Comments on: Venezuela Devalues Its Currency http://livingoffdividends.com/2010/01/25/venezuela-devalues-its-currency/ Join me on my journey to achieve financial independence through dividends, passive income and investments Sat, 15 May 2010 01:48:25 -0800 http://wordpress.org/?v=2.8.1 hourly 1 By: Bret @ Hope to Proser http://livingoffdividends.com/2010/01/25/venezuela-devalues-its-currency/comment-page-1/#comment-85011 Bret @ Hope to Proser Fri, 05 Feb 2010 06:26:05 +0000 http://livingoffdividends.com/?p=1399#comment-85011 I feel so sorry for those poor people in Venezuela. It's a crime to have their Government spend them into ruin for a failed social agenda. (Hey that sounds a lot like the US.) It's a good thing Chavez wasn't able to put himself into power for life. Otherwise, they would be in the same boat as the poor Cubans and North Koreans. Any way, as you pointed out, investing in real assets offers the only real protection from hyper-inflation and currency devaluation. I feel so sorry for those poor people in Venezuela. It’s a crime to have their Government spend them into ruin for a failed social agenda. (Hey that sounds a lot like the US.)

It’s a good thing Chavez wasn’t able to put himself into power for life. Otherwise, they would be in the same boat as the poor Cubans and North Koreans.

Any way, as you pointed out, investing in real assets offers the only real protection from hyper-inflation and currency devaluation.

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