by Anthony B Sanders
The people of the once thriving country of Venezuela are suffering mightely. Although lower than the all-time high of 2,432.9%, the current annual inflation rate is 2,274,78%.
Compare Venezuela’s inflation with that of the USA which has 1.40 or 1.68% YoY, depending on your government measure of choice.
A survey by a top university found the average Venezuelan has lost nine kilogrammes (around 20 pounds) in the past year.
Venezuelan dictator Nicholas Maduro signalling “Twenty pounds lost .. without Jenny Craig.”
Views:
This situation is despicable and the US just keeps piling on. Sanctions will no doubt help all of the starving people in Venezuela. We are driving them into the arms of the BRICS nations by giving them no place else to go. More enlightened gunboat diplomacy no doubt.