The stock market graph above shows a doubling of the NYSE under the Obama administration. Accounting for inflation, the value of the market should be 8306 instead of 16,344. Also note the dramatic decline in the volume of stocks traded at the elite have abandoned this house of cards.
I suppose adding $7 trillion to the national debt, reducing the labor force to a thirty-five year low, and complete submission to the banking industry will do that. What will you do when the shelves are bare?
David DeGerolamo
Venezuela About To Run Out Of Food Despite Fresh All Time High In Its Stock Market
Bloomberg reports that Empresas Polar SA, Venezuela’s largest privately-held company, said in an e-mailed statement that foreign suppliers of food, packaging, and equipment have closed credit lines because of the government’s delays in giving the company dollars at official rate. Empresas added that dollar delays are now the longest since the introduction of currency controls in Feb. 2003.
In other words, with the country doing everything in its power to allocate dollars “fairly” (while making sure nobody has profit margins higher than 30%), very soon the biggest distributors of staples are about to run empty.
Oh well, at least they have their stock market and the “wealth effect”…
