Venezuelan Rebel Cop Oscar Perez Massacred By The Government After He Surrendered

Venezuelan Rebel Cop Oscar Perez Massacred By The Government After He Surrendered

Note from Jose: This is information compiled by myself and from my trusted sources, who are near the place where this event took place. Some other references are from the Miami Herald and Venezuelan press. The events of January 15 were confirmed to me by the above-mentioned sources. There is a remarkable inconsistency between the information provided by the videos chronology and the official version.

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Recent Wave Of Looting Shows Extent Of Hunger In Venezuela

Recent Wave Of Looting Shows Extent Of Hunger In Venezuela:

The economic crisis and the food shortage in Venezuela is so serious that looting has become commonplace throughout the country. In January alone, nearly 400 small protests and more than 100 instances of looting have taken place across 19 states, according to the Venezuelan Conflict Observatory.

On Saturday, January 13, Venezuelans began looting for food in the states of Guárico and Zulia.

In Maracaibo — the capital of Zulia — residents looted a supermarket after waiting hours in line to buy corn flour. Violence broke out when they were informed that only members of pro-government community councils could make purchases.

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Shocking Footage Shows Crowd Of Hungry Venezuelans Slaughtering A Cow In The Open

…mobs of hungry Venezuelans have started looting supermarkets and slaughtering cattle in the open to survive

Shocking Footage Shows Crowd Of Hungry Venezuelans Slaughtering A Cow In The Open:

Venezuelan President Nicolas Maduro’s plan to order markets to slash prices of food – an attempt to combat speculation and rampant inflation of the bolivar – has apparently backfired as mobs of hungry Venezuelans have started looting supermarkets and slaughtering cattle in the open to survive, Reuters  reports.

Last week, we reported on near-riots that broke out in Caracas after the mandatory price cuts for food stoked widespread shortages as what little inventory that remained on market shelves quickly disappeared.

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Venezuelans resort to hunting cattle on ranches in order to field themselves. The same thing is to happen in Europe before, during and after #WW3, according to the seers.

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Venezuelan Soldier Shoots, Kills Pregnant Teen In Meat Market Melee

Venezuelan Soldier Shoots, Kills Pregnant Teen In Meat Market Melee:

Just when you thought things in the socialist South American utopia could not get any worse, The Guardian reports that a Venezuelan soldier is being held after opening fire on a group of citizens tussling over scarce meat and killing a pregnant teen.

Alexandra Colopoy was shot by First Sergeant David Rebolledo, according to a tweet by the state prosecutor late on Sunday night. No further details were provided, but critics of President Nicolás Maduro’s leftwing government seized on the incident, calling it a stark example of the oil-rich country’s meltdown.

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Oil-Rich Venezuela Is Out Of Gasoline

Oil-Rich Venezuela Is Out Of Gasoline:

After lining up for an entire day to get a plane ticket to visit her relatives in the western city of Mérida, Josefina García did not know if she and her octogenarian mother were going to reach their final destination on time for Christmas.

The airport is located 76 kilometers away from the city and when they tried to book a cab in advance to take them to the place where they were going to stay, the taxi company said they could not make bookings because there is a shortage of gas and management did not know if they were going to have enough fuel on the day of Josefina’s arrival.

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Venezuelan children are STARVING to death as food must now be delivered under armed guard

Hunger coming to a country near you very soon… (US and all of Europe!)

THIS is socialism: Venezuelan children are STARVING to death as food must now be delivered under armed guard

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Maduro Unveils “The Petro”: Venezuela’s Official Cryptocurrency To “Overcome Financial Blockade”

Maduro Unveils “The Petro”: Venezuela’s Official Cryptocurrency To “Overcome Financial Blockade”:

Three months ago, in a not entirely surprising move meant to circumvent US economic sanctions on Venezuela, president Nicolas Maduro announced that his nation would stop accepting dollars as payment for oil imports, followed just days later by the announcement that in a dramatic shift away from the Petrodollar and toward Beijing, Venezuela would begin publishing its oil basket price in Chinese yuan. The strategic shift away from the USD did not work quite as expect, because a little over two months later, both Venezuela and its state-owned energy company, PDVSA were declared in default on their debt obligations by ISDA, which triggered the respective CDS contracts as the country’s long-expected insolvency became fact.

Fast forward to today when seemingly impressed by the global crypto craze, Maduro on Sunday announced the creation of the “Petro“, Venezuela’s official cryptocurrency “to advance in the matter of monetary sovereignty, to make financial transactions and to overcome the financial blockade”.

“Venezuela announces the creation of its cryptocurrency, the Petro; this will allow us to move towards new forms of international financing for the economic and social development of the country,” Maduro said during his weekly television program, broadcast on the state channel VTV.

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Venezuela, in ‘selective default’, signs debt deal with Russia

Venezuela, in ‘selective default’, signs debt deal with Russia:

Moscow (AFP) – Venezuela signed a debt restructuring deal with major creditor Russia on Wednesday, as ratings agencies declared Caracas in partial default.

The country is seeking to restructure its foreign debts, estimated at around $150 billion, after it was hit hard by tumbling oil prices and American sanctions.

A Venezuelan delegation led by Finance Minister Simon Zerpa signed the deal restructuring $3.15 billion of debt taken out in 2011 to finance the purchase of Russian arms.

H/t reader squodgy:

“Looks like they’re prioritising their debt by re-arranging things with creditors they feel they’ll need in the future.
Rejection of America, who merely rape countries on behalf of bankers, is understandable, but that leaves China, Russia and the odd rebellious European renegade to climb aboard with the know incentive that they will be entitled to be involved in part of the biggest oil reserves in the world.”

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Bitcoin Surges Near $8000 Record Highs After Venezuela Default

Bitcoin Surges Near $8000 Record Highs After Venezuela Default:

We have already discussed the hyperbitcoinization of the Venezuelan economy and it appears, judging by the most recent surge, that tonight’s ‘official’ default events for the sovereign (and PDVSA) have triggered a further rush to the ‘safety’ of a decentralized store of wealth…

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Venezuela Signs $3.2 Billion Debt Restructuring Deal With Russia

Venezuela Signs $3.2 Billion Debt Restructuring Deal With Russia:

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 agreement are scarce, both sides reported that the deal spreads payments out over 10 years with minimal cash service required over the next six years.

Russia signed an agreement to restructure $3.15 billion of debt owed by Venezuela, throwing a lifeline to a crisis-wracked ally that’s struggling to repay creditors.

The deal spreads the loan payments out over a decade, with “minimal” payments over the first six years, the Russian Finance Ministry said in a statement. The pact doesn’t cover obligations of state oil company Petroleos de Venezuela SA to its Russian counterpart Rosneft PJSC, however.

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Venezuela, Russia Agree on Debt Restructure as Bondholders Meet

Venezuela, Russia Agree on Debt Restructure as Bondholders Meet:

President Maduro: “We have reached an agreement to refinance and restructure the debt with Russia”

Venezuelan President Nicolás Maduro announced this Sunday that the government had reached an agreement to refinance and restructure the Venezuelan debt with Russia.

“We have reached an agreement with Russia, this week will be signing an agreement where refinancing is established,” the president said.

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Venezuela Just 24 Hours Away From Formal Declaration Of Default

Venezuela Just 24 Hours Away From Formal Declaration Of Default:

ISDA has agreed to review a request to determine whether an event of default has occurred in Venezuela due to a delayed bond payment on PDVSA bonds which matured on Nov. 2. The ISDA Determinations Committee will hold its first meeting regarding PDVSA at 11am on Friday, November 10.

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Venezuela’s president, already mocked for gaining weight amid a hunger crisis, pulls out an empanada from his desk during a live TV address.

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“Tomorrow Will Be Ugly”: Venezuela To Restructure All Debt As Creditors Panic Over Imminent Default

“Tomorrow Will Be Ugly”: Venezuela To Restructure All Debt As Creditors Panic Over Imminent Default: 

One week ago, we and many others wondered, if the time has finally come for Venezuela, which was facing a “no grace period” $842 million principal payment for bonds issued by state-run energy company PDVSA, to default on its billions of unrepayable obligations. As we reported then, the liquidity crisis for Venezuela was especially acute because even if it did make the first PDVSA payment, it was facing a second, even larger one today, when PDVSA had to make another $1.121BN payment.

Well, despite a several day transfer delay, Venezuela did make the first payment, however it was not clear if Caracas would also make today’s payment, although as Reuters reported earlier, “markets remained optimistic that President Nicolas Maduro’s government will make the payment, though investors expect delays. PDVSA last week struggled for days to deliver funds for a separate bond payment amid confusion over which banks were charged with transferring the money.”

PDVSA bonds were down slightly in early trading on Thursday, while Venezuelan bonds were mixed, according to Thomson Reuters data.

However, as we previewed again last week, and as Reuters confirmed today, “most economists say a default is increasingly likely in the medium term as Venezuela’s collapsing socialist economic model has left the once-prosperous population destitute and led to deterioration of the OPEC nation’s vital oil industry.”

It now appears that that is indeed the case, and the long overdue Venezuela default, which has been speculated ever since 2014, is finally nigh, because during a nationwide TV address, Venezuela’s socialist president Nicolas Maduro said the country will seek to restructure its global debt after the state-owned oil company makes the PDVSA payment due at midnight. Maduro blamed a financial blockade that is preventing the nation from rolling over its debt, according to Bloomberg.

“I decree a refinancing and restructuring of all foreign debt and all Venezuelan payments,” Maduro said. “We’re going to a complete reformatting. To find an equilibrium, and to cover the necessities of the country, the investments of the country.”

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The Time Has Come: Venezuela May Be In Default In Under 48 Hours

The Time Has Come: Venezuela May Be In Default In Under 48 Hours:

The probability of a Venezuela default has increased substantially with coupon delays, and it could come as soon as this Friday, when an $842 million PDVSA principal plus interest payment is due, and which unlike typical bond payments, does not have a 30 day grace period,

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Venezuela: Mixed reaction online after election results

Venezuela: Mixed reaction online after election results:

Venezuela’s ruling socialists won a surprise majority in Sunday’s gubernatorial elections, prompting the opposition to refuse to accept the results and call on its supporters to take to the streets.

Tibisay Lucena, the president of the National Electoral Council (CNE), announced that the ruling party (PSUV) swept the regional elections, winning 17 of the 23 the governorships, with a turnout of more than 61 percent. 

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Venezuela has support of ‘whole world’ against US hostility: Maduro

Venezuela has support of ‘whole world’ against US hostility: Maduro:

Following a tour of Russia, Turkey and Belarus, Venezuelan President Nicolas Maduro says his country is receiving support from a “new world” thanks to the sanctions ordered by his US counterpart, Donald Trump, against Caracas.

Speaking on a weekly program on state TV on Sunday, Maduro said he has found out that his country “is not alone and has the sympathy, solidarity and support of the whole world.”

“A whole new world is opening up for Venezuela thanks to Trump’s sanctions,” Maduro said.

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