HYPERINFLATION: Socialist Venezuela’s Inflation Rate Is Over 440,000%

The corrupt socialist state has the largest oil reserves on earth, yet their economy is collapsing into the abyss.

The inflation rate in Venezuela has reached a staggering 440,000% – far above the ‘official’ figures put forth by the socialist government.

That calculation was made by Bloomberg, who found a way around the widely-distrusted inflation figures put forth by the Venezuelan authorities.

By studying the price of a cup of coffee at the same bakery in Caracas over time, they have found the true inflation rate, and it is horrendous.

It’s called the Cafe Con Leche Index, and it shows that the price of a cup of coffee has increased from 5,500 bolivars to 45,000 bolivars in just the past three months.

That equals an annualized rate of inflation of 448,025%.

By contrast, the inflation rate at the end of last year was 1,718%, showing how rapidly the already-weak currency is being devalued.

Clearly, Venezuela has officially reached hyperinflation territory.

The failure of socialism

There is no more fitting example of socialism’s failure than the fact that Venezuela is collapsing economically despite having the largest proven oil reserves on the planet.

Despite all the socialist claims of “equality” and “justice,” the leaders of Venezuela are rich and well-fed while their people starve and suffer in poverty.

In Venezuela today, the only equality is the equality of terrible suffering enveloping the majority of the population, and justice exists only for the government-connected elites.

That won’t change until Venezuela is freed from their socialist government, and we must all learn the lesson of how dangerous the socialist ideology truly is. It’s sold on dreams of a utopian future, but it ends in a brutal nightmare.

Spencer Fernando

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5 comments Add yours
    1. Peter, in Canada the Liberal and SpeNDP parties, federally and provincially, create government control of businesses, education, employment, healthcare through suffocating regulations, taxation, divestment, takeovers, social engineering and more. Spencer is clearly speaking about socialism, an ideology and political movement, that has led Venezuela to destruction. I believe Canada is being led down the socialist path. Trudeau and Wynne are elite socialists hiding behind the banner of liberalism but doing what socialists do i.e reducing or eliminating freedoms and creating dependence on an all powerful government bureaucracy. Government BY the people has become government OF the people.

  1. Look at Ontario, it was a “have province” when it was Conservative, it was the engine of Canada many years ago. Then we went NDP/Liberal and have been failing and going into more and more debt ever since, now a “have not” province. Everything is controlled by these NDP/Liberal government socialist overbearing laws, that helped anything that was putting more money in their pockets and pushing us into bigger debt taxes and government controlled utilities supposedly to protect us,( now with so much debt they started selling them off). They interfered in private business so much that they went bankrupt or left. Then they brought in foreign owned business at our expense (tax dollars) that ran on our tax money for a short time, then leaving debt and no jobs behind, were gone, socialist decisions deciding who and what can have business and jobs here, They have decided what our children can learn in schools. What medical procedures can be done or covered under our government run hospitals and how long you have to wait for it, how many beds etc. We are more and more helpless and know nothings and wow it is getting worse, As an old person watching how young people are taught to do what these socialist want them to think and do, they do not realize why they are depressed and cannot get a job without degrees in how to clean or drive a taxi, and if you think for yourself it better be what your allowed to think because other wise your really not invited to join them, their way only their way controlled by them. Things that were learned and done as free young people in my day if you had intelligence and good work ethics you could go ahead learn and do whatever you could to help make a good living for your family, we freely worked together and helped one another get there. We are so divided now with so much control even over our thoughts we cannot get ahead unless we are one of them playing their games their way using your money to do this, until it runs out. and they have it all now, starve us (Stalin or Mao, good socialists). We need to work together , keep free encourage intelligence, not trained and propagandized. We need Freedom in our own country democracy not this controlled socialism. we need fair strong laws that protect all of us from unethical stealing, that includes the unethical government and foreign elites taking our rights to think away. Canadians were a hardworking intelligent fair polite understanding honest people, we were a spread out community, if we want to be the good country we were this stealing and greed must stop and that is what socialism has become. No place is perfect and never has been but we had it pretty good with freedom.

  2. Put another way, I have never wanted to be rich or famous, greedy taking everything off others. We all want to live comfortably with dignity and respect, being comfortable that our “elected” government will treat us fairly and not take us into debt with their desire to be rich and help the elites control and take everything for themselves, when we can all live with dignity and respect helping one another respecting each other as we are all different, but the majority just want polite real respect and the ability to feel safe from these so called elites taking our dignity treating us unfairly.

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