Venezuela is headed for 13,000-percent inflation, and the prices of necessary commodities such as eggs are skyrocketing.
The flow of Venezuelan heavy crude oil to U.S. Gulf Coast refineries dropped by 60 percent in the first three weeks of January, hastening the political demise of Nicolas Maduro.
The upcoming "election" in Venezuela is all for show: Nicolas Maduro will remain Venezuela's dictator.
Ricardo Hausmann, a professor at Harvard and a director of the Kennedy School of Government there, suggests that the only way to “solve” the Venezuelan “crisis” is through military intervention.
Socialism is a lie, a scam, and a fraud, sold to the unsuspecting and the ignorant by those lusting for power. Venezuela is the most obvious example.
Nicolas Maduro remains in power in Venezuela thanks to financial help from American and Russian oil interests, and lack of complete forthrightness from the Times.
With the military in charge of Venezuela's oil company, Nicolas Maduro's days are numbered, and it's likely that Putin will be the ultimate beneficiary of Maduro's inevitable downfall.
Those who favor socialism should spend just a week in Caracas to see just how it is working out there.
According to both Moody’s and S&P Global, it failed to make $200 million in payments that were due on November 12, immediately resulting in the declaration by the credit rating agencies that Venezuela is officially in “selective default.”
As many have predicted, Venezuelan President Nicolás Maduro's inability to make principal and interest payments on his government's debt is threatening his regime.