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Venezuela ‘s Economy In Deep Crisis: Is the Abyss Near?

February 26th, 2014

The so-called “Bolivarian Revolution,” the term used by the left-wing regime in Caracas to describe the social and economic experiment they have imposed on Venezuela for the last 15 years, has made the late Venezuelan leader, Hugo Chavez, and his hand-picked successor, President Nicolas Maduro, the darlings of left-leaning pundits. But the charade that is the Venezuelan economy, built on the world’s 5th largest proven oil reserves and official economic statistics that have no connection with reality, appears to be on the verge of collapse. Rocketing inflation, a currency rapidly losing its intrinsic value, and an economy that cannot even produce  or purchase enough toilet paper for its citizens, combined with one of the worst murder rates in the world, have brought the masses, in the tens of thousands, into the streets.

The so-called progressive regime in Venezuela has reacted to the public protests in a manner not dissimilar to other repressive regimes; brutal suppression by the authorities , including the use of live ammunition, and arresting a key opposition figure  and other “troublemakers.”

An excellent analysis of the economic and political chaos that is occurring in Venezuela appeared recently in the Toronto Globe and  Mail,  written by Stephanie Nolen  and entitled, “With oil economy running on fumes, Venezuela ‘on the edge of the apocalypse.’ ” The link to the article is here; http://www.theglobeandmail.com/news/world/venezuelas-economy-on-the-edge-of-the-apocalypse/article16845406/


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Hillary Clinton Nude

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Hillary Clinton Nude







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