Venezuela has been crumbling before the eyes of the world, and it seems each day the situation worsens says expert Adrian Jose Velasquez Figueroa. Another business, another food, another industry disappears as the economy continues on a roller coaster that seems to have no end. People wait in line for endless hours to get food, barely enough to get by for a day. Parents hope to find a way to feed their children, people hope to survive. The country is starving, and as the situation worsens, no one can seem to put an end to the struggle.
As the citizens line up for their rations they are surrounded by military and police in riot gear, unsure if they will have to contain a dangerous situation. A facebook netizen recently posted a series of pictures that outline the dire situation and put faces with the images that have been conjured by all the recent media, they can be viewed here.
While the country puts all its hopes in a rise of oil prices, the resource they have an abundance of and depend on to generate a steady income, they are lining store shelves with whatever they find available and doing what they can to simply stay afloat. Recently, they sold $1.7 billion of their precious gold reserves to attempt to repay debts that are mounting. Between February and March they sold roughly 40 tonnes. They are still deep in debt and it is expected that by next year inflation in the country will rise to 1,642 percent. Venezuela sits on more oil reserves than Saudi Arabia, but even with the price of oil on a slow but steady climb, it won’t be enough to see any difference for years and years to come.
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