Venezuela sues DolarToday over claims of cyberterrorism

theguardian.com

24 points·kposehn··6 comments

DolarToday is awesome an interesting way, it publishes what is Cucuta exchange rate for Bolivar, which is taking a drubbing and gives a wonderful insight into the economic meltdown that is taking place in Venezuela for the past 2 -3 years. What Chavista politics/Socialism can do to a country.

The official exchange rate is 1 USD = 6.3 Bolivar but Cucuta rate is 1 USD = 820 Bolivar. Venezuela is basically trying to muzzle dolartoday, because there is impending election in December where Maduro et al. will like be facing a drubbing. So, the powers to be in Venezuela are doing everything possible, including shutting down this site, so that they can project both inside and outside that everything is hunky dory.

Venezuela is a cautionary tale of Latin Socialism.

Too, too true. I wouldn't hold my breath for Maduro and friends to lose that impending election, though. As another elected autocrat once said, democracy is like a streetcar: you ride it to the right stop, then you get off.

No fan of the Venezuelan government but I feel it's unfair to blame socialism. Bolivia is socialist and growing 7% per annum and doing fine. I'd say Venezuela is more a dumb version of Marxism. They'd actually do reasonably ok if they just dropped the stupid imaginary exchange rate stuff.

Bolivia will face the same thing. Sweden is going downhill from now on. Stagnating since 2007.

Here's the complaint for anyone interested:

http://www.pacermonitor.com/view/AUBIRDQ/Banco_Central_de_Ve...

Pity about our pesky First Amendment....

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