“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.”
By all economic and social accounts, Chile has been the most successful Latin American country of the last generation.
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.
Since forever, Latin America has been in a perpetual state of political turmoil and social unrest. The consequences of this are multiple.
Farmers warn that the country could be out of diesel in two weeks, a situation that would paralyze Venezuela’s already decimated food supply.
“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.
On Tuesday, Maduro proposed new legislation that encompasses the privatization of the oil industry, the possibility of returning expropriated companies to their original owners, and the free trade of strategy goods, such as fuel.