Thursday, August 04, 2011

A number is worth a bunch of words

The "admitted" inflation rate for Venezuela just for July 2011 is 2.7%.  "Admitted" because it is the very manipulated official number.  But let's accept it for the sake of the argument.

This being said, the TOTAL inflation of the following countries for 2010 was LESS than 2.7% for the whole year.

Austria, The Bahamas, Belgium, Benin (!?), Burkina Fasso (!!!), Canada, Chile, Czech Republic, El Salvador, Estonia, Finland, France, Germany, Israel, Italy, Latvia, Malaysia, Netherlands, New Zealand, Norway, Peru, Poland, Portugal, Senegal, Slovakia, Spain, Sweden, United States (plus a dozen small ones).

All sizes, shapes and conditions.  It can be done.  You draw your own conclusions.


  1. Charly8:52 AM

    Daniel, I like the title of your post but I still prefer this one. BTW Venezuela is in good company.

  2. Inflation may be high, but on the bright side, the PPP Index (popular purchasing power)is also on the rise, thanks to bribes, rampant corruption, theft and regalitos. It kinda evens it out.

  3. RabbiBulla12:06 PM

    Wow! Charley!!Great post.I saved this one.A picture really often says more than a thousand words.
    O/T -but- did anyone notice the
    detention of Yulia Tymoshenko-formerUkraine PM?

  4. Until the political situation in Vz changes -ie. removal of Chavez, the economy will be driven further into the ground.
    There is no entrepreneurship in Venezuela. Everyone is afraid to start a business, or invest, expand-this has been this way for long time now...


Comments policy:

1) Comments are moderated after the fourth day of publication. It may take up to a day or two for your note to appear then.

2) Your post will appear if you follow the basic rules. I will be ruthless in erasing, as well as those who replied to any off rule comment.

Do not be repetitive.
Do not bring grudges and fights from other blogs here (this is the strictest rule).
This is an anti Chavez/chavismo blog, Readers have made up their minds long ago. Trying to prove us wrong is considered a troll. Still, you are welcome as a chavista to post if you want to explain us coherently as to why chavismo does this or that. We are still waiting for that to happen.
Insults and put downs are frowned upon and I will be sole judge on whether to publish them.