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Venezuela About To Run Out Of Food Despite Fresh All Time High In Its Stock Market
Venezuela can be proud: while the US stock market has gone exactly nowhere in 2014, the Caracas stock exchange of the socialist paradise has continued kicking ass and taking names, just today printing a fresh all time high.
.. And the performance over the past year has been nothing short of breathtaking.
However, as everyone knows, there are trade offs to soaring stock markets in all socialist countries, be they paradises or not. By now everyone knows that Venezuela has had a rather systemic issue when it comes to procuring toilet paper, and from what we understand, the local population is still forced at times to wipe with stock certificates.
Alas, things are about to get worse. As a result of Maduro's recent policies which have Lenin, Stalin and Engels positive beaming from the grave, the country may soon add another shortage to its growing list of daily product in short, or no, supply. Food.
Bloomberg reports that Empresas Polar SA, Venezuela’s largest privately-held company, said in an e-mailed statement that foreign suppliers of food, packaging, and equipment have closed credit lines because of the government’s delays in giving the company dollars at official rate. Empresas added that dollar delays are now the longest since the introduction of currency controls in Feb. 2003.
In other words, with the country doing everything in its power to allocate dollars "fairly" (while making sure nobody has profit margins higher than 30%), very soon the biggest distributors of staples are about to run empty.
Oh well, at least they have their stock market and the "wealth effect"...
And now, in praise of socialist paradises everywhere, let's all sing along:
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The stackers mindset is isolation, they will not disclose their stack and will be very careful who knows about it. The idea that during the great reset this can be hidden is unlikely. Once the marauders figure this out the stackers will become targets. The community will not protect stackers who were not sharing their resources.
In short, when the great reset arrives, the isolation of the stackers insures they are the targets of the marauders.
It is just human nature.
sschu
Venezuela has followed the script of Atlas Shrugged really closely.
Did Maduro never read the Spanish translation? Was there a Spanish translation?
"Atlas Shrugged" is a piece of sophomoric nonsense promoted by greedy bankers and the New York Times.
socialism rocks
stupid fuckers
A country's culture comes from the people who created it. China is like it is because it is full of Chinese. Same with Japan, Africa, India, Argentina, Brazil. usw.
As soon as the food fights start things will escalate to molotov cocktails, then bullets. Starving people will attack the infrastructure and oil fields.
The fun will start when the water turns off and people can no longer flush their toilets.
This item is obvious propaganda. Good only for laughs. Since induced shortages of toilet paper are a favorite CIA trick, what we need are dogs trained to sniff out the stocks in CIA contracted warehouses.
Venezuela = capital consumption, reverting towards the natural state of poverty, ie, without toilet paper, & now food.