Another country run by someone I am sure Obama and so many Team Blue members love, is devaluing their currency because of the bullshit spread the wealth nonsense they have been up to, and the people are once again getting shafted.
Panic buyers thronged Venezuelan shops over the carnival weekend after the government of Hugo Chávez announced a surprise devaluation that analysts said was overdue but would only partly right the listing economy.
Domestic appliances such as fridges and cookers were in particularly high demand as Venezuelans snapped up goods imported at the now defunct exchange rate of 4.3 bolívars per dollar. From now on they will be imported at 6.3 bolívars per dollar.
Opposition politicians seized on what is Venezuela’s fifth devaluation since strict currency controls were introduced in 2003, criticising the socialist government for springing an International Monetary Fund-style adjustment package on the country, and quietly announcing it on Friday while people headed for the beach over the holiday.
There are so many lessons here. Nanny staters, in defiance of the laws of economics and human nature, pretending to be on a quest to spread the wealth and help the downtrodden, institute massive regulation and insane rules to “control” the uncontrollable, then scramble to keep the house of cards from collapsing even faster while trying their best to hide the fact that what they are doing is more damaging than anything they where pretending to be fixing. This will not be the only devaluation either. These things tend to be chained and tied to massive and crippling inflation.
I bring this up because our nanny staters in charge are doing much of the same bullshit that happened in Zimbabwe, Argentina, and Venezuela, making the term “banana republic” very appropriate for our situation here in the US. You can not spend like the collectivist vote buyers want to spend, tax like they want to tax, and most horrible of all, micromanage to force outcomes they would like, like they micromanage. The collectivist cult might have convinced the envious, lazy & greedy, and stupid that they mean well, but what they are doing always ends up the same way. They destroy wealth and wealth creation, set economies and employment back, cause massive devaluation of asset value through currency devaluation or inflation, discourage savings of any kind, and in general only benefit an elite group of people that pretend really hard they are sacrificing for the common good. The only thing they can really deliver is shared misery for the serfs.
The problem with collectivism is that it tries to control outcome against the laws of economics, human nature, and life in general. But collectivists, despite over a century of proof that this stuff, sooner than later, ends badly, refuse to accept these simple facts. That’s why they keep telling us that their ideas have never been executed correctly or by the right people, instead of accepting that their ideas are just going to result in chaos and pain, no matter how well intended. They glom onto early success and never see long term effects or consequences to their policies.
Remember when they told us California was what we all should want to be aspiring to emulate? Free shit for everyone, including the horde of illegal aliens, insane taxes on the productive, promises of insane pensions & benefits, unfunded of course, that would have to be paid out for decades, and destructively stupid green regulations that strangled the economy at first seemed reasonable and good. Not so much these days. BTW, I recommend anything written by VDH, whom has been at ground zero and warning this was coming for decades now.
These days they tell us to look at Sweden. Give them time until the Norwegians run out of oil, then see how well they will be doing. They will all end up like Greece. And so will we here in the US. You eventually run out of other people’s money, especially when you try your best to prevent the other people from making any money.
So that brings me back to Venezuela. I had the good fortune to spend almost 6 months living there back in the early 80s. It was the most prosperous country in South America at the time. Sure it was not perfect, but then again, perfect doesn’t exist on this world anywhere. I have friends there. They used to make fun of the banana republics back in the day while complaining about their government. These days they are the banana republic and they live in fear of retaliation if they say anything their government doesn’t like. Their economy is non existent, scarcity of items and a glut of empty promises and leftist prattle is the norm, crime is so widespread that the wild west looks peaceful by comparison, those that have, have because they are connected to the government, corruption that makes them pine for the shenanigans of the 80s is the name of the game, and the future looks bleak. And things keep getting worse.
Whoop it up while it lasts. Our kids and their kids can pay for the collectivists and what they have done to us. We already blew a cold trillion on this same shit and got nothing from it because all of it went into the pockets of the connected: donkey friends, special interests, politicians, and lobbyists. This time it will make a difference though, huh? What’s this? Like the 15th time he pretends to want to fix the jobs market, but then does absofuckinglutely nothing that would do anything of the sort? In fact, whatever they have done has had the exact opposite effect. From new taxes to Obamacare, these recent donkey regs and rules changes have had devastatingly negative consequences on the job market. Fool me once….
Practice your spanish: “Somos todos ciudadanos de una republica del tercer mundo! Viva la revolucion collectivista y la miseria que siempre sigue.”.