Venezuela crisis: Hunger makes people turn to rubbish for scraps

Video available on website.

 

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A pregnant woman who did not want to be named holds a pineapple in one hand as she continues to pick through garbage bags outside a supermarket in downtown Caracas. Photo: AP

 

Caracas: Until recently, Julio Noguera worked at a bakery. Now he spends his evenings searching through the garbage for food.

“I come here looking for food because if I didn’t, I’d starve to death,” Noguera said as he sorted through a pile of mouldy potatoes. “With things like they are, no one helps anyone and no one gives away meals.”

Across town, unemployed people converge every dusk at a trash heap on a downtown Caracas sidewalk to pick through rotten fruit and vegetables tossed out by nearby shops. They are frequently joined by small business owners, college students and pensioners – people who consider themselves middle class even though their living standards have long been pulverised by triple-digit inflation, food shortages and a collapsing currency. Continue reading

Dollar Reality – End of Petro Dollars

All economies are in freefall, however the U.S. is the safe haven (for the moment) because of a rising currency and still having the world’s ‘strongest’ economy, which is now in all reality propped up by hot air. The U.S. Dollar’s rise, as the article states, will wreck the rest of the world economy before its own demise comes around the corner. Pay attention to the signs. We’re riding the roller coaster to the top before the steep drop.

It’s also true that the Petrodollar is dead. It’s no longer a factor in what keeps the U.S. Dollar alive. It’s already on the chopping block now that this anchor has been removed and is only a matter of time before the axe comes down. That was the last foundation keeping the USD secure.

Because of the wealth of the information found in this article, most of the source will remain archived here.

 

 

QUESTION: Dear Mr. Armstrong,

(a) You say that the world is losing confidence in governments and I do not question that for a minute.

(b) BUT you also say that the dollar will strengthen for various probable sounding reasons, which it is presently doing. (whereas many think it will collapse).

For the collapse theory: it appears the petro dollar is being dumped which bodes ill for the dollar remaining the prime reserve currency. ——– does not think it will and that SDR’s will replace it. Surely as this eminent position of the petro dollar declines, there will be further debasement? (loss of purchasing power) – the opposite of a stronger dollar. Continue reading