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Venezuela Is Struggling With A Historic Food Shortage

 
KoFFee_
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01/25/2013 10:33 PM
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Venezuela Is Struggling With A Historic Food Shortage
snip

Miriam Villae never knows what she'll find on the shelves of her grocery store in the Venezuela capital these days. Chances are it's not much.

As the oil-rich country grapples with the highest food shortage in four years, the 62-year-old grandmother and many others like her are being forced to make do without staples like flour and butter.

In December, the Central Bank said its scarcity index, which tracks the percentage of consumer goods missing from grocery store shelves, rose to a four-year high of 16.3 percent in December.

In light of the situation, some supermarkets and bakeries are restricting the amount people can buy. Some Caracas restaurants are even cutting back on their menu offerings.


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[link to www.businessinsider.com]
However, I consider my life worth nothing to me; my only aim is to finish the race and complete the task
the Lord Jesus has given me—the task of testifying to the good news of God’s grace. Acts 20:24

"This man really is the Savior of the world!" John 4:42

Look, he is coming with the clouds, and every eye will see him, even those who pierced him;
and all the peoples of the earth will mourn because of him. So shall it be! Amen.
I am the Alpha and the Omega, " says the Lord God, who is, and who was, and who is to come, the Almighty." Revelation 1:7

I do not own the rights to any video posted, they are for educational/entertainment purposes only.
Anonymous Coward
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01/25/2013 10:34 PM
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Re: Venezuela Is Struggling With A Historic Food Shortage
KoFFee_ (OP)

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01/25/2013 10:56 PM
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Re: Venezuela Is Struggling With A Historic Food Shortage
Venezuela Ready to Crack Down on Clunker Car Inflation Refuge

Venezuela’s government is preparing to crack down on one of the last refuges against the fastest inflation in Latin America -- used cars.

The National Assembly on Jan. 22 approved in a first-round vote a bill that fixes prices for used and new cars as President Hugo Chavez’s administration tries to fight inflation. The bill still needs to pass a second vote.

Automobiles purchased in Venezuela, South America’s largest oil exporter, typically gain in value the moment they are driven off the dealership lot. Facing 20.1 percent inflation and capital controls introduced in 2003 that limit the amount of bolivars citizens may take out of the country, Venezuelans invest in durable goods.

Inflation rose after Chavez restricted dollar supplies in a bid to close a fiscal gap widened by spending before elections in October, in which he defeated challenger Henrique Capriles Radonski by more than 10 percentage points.

The lack of dollars has created shortages of goods that range from toilet paper to detergent and extend to automobiles. Suvinca, a Venezuelan state distributor of Chinese-made cars, posted a notice on its website yesterday that said it had run out of cars and suspended sales.

Read more here:
[link to www.businessweek.com]
However, I consider my life worth nothing to me; my only aim is to finish the race and complete the task
the Lord Jesus has given me—the task of testifying to the good news of God’s grace. Acts 20:24

"This man really is the Savior of the world!" John 4:42

Look, he is coming with the clouds, and every eye will see him, even those who pierced him;
and all the peoples of the earth will mourn because of him. So shall it be! Amen.
I am the Alpha and the Omega, " says the Lord God, who is, and who was, and who is to come, the Almighty." Revelation 1:7

I do not own the rights to any video posted, they are for educational/entertainment purposes only.

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