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Post  polka23dot on Mon Dec 09, 2013 3:39 am

The economy in Venezuela is collapsing as government efforts to run the economy continue to fail. The growing corruption in the government doesn’t help either. The self-proclaimed socialist government of Venezuela blames foreign enemies for sabotaging the economy, which has seen 107,000 businesses close in the last 13 years and the economy shrink by a third. The government economic statistics are largely fiction and attempts to hide the decline. But there is no hiding the inflation rate, which is now over 50 percent and getting worse. source:

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