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« 'Ireland Needs The IMF Like Children Need The Vatican' | Main | WATCH: Teachers Union Head Jokes About Killing The Rich »
Wednesday
Feb132013

Venezuela Government Bonds Up 681% Since Chavez

Socialism pays off big for Venezuela bond holders.

A 681% return since 1999, averaging 15% per year.  Chavez has never missed a bond payment, and the national debt in Venezuela in less than 25% of GDP.

Chavez has also seized more than 8,000 private businesses, and currently pays 12% to borrow in the markets.

 

DateFeb 13, 2013 at 10:37 PM | CommentComment | |

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