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Heres How Much Money You Need To Buy Different Everyday Items In Venezuela (11 Pics)

Crisis-stricken Venezuela is currently in the grip of hyperinflation, the worst case seen since Zimbabwe in 2007-09. By the end of the year, the inflation rate is predicted to top 1 million percent, a staggering large number which the government have attempted to curb by slashing 5 zeros off of the national currency, the Bolivar, and introducing new notes. For some time there will be a mix of notes in circulation, leading to confusing situations about the true price of items and making transactions a nightmare, particularly for poor Venezuelans…

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Venezuela just ‘linked’ its currency to its terrible Petro coin

Not good.Image: FEDERICO PARRA/getty You know you’re in trouble when your only hope for stability is something as notoriously unstable as cryptocurrency. And yes, Venezuela appears to be very much in trouble.   According to Bloomberg, Venezuelan President Nicolas Maduro announced on Friday that he intended to link a new national currency, the sovereign bolivar, to a cryptocurrency of his own government’s making — the Petro. This is the first case of a government tying its economic fortunes so closely to that of any digital currency, and suggests a possible…

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Haley Defends U.S. Decision to Quit UN’s Human Rights Council

Ambassador Nikki Haley defended the U.S. decision to quit the United Nations Human Rights Council last month as a stand against “political corruption and moral bankruptcy” and the organization’s “anti-Israel bias.” “The United States provided the last shred of credibility that the council had, but that was precisely why we withdrew,” Haley said Wednesday at the Heritage Foundation in Washington. In June, Secretary of State Michael Pompeo and Haley announced the U.S. decision after the council passed a resolution denouncing Israeli settlements as a “flagrant violation” of human rights. In…

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Where Could Bitcoin Succeed as a Currency? In a Failed State

When Juan Pinto gets in line at the movie theater, he takes out his phone and trades just enough bitcoin for Venezuelan bolivars to pay for the ticket by the time he gets to the counter. Pinto lives in Venezuela, but doesn’t keep any of his money in the national currency. The 29-year-old quit his job as a mechanical engineer to dedicate his life to cryptocurrency three years ago, when he says he “fell in love with the technology.” Venezuela’s crumbling economy played a part as well. “Being a Venezuelan…

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Odds and Ends 

You Go, Girl: Just 3 Weeks After Her Badass Golden Globes Speech, Oprah Has Become The Dictator Of Venezuela After Leading A Successful Military Coup

Since winning the Golden Globes and the internet with her amazing mic drop speech, Oprah Winfrey has not taken her foot off the gas pedal. The empowering media mogul has shown us once again that the future is female by overthrowing the government of Venezuela and installing herself as dictator in a military coup. Yas, presidente! Oprah has absolute power over the Venezuelan populace, and we can’t get enough of it! Immediately after her passionate Golden Globes speech, Winfrey flew down to Caracas and began speaking her amazing truth to…

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Odds and Ends 

‘Socialism at work’: Video shows mob of starving Venezuelans beat a cow to death for food

Jesus this is like a scene from The Walking Dead. https://t.co/lzjlH0PhmM — Rossalyn Warren (@RossalynWarren) January 12, 2018 A video has gone viral of a starving mob in the town of Palmarito, Venezuela stoning a cow to death for food: Hungry Venezuelans now raiding private ranches in groups to kill cows for meat. pic.twitter.com/NJBuLMki6L — Hannah Dreier (@hannahdreier) January 12, 2018 This is reportedly happening at other ranches around Venezuela as well: When the animal finally falls to the ground in the footage, more villagers gather around – presumably to begin…

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UK criticised over sales of military equipment to Venezuela

Theresa May urged to suspend controlled export licences to Venezuelan government while violent clashes continue Britain has sold military equipment worth millions of pounds to Venezuela in the last decade, it has emerged, prompting calls for Theresa May to suspend controlled export licences while the country in is the grip of violent clashes between police and protesters. Government figures show military equipment was approved for sale from UK-based companies to Venezuelas armed forces as recently as September last year, despite the Foreign Office listing the country as of concern regarding…

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Not so fast: Despacito singers tell Nicols Maduro to stop using remixed song

Venezuelan presidents attempt to co-opt the global hit for political purposes backfires with Luis Fonsi and Daddy Yankee calling the use illegal Venezuelan president Nicols Maduros attempt to use Latin hit staging months of protests against Maduro, a former bus driver and union leader narrowly elected to replace the late Hugo Chavez in 2013. Some 100 people have died in the unrest, which has further hammered an imploding economy that is running short of food and medicine. Critics say Maduro is trying to cement a dictatorship by pushing forward with…

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‘I will be back’: Violin-playing face of Venezuela’s protests injured in clashes

Wuilly Arteaga posts defiant video message from hospital bed as opposition announces fresh national strikes Venezuelas opposition announced a two-day national strike against President Nicolas Maduro after a day of violent clashes in Caracas on Saturday where the injured included a violinist who has become the face of the protests. Neither rubber bullets nor pellets will stop our fight for Venezuelas independence, said musician Wuilly Arteaga. The 23-year-old has become famous in Venezuela for playing the national anthem and other tunes on his violin in front of security lines as…

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Venezuela protests: woman shot dead as thousands vote in unofficial referendum

President Nicolas Maduro denounces vote as illegal as activists say gunmen fired on crowd of protesters Gunmen in Venezuela shot into a crowd of voters on Sunday, activists said, killing one woman and wounding three others during an unofficial referendum organised by the opposition to push for an end to two decades of socialist rule. The opposition Democratic Unity coalition said a pro-government paramilitary gang opened fire in Caracas poor neighbourhood of Catia, where thousands were participating in the event. Video footage showed people scattering as gunshots rang out, many…

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Venezuela’s supreme court attacked with grenade from police helicopter

President Nicols Maduro says grenade lobbed by terrorists did not explode in incident following months of increasing violence against government Venezuelas President Nicols Maduro has confirmed that two hand grenades were launched at the supreme court building on Tuesday evening from a helicopter. He said the helicopter was piloted by an agent from the countrys intelligence unit who then managed to escape. Videos circulated on social media showed a man piloting the helicopter while holding a banner that read Liberty. Article 350, in reference to an article in the Venezuelan…

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Venezuela’s opposition accuses security forces of robbing protesters

One video shows four police officers surrounding a woman who is reeling from the effects of teargas, with one pulling a watch from her wrist Venezuelan opposition leaders have accused security forces of assaulting and robbing demonstrators who take part in troops take a protesters helmet and handbag before boarding motorcycles. The government says it is fighting opposition terrorist cells trying to overthrow Maduro. They say the effort is similar to a 2002 coup that briefly ousted late socialist leader Hugo Chvez, noting that protesters routinely disrupt traffic and damage…

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Venezuela: man set on fire during anti-government protests

President Nicols Maduro claims victim was a Chavista but witnesses say the man was attacked after being accused of being a thief Venezuelas President Nicols Maduro has excoriated opposition protesters on Sunday for setting a man on fire during a demonstration, accusing them of targeting him for being pro-government. A person was set on fire, beaten up, stabbed … They nearly lynched him, just because he shouted out that he was a Chavista, Maduro said, referring to the ruling socialist movement set up by his predecessor Hugo Chavez. Witnesses to…

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Hugo Chvez statue torn down as death toll rises in Venezuela protests

Young protester shot in the head amid continuation of demonstrations that brand President Nicols Maduro a dictator and demand elections A 20-year-old Venezuelan protester has died after being shot in the head, authorities said, taking fatalities from a month of anti-government unrest to at least 37, as the opposition geared up for more demonstrations. Hecder Lugo was hurt during fighting between demonstrators and security forces in Valencia on Thursday that also injured four others, the local opposition mayor, Enzo Scarano, said in a series of tweets. The state prosecutors office,…

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Venezuela anti-government protesters paralyse major roads as more die

Turmoil has been caused by food shortages, rising unemployment and anger at presidents authoritarian restrictions on elections and democratic institutions Venezuelas major transport arteries juddered to a halt on Monday as opposition protestors blocked major roads and staged sit-ins across the country. Tens of thousands of people joined the latest protests, which follow the supreme court briefly stripped parliament of its authority. The ruling has since been partially reversed but the opposition say the judiciary should be changed because it has put politics above the constitution. Law student Jos Fernandez…

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