Venezuela’s President Wants To Now Rule By Decree

Venezuelan President Nicolas Maduro holds a figure of local pagan saint Jose Gregorio Hernandez as he prays for the health of Argentina's President Cristina Fernandez at the National Assembly in Caracas October 8, 2013. REUTERS/Jorge Silva

Venezuela’s Maduro Seeks To Rule By Decree -- Financial Times

Nicolás Maduro, Venezuela’s president, is seeking special power to rule by decree in order to wage “economic war”, as he battles a litany of problems with a loosening grip on power.

Currency market distortions have fuelled worsening shortages of food and basic goods from milk to toilet paper alongside high and rising inflation, posing a threat to the late Hugo Chávez’s socialist revolution. Price controls as well as endless fiddling with strict but ineffective exchange restrictions have generated a scarcity of foreign currency on which the import-dependent economy relies.

Mr Maduro, who served as Mr Chávez’s foreign minister and vice-president, has asked for “special powers” for 12 months from the country’s national assembly, to “fight against corruption and the economic war declared by the bourgeoisie against the people”. The president claims members of the “fascist” opposition, with support from the US, are “sabotaging” the economy in order to bring down the government.

Read more ....

More News On Venezuela’s President Wanting To Now Rule By Decree

Maduro seeks decree powers from Venezuela lawmakers -- Reuters
Venezuelan Leader Seeks to Expand His Powers -- Wall Street Journal
Venezuelan President Nicolas Maduro asks lawmakers to give him the power to rule by decree -- Washington Post/AP
Venezuelan President Nicolás Maduro asks for decree powers -- Miami Herald
Venezuelan president seeks 'decree' powers -- Al Jazeera
Venezuelan President Maduro Requests Decree Powers From Congress -- Bloomberg Businessweek

My Comment: Socialist dictatorships .... and this is what is going to be the case for Venezuela .... will only guarantee more poverty and misery. Here is an easy prediction .... Venezuela is now entering a very dark period.