Venezuela enacts "law of fair prices", with 10-year imprisonment for hoarding

[ATCclears]

Mish's Global Economic Trend Analysis: Venezuela Enacts "Law of Fair Prices" Banning Profits Over 30%, with 10-Year Imprisonment for Hoarding

In case you missed it, Venezuela is quickly headed downhill.

Peter

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[Certaindeaf]

Heh. I can see a whole bunch of buying and reselling ad infinitum to arrive/achieve X profit via insiders/colluders. they sound like Nazis

 

[Jammer Six]

they sound like Nazis

Godwin. Game over.

That was fast.

 

[Certaindeaf]

Godwin. Game over.

That was fast.

Yep. I get to the point.

 

[EZLivin]

Mish's Global Economic Trend Analysis: Venezuela Enacts "Law of Fair Prices" Banning Profits Over 30%, with 10-Year Imprisonment for Hoarding

In case you missed it, Venezuela is quickly headed downhill.

Peter

Fascinating, isn't it; lets do things that have been proven to not work, but also proven to make the situation worse. Venezuela and Argentina are perfect examples of... insanity.

 

[erudne]

"America 2016"

 

[Classic]

The governments there devalue their currency so often that people found that buying & holding new appliances was the best way to retain their buying power. Looks like they can't even do that anymore without being called a hoarder and doing 10 years...

 

[Blitzkrieg]

Actually this is exactly what happened in the post "french" revolution era. The whole communist "Egalitarian" concept

If you want to understand this twisted mentality, I highly recommend Raphael Sabatinis novel Scaramouche, The King Maker

 

[fuhr52]

Liberals love this stuff. To liberals the only reason this has never worked is because the wrong people where in control. Now in the US liberals have the right people in control and look how well it's working. All hail king Obama!

 

[bellarum]

I would probably be in prison for 10yrs if I lived there.

 

[AMProducts]

The greatest thing about silly capricious laws are that they are enforced in a silly and capricious manner by silly and capricious authorities. I expect a whole lot of "middle" income people to be caught and prosecuted by this, whereas the elites in Caracas go unpunished, and the unwashed masses in the countryside wonder why their standard of living continues to slide towards the abyss.

 

[fuhr52]

The greatest thing about silly capricious laws are that they are enforced in a silly and capricious manner by silly and capricious authorities. I expect a whole lot of "middle" income people to be caught and prosecuted by this, whereas the elites in Caracas go unpunished, and the unwashed masses in the countryside wonder why their standard of living continues to slide towards the abyss.

You sure your talking about Venezuela and not the US? You could easily change Caracas for Washington DC and the story fits. Our standard of living is also sliding towards the abyss.

 

[Blitzkrieg]

I would probably be in prison for 10yrs if I lived there.

In that french era, most of us would be in voluntary, preemptive exile or meet the National Barber, Madame Guillotine

Don't be too sure it isn't coming here. Better to fight

 

[Jammer Six]

If you want to understand this twisted mentality, I highly recommend...

Absolutely!

Let's base our political decisions on fiction!

Our standard of living is also sliding towards the abyss.

None of it "fits".

My standard of living has gone through the roof in the last twenty years. So "our" standard of living averages out.

 

[erudne]

Actually this is exactly what happened in the post "french" revolution era. The whole communist "Egalitarian" concept

If you want to understand this twisted mentality, I highly recommend Raphael Sabatinis novel Scaramouche, The King Maker

What, no Fandango?

 

[erudne]

The noose tightens around our necks
Off To Idaho!

 

[Blitzkrieg]

Absolutely!

Let's base our political decisions on fiction!

It is classic historical fiction based on fact and you aren't fit to shine Sabatinis shoes, however you might make a good Chabot

His standard of living also soared just before his timely demise

 

[erudne]

It is classic historical fiction based on fact and you aren't fit to shine Sabatinis shoes, however you might make a good Chabot

So,,,this is an ethnic cooking post?????????

 

[Blitzkrieg]

So,,,this is an ethnic cooking post?????????

Chabot is, in Sabatinis book, a pompus egalitarian communist who is suckered into a web of destruction by his own greed and lack of true moral compass

 

[Jammer Six]

No. It's another example of preferring fiction to reality.