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Old 02-08-2013, 04:13 PM
 
1,167 posts, read 1,123,026 times
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Mr. Marxist in the White House have you seen whats happening in Venezuela.

http://bigstory.ap.org/article/venezuela-announces-currency-d``evaluation
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Old 02-08-2013, 04:26 PM
 
Location: Where they serve real ale.
7,242 posts, read 7,910,626 times
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Except they're not socialist. Sure they call themselves that but the DDR also claimed to be Democratic when they were empirically not. Hell, I'm sure you also are one of those who like to pretend fascism is some how the same as socialism which really just makes you look foolish to any educated person.
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Old 02-08-2013, 04:59 PM
 
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Quote:
you also are one of those who like to pretend fascism is some how the same as socialism
"One of the reasons why both pro-Obama and anti-Obama observers may be reluctant to see him as fascist is that both tend to accept the prevailing notion that fascism is on the political right, while it is obvious that Obama is on the political left.
Back in the 1920s, however, when fascism was a new political development, it was widely -- and correctly -- regarded as being on the political left. Jonah Goldberg's great book "Liberal Fascism" cites overwhelming evidence of the fascists' consistent pursuit of the goals of the left, and of the left's embrace of the fascists as one of their own during the 1920s.
Mussolini, the originator of fascism, was lionized by the left, both in Europe and in America, during the 1920s. Even Hitler, who adopted fascist ideas in the 1920s, was seen by some, including W.E.B. Du Bois, as a man of the left.
It was in the 1930s, when ugly internal and international actions by Hitler and Mussolini repelled the world, that the left distanced themselves from fascism and its Nazi offshoot -- and verbally transferred these totalitarian dictatorships to the right, saddling their opponents with these pariahs.
What socialism, fascism and other ideologies of the left have in common is an assumption that some very wise people -- like themselves -- need to take decisions out of the hands of lesser people, like the rest of us, and impose those decisions by government fiat.
The left's vision is not only a vision of the world, but also a vision of themselves, as superior beings pursuing superior ends. In the United States, however, this vision conflicts with a Constitution that begins, "We the People..."
That is why the left has for more than a century been trying to get the Constitution's limitations on government loosened or evaded by judges' new interpretations, based on notions of "a living Constitution" that will take decisions out of the hands of "We the People," and transfer those decisions to our betters.
The self-flattery of the vision of the left also gives its true believers a huge ego stake in that vision, which means that mere facts are unlikely to make them reconsider, regardless of what evidence piles up against the vision of the left, and regardless of its disastrous consequences.
Only our own awareness of the huge stakes involved can save us from the rampaging presumptions of our betters, whether they are called socialists or fascists. So long as we buy their heady rhetoric, we are selling our birthright of freedom."

Thomas Sowell
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Old 02-08-2013, 05:05 PM
 
5,705 posts, read 3,674,025 times
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Marxist, communist, fascist...these are often the words of those that have no other hope to hang on too. November 6th 2012...majority rules, minority cries and moans. De mo cra cy.
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Old 02-08-2013, 05:05 PM
 
Location: Fredericktown,Ohio
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Wonder why they devalued their currency? was it they ran up too much debt and are trying to inflate it away?
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Old 02-08-2013, 05:07 PM
 
1,167 posts, read 1,123,026 times
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Marxist, communist, fascist...these are often the words of those that have no other hope to hang on too. November 6th 2012...majority rules, minority cries and moans. De mo cra cy
Long live Comrade Obama...
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Old 02-08-2013, 06:48 PM
 
22,923 posts, read 15,500,035 times
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Quote:
Originally Posted by Swingblade View Post
Wonder why they devalued their currency? was it they ran up too much debt and are trying to inflate it away?
Yep; unlike another country in similar circumstance for very similar reasons, they cannot print more money to service their debt load.

I got your sarcasm.
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Old 02-08-2013, 06:58 PM
 
Location: USA
13,255 posts, read 12,133,458 times
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You guys quit talking economics! Ha
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Old 02-08-2013, 07:05 PM
 
31,387 posts, read 37,065,499 times
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“Any tackling of the massive economic distortions, even if far more is required, is positively viewed by markets,” Kathryn Rooney Vera, a strategist at Bulltick Capital Markets, said in an interview from Miami. “We expected more, and more is indeed needed to correct fiscal imbalances and adjust economic distortions, but this is something and there may be more to come.”


The yield on Venezuela’s dollar bonds maturing in 2027 fell 10 basis points, or 0.10 percentage points, to 8.70 percent today. Venezuelan bonds have returned 39 percent over the past year, according to JPMorgan Chase & Co.’s EMBIG index.

“This announcement is a big positive for Venezuelan credit overall - the government’s bonds and PDVSA debt,” said Robert Abad, who helps manage $48 billion in emerging-market assets at Western Asset Management Co.
Venezuela Devalues Bolivar 32% After Chavez Spending Spree - Bloomberg
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Old 02-08-2013, 07:17 PM
 
5,190 posts, read 4,841,059 times
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Originally Posted by Think4Yourself View Post
Except they're not socialist. Sure they call themselves that but the DDR also claimed to be Democratic when they were empirically not.
what is the real system in Venezuela?

can we call it crony socialism perhaps??
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