from venezuela

[Silent Earth]

The Venezuelan regime praised by Jeremy Corbyn is knocking three zeros off all its currency in a last-ditch effort to tame out-of-control inflation.

The country has seen prices soar by more than 2,350 per cent in the past year.

At present, the largest note is worth 100,000 bolivars, just enough for a cup of coffee. It will be replaced by a new 100-bolivar note, on June 4.

For years, the British Left hailed Venezuela as a shining alternative to capitalism. Mr Corbyn has long been a cheerleader for the regime and praised leader Hugo Chavez when he died in 2013.

Propped up by huge revenues from its oil reserves, the state embarked on a spending spree. But an unexpected drop in oil prices triggered crippling food and medicine shortages.

The currency has crashed by 99.99 per cent against the dollar since April 2013.

 

[SheilaT.]

I've never really had issues with politicians, they're all much of a muchness but Jeremy Corbyn scares me. To the point we have already made a contingency plan of what we will do as a family should he ever win an election. Frankly, I find him a far bigger threat to the UK and our way of life than anything we might think we are staring at in the present.