Socialist basket-cases......from Rico

he workers socialist paradise (otherwise known as North Korea) revalued it's currency last year, further impoverishing [read: financially wiped out] its population.

Yesterday, OPEC member and 21st century failed-socialist-economic experiment led by Hugo Chavez (one of Obama-Soetero's best Commie pals) revalued Venezuela's currency. Let's see, Venezuela ended 2009 with a 27% inflation rate. This devaluation will easily add 3-5% to that inflation rate. Good plan!
- Before Chavez, the Venezuelan Bolivar (VEB) exchanged for 1.5 VEB:1 dollar.
- Before yesterday the VEB exchanged for 2.15 VEB:1 dollar.
- Overnight the VEB was devalued to 4.30 VEB:1 dollar (unless the Chavez kleptocrats approve....er, need... something like food or medicine imported, then they will 'approve' an exchange rate of 2.60 VEB: 1 dollar).

Think about THAT in the context of all of your money being in VEB. You just were 'screwed' out of half your money overnight by the stroke of Chavez's ....er, pen. Just because the economy in Venezuela has been ruined by an incompetent socialist/communist gooberment (redundant, I know).

So what? It can't happen here in the US of A, right?
- Nawwww...trillions in new debt, manic spending on pork, endless QE-crazed printing of greenbacks, a Communist Muslim in the Red Shed [read: White House] and the likes of Pelosi-Reid-Fwank, et al in Congress...what are the odds? I'll tell you: It's our turn NEXT! A US Dollar devaluation would nicely continue to fund the pork-barrell pigfest in Congress (so what if it robs YOU of half or more of your wealth?). For a little while, anyway.

And Soros, who has proudly claimed that "breaking" The Bank of England was his greatest achievement, is rubbing his hands in glee at the prospect of "breaking" the US economy and currency.

When it hits the fan, don't say I didn't warn you.