OldSouth: 32% Devaluation In Venezuela Spurs Panic Buying

Monday, February 11, 2013

32% Devaluation In Venezuela Spurs Panic Buying

Remember, dear readers, one and all: Obama and Company really really really like Chavez and Chavismo.

OS shares this with you as a means of, well, mental preparation for what may yet transpire for us.

Five devaluations since 2003, 20% inflation, and it's oil exporting industry on the ropes.

The sweet, cloying, aroma of socialist success.

Forward!!

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Since he tends to rant at times about things economic, OldSouth wishes to remind you that he is the last person on earth you should look to for economic advice, and he sure as shootin' is not handing any out, in any form, directly or indirectly. He's doing well to keep his own enterprise together, and has no wisdom to offer about yours.

If you read something here, and are inspired to buy or sell something, or launch a new business, or get married or divorced, or whatever, and things don't work out well, OS is not to blame. You probably are; but sometimes, things just don't work out like we plan. Don't ask the old boy how he knows this. He has ugly tales to tell. You don't want to know.

If you are inspired to do something because of something you read here, and something happy results, feel free to tell your friends and neighbors.

If you can't understand this plain language, you need to be doing something else with your time anyway, like earning your GED.

And, by the way, OS does assert his copyright on his work. If you quote him, he's flattered, just give him the credit. Be polite, remember that Golden Rule thing, and we'll all be fine.

OldSouth

Monday, February 11, 2013

32% Devaluation In Venezuela Spurs Panic Buying

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