The economic crisis engulfing Venezuela reached new heights this week, with the nation’s currency seeing inflation rates nearing 1,000,000% as the socialist government struggles to contain the economic collapse.
According to the Washington Post, the Venezuelan Bolivar plunged in foreign exchange rates as the price of a dozen eggs reached 2,600,000 Bolivares in local supermarkets and shops.
“This week, for instance, the price of a dozen eggs topped 2.6 million bolívares — equal to two weeks’ pay at the minimum wage. But for a Venezuelan who can exchange dollars at the black market rate, those same eggs are a relative bargain, costing only 60 cents,” writes the Post.
“I never feel clean anymore,” said one citizen. “We’re hungry most of the time. I don’t think things will get better.”
Just this week, socialist president Nicolas Maduro admitted his government’s economic policies have totally “failed,” vowing to implement new guidelines to stabilize the crumbling currency.
Read the full report here.
PARADISE LOST: Venezuela's Socialist President Tells Starving Residents to ‘STOP WHINING’
Venezuela’s socialist President Nicolas Maduro urged his nation’s starving and impoverished citizens to quit “whining” about the escalating food and water crisis; saying he “wants solutions comrades!”
According to France 24, Maduro was speaking to members of his government after a crippling power outage shutdown nearly 80% of the country’s capital; admitting his economic programs and production models “have failed.”
“The production models we’ve tried so far have failed and the responsibility is ours, mine and yours,” said the President. “Enough with the whining… we need to produce with or without (outside) aggression, with or without blockades, we need to make Venezuela an economic power,” he added late Monday, with the country grappling with a four-year long recession.”
“No more whining, I want solutions comrades!” he added.
Venezuela is in the midst of a four-year depression, with food, water, fuel, and electricity nearly vanishing throughout the nation.
Leading economists warn the struggling country may see inflation as high as 1,000,000% within the year.
Read the full story here.
SOCIALIST PARADISE: Venezuela Ranked World’s Most Dangerous Country
A new report released this week found Venezuelan citizens viewed their country as the “most dangerous place on the planet,” with residents fearing violence, theft, and food shortages as the socialist nation continues to spiral out of control.
According to the Miami Herald, a new survey from the 2018 Global Law and Order Index found that Venezuelans largely felt unsafe on public streets, had little confidence in local or federal law enforcement, and had been assaulted at a stunning rate.
The Gallup report also gave Venezuela a “law and order” score or 44, ranking last among every other nation on the planet.
“While Afghans were more likely than Venezuelans to have been the victims of theft, Venezuelans were less likely to have confidence in their local police and were more likely to have been assaulted,” said the survey.
Read the full report here.