Saturday, May 23, 2015

"La tragedia en Caracas": Our friends in Venezuela are dumping "el bolivar"

Like a tragic tele-novela, Venezuela is agony and more agony.   

Frankly, it's painful to watch, specially since many of us have friends down there.  

The latest episode is "el bolivar" or the national currency.  It has turned into a worthless piece of paper after so much inflation and mismanagement:
"Venezuelan currency was trading at around 420 bolivars per dollar Friday afternoon, according to the site. That was down from 300 bolivars per dollar on May 14 and 173 at the start of the year.
Many black market dealers paused transactions until the rate stabilized, but some Venezuelans said they had changed money at the 400 bolivar rate Friday.
It's not immediately clear what triggered the latest bout of panic buying and selling. But for many Venezuelans, who have lost faith in their currency, the dollar is the best way to protect themselves from inflation, which last year hit 68 percent and which economists say has already soared past the triple-digit threshold this year.
A Barclay Capital Inc. report issued Friday pointed to government expansion of the money supply as an underlying cause for inflation. The bank projected the Bolivar could dip as low as 600 to the dollar this year."
Incredible.   Some of us remember when it was 4.29 to the US dollar.  

It is amazing how misguided socialism, combined with charlatans like Chavez and Maduro, can destroy a country and its people.

P.S. You can hear my show  ( CantoTalk  ) or  follow me on Twitter   .

Tags: Venezuela and "the bolivar"  To share or post to your site, click on "Post Link". Please mention / link to the My View by Silvio Canto, Jr. Thanks!

Hey media: A very bad week for black lives in Baltimore (and gay rights in the Middle East)

(My new American Thinker post)

Senator Cruz fought back and I hope that other GOP candidates paid attention.

It's about time for the GOP to call out reporters who just want to talk about same sex marriage, birth control pills and "hands up don't shoot".   

In the meantime, ISIS is advancing in the Middle East and throwing homosexuals off the roof to their deaths.  They are determined to exterminate, yes I said exterminate, homosexuals, as we read in news reports:
"In its crusade against homosexuals, the Islamic State is now resorting to sting operations, using jihadists posing as gay men to coax out offenders and execute them."
Over in Baltimore, violence is rampant and black on black crime is out of the control.    Last night, Geraldo Rivera nailed it:  

"Earlier today, Baltimore registered the 100th homicide this year. Baltimore has almost as many homicides as New York. 600,000.  
New York is 8.4 million. 15 times the murder rate of New York. Baltimore is right now.  
It seems that -- I believe the Freddie Gray case will mark the decline into irrelevancy of the modern civil rights movement. It seems that they are only interested, black lives matter.    
Black lives matter only when they're killed by cops, particularly white cops.  
Where is the outrage on the 100th Baltimore citizen who's been shot dead this year? There is none. And I think now you have the cops backing off. Arrests are plummeting. Baltimore will become -- Mark used the term a blood bath. It's a killing zone."

Is the media confronting Democrats about black on black crime?   Will they ask Hillary Clinton about this or simply allow her to float along with her scripted events?

We have serious problems, from the ISIS to crime in our inner cities, but the media is obsessed with same sex marriage.    

Memo to some reporters:   It was a horrible week for "gay rights" over there, as Senator Cruz said.    It was a horrible week for "black lives" over here as Geraldo Rivera said.

It's time to get serious in this country.  

P.S. You can hear my show  ( CantoTalk  ) or  follow me on Twitter   .

Tags: Black on black crime in Baltimore, Gay rights & ISIS To share or post to your site, click on "Post Link". Please mention / link to the My View by Silvio Canto, Jr. Thanks!

The fall of Ramadi, Iraq, Clinton on mute mode and other thoughts

Tags: ISIS in Iraq 2015  To share or post to your site, click on "Post Link". Please mention / link to the My View by Silvio Canto, Jr. Thanks!




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