venezuela

  1. Venezuelans turn to Bitcoin to escape currency crisis

    Venezuelans turn to Bitcoin to escape currency crisis
    By now, most Americans are familiar with the economic basket case that is Venezuela. The country’s economy has collapsed, leaving the population desperate and starving. The human cost is highly visible and tragic, but what gets less attention is the way in which the government has destroyed the country’s currency, thereby making it impossible for citizens to buy basic necessities...
  2. Ron Paul Warns "Central Bankers Are Always Wrong...Especially Before A Bust"

    Ron Paul Warns "Central Bankers Are Always Wrong...Especially Before A Bust"
    The global dollar-based monetary system is in serious jeopardy, according to former Texas Congressman Ron Paul. And contrary to Fed Chairwoman Janet Yellen’s assurances that there won’t be another major crisis in our lifetime, the next economy-cratering fiat-currency crash could happen as soon as next month, Paul said during an interview with Josh Sigurdson of World Alternative media. Paul and Sigurdson...
  3. "Socialism Has Produced Some Very Powerful Millionaires": As Venezuelans Starve In The Streets, The Elites Party On

    "Socialism Has Produced Some Very Powerful Millionaires": As Venezuelans Starve In The Streets, The Elites Party On
    It’s always funny to debate socialists on the merits of their ideology. If you point to a country like Venezuela, and say “See! This is what socialism leads to,” they’ll no doubt claim that it isn’t a real example of socialism. But if you went back in time by just a few years, you’d find that their perception of Venezuela was quite different...
  4. Numbers Don't Matter in Hyperinflation - Welcome to A World of Broke Millionaires

    Numbers Don't Matter in Hyperinflation - Welcome to A World of Broke Millionaires
    For decades citizenry has been fooled to participate in a paper scam (government fiat). It’s a ticking time bomb before the majority realizes that their currency (that they expend all their energy for) is a horrible store of value. We have seen plenty of examples in the recent past where a countries currency experiences a death spiral which eventually leads to hyperinflation where the...
  5. Venezuela Devalues Currency 64% on New FX Auction Platform

    Venezuela Devalues Currency 64% on New FX Auction Platform
    Venezuela’s central bank devalued its weakest legal exchange rate nearly 64 percent in its latest currency system as the cash-strapped nation attempts to ease a shortage of dollars that’s emptied store shelves and fueled the word’s highest inflation. On Wednesday, central bank director Pedro Maldonado announced the results of the first auction in a revamped currency platform, known as Dicom, where it...
  6. Goldman Faces Venezuela Probe, Protest After Bond Purchase

    Goldman Faces Venezuela Probe, Protest After Bond Purchase
    Goldman Sachs Group Inc. faces a probe by Venezuela’s opposition leaders after buying bonds issued in 2014 by the state oil company, a purchase some lawmakers said bolsters President Nicolas Maduro as he grapples with accusations of human-rights violations. The South American nation’s legislature vowed to launch an investigation into whether the investment by Goldman Sachs’s asset-management arm broke any laws...
  7. Maduro Urges "I'm No Mussolini" As Venezuela Drifts Towards Civil War

    Maduro Urges "I'm No Mussolini" As Venezuela Drifts Towards Civil War
    “I am no Mussolini,” Venezuela’s beleaguered President Nicolas Maduro insisted on television early this month. But if things go on this way, he could end up like Mussolini. That would be very unfortunate for him and also for Venezuela. The daily street protests against Maduro’s rule are in their second month, and around 40 people have already been killed, most of them by the...
  8. What is Hyperinflation? (with Malay subs)

    What is Hyperinflation? (with Malay subs)
    https://www.youtube.com/watch?v=5lWJvVp8NLk For more information and the latest news about our economic conditions, visit: www.nubex.org Follow us on: Facebook: https://www.facebook.com/nubexers Instagram: https://www.instagram.com/nubex_my/ Twitter: https://twitter.com/nubextwit Can you imagine using your paper money as a wallpaper to decorate your house or burn them to provide heat during wintertime? Well, that’s what happened in Weimar Germany from 1921 to 1924 when its currency, the...
  9. Venezuela’s Crisis Has Professionals Scrubbing Toilets in Miami

    Venezuela’s Crisis Has Professionals Scrubbing Toilets in Miami
    The newest wave of migrants is arriving with college degrees and not much else. The newest members of the Venezuelan diaspora can be found every Friday at the Value Store It Self Storage in Doral, Fla. On the fluorescent-bright fourth floor, four units are stacked to the ceiling with donated sheet sets, towels, dishes, toys, clothes, and, on this day...
  10. Are Oil Prices to Blame for The Venezuelan Crisis? (Spoiler Alert: Of Course Not!)

    Are Oil Prices to Blame for The Venezuelan Crisis? (Spoiler Alert: Of Course Not!)
    Many analysts are venturing to link the crisis that plagues the Venezuelan economy with the fall in the price of crude oil. With oil being one of the most important commodity in Venezuelan production and the country’s main export product, it seems that the fall in the price would bring any country with an economic structure similar to Venezuela’s into a crisis. Similarly...

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