{"id":9620,"date":"2018-01-09T13:02:17","date_gmt":"2018-01-09T17:02:17","guid":{"rendered":"http:\/\/www.wasobamaborninkenya.com\/blog\/?p=9620"},"modified":"2018-01-09T13:02:17","modified_gmt":"2018-01-09T17:02:17","slug":"what-happens-when-socialists-run-out-of-money","status":"publish","type":"post","link":"https:\/\/www.wasobamaborninkenya.com\/blog\/what-happens-when-socialists-run-out-of-money\/","title":{"rendered":"What Happens When Socialists Run Out of Money"},"content":{"rendered":"

\"\"<\/a>The future of socialism is trading sugar for beans on social media.<\/em><\/strong><\/h2>\n

FrontPage Mag<\/strong><\/h3>\n

by Daniel Greenfield
\n1\/9\/2018<\/p>\n

Excerpt:<\/strong><\/p>\n

Prime Minister Thatcher once famously observed that socialists “always run out of other people’s money.” But what actually happens when socialism runs out of money?<\/em><\/p>\n

Venezuela, a once wealthy nation with black gold coming out of the ground, is a test case.<\/em><\/p>\n

The socialist regime ran out of other people\u2019s money, and then out of money, years ago. The government met protests by its starving population with a 40% minimum wage hike. That\u2019s the usual socialist solution to what leftists call \u2018income inequality\u2019. The problem is that 40% of nothing is still zero.<\/em><\/p>\n

The \u201cStrong Bolivar\u201d introduced by former dictator Hugo Chavez, who died of an overdose of Cuba\u2019s socialist medicine, leads the world in one economic category: a 3,000% inflation<\/a> rate. Currently a dollar will buy you 111,413.23 bolivars. Wait a while and there will be a better bargain in bolivars because economists are forecasting a 30,000% inflation<\/a> rate. In Venezuela, even the poorest American can become a millionaire in bolivars. The only question is why would anyone actually want bolivars?<\/em><\/p>\n

The socialist currency of the revolution isn\u2019t counted, it\u2019s weighed<\/a> on scales. The only thing \u201cstrong\u201d about the bolivar is the exercise you get from carrying bags of them everywhere. You could forge bolivars, but the fake money would cost you more than the real money. If you can actually print bolivars, go ahead and get in touch with the Venezuelan government which can\u2019t afford to print<\/a> its own money.<\/em><\/p>\n

…………………………………………….<\/p>\n

View the complete article including image, links and comments at:<\/strong><\/p>\n

https:\/\/www.frontpagemag.com\/fpm\/268930\/what-happens-when-socialists-run-out-money-daniel-greenfield<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The future of socialism is trading sugar for beans on social media. FrontPage Mag by Daniel Greenfield 1\/9\/2018 Excerpt: Prime Minister Thatcher once famously observed that socialists “always run out of other people’s money.” But what actually happens when socialism … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-9620","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t