Consumers waiting for appliances at fire sale prices
Latest development: The National Assembly granted Maduro the power to issue decrees. Allegedly to curtail the capitalist abuses. God bless Venenzuela
I just watched the GPS and there were news that Venenzuelan govt nationalized electronics store Daka and is selling goods at fire sale. The govt under its former dictator and successor Nikolas Maduro has done the following:
1. Nationalized businesses;
2. Subsidy for everything: fuel, housing, health care;
3. Devaluation
4. Hyper inflation.
5. Dictatorship.
GPS says that those 5 things are sure way to bring Venenzuela to economic ruins. The country is sure to run out of cash, and may even run out of money to pay for the paper it prints its money on.
The day Venenzuela is fully nationalized
From ABC five ways the Venenzuelan govt is destroying its economy
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