Venezuela

Swamped in Inflation, Venezuela Will Cut Five Zeros from Currency
Bolivars
WRAL | MEDELLÍN, Colombia — Faced with nearly incomprehensible inflation — 32,714 percent as of Wednesday — Venezuelan officials thought they had a solution: They changed the color of the bank notes and increased their...
Military Seizes Control Of Water Supplies As Venezuelan Infrastructure Collapses
March
ZeroHedge | If there's one group that has benefited from Venezuela's economic collapse, it's the country's military, which has been handed control over much of the country's remaining industry as the collapse has intensified....
Tillerson floats possible Venezuelan military coup
Tillerson
TheHill | Secretary of State Rex Tillerson said Thursday that the U.S. does not advocate for "regime change" in Venezuela, but speculated that the country's military could move to oust President Nicolás Maduro. Speaking at the...
Venezuela Signs $3.2 Billion Debt Restructuring Deal With Russia
PUtin Maduro
ZeroHedge | As Venezuela teeters right on the brink of complete financial collapse, Bloomberg reports that Russia has agreed to restructure roughly $3.2 billion in outstanding obligations.  While details of the restructuring...
Venezuela May Be In Default In Under 48 Hours
Venezuela
ZeroHedge | This past weekend, Venezuela failed to make $237 million in bond coupon payment, blaming "technical glitches" when in reality it simply did not have the money (or wish to part with it). Adding the $349 million in unpaid...
Venezuela’s Inflation to Reach 1 Million Percent, IMF Forecasts
Bloomberg | Venezuela’s inflation will skyrocket to 1 million percent by the end of the year as the government continues to print money to cover a growing budget hole, the International Monetary Fund predicted on Monday. The crisis...
Venezuela Inflation Rises to 43,378%!
Bolivar
TheWeek | Five million Venezuelan bolivars is the equivalent of $1.45. It's also roughly a minimum-wage worker's entire monthly salary in the South American country. Thanks to stunning inflation, it now takes 1 million bolivars...
State Department pays think tank nearly $1 million to work with Venezuelan opposition
Venezuela
FresnoBee | WASHINGTON - A little known bureau of the U.S. State Department is giving nearly $1 million to a Washington think tank to promote peace in Venezuela and start identifying the building blocks for a new democratically run...
Venezuela Officially Declared In Default
Tear Gas
ZeroHedge | Today at 11am, the ISDA Determinations Committee sits down to decide whether an event of default has occurred due to the delayed principal payment on the Petroleos de Venezuela SA, or PDVSA, bond that matured Nov. 2,...
In Venezuela, they were teachers and doctors. To buy food, they became prostitutes.
MiamiHerald | ARAUCA, Colombia At a squat, concrete brothel on the muddy banks of the Arauca River, Gabriel Sánchez rattled off the previous jobs of the women who now sell their bodies at his establishment for $25 an hour. “We’ve...
Venezuela's Maduro Regime Steps Up Crackdown on Dissidents
Maduro
Bloomberg | Venezuela’s government is intensifying its crackdown on critics of President Nicolas Maduro, ordering the detention of the husband of former Public Prosecutor Luisa Ortega Diaz and separate investigations of prominent...
Stanford University course to study ‘abolishing whiteness’
Stanford
CollegeFix | Anthropology course will explore ‘coming to terms with white identity’ Stanford University is slated to offer a class this fall called “White Identity Politics,” during which students will “survey the field of whiteness...
Venezuela's currency crumbles at dizzying speed
Bolivar
France24 | CARACAS (AFP) - Venezuela's money, the bolivar, is sinking faster and faster under an intensifying political and economic crisis that has left citizens destitute and increasingly desperate. Its depreciation accelerated...
US hits Nicolás Maduro with sanctions after Venezuela's 'sham' election
Nicolas Maduro
Guardian | The US government has imposed financial sanctions on Venezuela’s president, Nicolás Maduro, after the election of a new legislative body to redraft the country’s constitution in a vote described by Washington as a “sham...
Venezuelans Eating Dogs, Zoo Animals as Economy Collapses
Carne en Vara
Breitbart | Venezuela’s opposition published photos this weekend of men butchering a dead dog on the streets of Caracas, preparing the meat for cooking in a nation that has been forced to take increasingly extreme measures to avoid...
‘Hope Is Gone’ for Venezuelan Opposition
Protests
WSJ | CARACAS, Venezuela—Wuilly Arteaga became a symbol of Venezuela’s protest movement as he played patriotic hymns from his violin in the face of tear gas and rubber bullets. Then he was arrested and beaten. When the 23-...
Pence says 'failed state' in Venezuela threatens United States
Mike Pence
Reuters | WASHINGTON/BOGOTA (Reuters) - U.S. Vice President Mike Pence said on Monday the United States would bring all its economic and diplomatic power to bear to see democracy restored in Venezuela, saying a failed state there...
Venezuelan Currency Madness Valued Local Bank More Than Apple
Mercantil Servicios Financieros
Bloomberg | What does it take to surpass Apple Inc. as the world’s most valuable traded company? One way is to be listed in Venezuela, with its massively overvalued currency. Venezuelan stocks are ascending the ranks of the most...