MercoPress. South Atlantic News Agency
Venezuelan 12 month inflation reaches 35.2%; prospects of food rationing
With inflation in May reaching 6.1%, the highest monthly rate in 17 years, mostly because of the shortage of basic foods, some states in Venezuela are already planning food rationing fearing the situation could worsen. The Venezuela's Central Bank released the figure on Friday. Read full article
Comments
Disclaimer & comment rulesconcerned Argentines? you should be this is your future too :))
Jun 08th, 2013 - 07:13 am - Link - Report abuse 0News like these are music to my free market ears...
Jun 08th, 2013 - 08:56 am - Link - Report abuse 0Long live Chavism and Kirchnerism......Ha, ha, ha.
Argentina already has food rationing. Some of the price fixed items are limited to two units per family.
Jun 08th, 2013 - 09:00 am - Link - Report abuse 0Why could only some people see what is now inevitably happening?
Jun 08th, 2013 - 10:32 am - Link - Report abuse 0@4 In Argentina? Because the people are fed endless propaganda telling them how great and wonderful their country is and how they have never had it so good. People believe what they want to believe until faced with reality.
Jun 08th, 2013 - 11:00 am - Link - Report abuse 0In Venezuela? Well, for many of the people that lived in abject poverty there, their lives have improved. Just enough for them to be grateful and compliant. They don't care about the corruption or the future economy because the poor have to think in the immediacy. It is only when the food disappears that they take notice. Though, to be fair, an awful lot of Chavez supporters did NOT vote for Maduro; he knows because he has their names on a list.
Our neighbourhood Vea restricted the purchase of flour to two I kg bags the other day.
Jun 08th, 2013 - 11:20 am - Link - Report abuse 0It is a good think Maduro was “elected” if there is anyone with 2 brain cells in that country this should produce mass and bloody riots. Which set up the next guy pretty well.
Jun 08th, 2013 - 11:55 am - Link - Report abuse 0It will take a generation to fix what Chavez left behind
Same goes for Argentina.
Prepare for the delicious Ration-Burger, a meat coupon between two bread coupons. It is high fiber so Venezuela will save some toilet paper as well, perhaps enough to print more money!
Jun 08th, 2013 - 01:10 pm - Link - Report abuse 0I remember living through the UP years in Chile. Long lines in front of supermarkets with ration books. Allende promised low food prices, but many times there was no food, nor toilet paper...
Jun 08th, 2013 - 01:19 pm - Link - Report abuse 0Buying rancid cooking oil on the black market and bartering for sugar. Socialist paradise my arse...
Pssst, Sean. Hey, Sean!
Jun 08th, 2013 - 01:34 pm - Link - Report abuse 0That system your buddy Hugo put together is really making an impression on the world. You were right, you are a frickin' brilliant guy!
I wanna be a Chavista too!
What a disgrace of an economic system
Jun 08th, 2013 - 04:03 pm - Link - Report abuse 0How is it possible to be sitting on all that oil and get into a situation like this.
Jun 08th, 2013 - 04:30 pm - Link - Report abuse 0As they say in the Sci Fi shows, “does not compute.”
Greed and coruption.
Jun 08th, 2013 - 06:17 pm - Link - Report abuse 0Lets not forget stupidity, there is a lot of that in Argentina and Venezuela, for example, I don't know anyone who sinks their own warship in their own harbour, but they managed it.
Jun 08th, 2013 - 10:48 pm - Link - Report abuse 0Yes, rationing has also been going on in Argentina too. It's implemented by the stores who are forced to sell products for a negative profit.
Jun 09th, 2013 - 04:24 pm - Link - Report abuse 0The consumer knows this and will try buy as much as possible; (fueling the false concept of a booming economy.) The stores know this too and will only put out the mandatory amount of product per day/week, which leads to bare shelves.
Food glorious food,
Jun 09th, 2013 - 06:04 pm - Link - Report abuse 0Just in time for Cameron,
Watch out we don’t end up giving these two delinquent countries millions for extra food,
Our leader has billions to give away and on the look out …
.
Comment removed by the editor.
Jun 10th, 2013 - 02:49 am - Link - Report abuse 0The Brits, Europeans, and Americans talking about stupidity.
Jun 10th, 2013 - 06:43 am - Link - Report abuse 0They are heading straight to a spectacular bankruptcy that will cripple their nations for at least 3 generations, and they think they are so smart because their debt has not exploded on them yet (reason it hasn't is their “credit card” just has a higher debt limit).
What a bunch of idiotic simpletons.
Yeah I reread the article but for some unknown reason I couldn't see what Nostrils saw.
Jun 10th, 2013 - 09:43 am - Link - Report abuse 0I didn't see anything about impending hyperinflation in the UK, US or EU.
I didn't see anything about the shortage of basic foods in the UK, US or EU.
I didn't see anything about food rationing in the UK, US or EU.
I didn't see anything about stagflation in the UK, US or EU.
I didn't see anything about a shortage of foreign currency in the UK, US or EU.
I didn't see anything about currency devaluations in the UK, US or EU.
However I did see all of these things described about Venezuela.
So please Nostrils, tell me in your seemingly drunken and ranting haze at 3.43am why you felt the need to suddenly predict the spectacular bankruptcy of the US, UK or EU.
For someone seemingly so intelligent (as continually reminded to us all ad nauseum by yourself), why can't you see that the above problems that Venezuela is experiencing is not worse.
But then again, considering you can't argue, you will just race around each forum trolling without actually arguing.
What an awe inspiring use of your prodigious intelligence. I sure hope you regale your family and friends with the deft at which you befuddle and run rings around all us hapless foreigners on here.
Supposedly bankruptcy in the UK, US and EU will take 3 generations to recover from according to you.
Whereas Argentina which had a government debt of 165% of GDP took less than 10 years to recover from. Pity they peaked and started a decline to the next one already.
Just can't argue I tell you..... never could and seemingly never will.
@18 - Tobias
Jun 10th, 2013 - 12:02 pm - Link - Report abuse 0There is a difference between the UK, USA, EU and Venezeula, Argentina.
Yes there have been, and still are financial difficulties in all countries BUT in the UK, USA and EU the respective governments are actually addressing the problems, unlike the governments of Venezeula and Argentina who bury their heads in the sand and/or alternatively blame everyone else - including the people of their own country - for all the problems.
Who can forget Maduro blaming the people of Venezuela for the toilet paper shortage because they had the audacity to eat 3 meals a day.
@ 18 TroLLey_to_Truth
Jun 10th, 2013 - 02:41 pm - Link - Report abuse 0Your doom laden predictions are, of course, totally risible. Do you dream up these situations when Mummy has given you your cereal at breakfast time? I ask this because your postings are infantile droolings not the words of an intelligent person!
18 TroLLey_to_Truth ------- What is it with country's like Argentina and Venezuela you should all be basking in outright luxury yet none of your Governments ever seem to get it right. None of you deserve to be of the human race not one of you. To put it so even a simpleton can understand your all an utter disgrace and deserve to have your food rationed.
Jun 10th, 2013 - 03:15 pm - Link - Report abuse 018. Instead of your wishful thinking that the richest most powerful blocks of countries default why don't you think through what that would mean to the rest of the world.
Jun 10th, 2013 - 03:16 pm - Link - Report abuse 0If the USA defaulted what do you think would happen in China, South America and Europe?
What happens if the U$ became worthless?
What happens when the most productive country the world has ever seen stops producing?
What about if the USA couldn't supply the world with our excess food?
You are really a very stupid guy.
Over the past year your posts have become so full of hatred that they are now just pure fantasy.
There are plenty of books on what would happen if there was a catastrophic failure in the USA and none of it is pretty for the rest of the world.
You forget the only reason Chile, Brazil or China is not running Argentina is because we won't let them. It i certainly not your mighty military now is it? Or do you think it is just the good natured Chinese?
Gads you are dumb
They are heading straight to a spectacular bankruptcy
Jun 10th, 2013 - 07:22 pm - Link - Report abuse 0What a bunch of idiotic simpletons.
Yet he still cannot put a time, day , of date to these wonderful events ,
So is this just wishful thinking , envy or pure jealousy,
Then again it could just be indoctrinated hatred over everything they do not understand,
Who then are the simpletons.
He who predicts these events,
Or he who waits wishing for these events to happen,
Still,
Definitely not the British then lol..
.
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