While Venezuela is drifting towards mass starvation, government collapse and civil war Colombia has managed to avoid all that and then some. What Colombia did was not easy. It required nearly two decades of effort to reach the point where a peace deal was agreed to and succeeded in disbanding the major leftist rebel group FARC. With that accomplished (as of the end of June) the second largest leftist rebel group (ELN, a third the size of FARC) now wants to talk peace as well. All these leftist rebels got going in the 1960s but by the 1990s were rapidly losing popular support. It got worse after 2000 because by then the drug gangs and leftist rebels had merged in many parts of the country, and the war was increasingly about money, not ideology. A new reform government took advantage of this and organized an offensive that sharply reduced crime and gave the economy a chance to become the most successful in South America. Continue reading
While tens of thousands of angry Venezuelans turned out for the ‘mother of all protests’ yesterday, facing an increasingly hostile military/police state, the numbers could have been significantly larger but for the fact that legions of poor Venezuelans are simply too frail from starvation to protest.
Some say they are intimidated by armed pro-government militias who scour the slums for signs of dissent. Others say they are afraid to lose the few food handouts the cash-strapped government still provides.
“We wear our protest on the inside for the fear of losing our bag of food,” said San Félix resident Luisa Gutiérrez, a single mother of three. Continue reading
With the world’s attention focused on Syria and North Korea in recent weeks for obvious reason, another geopolitical hotspot is on the verge of eruption. According to AFP, after weeks of increasingly more violent protests, Venezuelan President Nicolas Maduro has ordered the army into the streets as the insolvent nation braces for what the opposition has vowed will be the “mother of all protests” on Wednesday.
Maduro, who recently backed down from a bid to usurp supreme power after a Supreme Court decision left the local Congress powerless, only to reverse itself following furious blowback even from his own party, has faced violent protests over recent moves to tighten his grip on power, and ordered the military to defend the leftist “Bolivarian revolution” launched by his late mentor Hugo Chavez in 1999. Continue reading
Take cash away from the citizens and, in theory, they can’t make a run on the banks and spark a full economic collapse.
Take cash away from the citizens and they can’t have full economic control over their own lives.
- Maduro says move to fight smuggling, currency attacks
- 100-bolivar bills must be out of circulation in 72 hours
Venezuela’s government ordered all 100-bolivar bank notes out of circulation within 72 hours, amid a hard cash shortage and the scheduled release this week of bigger bank notes. Continue reading
Fed up with what socialism has wrought in their country, angry Venezuelans on Sept. 3 chased President Nicolas Maduro through the streets during what was supposed to be a routine political event.
Maduro had traveled to Margarita Island off Venezuela’s northern coast to inaugurate a number of new public housing units and give a televised address during which he denounced his opponents’ demands that he step down from office, calling them “vampires”. Continue reading
Last week we reported that in addition to confiscating the guns of Venezuela’s famished population, president Maduro had a warning for would-be coup plotters (perhaps sensing that a coup is imminent): “Did you see what happened in Turkey?” said Maduro, in a televised public event on Thursday evening. “Erdogan will seem like a nursing baby compared to what the Bolivarian revolution will do if the right wing steps over the line with a coup.”
Some 120,000 desperate Venezuelans poured into Colombia over the weekend to buy food and medicine that are in short supply in socialist Venezeula.
Under the 21st century socialist, or “chavismo”, movement started by Hugo Chavez and continued by his hand-picked successor Nicolas Maduro, 70 percent of Venezuelans live in poverty amid triple-digit inflation, mortality rates are skyrocketing, public services are collapsing, crime is out of control, and hospitals do not have basic, inexpensive medicines. Continue reading
Just over a year ago, cash-strapped Venezuela quietly conducted a little-noticed gold-for-cash swap with Citigroup as part of which Maduro converted part of his nation’s gold reserves into at least $1 billion in cash through a swap with Citibank.
As Reuters reported then, the deal would make more foreign currency available to President Nicolas Maduro’s socialist government as the OPEC nation struggles with soaring consumer prices, chronic shortages and a shrinking economy worsened by low oil prices. Needless to say, the socialist country’s economic situation is orders of magnitude worse now.
According to El Nacional, “the deal was for $1 billion and was struck with Citibank, which is owned by Citigroup.” Continue reading
On Friday, Venezuelan opposition announced its victory in gathering enough petition signatures to approve referendum that could overturn the decision to elect President Nicolas Maduro, according to a release by the Havana Times. After a week of validating signatures, opposition leader, Henrique Capriles reported that the opposition, which required almost 196,000 votes or one percent electoral rolls in each of the 24 regions to call for the referendum, exceeded the goal with a total of 409,313 voters.
“The national validation total, despite the obstacles and the excluded, is 409,313 signatures. The recall vote will be in 2016.”
Last month we reported that citizens in Venezuela had finally become so desperate for food that angry mobs flooded the streets and looted all of the supermarkets that were rumored to still have anything left on their shelves.
Not long after, tired and hungry protesters took to the streets of Caracas once again, this time marching toward the presidential palace as they chanted “No more talk – we want food!.” The mob was able to get within about six blocks of the palace before police in riot gear blocked the way, and began to shoot tear gas into the crowd to disperse the protest.
And now, as president Maduro remains defiant on allowing a referendum to take place to vote on his ouster, food riots and violent looting are taking place every day in a stark reminder of just how far the socialist utopia has fallen. Continue reading
Video available on website.
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
The only thing wrong with this article is that it refers to Venezuela as a socialist state. It couldn’t be more wrong in this case. Socialism is the bridge to communism and communism brings upon the last stages of deterioration before final collapse. Also note how Chavez and Maduro always wear red. What Venezuela has is communism. Pure communism.
Last weekend, during our latest reporting on the whirlwind collapse in Venezuela’s economy and society, we reported that as part of Maduro’s latest set of emergency decrees as part of which he ordered a 60-day state of emergency due to what he called plots from Venezuela and the United States to subvert him, we also previewed something more troubling: “he hinted that a violent crackdown on enemies, both foreign and domestic, may be imminent when he ordered military exercises for next weekend.”
As it turns out it won’t be just any exercises, but as Bloomberg writes, “Venezuela is preparing for the biggest military exercises in its history this 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.” Continue reading
In a televised-address on February 17, Venezuelan President Nicolas Maduro delivered some crushing news to his country.
To address the fiscal crisis facing the country, the government decided to raise fuel prices by more than 6,000 percent. While that may sound dramatic, it will still leave Venezuela with some of the cheapest fuel in the world. Prices for 95 octane gasoline at the pump will jump from 0.097 bolivars to 6 bolivars. It was the first increase in fuel prices in 20 years. Continue reading
China’s latest economic weapon
Entering 2016, the Asian Infrastructure Investment Bank (aiib) is preparing to take leaps and bounds. The rise of this bank should have the world, and particularly the United States, on high alert. The success of the aiib heralds the dawn of a new era in Asia—one increasingly influenced by China.
(NaturalNews) As Venezuela’s economy continues to worsen — its currency having entered “free fall mode,” according to the Financial Times — the desperate Maduro government has taken the extreme measure of nationalizing the nation’s food industry.
Venezuelan farmers and food producers are now required to sell anywhere from 30 percent to 100 percent of their products to state-owned stores. The order covers staple foods such as rice, milk, oil, sugar and flour. Continue reading