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NOV 09, 2013 - Zero Hedge

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Venezuela Government "Occupies" Electronics Retail Chain, Enforces "Fair" Prices

The socialist paradise that is Venezuela has already shown the Federal Reserve just how the world's greatest "wealth effect" can be achieved courtesy of the Caracas stock market returning over a mindblowing 475% in 2013. Of course, while the US inflation is still slightly delayed (if only for non-core items and those that can't be purchased on leverage) Venezuela's own 50%+ increase in annual prices is only part of the tradeoff to this unprecedented "enrichment" of society, or at least 0.001% of it - after all, it's all about the égalité. More problematic may be the fact that in addition to ... Read More

Tags: Venezuela Government "Occupies" Electronics Retail Chain, Enforces "Fair" Prices,  Taxes Latest News