ShootSpeeders
Gold Member
- May 13, 2012
- 20,232
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- #1
This is what bernie wants to give us.
Venezuela: 'Economic Emergency' Allows Rule by Decree
jan 18 2016 Nicolás Maduro, the President of Venezuela, has announced an “economic state of emergency,” allowing him to rule by decree, in yet another attempt to diminish the power of the nation’s legislature ruled by the opposition anti-socialist party for the first time in 17 years.
Maduro announced a 60-day “economic emergency,” beginning on Friday, which will allow Maduro to override any attempt by the legislature to liberalize the strictly socialist Venezuelan economy. The decision followed the release of official economic data for the first time in more than a year, showing Venezuela’s rampant inflation problem and warning of even worse economic decline. The government estimates the national inflation rate at 141.5 percent.