How did Venezuela end up this way?

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MPMalloy
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Re: How did Venezuela end up this way?

Post by MPMalloy » Fri Sep 21, 2018 8:29 am

From The Cipher Brief, in an email:
Today’s IntelBrief: Venezuela Teetering on the Brink:

According to the United Nations, approximately 2.3 million Venezuelans have fled their country over the last several years.

Extreme shortages of food and medicine, coupled with hyper-inflation that could approach one million percent, are pushing Venezuelans to flee to neighboring Ecuador, Colombia, and elsewhere.

The Maduro government has begun its second term by blaming the U.S. and Europe for the country’s problems.

As with Syria, the refugee crisis is a humanitarian nightmare as well as a destabilizing force, leading to calls of military intervention
nuttin' new... :wink:

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Re: How did Venezuela end up this way?

Post by MPMalloy » Fri Sep 21, 2018 11:22 pm

From CNBC: US preparing 'actions' in coming days against Venezuela, Secretary of State Mike Pompeo says
The United States is preparing a "series of actions" in the coming days to increase pressure on the Venezuelan government, U.S. Secretary of State Mike Pompeo told Fox News on Friday.

"You'll see in the coming days a series of actions that continue to increase the pressure level against the Venezuelan leadership folks, who are working directly against the best interest of the Venezuelan people," Pompeo said. "We're determined to ensure that the Venezuelan people get their say."

He did not give further details on the nature of the planned actions.

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Re: How did Venezuela end up this way?

Post by absinthe beginner » Sun Sep 23, 2018 11:04 am

How do you solve catastrophic hyperinflation?

https://www.bbc.com/news/business-45523636

Venezuelans are living through one of the worst hyperinflation episodes ever recorded since the end of World War Two.

Prices have hit a new high in August, peaking at 65,000% a year, says Steve Hanke, a professor of applied economics at Johns Hopkins University, Baltimore, and one of the world's leading experts on hyperinflation.

Under President Nicolas Maduro, inflation stands at around 150% a month, says Prof Hanke - hyperinflation is defined as when inflation rates are greater than 50% per month and persist for more than 30 consecutive days.

Venezuela entered the Hanke‐Krus World Hyperinflation Table in November 2016 when prices were rising by 219% a month and doubling every 18 days.

The situation has since worsened and amidst severe shortages of food and medicine, citizens are now forced to pay for everyday basics with stacks of cash.

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Re: How did Venezuela end up this way?

Post by Stercutus » Sun Sep 23, 2018 1:12 pm

bah, they are posers compared to Zimbabwe.
From this day to the ending of the world,
But we in it shall be rememberèd—
We few, we happy few, we band of brothers;
For he to-day that sheds his blood with me
Shall be my brother

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Re: How did Venezuela end up this way?

Post by MPMalloy » Thu Sep 27, 2018 8:02 pm

Stercutus wrote:
Sun Sep 23, 2018 1:12 pm
bah, they are posers compared to Zimbabwe.
Word. :D

From NPR: Latin American Countries Urge Investigation Of Venezuela For Crimes Against Humanity
Five South American countries and Canada have asked the International Criminal Court, a Netherlands-based tribunal, to place Venezuela under investigation for crimes against humanity. This is the first time a country has been referred to the ICC for investigation by an outside state. Argentina, Colombia, Chile, Peru, Paraguay and Canada submitted their request on Wednesday to the court.

The alleged crimes in Venezuela date back to 2014, and include torture, the arbitrary detention of political opponents and anti-government protesters, and more than 8,000 extrajudicial executions cited in a dossier by the Organization of American States.

Jose Miguel Vivanco, head of the Americas division at Human Rights Watch, spoke to NPR, "Our research shows that the abuses in Venezuela were not isolated, or the results of excesses by rogue security forces members. Our documentation actually shows that multiple security forces committed widespread abuses repeatedly, over a period of months and years, in different locations across the country, including in controlled environments such as military installations, or police stations."

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Re: How did Venezuela end up this way?

Post by MPMalloy » Tue Oct 02, 2018 9:20 pm

From ABC (Australia): The Venezuelan crisis matters and there's much we can do
Venezuela is far from Australia and, until its recent collapse, had not really been on the media's radar.

Yet close to four million Venezuelans have left the country since 2007, with two million in the past two years alone — that's a higher rate than Syria. And inflation is due to hit 1,000,000 per cent by Christmas

The South American country may seem far away, but its economic prospects have a greater impact on Australia than it first seems, from petrol prices to the Venezuelan communities in our suburbs.
Somehow the mobile site keeps on popping up when I click the links. :?


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