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Category Archives: 2014–17 Venezuelan protests

Venezuelans Face 25 Years In Prison For “Hate Or Intolerance”

In a harbinger of what – for various reasons – may be coming to the US, Venezuela’s brand new “all-powerful” constituent assembly is set to pass a bill that will jail anyone who expresses “hate or intolerance” for up to 25 years, a measure which the local opposition – and everyone else – is certain […]

Could Bitcoin Help Venezuelans As Crisis Deepens?

Authored by Michael Kern via Crypto Insider, Protests continue to rage in Venezuela as inflation soars to unprecedented levels and the price of oil remains low. The country’s national currency is now worth less than fictional gold in Azeroth, the setting of the popular massively multiplayer online role-playing game World of Warcraft, pushing Venezuelans to bitcoin […]

Opposition Threatens “War In The Streets” As Maduro Claims Victory In Venezuela Assembly Vote

Despite US threats of “strong and swift economic sanctions” that the WSJ reported overnight could cut off a crucial source of revenue for Venezuela’s financially distressed state oil company, PDVSA, the socialist state’s leader Nicolas Maduro is claiming victory in a vote to create a new “constituent assembly,” a vote that US government officials have […]

WTI Jumps Above $50 On Report US Prepping Sanctions Against Venezuela Oil Industry

After both Brent and WTI rose above their respective 50DMAs on Friday, capping 2017’s best weekly rally for oil, the rising tide is accelerating as the latest CFTC COT data confirmed, when net specs boosted bullish Nymex WTI crude oil bets by 27K net-long positions to 423K, the highest in two months, as producers continued […]

“We Are Tired Of Being Killed” Venezuelan Opposition Vows Violent Response To Maduro Power Grab

Venezuelan President Nicolas Maduro has made it clear: Nothing short of the invasion threatened by President Donald Trump will stop him from holding a vote on a new constituent assembly that will officially replace the country’s legislature and likely allow the embattled president to rewrite the country’s Constitution, cementing his grip on power. According to […]

Venezuelans Are Now Paying 1000 Times More For US Dollars Than They Did In 2010

The hyperinflationary-hell in Venezuela’s currency is deepening as a crippling dollar shortage and a threat of oil sanctions (amid President Maduro's attempts to rewrite the constition to maintain his grip on power) take their toll on the economy. Venezuela’s Latin American neighbors urged President Nicolas Maduro to refrain from actions that might exacerbate the country’s political crisis in […]

“All Options On Table” – US Threatens Sanctions As Venezuela’s Maduro Vows To Create New Constitution

The US is weighing whether to impose sanctions on Venezuela’s defense minister and several other top officials for human-rights violations, according to Bloomberg, citing officials familiar with the government’s deliberations. They added that the action was one of several under consideration by the Trump administration against President Nicolas Maduro’s government. Despite these and other threats […]

Maduro Thugs Storm Venezuela National Assembly, Beat Opposition Lawmakers, Default Risk Jumps

Venezuela celebrated 206 years of independence in a manner uniquely befitting Latin America’s socialist paradise: A gang of armed Maduro supporters broke into the National Assembly and viciously assaulted opposition lawmakers, nearly killing one. Here’s Reuters: “The melee, which injured seven opposition politicians, was another worrying flashpoint in a traumatic last three months for the […]

Has Venezuela’s Crisis Reached A Tipping Point?

Authored by William Burke-White and Dorothy Kronick via Knowledge@Wharton, Venezuela’s ongoing economic and humanitarian crisis has assumed graver proportions over the past five weeks and pressure is mounting for a regime change, even as doubts persist over the likelihood of the next presidential elections, originally set for October 2018. Fresh protests broke out after President […]

The Inflection Point: Venezuela’s Military Begins To Defect, March With Protesters

One month ago, when discussing the latest “explosive” turn in Venezuela’s political situation, we predicted that the worst case for president Nicolas Maduro who has so far managed to keep the army on his side even as Venezuela faces now daily violent and in some cases deadly protests, would be the start of the local […]