Venezuela to launch “Petro” cryptocurrency

Venezuela to launch “Petro” cryptocurrency

By Mike “Mish Shedlock With Venezuela in default as well as hyperinflation, president Maduro vows to fight a US “blockade” with the “Petro”. Reuters reports Venezuela to launch cryptocurrency to fight ‘blockade’: Maduro. President Nicolas Maduro said on Sunday that Venezuela will launch a cryptocurrency to combat what the leftist leader says is a financial “blockade” […]

S&P declares Venezuela in ‘selective default’

S&P declares Venezuela in ‘selective default’

Standard & Poor’s declared Venezuela in “selective default” on Monday, after it failed to make $200 million in payments on its global bonds, becoming the first credit ratings agency to do so. The agency said it acted after a 30-day grace period had passed on payments on two bonds. “We have lowered two issue ratings […]

Venezuela the new “dictatorship”

Venezuela the new “dictatorship”

A dozen foreign ministers from across the Americas have condemned Venezuela’s new constituent assembly, saying their governments will refuse to recognise the all-powerful body. Embattled Venezuelan President Nicolas Maduro convoked the constituent assembly in what he says is an attempt to resolve the nation’s political standoff but opposition leaders contend it is a power grab. […]

Venezuelan soldiers loyal to the socialist regime get the gift of…

Venezuelan soldiers loyal to the socialist regime get the gift of…

If you remain loyal to the tyrannical socialist regime in Venezuela, the kind-hearted government will reward your efforts. Now, soldiers can wipe their backsides, something the dirt poor populace is unable to do. Bernie Sanders didn’t win the Democratic primary, but he did score a major endorsement from Venezuelan President Nicolas Maduro, who called Sanders his “revolutionary […]

Socialism sucks: Venezuela runs out of gas, despite having the world’s largest oil reserves

Socialism sucks: Venezuela runs out of gas, despite having the world’s largest oil reserves

From Freedom’s Phoenix (Natural News) Truth be told, the socialist utopia of Venezuela really couldn’t be any further from paradise. The authoritative regime in charge has been openly hostile towards the private sector for decades, leading to economic dislocation, empty shelves at the grocery stores and nationwide poverty. It has gotten so bad that many […]

Venezuela’s foreign reserves will soon run out, raising threat of debt default

Venezuela’s foreign reserves will soon run out, raising threat of debt default

From Breitbart.com The government of Venezuela has little over $10 billion of foreign reserves cash, CNN reports, suggesting it will soon run out of funds completely. The nation’s socialist government has vowed not to default on its debts but has done little to stop the rapidly growing hyperinflation and spread of poverty and hunger. With $10.5 billion […]

Infants are now starving to death in socialist Venezuela

Infants are now starving to death in socialist Venezuela

(Natural News) Venezuela has a child malnourishment problem. Kids are fainting in classrooms and dying from hunger. Common images of Venezuelan children show how unhealthy and slim they are. Food shortages are causing major problems. Physicians are seeing cases they haven’t witnessed in nearly 40 years, including the fatal malnutrition condition known as marasmus. Children […]

Could Venezuela become the next Syria?

Could Venezuela become the next Syria?

This was among the topics of conversation this week at the Mining & Investment Latin America Summit in Lima, Peru. While there, I had dinner with a couple of Canadian lawyers who represented a few Latin American oil producers, some of them based in Venezuela. Things have gone from bad to worse, they informed me. […]

Venezuelan president meets with opposition leaders amid political crisis

Venezuelan president meets with opposition leaders amid political crisis

Venezuela’s embattled leader Nicolas Maduro shakes hands with opposition leaders. It is the first time this year that the two opposing sides have sat down together to find a solution to the political crisis. The Democratic Unity coalition has led mass protests after authorities suspended the vote to recall the socialist president.Some in the opposition […]

Venezuela, Iran, USA and narco-terrorism

Venezuela, Iran, USA and narco-terrorism

By Susan Warner / Gatestone Institute Amidst the unspeakable economic distress facing residents of Venezuela today, security experts have identified yet another major cause for concern emanating from this once prosperous, oil-rich nation: Iran is moving in, partnering with Venezuela’s prosperous drug traders and creating a foothold there, as well as in other “friendly” Latin […]