Greetings from the state of Aragua in Venezuela where we are concluding a small US delegation focused on grassroots solutions to the massive food crisis here.
I am reaching out to you to share my grave concerns about what is happening here in Venezuela, my home for over three decades where I worked for 21 years as a Maryknoll Catholic lay missioner, then as Latin America Coordinator for the School of the Americas Watch.
It is out of concern for the most vulnerable sectors in Venezuela, such as my neighbors, that I break my silence to write. As I watch their efforts to obtain food for their families become more desperate and more futile, and as I witness pounds dropping from their bodies, I think the time has come to do more than share from my own scarce cupboards and gardens as they share with me. Continue reading »
Venezuela is preparing for the biggest military exercises in its history on Saturday after the South American country’s government said it’s on high alert as the opposition pushes for a recall referendum on President Nicolas Maduro. “This is the first time we are carrying out an exercise of this nature in the country. In terms of national reach, it’s going to be in every strategic region.”
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Venezuela’s opposition leader Henrique Capriles urged Venezuelans Tuesday to defy a state of emergency decreed by the government as it grapples with an acute political and economic crisis. Capriles spoke as the opposition-controlled congress prepared to debate the sweeping measures decreed by President Nicolas Maduro. He said lawmakers will probably reject the measures, and that if the government insists they remain in force “it is up to us… to ignore this decree.”…
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“Comrades, I am ready to hand over to communal power the factories that some conservative big wigs in this country have stopped. An idled factory is a factory handed over to the people. We are going to do it, fuck it” Venezuela President Maduro boomed at a weekend rally during which he warned that “trouble-makers were fomenting violence to justify a foreign invasion” and ordered military exercises for next weekend.
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“You can hear the ice cracking. You know there’s a crisis coming… If you obstruct the democratic way, we do not know what could happen in this country. Venezuela is a bomb that could explode at any moment.”
As Venezuela gives the world a first hand look at how socialism ends, the U.S. is growing more and more concerned about how everything is going to play out once the meltdown is complete.
The concern of course is valid, as at this point, the immediate future looks quite grim. Looters have taken to the streets, clearing supermarket shelves of all available food as the country begins to starve, and in order to try and preserve the what little time he has left, president Maduro recently declared a 60-day state of emergency.
According to Reuters, senior U.S. officials doubt that President Maduro will be able to complete his term, which ends after elections in late 2018. As the U.S. kicks around possible scenarios for how this will all end, from a referendum vote to military coup, one thing is becoming more and more certain: “You know there’s a crisis coming.” Continue reading »
“We are rather waiting for things to get truly out of hand. And that will happen in the following months. The situation is extremely unstable and the status quo can’t last. We are witnessing daily looting at supermarkets, and people are protesting.”
Food Shortages Cause Daily Looting, Energy Crisis Worsens as National State of Emergency Approaches
In recent months, Venezuelan citizens have taken to the streets to demand solutions to the current economic crisis from the government. Many have even requested President Nicolás Maduro’s resignation.
The Venezuelan state has responded to these protests with repression. Certain office holders have been accused of committing human rights violations. As a result, political leaders from the opposition have asked the Venezuelan security forces — especially the army and the Bolivarian National Guard — to denounce any crimes that the state has committed. Continue reading »
Sadly, last night as starving citizens looted marketplaces in search of food, we predicted that a civil war was almost inevitable, and that Nicolas Maduro would do what he could to hang on for dear life (literally). Today we learn, with his entire socialist utopia literally crumbling beneath him, Venezuelan president Maduro has declared a 60-day state of emergency. Continue reading »
Over the last several years we have documented with clockwork regularity Venezuela’s collapse into failed state status, which was cemented several weeks ago when news hit that “Venezuela had officially run out of money to print new money.” At that point the best one could do was merely to step back and watch as local society and civilization turned on itself, unleashing what would ultimately turn into Venezuela’s own, sad apocalypse.
Last night we showed what Caracas, looks like this week:
As we wrote then these are simply hungry Venezuelans protesting that their children are dying from lack of food and medicine and that they do not have enough water or electricity. As AgainstCronyCapitalism added, this is a country with more oil than Saudi Arabia, and the government has stolen all the money and now they bottleneck peaceful protesters and threaten them with bombs (or haul them to prison and torture them). Continue reading »
The situation in Venezuela is reaching all out chaos, as crippling socialist policies have resulted in a devastating power and food shortage, as well as looming political instability. This is Caracas today…
These are hungry Venezuelans protesting that their children are dying from lack of food and medicine and that they do not have enough water or electricity. As AgainstCronyCapitalism reports, this is a country with more oil than Saudi Arabia, and the government has stolen all th emoney and now they bottleneck peaceful protesters and threaten them with bombs (or haul them to prison and torture them).
On the other side, Vice President Aristobulo Isturiz, speaking on state television, said that a separate march will be held to support the extension of President Nicolas Maduro’s economic emergency decree.
Now, hunger and scarcity have apparently reached a tipping point that is driving people to poach stray animals and even pets for food.
The situation in hyperinflating socialist paradise Venezuela just moved one step closer to chaotic totalitarianism. With President Maduro clinging to power (thanks to his military ‘assistance’) amid growing social unrest (1.8 million signatures gathered seeking a referendum to remove him), FoxNews Latino reports German Mavare, leader of the opposition UNT party, died Friday after being shot in the head, asassinated in the western state of Lara, according to his organisation. Maduro has appeared on State TV tying Mavare to “armed groups” and suggested that more right-wing politicians are potential targets.
The Venezuelan people are growing increasingly angry at the nightmare of economic squallor Nicolas Maduro appears to have laid at their door (thanks in large part to an overly-generous socialist agenda runnining out of other people’s petrodollars)…
In less than a week, more than 1.8 million people in Venezuela signed petitions seeking a referendum to remove President Nicolas Maduro from office. That’s nine times the required 200,000 signatures. Continue reading »
I believe there is a very strong possibility that President Chavez was assassinated. There were notorious and documented assassination attempts against him throughout his presidency. Most notable was the April 11, 2002 coup d’etat, during which he was kidnapped and set to be assassinated had it not been for the unprecedented uprising of the Venezuelan people and loyal military forces that rescued him and returned him to power within 48 hours. I was able to find irrefutable evidence using the US Freedom of Information Act (FOIA), that the CIA and other US agencies were behind that coup and supported, financially, militarily and politically, those involved. Later on, there were other attempts against Chavez and his government, such as in 2004 when dozens of Colombian paramilitary forces were captured on a farm outside of Caracas that was owned by an anti-Chavez activist, Robert Alonso, just days before they were going to attack the presidential palace and kill Chavez.
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Dr. Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.
By Paul Craig Roberts
According to President Obama, the world’s only superpower, the unipower, the exceptional country is threatened by small Venezuela in South America !
In an executive order last year, renewed this year, President Obama declared Venezuela to be an “unusual and extraordrinary threat to the national security and foreign policy of the United States” and declared a “national emergency” to counter the “Venezuelan threat”
( http://latino.foxnews.com/latino/politics/2016/03/03/obama-extends-order-declaring-venezuela-national-security-threat/ ).
This manufactured “extraordinary threat” serves as the Obama regime’s excuse for overthrowing President Maduro in Venezuela. It is a Washington tradition to overthrow elected Latin American governments that try to represent the interest of the people, and not the interest of US corporations and banks. Continue reading »
Back in February, when we commented on the unprecedented hyperinflation about the be unleashed in the Latin American country whose president just announced that he would expand the “weekend” for public workers to 5 days…
… we joked that it is unclear just where the country will find all the paper banknotes it needs for all its new physical currency. After all, central-bank data shows Venezuela more than doubled the supply of 100-, 50- and 2-bolivar notes in 2015 as it doubled monetary liquidity including bank deposits. Supply has grown even as Venezuela has fewer U.S. dollars to support new bolivars, a result of falling oil prices. Continue reading »
Overnight things went from comical to farcical overnight when the Venezuela gift kept on giving, and the nation expanded the three-day weekend to five days, declaring a two-day work week for government workers, adding it was seeking international help to save its power grid amid a drought that threatens the capital’s main source of electricity. The two-day work week, after the government added Wednesdays and Thursdays as non-working days to save more power.
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Tags: Austria, Bail-ins, Banking, Barack Obama, Bonds, Brazil, Collapse, Debt, Economy, EU, Europe, Fed, Federal Reserve, Global News, Government, Italy, Janet Yellen, Obama administration, Politics, Society, U.S., Venezuela
Apr 4, 2016
Jeff Berwick’s new viral video, “Elite’s Planning Economic Crisis in 2016 http://surviveshemitah.com/TDV1127EY3G/
In this video Luke Rudkowski and Jeff Berwick travel down to Caracas Venezuela to give you a report on how people live in socialism. We not only give you a detailed update on life in Caracas but a complete social and economic breakdown of the situation on the ground.
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Mainstream news outlets are already starting to use the phrase “economic collapse” to describe what is going on in some areas of our world right now. For many Americans this may seem a bit strange, but the truth is that the worldwide economic slowdown that began during the second half of last year is starting to get a lot worse. In this article, we are going to examine evidence of this from South America, Europe, Asia and North America. Once we are done, it should be obvious that there is absolutely no reason to be optimistic about the direction of the global economy right now. The warnings of so many prominent experts are now becoming a reality, and what we have witnessed so far are just the early chapters of a crushing economic crisis that will affect every man, woman and child in the entire world. Continue reading »
“Now things are worse than ever,” says Yuli Sánchez. “They kill people and no one is punished while families have to keep their pain to themselves.“… “This is now wilder than the wild west.“… “Venezuela is pure chaos now. It seems to me there is no way back,” the former policeman says.
When we previewed Venezuela’s upcoming hyperinflation, which in January was predicted to be 720% and as of this moment is likely far higher…
… we said “This Is What The Death Of A Nation Looks Like” and said “there is no good news in any of the above for the long-suffering citizens of this “socialist paradise” which any minute now will be downgraded to its fair value of “socialist hell.” Continue reading »
When we last checked in on everyone’s favorite Latin American socialist paradise, Venezuela, President Nicolas Maduro’s opponents “had gone crazy.” Or at least that’s how Maduro described the situation in a “thundering” speech to supporters at what he called an “anti-imperialist” rally in Caracas in mid-March.
Meanwhile, thousands of demonstrators had been holding counter-rallies calling for the President’s ouster. Maduro angered the opposition – which dealt Hugo Chavez’s leftist movement its worst defeat at the ballot box in history in December – the previous month when he used a stacked Supreme Court to give himself emergency powers he says will help him deal with the country’s worsening economic crisis. Continue reading »
Caracas, February 22, 2016 (venezuelanalysis.com) – Venezuela’s Central Bank announced Monday that it would begin printing 500 and 1000 Bolivar bills while phasing out bills of smaller denominations.
The move comes in response to the country’s soaring inflation– born of an economic crisis triggered by the collapse of global oil prices– which averaged 141% in 2015, according to official figures released last month.
In addition to printing larger bills, the Central Bank will gradually ease 2 and 5 Bolivar bills out of circulation in an effort that is expected to improve the efficiency of the monetary system, reducing costs and alleviating long lines to withdraw cash. Continue reading »
Two weeks ago, shortly before noting that Venezuela’s CDS is now at the same level where Greece was 3 months before its default, we wrote that as a result of a recently implemented gold swap with Deutsche Bank, Venezuela was preparing to liquidate its remaining gold holdings (ostensibly temporarily, if only on paper) in order to pay down its upcoming debt maturities.
As it turns out Venezuela has already started moving much of its gold reserve to Europe where it will be located closer to swap-provider and ultimate custodian, and liquidator, Deutsche Bank, by way of Switzerland. According to BullionStar, Switzerland has imported a net of 35.8 tonnes of gold from Venezuela in January 2016.
And so, the gold which deceased Venezuela leade Hugo Chavez so painstakingly tried to collect from Europe, is just a few short years later, about to make its way back to where it came from. Continue reading »
Just imagine what will happen, when the entire financial system will collapse.
This article was written by Daisy Luther and originally published at TheOrganicPrepper.ca.
Editor’s Comment: The current crisis is very unfortunate for the population of Venezuela, which includes large numbers of very poor people. It is a prime example of a socialist nightmare state, where obsession with central control and distribution has forced people to turn to the black market and alternative solutions to survive.
Apparently, it is only going to get much worse. And like the political climate of a country that has outlawed guns and implemented tyranny, the autocratic government outlawed prepping, and only encouraged its people to pray for an economic miracle of socialism that would never come, while they wait dependent, hungry.
Venezuela Is Out of Food: Here’s What an Economic Collapse Really Looks Like
by Daisy Luther
Venezuela is out of food.
After several years of long lines, rationing, and shortages, the socialist country does not have enough food to feed its population, and the opposition government has declared a “nutritional emergency.” This is just the most recent nail in the beleaguered country’s slow, painful economic collapse. Continue reading »
Call it fingerprints for food. In the latest effort to keep shelves stocked in Venezuela, the government on Tuesday will begin registering the biometric information of customers who use state-run grocery stores.
President Nicolás Maduro says the measure will prevent hoarding and help keep price-controlled food from being resold for a profit on the black market. Food Minister Félix Osorio said those who sign up for the program by registering their fingerprints will be eligible for discounts and prizes. Continue reading »
The weeks ago, when we showed “What The Death Of A Nation Looks Like: Venezuela Prepares For 720% Hyperinflation“, we said that after looking at a chart of Venezuela’s upcoming hyperinflation…
… a hyperinflation in which the soaring stock market has failed to keep pace with the collapsing currency, thereby mocking all erroneous thought experiments that under hyperinflation being long the stock market is a sure hedge to currency destruction…
… we joked that it is unclear just where the country will find all the paper banknotes it needs for all its new currency. Continue reading »
For citizens of Nicolas Maduro’s socialist paradise the news is terrible, and getting worse with every passing day.
Yesterday, we reported that one year after our November 2014 forecast, Barclays has decided that Venezuela is now past the “point of no return”, and a bankruptcy in 2016 will be “difficult to avoid.” But while some may have thought that this dramatic impact, while welcome by the rest of OPEC and oil bulls around the globe, would only impact the government, the reality is that this latest hit means a total disintegration of the economy and will take the country’s already staggering hyperinflation to previously unprecedented levels. Continue reading »
Venezuela’s socialist government decreed an “economic emergency” on Friday that will expand its powers and published the first data in a year that shows the depth of a recession fueled by low oil prices and a sputtering state-led model.
The central bank, which has been lambasted by critics of President Nicolas Maduro’s government for hiding statistics since the end of 2014, said the South American OPEC nation’s economy shrank 4.5 percent in the first nine months last year.
Inflation soared in that period to an annual rate of 141.5 percent, the world’s worst.
Venezuela’s seed law has the backing of campesinos and rural families and will regulate the production of hybrid seeds in Venezuela and prevent the research, production, importation and distribution of GMO seeds.
Venezuelan lawmakers approved last Wednesday a new law that will impose stricter regulations on hybrid seeds and ban transgenic seed research. Continue reading »