The collapse of Venezuela continues.
“The economic situation of this country is collapse,” Pablo Parada, a law student, who was participating last week in a hunger strike in front of the O.A.S. office in Caracas. “There are people who go hungry now.”
Notice that this New York Times article has no clue about the underlying causes of Venezuela’s problem. It does not even mention that their population has grown by more than 6 times since 1950.
We observe problems, deny overshoot, and blame something easy like corrupt politicians that doesn’t require us to make lifestyle changes.
Rinse and repeat to the bottom.
I wrote more about this here.
Well said Rob. So few people see the big picture.
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Venezuelans Ransack Stores as Hunger Grips the Nation
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“Desperation is spreading in Venezuela as violent protests continue to paralyze the country, further damaging the country’s shattered economy. Venezuela’s already-decrepit oil industry is deteriorating by the day, and an outright implosion is no longer out of the question. ”
https://www.rt.com/business/388793-venezuelas-oil-production-on-brink/
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In Venezuela, an unprecedented economic collapse
https://beta.theglobeandmail.com/opinion/an-unprecedented-collapse/article35856104/?ref=http://www.theglobeandmail.com&
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Venezuela meets creditors in bid to dodge default
http://www.reuters.com/article/us-venezuela-bonds/venezuela-meets-creditors-in-bid-to-dodge-default-idUSKBN1DD0IG?il=0
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Venezuela just defaulted, moving deeper into crisis
http://money.cnn.com/2017/11/14/news/economy/venezuela-debt-default-sp/index.html
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Venezuela Surpasses Weimar As Hyperinflation Expected To Hit 1,000,000% By Year End
https://www.zerohedge.com/news/2018-07-23/venezuela-surpasses-weimar-hyperinflation-expected-hit-1000000-year-end
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VENEZUELA INFLATION RATE PASSES 1 MILLION PERCENT, AND IT’S COSTING LIVES EVERY DAY: THIS IS WHAT DEVASTATING HYPERINFLATION LOOKS LIKE
Very lame muddled thinking about the problem here, but you’ll get a clear idea that it’s serious.
https://www.newsweek.com/venezuela-million-hyperinflation-losing-lives-everyday-1256630
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