Chavez Dry Runs Next Year's Jack-ss Policies

clipped from www.zerohedge.com While we at Zero Hedge observe and lament the passage of America from a once great superpower into a second-rate banana republic, on occasion we do witness that rare example, somewhere in the world, of complete and utter political and economic lunacy that inspires us to think, "wow, not even Bernanke could have thought of this... yet. "After devaluing the currency on Friday, Venezuelan president Hugo Chavez "threatened to deploy troops and expropriate businesses that increase their prices." This is just one such example. “I want the national guard on the streets with the people to fight against speculation,” said Mr Chávez during his weekly television show, Alo Presidente. You read that right: first you destroy the value of goods and services denominated domestically, and then you prohibit supply and demand to intersect under fear of death. This is Henry VIII meets V.I.Ulyanov.

Or Wesley Mouch meets Saddam Hussein.