Thursday, February 26, 2015

Fortunately It Never Snows in Venezuela

So they can use coca leaves, or something. Venezuela Is Running Out of Toilet Paper
Cash-strapped Venezuela, which has the second-largest oil reserves in the world, after Saudi Arabia, and relies on oil for 95 percent of its export revenue, has been hit particularly hard by plummeting global prices. Still, it’s hard not to read a commodity-sharing deal proposed by nearby Trinidad and Tobago as anything but humiliating.

At a news conference Tuesday, Prime Minister Kamla Persad-Bissessar suggested that her government would “purchase goods identified by the Government of Venezuela from T&T’s manufacturers, such as tissue paper, gasoline, and parts for machinery,” and trade them for Venezuelan oil. It’s not clear if the Venezuelans are open to the deal, but they certainly need the goods.

Amid skyrocketing inflation and a contracting economy, Venezuelan consumers have been faced with widespread shortages of products. Nicolás Maduro’s government blames hoarders looking to destabilize the government, but businesses and economists say it’s the result of government price controls that discourage production and restrictions on foreign currency and make it difficult for manufacturers to purchase raw materials.
Matilda, she take me Charmin and run Venezuela.

Another glorious victory for socialism.

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