Monday, January 11, 2010

UPDATE 1-Devaluation ups stakes in Venezuela election year | Reuters

Remember - Obama's people "admire" this man....as his country collapses in on itself....sound familiar?

UPDATE 1-Devaluation ups stakes in Venezuela election year | Reuters:

CARACAS, Jan 9 (Reuters) - Venezuelans rushed to the shops on Saturday, fearful of price rises after a currency devaluation that will let President Hugo Chavez boost government spending ahead of an election but feeds opposition charges of economic mismanagement.

In a bid to jump-start the recession-hit economy of South America's top oil exporter, Chavez on Friday announced a dual system for the fixed rate bolivar."

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