As their currency is devoured by a socialist government and hyperinflation, Matt Kibbe explains how Venezuelans are turning to Bitcoin to preserve their wealth and keep their businesses afloat.
Tag - venezuela
In Venezuela, the IMF has estimated that the inflation rate will surpass 700 percent by the end of the year, meaning that citizens’ wages will be worth only a seventh of what they were last year. If history is any guide, things will only continue to spiral out of control after that.
The Trump administration has reportedly been considering levying a crippling sanction against the importation of Venezuela’s number one export—oil.
Socialist Venezuela has no more use for shopping malls, so it has converted them into prisons where protestors undergo the most horrific abuses.
Venezuelan president Nicolás Maduro has seized four million toys in order to redistribute them. Who wants to bet they go to his political supporters?
Think the war in Syria is bad? It is, but socialist Venezuela is even worse, especially if you happen to be a helpless infant.
In contrast to other authoritarian ideologies, people still think socialism can care for the poor and needy. The "free" health care of socialist Venezuela tells a different story.
The price of beer in Venezuela is skyrocketing. Not surprising if you follow the Chavez/Maduro recipe for failure.
With his country on the verge of collapse, Venezuelan President Nicolás Maduro is trying to crush the opposition, kidnapping attorney Yon Goicoechea.
Venezuela's socialist government is grabbing people's guns, the same step the preceded genocide in other socialist regimes.