Venezuela President Nicolas Maduro suspended the elimination of the nation’s 100 bolivar bill until Jan. 2 after the government’s decision to pull its largest denomination note out of circulation left the country short of cash, deepening Venezuela's economic crisis, and sparking violent protests and looting.
During Thursday's protest over food in Caracas, chaos erupted after supermarket shoppers were told that regulated goods they had expected to be available would not be up for sale. In a sign of just how bad things have gotten, at least 19 journalists were attacked while trying to cover the chaotic events Bloomberg reports.
Espacio Publico, a non-government organization that monitors freedom of expression said that the assaults include robberies by members of the National Guard and armed civilians.
The conflagration that is the collapse of a socilaist utopia continues to escalate in Venezuela today. With morgues overflowing, medicines running out, and apocalyptic scenes playing out across the nation, Venezuelans took to the streets of Caracas today - at the behest of the opposition - demanding a recall referendum to end Venezuelan President Nicolas Maduro's socialist rule. The troubled nations leader was not happy and security forces fired tear gas and shut subway stations to block the thousands of protesters.
Over the last several years we have documented with clockwork regularity Venezuela's collapse into failed state status, which was cemented several weeks ago when news hit that "Venezuela had officially run out of money to print new money." At that point the best one could do was merely to step back and watch as local society and civilization turned on itself, unleashing what would ultimately turn into Venezuela's own, sad apocalypse.
Last night we showed what Caracas, looks like this week:
The situation in Venezuela is reaching all out chaos, as crippling socialist policies have resulted in a devastating power and food shortage, as well as looming political instability. This is Caracas today...