“A trending video on social media illustrated that in some states of Venezuela, people are using gold for their everyday transactions. In fact, it shows that they are using the domestic currency to wrap the grams of Gold. It is that worthless.”
On last Friday, the Venezuelan regime of Nicolas Maduro seized the building of El Nacional, the most important newspaper of Venezuela, which has over 75 years of history.
While the UN World Food Programme will help hundreds of thousands of Venezuelans in need, one has to remember that a true economic recovery is only possible after a political transition to democracy is achieved in Venezuela.
Court-packing fundamentally transform the institution into a political actor, no longer capable of acting as an impartial referee.
In February, China bought over 500 thousand barrels per day of Venezuelan oil, the purchases were carried by “phantom companies,” and through “dark voyages.”
Farmers warn that the country could be out of diesel in two weeks, a situation that would paralyze Venezuela’s already decimated food supply.
Maduro’s new economic proposals entail the deepening of Venezuela’s implicit dollarization, and the Soviet-style privatization of strategic economic sectors, such as the country's oil industry.
Maduro's dictatorship has exhausted the democratic paths to resolve the crisis in Venezuela. The opposition has also exhausted the electoral and negotiation channels.
“La Resistencia es Libertad,” a new message heard all over Venezuela.
Last week, Venezuela experienced its latest sham election. This time is an “election” to renew the country’s national assembly, which is the only institution controlled by the opposition, and the only institution recognized by the international community.