Tag Archives: Hugo Chávez

As if things were not already chaotic enough in the socialist utopia of Venezuela, following President Nicolas Maduro’s decision to follow Indian PM Modi’s playbook and announce that the nation’s largest denomination bill (100-Bolivars – worth around 3c) will be pulled from circulation in 72 hours, he has tonight closed the border to Colombia to crackdown on currency smuggling by so-called “mafias”. As AP reports,...

Several months ago, as Venezuela’s hyperinflating, imploding economy was spinning in freefall, leading to the dramatic episodes of total social collapse such as those profiled in “Scenes From The Venezuela Apocalypse: “Countless Wounded” After 5,000 Loot Supermarket Looking For Food“, we wrote that the country which recently had “run out of money to print its own money” was preparing to liquidate its remaining gold holdings to pay coming debt maturities. Then, courtesy of an analysis by...