Article

2014-12-31 Caribbean-Latin America

Venezuela confirms recession, inflation hits 63 percent

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Posted by Steve White 2014-12-31 00:00|| || Front Page|| [11131 views ] Top

#1 Recession is the new term for collapse*.

Should have figured that out in the toilet paper crisis many months back.

* Not to be confused with slow recovery which means recession in the official Newspeak talk.

Posted by Procopius2k 2014-12-31 07:43|| 2014-12-31 07:43|| Front Page Top

#2 New Pope demands Western World share in this economic success story.

Posted by Bright Pebbles 2014-12-31 07:46|| 2014-12-31 07:46|| Front Page Top

#3 The work of Hugo continues--another stunning success for Communism (sarc).

Posted by JohnQC 2014-12-31 08:01|| 2014-12-31 08:01|| Front Page Top

#4 New Pope demands Western World share in this economic success story.

Hard work and thrift. There, we've shared it.

Posted by Besoeker 2014-12-31 08:04|| 2014-12-31 08:04|| Front Page Top

#5 In other news:
Maduro was arrested and later released after he slipped a hand written toilet paper note to the cashier at a local pizza parlor demanding $300.

Posted by bigjim-CA 2014-12-31 11:15|| 2014-12-31 11:15|| Front Page Top

#6 $300 sounds pretty cheap for a square of toilet paper, even autographed.

Posted by swksvolFF 2014-12-31 13:44|| 2014-12-31 13:44|| Front Page Top

#7 Venezuela's economic crisis is a consequence of 15 years of socialist policies and it is coming up with Snake Eyes.

Posted by Sonny Griling7108 2014-12-31 14:11|| 2014-12-31 14:11|| Front Page Top

#8 And the Chinese are handling Venezuela oil for a price, which included 300,000 BBL/day to service the loans Venezuela has with the Chinese.

However, with lower oil prices, Venezuela was facing possible default on its loans from China so loans are being restructured to prevent default. Ah, the socialist ~~hellhol~~e paradise that Hugo created. [Captain Cash Flow strikes again ---bwahahaha!]

Caracas restructures China oil-backed loans

Posted by Alaska Paul 2014-12-31 14:28|| 2014-12-31 14:28|| Front Page Top

20:32 Bill Clinton
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