What's in store for Venezuela?
Similarly, three weeks ago, I posted a commentary noting:
- Since 2004, the Venezuelan Central Bank has transferred about $22.5 billion to accounts abroad by the Chavez government, and about $12 billion of that remains unaccounted for.
- Inflation is up to 17 percent and rapidly rising.
- Venezuela is now down to 126 out of 130 nations in the 2006 Economic Freedom of the World the most rapid decline ever (in 1995 it was No. 75).
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