Date: 2024-08-16 Page is: DBtxt003.php txt00025364
VENEZUELA
JOE BLOGS
Joe Blogs: VENEZUELA Faces Total Collapse. 398% Inflation & Cash Crisis but USA Considers Lifting Sanctions.
JOE BLOGS
Joe Blogs: VENEZUELA Faces Total Collapse. 398% Inflation & Cash Crisis but USA Considers Lifting Sanctions.
Original article: https://www.youtube.com/watch?v=ieVVcMWCwcw
Peter Burgess COMMENTARY
Peter Burgess
Joe Blogs
Sep 11, 2023
321K subscribers ... 54,620 views ... 4.3K likes
#venezuela #maduro #chávez
VENEZUELA is in a state of Total Chaos. The Economy has COLLAPSED with Inflation now at 389% and completely out of control. Venezuela has the LARGEST OIL RESERVES in the World but despite this its people are starving, there are shortages of GASOLINE and MEDICINE, it has DEFAULTED on its debt obligations and the currency has been DEVALUED 3 times which has led to DOLLARIZATION in the Economy. However there may be light at the end of the tunnel as the USA is debating LIFTING SANCTIONS if Venezuela operates a Fair & Equal Presidential Election in 2024. Is that likely? In this video I bring you the latest update and discuss what is likely to happen in Venezuela in the next 6 to 12 months.
For specific details please check out the CHAPTER list below.
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Chapters:
- 0:00 Intro
- 4:44 VENEZUELA
- 6:13 INFLATION
- 9:55 INTEREST RATES
- 12:21 CURRENCY
- 15:49 OIL RESERVES
- 16:42 OIL INDUSTRY
- 18:33 CITGO
- 21:44 SANCTIONS
- 25:12 SUMMARY & CONCLUSION
Inflation rate
Interest Rate
Balance of trade
Exchange rate
Exchange rate
Exchange rate
Exchange rate