When we previewed Venezuela's upcoming hyperinflation, which in January was predicted to be 720% and as of this moment is likely far higher...
... we said "This Is What The Death Of A Nation Looks Like" and said "there is no good news in any of the above for the long-suffering citizens of this "socialist paradise" which any minute now will be downgraded to its fair value of "socialist hell."
When we last checked in on everyone's favorite Latin American socialist paradise, Venezuela, President Nicolas Maduro’s opponents "had gone crazy." Or at least that’s how Maduro described the situation in a “thundering” speech to supporters at what he called an “anti-imperialist” rally in Caracas in mid-March.
Submitted by Eugen von Bohm-Bawerk via Bawerk.net,
Submitted by Ronan Manly of Bullionstar Blogs
Following on from last month in which BullionStar’s Koos Jansen broke the news that Venezuela had sent almost 36 tonnes of its gold reserves to Switzerland at the beginning of the year, “Venezuela Exported 36t Of Its Official Gold Reserves To Switzerland In January“, there have now been further interesting developments in this ongoing saga.
When last we checked in on our favorite socialist paradise, Venezuela, President Nicolas Maduro’s opponents “had gone crazy.”
Or at least that’s how Maduro described the situation in a “thundering” speech to supporters at what he called an “anti-imperialist” rally in Caracas last Sunday.