Venezuela Looks to Army General to Damp Spiraling Prices

[Yo_Mama]

Source: Bloomberg

Venezuelan President Nicolas Maduro is turning to an army brigadier general to run the economy, two months after using troops to control prices and slow the world’s fastest inflation.

...
Active or retired officers now control a quarter of Maduro’s cabinet as he looks to shore up their support after the death of former President Hugo Chavez, according to Rocio San Miguel, president of Caracas-based security research organization Citizens’ Control. Their increasing role indicates greater state involvement in the economy and prompted bonds to fall to a six-week low today.

Read more: http://www.bloomberg.com/news/2014-01-16/venezuela-names-new-finance-minister-promises-currency-reform.html

---

Depressing as all hell - this is rapidly becoming a military dictatorship.

[Throd]

1. Good plan.

[MyNameGoesHere]

2. Depressing as all hell - this is rapidly becoming a military dictatorship.

And yet my friend just participated, as did 90% or better of the people she knows in lower elections. I asked her how much they beat her to vote for Madura. She wasn't amused, in fact she was offended that someone would think her country is stupid enough to be duped into that. She actually voted for the opposition candidate, so talk to the hand about dictatorships. You know nothing.

[Yo_Mama]

4. Unfortunately

What you vote for isn't necessarily what you get. As we all know.

[COLGATE4]

3. As Maduro flails and flounders and

the Vz economy continues to tank look to the Venezuelan Armed Forces (with assistance from Cuba) to increasingly take control of the situation. They may leave a pro forma civilian government in place (with Diosdado, for example) or take complete control as they have in the past. But their increased presence in determining policy will be seen and felt.

[Godhumor]

5. And the Venezuela "revolution" is rapidly falling apart

Actively destroying one's economy is not a good way to maintain stability

[Pterodactyl]

6. Hope that works out.