Yah I was just thinking about how the high price of oil years ago probably gave Hugo lots of benefits.
 
eskimospy said:
Are we now. Venezuela has routinely had yearly inflation of 30%+ while the U.S. has had inflation well below our target for years:
http://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG

You would think that people being wrong about inflation in the U.S. for closing in on a decade now would either admit they were wrong or at least stop making the same wrong predictions out of embarrassment.

I mean how many more years of being wrong will it take?
Click to expand...

You cannot predict it. It will just happen quick and it would surprise people.
 
eskimospy said:
Are we now. Venezuela has routinely had yearly inflation of 30%+ while the U.S. has had inflation well below our target for years:
http://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG

You would think that people being wrong about inflation in the U.S. for closing in on a decade now would either admit they were wrong or at least stop making the same wrong predictions out of embarrassment.

I mean how many more years of being wrong will it take?
Click to expand...

So Austerity worked. Thank you for admitting this openly. 🙂
 
glenn1 said:
Hugo Chavez reduced inequality. I'd argue the costs weren't worth it and the average Venezuelan is no better for it, but the rich got what was coming to them so there's that.
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You're smoking crack, the wealthiest Venezuelans left long before that. "Got what was coming to them", that's hilarious. :awe:
 
eskimospy said:
No, austerity was a miserable failure. Use your head instead of your heart when looking at economics.
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LOL So on one hand you want to insinuate that the economy is well off because "Look no rampant inflation" but then distance yourself from the policy that has steered this economy because it doesn't fit your ideological political beliefs.
 
Last edited:
I've noticed a very sharp increase of Spanish speakers over the last 6+ months here in Trinidad and Tobago.

I'm pretty sure they're Venezuelan, but I can't say if they're here legally or not.
 
Jodell88 said:
I've noticed a very sharp increase of Spanish speakers over the last 6+ months here in Trinidad and Tobago.

I'm pretty sure they're Venezuelan, but I can't say if they're here legally or not.
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So now were you born in T&T or are you naturalized or even just a resident?

How do you like T&T?
 
Hugo Drax said:
You cannot predict it. It will just happen quick and it would surprise people.
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It has never happened suddenly in any country that has had it. In fact, in every country, and in every instance, it was readily apparent well before the problem. The #1 issue is not printing money, it is a loss of confidence in the country, political system, leadership, economy, military, and people.

For that to happen here would mean a decline of many decades, not sudden.
 
norseamd said:
So now were you born in T&T or are you naturalized or even just a resident?

How do you like T&T?
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Born, raised, and still reside. 🙂

Apart form the crime mostly due to drug running (all Caribbean islands suffer from this) it's a very nice place.

Trinidad has the vast majority of the crime, Tobago is more laid back.

Born in Tobago, currently reside in Trinidad.
 
DucatiMonster696 said:
LOL So on one hand you want to insinuate that the economy is well off because "Look no rampant inflation" but then distance yourself from the policy that has steered this economy because it doesn't fit your ideological political beliefs.
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Austerity is not why we have low inflation.

Jesus. Don't you guys EVER get tired of being wrong about economics?
 
Zstream said:
You're right, its the feds printing press causing the issue. It's nothing to do with current economic policy... Lol
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The U.S. has had very low inflation in recent years. (Too low)

Regardless, monetary expansion and deficit spending can both cause inflation, it just doesn't happen in our current circumstances. Conservatives have been claiming otherwise for about seven years now, but being wrong all that time does not appear to have altered their opinion. (That's weird)
 
eskimospy said:
Austerity is not why we have low inflation.

Jesus. Don't you guys EVER get tired of being wrong about economics?
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So you are stating that austerity does not have the effect of contributing to deflation (i.e. low inflation) which means that using your statement one can state that it either it produces no inflation or contributes to inflation in vary degrees. So if the issue is a lack of inflation in the economy than by your own admission austerity does not contribute to a deflationary movement in the economy itself.
 
DucatiMonster696 said:
So you are stating that austerity does not have the effect of contributing to deflation (i.e. low inflation) which means that using your statement one can state that it either it produces no inflation or contributes to inflation in vary degrees. So if the issue is a lack of inflation in the economy than by your own admission austerity does not contribute to a deflationary movement in the economy itself.
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No, I'm saying we would have low inflation regardless of whether we implemented austerity or not. Austerity would just make it worse. That you guys still can't understand this after being wrong for seven years is baffling. At what point do you get embarrassed enough to change your minds?
 
DCal430 said:
Who cares, the real people of Venezuela are happy. They are better off than many Americans.
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It is so obvious you have never been to Venezuela. Most Venezuelans struggle daily to get the most basic food staples. They have been struggling for several years now and it gotten far worse since oil began dropping last year.
 
Hmm, this doesn't sound right. Must have been that Chavez should have a borrowed a lot more money and "invested" in a big ass stimulus plan since too little government spending is literally the only way Marxism can fail. Oh well, luckily for the Venezuelans it's never too late.

Londo_Jowo said:
It is so obvious you have never been to Venezuela. Most Venezuelans struggle daily to get the most basic food staples. They have been struggling for several years now and it gotten far worse since oil began dropping last year.
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His gold standard of happiness is the North Korean. Now, obviously Venezuelans aren't yet quite as deliriously joyful as the North Koreans who are literally too happy to bother eating, but at least the Venezuelans are moving in the right direction.
 
werepossum said:
Hmm, this doesn't sound right. Must have been that Chavez should have a borrowed a lot more money and "invested" in a big ass stimulus plan since too little government spending is literally the only way Marxism can fail. Oh well, luckily for the Venezuelans it's never too late.

His gold standard of happiness is the North Korean. Now, obviously Venezuelans aren't yet quite as deliriously joyful as the North Koreans who are literally too happy to bother eating, but at least the Venezuelans are moving in the right direction.
Click to expand...

Your stubborn refusal to learn basic economics is impressive if for no other reason than the tenacity with which you cling to dumb ideas.

Presumably you're trying to complain about stimulus in the U.S. and other similar countries. You would think that its success and the corresponding failure of austerity over literally a half decade period would make you reconsider your position. I guess that implies a level of rationality you are unable to muster though.
 
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