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Under the crippling weight of massive currency inflation, food shortages, power outages, increasing disease prevalence, a fall in oil prices, drought and political mismanagement – Venezuela has essentially become a failed state.

What did the late President Hugo Chávez and the United Socialist Party of Venezuela do to lead the country down this path? What has new President Nicolás Maduro done as he’s ruled the country by decree? Why aren't you hearing more about the origin of these economic problems and what does this mean for neighboring countries?

There Will Be No Economic Recovery. Prepare Yourself Accordingly.

 

Sources

http://www.reuters.com/article/us-venezuela-usa-idUSKCN0Y42MT
http://www.cnn.com/2016/05/15/americas/venezuela-slide-into-crisis/
http://www.aljazeera.com/programmes/insidestory/2016/05/venezuela-brink-collapse-160516180235194.html
http://www.theatlantic.com/international/archive/2016/05/venezuela-is-falling-apart/481755/
http://www.foxnews.com/world/2016/05/15/us-officials-concerned-about-possible-coup-in-venezuela.html
http://www.forbes.com/sites/ellenrwald/2016/05/16/the-radical-option-to-save-venezuela/#9975a8c113a9
http://hotair.com/archives/2016/05/15/socialist-paradise-venezuela-isnt-doing-so-well/
http://www.zerohedge.com/news/2016-04-27/end-venezuela-runs-out-money-print-new-money
https://panampost.com/sabrina-martin/2016/05/11/venezuela-looting-wounded-5000-supermarket/
http://reason.com/blog/2016/05/16/venezuela-spends-dumb-things-collapse
http://www.marketoracle.co.uk/Article40798.html
http://www.unbiasedamerica.com/media/capitalism-vs-socialism-chile-vs-venezuela
http://reason.com/archives/2016/05/17/venezuela-the-victim-of-decades-of-losse
http://www.ft.com/cms/s/0/97dce28e-7b18-11e4-87d4-00144feabdc0.html#axzz491q4Be9A

  • 1 month later...
Posted

I think it's interesting that my dad saw this coming 30 some years ago which is why I was born in Venezuela but raised in the US. I'm now seeing in the US, the things my parents saw in Venezuela and left to avoid. Scary. People did enjoy a wonderful life there but they did have a rampant attitude problem of complacency and a lack of philosophical views pertaining to virtue and truth. Basically, what we are seeing spread here in the US. 

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