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  • Venezuela's inflation hits more than 40,000% as everyone dumps its currency 'like a hot potato'

    Venezuela's inflation rate has hit a new high, according to university research, with consumer prices in the crisis-ridden country rising by more than 40,000% annually for the first time on record.
    Steve Hanke, an applied economics professor at Johns Hopkins University, told Business Insider on Friday that annual inflation in the country has risen as high as 41,838%. Hanke, who calculated the inflation figure, has tracked prices in the country for more than two decades.
    Venezuela's government has largely stopped reporting economic data, including internal measures of inflation. The Central Bank of Venezuela, which did not immediately respond to request for comment, has not independently released inflation figures in at least a year.
    Venezuelan President Nicolas Maduro has passed blame for the roiled economy onto others, including opposition activists and officials in Washington. At a campaign rally in May, he blamed hyperinflation on "criminal mafias."
    http://www.businessinsider.fr/us/ven...urrency-2018-6

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    • Venezuelan government: Drone strikes targeted Maduro
      Drones armed with explosives detonated near Venezuelan President Nicolas Maduro as he gave a speech to hundreds of soldiers in Caracas on Saturday but the socialist leader was unharmed, according to the government.
      https://abcnews.go.com/amp/Internati...mpression=true

      Other reports said it was a gas leak.

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      • I opened a new thread in "news and current events" about what you talk about (the drones attack) here HisRoyalHighness , I didn´t know you have mentioned here...

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        • Ambassador Haley to announce $9 million in U.S. aid for Venezuelans in Colombia

          By Franco Ordoñez


          August 08, 2018 06:00 AM

          Updated August 08, 2018 07:04 PM
          WASHINGTON

          The Trump administration will provide an additional $9 million in humanitarian aid for Venezuelan refugees who have fled into Colombia, U.S. officials told McClatchy.

          Nikki Haley, U.S. ambassador to the United Nations, will announce the funds on Wednesday, provided through the U.S. Agency for International Development, during a visit to the Colombia-Venezuela border where tens of thousands of Venezuelans cross the Simon Bolivar bridge into Cúcuta, Colombia every day seeking food, medical assistance and work.

          Haley led a U.S. presidential delegation to Colombia this week for the inauguration of the new Colombian President Ivan Duque Marquez on Tuesday. She then traveled to the border to “get a first-hand look at how Venezuela’s humanitarian crisis is affecting the region.”


          The region is under alert as millions of Venezuelans have fled the once-mighty nation amid government mismanagement and record-breaking inflation. The economy has largely collapsed and millions have been left short of food and medicine.

          The $9 million to be announced Wednesday is part of the State Department’s Bureau of Population, Refugees, and Migration and U.S. Agency for International Development’s contributions of $46 million in U.S. humanitarian assistance for the regional Venezuelan crisis.

          Read more here: https://www.mcclatchydc.com/news/nat...#storylink=cpy

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          • Venezuela's president has said its subsidised fuel prices should rise, to stop smugglers cheating the country out of millions of dollars.
            "Gasoline must be sold at an international price to stop smuggling to Colombia and the Caribbean," Nicolás Maduro said in a televised address.
            Like many oil producing nations, Venezuela offers its citizens heavily subsidised petrol.
            Smugglers can then line their pockets reselling the oil in nearby countries.
            Venezuela's economy is in freefall, with inflation rates estimated to reach a million percent this year - but the price of oil has barely changed.
            - https://www.bbc.com/news/world-latin-america-45179671

            I don't think Maduro is going to last long.
            Wasn't there an article posted here a while ago, about how he keeps his security forces/bodyguards on side by giving them priority in food lines?!

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            • Originally posted by CourageAboveAllValues View Post
              - https://www.bbc.com/news/world-latin-america-45179671

              I don't think Maduro is going to last long.
              Wasn't there an article posted here a while ago, about how he keeps his security forces/bodyguards on side by giving them priority in food lines?!
              I really don't see Maduro getting overthrown any time soon. The whole government, at every level, runs on dirty dealing and corruption. There is no alternative to the current power structure. Everyone who is competent or honest is leaving the country.

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              • The purge after the Supossed attack against Maduro has started (In Spanish):

                https://elpais.com/internacional/201...33_558201.html

                Basically 14 arrested in Venezuela among 34 involved. Among them some military officers and politicians.

                A part of the country is outraged for some pics leaked that show an oposition deputy arrested, in a police facility, with shit stains in his underwear.

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                • Originally posted by Vox View Post

                  I really don't see Maduro getting overthrown any time soon. The whole government, at every level, runs on dirty dealing and corruption. There is no alternative to the current power structure. Everyone who is competent or honest is leaving the country.
                  As Venezuelan who fled 2005, I second this statement. He isn't going anywhere and everyone with any sort of authority is trying to steal as much as they can while there is something to steal.

                  Also, Venezuelan intelligence agencies must be the best in the world in order to come up with 34 people in a matter of days. FBI, CIA, MI6 and Mossad ain't got nothing on them...

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                  • Matter of days?. They knew who were the perpetrators minutes after the attack, they knew also which explosive was also in minutes.

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                    • I know right, its like fantasy land and some people believe in it.

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                      • It's heartbreaking....

                        The Bridge of Desperation

                        The humanitarian crisis in Venezuela has led to one of the largest mass migrations in Latin America’s history.


                        Four in five Venezuelans live in poverty. People queue for hours to buy food. Much of the time they go without. People are dying from a lack of medicines. Inflation is at 82,766% and there are warnings it could exceed one million per cent by the end of this year.

                        Venezuelans are trying to get out. The UN says 2.3 million people have fled the country - 7% of the population. More than a million have arrived in Colombia in the past 18 months.

                        Many of those Venezuelans have come over the Simón Bolívar International Bridge.

                        https://www.bbc.co.uk/news/resources...nezuela_bridge

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                        • See? Socialism works!

                          Video of Venezuela's President Nicolás Maduro eating in an upscale steak restaurant in Turkey has caused outrage in crisis-hit Venezuela.
                          The images show Turkish celebrity chef Nusret Gokce, also known as "Salt Bae" carving meat in front of the president and his wife, Cilia Flores, at Gokce's Nusr-Et restaurant in Istanbul.
                          Almost two-thirds of Venezuelans have reported losing weight as shortages of food worsened in recent years.
                          Red meat is especially scarce.
                          https://www.bbc.com/news/world-latin...ource=facebook


                          He looks pretty hefty for some who has "lost weight".

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                          • Originally posted by Cowboy's daughter View Post
                            It's heartbreaking....

                            The Bridge of Desperation

                            The humanitarian crisis in Venezuela has led to one of the largest mass migrations in Latin America’s history.


                            Four in five Venezuelans live in poverty. People queue for hours to buy food. Much of the time they go without. People are dying from a lack of medicines. Inflation is at 82,766% and there are warnings it could exceed one million per cent by the end of this year.

                            Venezuelans are trying to get out. The UN says 2.3 million people have fled the country - 7% of the population. More than a million have arrived in Colombia in the past 18 months.

                            Many of those Venezuelans have come over the Simón Bolívar International Bridge.

                            https://www.bbc.co.uk/news/resources...nezuela_bridge
                            I have numerous relatives who have crossed into Colombia over the last two years. They say its truly one sad view with a river of people going back and forth everyday. Many trying to relocate to Colombia looking for work, others shopping for the basics and coming back and others on their way to other Andean countries.

                            Upon reading the article its wild how young mothers show up with multiple little kids looking for the basics in Colombia. Perhaps teens and young adults should realize that getting loaded up with kids in a country falling apart isn't smart... I guess preventing the poor from reproducing like rabbits is a problem, whether in the US or the third world.
                            Last edited by Lord Helmet; 20-09-2018, 11:38 AM.

                            Comment


                            • Originally posted by Ivan le Fou View Post
                              See? Socialism works!



                              https://www.bbc.com/news/world-latin...ource=facebook


                              He looks pretty hefty for some who has "lost weight".
                              It's not socialism, something far worse is on the horizon. lol Wait I shouldn't laugh. lol

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                              • Where Ocasio-Cortez and Bernie Sanders would have America end up at...

                                https://www.miamiherald.com/news/article221337725.html

                                MARACAY, Venezuela

                                Rafael Toro, a student at Venezuela’s top veterinary school, suspected something was amiss when a beloved horse called Miss Congeniality didn’t greet him at the fence one recent morning along with others in the campus’ small herd.

                                The bright-eyed, bay-colored mare had earned her nickname for helping disabled students overcome their fear of riding horses. They say she was smart and even trotted up when you called her name.

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