[[ Ain't socialism wonderful!!! ]] Dr. Eowyn posted: "Susan Warner writes for The Gatestone Institute (via ZeroHedge), that Venezuela, an oil-producing OPEC state that at one time claimed to be the most prosperous nation in Latin America, "is unraveling at breakneck speed": A dozen eggs now cost $150, " Respond to this post by replying above this line New post on *Fellowship of the Minds* <http://fellowshipoftheminds.com/author/eowyn2/> $150 for a dozen eggs: Venezuela in 720% hyperinflation death spiral <http://fellowshipoftheminds.com/2016/09/16/150-for-a-dozen-eggs-venezuela-in-720-hyperinflation-death-spiral/> by Dr. Eowyn <http://fellowshipoftheminds.com/author/eowyn2/>
Susan Warner writes for *The Gatestone Institute* <https://www.gatestoneinstitute.org/8924/venezuela-death-spiral> (via *ZeroHedge* <http://www.zerohedge.com/news/2016-09-14/venezuelas-death-spiral-dozen-eggs-cost-150-hyperinflation-horrors-hit-socialist-uto>), that Venezuela, an oil-producing OPEC state that at one time claimed to be the most prosperous nation in Latin America, "is unraveling at breakneck speed": - *A dozen eggs now cost $150*, as *inflation will hit 720% this year* according to the International Monetary Fund. - It's not just insanely overpriced food; there is a shortage of food to buy, as well as medicine, electricity and water. For some months now, there are reports of people waiting in supermarket lines all day, only to discover that expected food deliveries never arrived and the shelves are empty. - A once comfortable middle-class Venezuelan father is seen scrambling desperately to find his family's next meal, sometimes *hunting through garbage for salvageable food*. - Desperate *people are killing household pets and zoo animals for food.* - The 75% majority of Venezuelans who were in poverty before the economic collapse reportedly <http://www.thedailybeast.com/articles/2016/05/24/venezuela-has-become-a-starvation-state.html> are *verging on starvation*. [image: Typical grocery story in Venezuela] <https://fellowshipofminds.files.wordpress.com/2016/07/venezuela-grocery-story.jpg> Typical grocery story in Venezuela But President Nicolás Maduro, who succeeded Hugo Chavez -- actor Sean Penn's BFF -- is doubling down on the proven failed policies and philosophies of "Bolivarian Socialism," while diverting attention away from the crisis by blaming Venezuela's collapse on foreign "enemies" such as the United States, Saudi Arabia and others. Only 9 years ago, U.S. policy "experts" celebrated Chavez's socialist revolution. In a 2007 study, "The Chávez Administration at 10 Years: The Economy and Social Indicators <https://ideas.repec.org/p/epo/papers/2009-04.html>," for the liberal Washington, D.C. think tank, the Center for Economic and Policy Research, economists Mark Weisbrot and Luis Sandoval <http://cepr.net/documents/publications/venezuela_2007_07.pdf> wrote: "[a]t present it does not appear that the current economic expansion is about to end any time in the near future. The gains in poverty reduction, employment, education and health care that have occurred in the last few years are likely to continue along with the expansion." [image: mark-weisbrot] <https://fellowshipofminds.files.wordpress.com/2016/09/mark-weisbrot.jpg> There's a name for people like Weisbrot, Sandoval, and Penn. It's "useful idiots": People who, unwittingly, are propagandists for a cause the goals of which they are not fully aware, and who are used cynically by the leaders of the cause. Except that in the case of intellectuals like Mark Weisbrot and Luis Sandoval, they are not unaware ignorants. Neither is Sean Penn. There should be another name for them: *Malevolent *useful idiots It's just too bad these "malevolent useful idiots" for socialism are never there to pick up the pieces for Venezuelans and other peoples across the world, including the American poor and middle class, when it all goes bad -- which it always has and inevitably will. Meanwhile, as the people of Venezuela starve, Sean Penn is still nowhere to be seen in their country to help out the starving poor. With an estimated net worth of $150 million <http://www.celebritynetworth.com/richest-celebrities/actors/sean-penn-net-worth/>, Penn <https://en.wikipedia.org/wiki/Sean_Penn#Early_life> has lived a privileged life since birth as the son of actor-director Leo Penn (and grandson of Ashkenazi Jewish emigrants from Lithuania and Russia). Sean has been signed to star in a new movie <http://www.justjared.com/2016/08/24/sean-penn-to-star-in-professor-the-mad-man-with-mel-gibson/>, *Professor & the Mad Men*, with Mel Gibson, and was last spotted <http://www.justjared.com/photo-gallery/3740605/sean-penn-star-professor-mad-man-mel-gibson-05/>on August 23, having dinner at the elegant Mediterranean restaurant Il Piccolino in West Hollywood, where the menu <http://www.ilpiccolinorestaurant.com/files/Lunch.pdf> includes steaks, chicken, veal, lamb, artisan duck sausages, seafood pasta, and octopus appetizers. [image: Sean Penn at Il Piccolino restaurant, August 23, 2016] <https://fellowshipofminds.files.wordpress.com/2016/09/sean-penn-at-il-piccolino-restaurant-august-23-2016.jpg> Sean Penn at Il Piccolino restaurant, August 23, 2016 See also: - Venezuela at the abyss: 500,000 swarm streets of capital to demand recall of president <https://fellowshipoftheminds.com/2016/09/03/venezuela-at-the-abyss-500000-swarm-streets-of-capital-to-demand-recall-of-president/> - Venezuela is shutting down <https://fellowshipoftheminds.com/2016/05/28/venezuela-is-shutting-down/> - Apocalyptic Venezuela: 5,000 loot supermarket; president declares state-of-emergency <https://fellowshipoftheminds.com/2016/05/15/apocalyptic-venezuela-5000-loot-supermarket-president-declares-state-of-emergency/> - This is Venezuela: Mob burns a man alive over $5 <https://fellowshipoftheminds.com/2016/05/21/this-is-venezuela-mob-burns-a-man-alive-over-5/> - Socialist Venezuela into the abyss: people are killing pets for food <https://fellowshipoftheminds.com/2016/05/13/venezuela-into-the-abyss-people-are-killing-pets-for-food/> - Socialist Hugo Chavez died with a family fortune worth $2 billion <https://fellowshipoftheminds.com/2013/03/10/socialist-hugo-chavez-died-with-a-family-fortune-worth-2-billion/> *~Eowyn* *Dr. Eowyn <http://fellowshipoftheminds.com/author/eowyn2/>* | September 16, 2016 at 6:55 am | Tags: Center for Economic and Policy Research <http://fellowshipoftheminds.com/?tag=center-for-economic-and-policy-research>, Hugo Chavez <http://fellowshipoftheminds.com/?tag=hugo-chavez>, Il Piccolino <http://fellowshipoftheminds.com/?tag=il-piccolino>, Luis Sandoval <http://fellowshipoftheminds.com/?tag=luis-sandoval>, Mark Weisbrot <http://fellowshipoftheminds.com/?tag=mark-weisbrot>, Nicolás Maduro <http://fellowshipoftheminds.com/?tag=nicolas-maduro>, Sean Penn <http://fellowshipoftheminds.com/?tag=sean-penn>, Sean Penn's net worth <http://fellowshipoftheminds.com/?tag=sean-penns-net-worth>, socialism in Venezuela <http://fellowshipoftheminds.com/?tag=socialism-in-venezuela>, The Chávez Administration at 10 Years: The Economy and Social Indicators <http://fellowshipoftheminds.com/?tag=the-chavez-administration-at-10-years-the-economy-and-social-indicators>, Venezuela failed state <http://fellowshipoftheminds.com/?tag=venezuela-failed-state> | Categories: Economy <http://fellowshipoftheminds.com/?cat=17656840>, Evil <http://fellowshipoftheminds.com/?cat=35821819>, Hollywood liberals <http://fellowshipoftheminds.com/?cat=437662>, Judaism/Jews <http://fellowshipoftheminds.com/?cat=168699057>, Liberals/Democrats/Left <http://fellowshipoftheminds.com/?cat=115894710>, professors and intellectuals <http://fellowshipoftheminds.com/?cat=257074353>, United States <http://fellowshipoftheminds.com/?cat=5850>, Welfare <http://fellowshipoftheminds.com/?cat=17367686> | URL: http://wp.me/pKuKY-zy0 Comment <http://fellowshipoftheminds.com/2016/09/16/150-for-a-dozen-eggs-venezuela-in-720-hyperinflation-death-spiral/#respond> See all comments <http://fellowshipoftheminds.com/2016/09/16/150-for-a-dozen-eggs-venezuela-in-720-hyperinflation-death-spiral/#comments> Unsubscribe <https://subscribe.wordpress.com/?key=1d26f3d2707c7345915d8b297361ecf7&email=bovinescatologists%40gmail.com&b=LaQhj3btlrrc2gtYU%3DZg51%5DptafbrdTSmueKM%3FshGsS%5BYsITX%2Bt> to no longer receive posts from Fellowship of the Minds. 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