Socialism’s Ultimate End – Venezuelan Workers Total Monthly Earnings Is Equal to 5 Cups of Coffee

Socialism’s Ultimate End – Venezuelan Workers Total Monthly Earnings Is Equal to 5 Cups of Coffee by Rory – The Daily Coin

With the election of a card-carrying socialist, Alexandria Cortez, (D) New York, it’s time to take these liberal lunatics a little more seriously. We have been watching and following the violent uprising by Black Lives Matter and AntiFa, both screaming for socialist agendas and rioting, burning down neighborhoods and looting to show how well informed and serious they are about these issues.

Now we have a 28 year-old Bernie Sanders disciple actually in office. Unfortunately for her the image she painted to her constituency is not entirely accurate. To set the record straight she is not who she claim to be at all.

According to an article published at ZeroHedge Ms. Cortez was raised as a 1%’er with all the “white privilege” that goes along with being a 1%’er. You know, planned community, families annual income well above national averages and local averages and the ability to be, just like Barrack Obama, a “community organizer” and seemingly not have to be concerned with such mundane, everyday situations like a having a real job.

“Well, you know, the president is from Queens, and with all due respect — half of my district is from Queens — I don’t think he knows how to deal with a girl from the Bronx,” Ocasio-Cortez told Stephen Colbert during an appearance on The Late Show.

The socialist phenom also told the Washington Post “I wasn’t born to a wealthy or powerful family — mother from Puerto Rico, dad from the South Bronx. I was born in a place where your Zip code determines your destiny.”

Except Ocasio-Cortez isn’t quite the blue-collar champion she’s branding herself as. Breitbart‘s Josh Caplan is out with a “fact check” on the Democratic Socialist’s background – only to find she grew up in one of the richest counties in the United States.

Around the age of five, Alexandria’s architect father Sergio Ocasio moved the family from the “planned community” of Parkchester in the Bronx to a home in Yorktown Heights, a wealthy suburb in Westchester County. The New York Times describesher childhood home as “a modest two-bedroom house on a quiet street.” In a 1999 profile of the area, when Ocasio-Cortez would have been ten years old, the Times lauded Yorktown Heights’ “diversity of housing in a scenic setting” – complete with two golf courses.

The paper quoted Linda Cooper, the town supervisor, describing Yorktown as ”a folksy area where people can come, kick off their shoes, wander around, sit in a cafe, listen to a concert in the park, or go to the theater.

Westchester County – which the Washington Post, in a glowing profile on Ocasio-Cortez, describes as only “middle class” – ranks #8 in the nation for the counties with the “highest average incomes among the wealthiest one percent of residents.” According to the Economic Policy Institute, the county’s average annual income of the top one percent is a staggering $4,326,049.

Yorktown Heights, specifically, offers a sharp contrast from Bronx living. According to USA.com, the town’s population is 81 percent white, and median household income is $96,413nearly double the average for both New York state and the nation, according to data from 2010-2014. Source

While this woman is spreading her variety of socialism – you know, socialism for you and uber wealth for her – the people of Venezuela have already reached the first major pitfall of socialism – hyperinflation and economic collapse.

We have been reporting on the situation in Venezuela for going on 6 years and how hyperinflation in Venezuela has unfolded is a case study in preparedness, economic collapse and what happens along the way. People like Ms. Cortez are always at the root of hyperinflation – free stuff and poverty for you and uber wealth for the few, like Venezuelan President, Maduro. Neither Maduro or Cortez are suffering from want, but the people around them suffer everyday.

The latest in the collapse of Venezuela is the unbelievable inflation rate of 43,000% as reported by The Week.

Five million Venezuelan bolivars is the equivalent of $1.45. It’s also roughly a minimum-wage worker’s entire monthly salary in the South American country.

Thanks to stunning inflation, it now takes 1 million bolivars to buy a cup of coffee in a Venezuelan cafe, Bloomberg reports. That’s one-fifth of Venezuela’s monthly minimum wage, and a 10,000-bill stack of Venezuela’s most common bank note, the 100-bolivar bill.

To illustrate Venezuela’s rampant inflation, Bloomberg has tracked the price of a cup of coffee since December 2016 on its Cafe Con Leche index. One dose of caffeine cost 450 bolivars when the index launched two years ago, but 43,378 percent inflation in the last year has led to today’s astronomical price.

Source

As stated at the beginning, it’s time to truly pay attention to these socialist agendas and the people espousing “free this, free that” for the masses, especially if they tag it with an anti-American agenda like open borders or eliminating the rule of the law (through the elimination of law enforcement).

Ms. Cortez used these tactics to her advantage and while I’m grateful she eliminated a “career politician” I’m very concerned at the platform on which she stands. Other “career politicians” can see and read what happened the same as you and I and they too will now be using these same Marxist, communist planks for their agenda come November.

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The Daily Coin

Rory Hall, The Daily Coin and Gospel News Network. Beginning in 1987 Rory has written over 1,400 articles and produced more than 500 videos on topics ranging from the precious metals market, economic and monetary policies, preparedness as well as geopolitical events. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver, Gold Seek, SGTReport, and a great many more. Rory was a producer and daily contributor at SGTReport between 2012 and 2014. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Dr. Warren Coates and Peter Schiff, to name but a few. Don't forget to visit The Daily Coin and Gospel News Network to enjoy some of the best economic, precious metals, geopolitical and preparedness news from around the world.