VENEZUELA Facing Total Collapse. 429% Inflation, Debt Default, Cash Crisis Despite Oil Reserves

**Your Old Comrade** · 08-03-2023, 10:59 AM

**Incal** · 08-03-2023, 02:41 PM

But wait, nortesur said it's gettin better little by little

**Erronkari** · 08-03-2023, 03:50 PM

Venezuela I'm not sure but Argentina any new day situation getting worse and worse and the most absurd is that some people still local governments are taking good decisions...

**Incal** · 08-03-2023, 04:18 PM

Originally Posted by Erronkari

Venezuela I'm not sure but Argentina any new day situation getting worse and worse and the most absurd is that some people still local governments are taking good decisions...

But elections are next year right?

**Sebastianus Rex** · 08-03-2023, 05:38 PM

Originally Posted by Incal

But wait, nortesur said it's gettin better little by little

It is, since the export of oil to the US restarted the economy is on a process of dollarization and some businesses like supermarkers are reopening, also tourism is increasing little by little. Better than the total mess it was a while ago for sure.

**Erronkari** · 08-03-2023, 05:47 PM

Originally Posted by Incal

But elections are next year right?

In October, un two months...

**~~Laredo~~** · 08-03-2023, 05:51 PM

Originally Posted by Sebastianus Rex

It is, since the export of oil to the US restarted the economy is on a process of dollarization and some businesses like supermarkers are reopening, also tourism is increasing little by little. Better than the total mess it was a while ago for sure.

If Latin American REALLY wants to get out from the developing status they need to stop depending from the U.S dollar and join Brics (free market) the U.S Is basically responsible keeping Latm the way It Is a super power first world economy the United States would not like having South of the border.

**alnortedelsur** · 08-03-2023, 06:19 PM

Originally Posted by Laredo

If Latin American REALLY wants to get out from the developing status they need to stop depending from the U.S dollar and join Brics (free market) the U.S Is basically responsible keeping Latm the way It Is a super power first world economy the United States would not like having South of the border.

Besides what Sebastianus Rex pointed out, Venezuela has intentions to join Brics. I can assure you they aren't acting like US lackeys.

I don't like the Bolivarian revolution, but at least I give them that credit.

Also, in the many videos I have posted about the current situation in Venezuela, I see too much "savage capitalism" in the stores, supermarkets, and shopping centers all very full of products, with lots of variety and competence, and with lots and lots of people buyng and consuming in there for a country that is supposedly under a "deep comunism".

**Incal** · 08-03-2023, 07:27 PM

Originally Posted by Laredo

If Latin American REALLY wants to get out from the developing status they need to stop depending from the U.S dollar and join Brics (free market) the U.S Is basically responsible keeping Latm the way It Is a super power first world economy the United States would not like having South of the border.

lol

**Sebastianus Rex** · 08-03-2023, 08:46 PM

Originally Posted by Laredo

If Latin American REALLY wants to get out from the developing status they need to stop depending from the U.S dollar and join Brics (free market) the U.S Is basically responsible keeping Latm the way It Is a super power first world economy the United States would not like having South of the border.

For now the dollar is still necessary because it's the only stable currency in the region and Latin American economies are very exposed to the US economy. In the future things might change...