Reply #29: Why do you think their currency will crash? [View All]

Lower oil prices and higher costs for some products have caused inflation to rise in Venezuela, but Chavez doesn't seem to be worried. He has shown himself to be pretty resilient in the past. If the IMF is correct, but then who believes anything they have to say, the rise in inflation is also due to no foreign investments. So, is the US sanctioning Venezuela and if so, why?

I think it will be foolish of the US to try to destroy Venezuela's economy. Chavez will turn to other sources.

Again, why would anyone be gleeful about the Venezuelan people suffering a financial collapse? I can see why greedy corporations might, but ordinary people who have nothing to gain from other people's suffering, that makes no sense.

I hope Obama sees the value of overturning the policies of the Bush administration and the left over dinosaurs from the Cold War and follows his own advice about 'not concentrating on the past, but looking forward'. He's been able to do that when it comes to our own war criminals, I would hope for the benefit of millions of innocent people, he can do it for them. Not that Chavez ever did anything to the US other than not hand over its oil.