DiscussMormonism.com

Production quotas and prices have now been set for cooking oil, white rice, sugar, coffee, flour, margarine, pasta, cheeses and tomato sauce.

White rice, the staple for many Venezuelans, can now only be sold at a price of 2.15 bolivares (71p) per kilo. Private companies insist that production of that kilo costs 4.41 bolivares (£1.46) and that government regulations are impossible to fulfil and companies will quickly go broke. Companies that are dedicated to rice production must ensure that 80 per cent of their efforts are dedicated to white rice. The new regulations set production percentages, as companies were rebranding their products to avoid the government controls, like flavouring the rice, as the price restrictions apply only to white rice.

"Forcing companies to produce rice at a loss will not resolve the situation, simply make it worse," said Luis Carmona of Polar, a rice company that has been singled out by the government for trying to sidestep restrictions.

Government price controls on basic goods have been in place, in various forms, since 2003. But the restrictions have forced Venezuela to become increasingly reliant on imports of these products as local farmers will not supply the selected food staples at government prices.

Bc, what saves also kills. Look at the ever worsening world economic crisis. Once the Titantic hits the iceberg, there should be little faith in it keeping itself afloat.

cinepro wrote:I've heard more than one commentator speculate that "inflation will be Obama's Katrina"

Obama is such an autocratic Commie that he's bending over backwards to keep the banks from being nationalized

bcspace wrote:

Obama is such an autocratic Commie that he's bending over backwards to keep the banks from being nationalized

Ah yes. The bank plan so bad even the NY Times attacks it.