Venezuela has been a liberal / socialist sweetheart for years (Anyone else remember Sean Penn praising Chavez?).
Unfortunately, the people who praise this type of political thinking either don’t have the honesty to tell the whole story or haven’t taken the time to actually see the inevitable failed results of their thinking.
Zerohedge.com notes about the current Venezuelan economic crisis:
“Venezuela’s hyperinflation is reaching its final stages. It is probably already far too late for the government to stop the complete collapse of its currency. The bolivar is in the process of transforming from a medium of exchange to tinder for wood-stoves. Venezuelans who had the presence of mind to convert their savings into gold or foreign currency in good time are likely to survive the conflagration intact.”
If you want to know what that hyperinflation looks like in practical, real-world terms, the video below shows Venezulans in line for milk powder. Not milk. Milk powder. (Source from here.)
This kind of thing quickly deteriorates into food riots, which are also being reported in Venezuala.
We recommend that you get your BOB together and get ready move out at a moments notice. What do you think about this situation? Sound off below.