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Tag Archives: Hugo Chavez

Venezuela’s Maduro – Selling The Golden Goose

Authored by Jeff Thomas via, Venezuela is a naturally rich nation. It’s ranked seventh worldwide for biodiversity and has the world’s largest reserves of oil. This is a country that deserves, more than most, to thrive. However, as in all countries, it passes through economic cycles and, when on a downward curve, would-be leaders […]

“All I Have Is Hunger” – Many Venezuelans Too Weak To Protest Despite Maduro Misery

While tens of thousands of angry Venezuelans turned out for the 'mother of all protests' yesterday, facing an increasingly hostile military/police state, the numbers could have been significantly larger but for the fact that legions of poor Venezuelans are simply too frail from starvation to protest. Some say they are intimidated by armed pro-government militias […]

Maduro Scrambles To Defuse “Explosive” Situation As Supreme Court Reverses Ruling

While investors had largely given Venezuela’s economic catastrophe the benefit of the doubt for the past two years as crude collapsed and the country’s CDS soared to record highs only to normalize subsequently, yesterday bond investors got very nervous for the first time in a while, as the Venezuela 9.25% of 2027 bonds crashed on […]

Did Citi Just Seize Over $1 Billion of Venezuela’s Gold? “Shutdown of Foreign Currency Accounts”

This article was written by Tyler Durden and originally published at Zero Hedge. Editor’s Comment: Underneath it all, there is the gold. They try to persuade people against the logic that he who holds the gold makes the rules, but look around at reality. Gaddafi was sitting on a huge gold reserve that he was […]

This Is How Government Dealt With Dissent And Revolt In Collapsing Venezuela – “Soldiers Shooting Civilians In The Streets, Paramilitaries Roaming Neighborhoods”

Editor’ Note: The initial report about this incident was printed in error. While the videos and images below were believed to be recently recorded, several readers contacted us to report that these incidents occurred in February 2014 and not February 2016.  We have modified portions of this article but have left the majority of this report […]

To Boldly Go Where No Socialist Has Gone Before: Venezuela Creates Ministry Of Supreme Happiness / By Tyler Durden / 10/26/2013 11:19 -0400 If one (such as everyone at the Federal Reserve) thought that the world’s greatest artificial “wealth effect” would also generate the world’s happiest people, one would be dead wrong. Take Venezuela – Hugo Chavez’ socialist paradise, which was recently inherited by Nicolas Maduro, when he proceeded to […]

The Hygienically Challenged Crack-Up Boom

The bolivar’s official and black market exchange rates up until May 2013 / By Pater Tenebrarum / October 4, 2013 Toilet Paper Only in the Hereafter Readers may recall that we have reported on the toilet paper shortage in Venezuela before. At the time our suggestion to the Venezuelan authorities was to simply replace toilet paper with […]

Ghost of Hugo Chavez in the driving seat as Venezuela votes

A murales depicting presidential candidate Nicolas Maduro, right and Venezuela’s late President Hugo Chavez reads ‘Chavez lives, the fight goes on!’ / By Peter Foster / April 12, 2013 So, at a pulsating election rally in Caracas this week, the former bus driver El Comandante nominated as his successor didn’t even try. “Chavez lives!” bellowed Nicolas Maduro. “The […]

US is trying to kill me, claims Venezuelan president

Hugo Chávez / By Damien McElroy / April 8, 2013 Venezuela’s acting president Nicolas Maduro has accused former US officials Roger Noriega and Otto Reich of plotting to kill him to prevent his victory in next week’s presidential elections. Speaking at a televised campaign event on Saturday, Maduro said the plot also involved “right-wing forces” […]

Venezuela Threatens Dollar ‘Speculators’ With Jail Time / By Nathan Crooks & Jose Orozco / March 22, 2013, 4:26 AM GMT+0800 Venezuela acting President Nicolas Maduro said today that the South American country is investigating cases of foreign exchange corruption and threatened “speculators” with jail time. “We’re investigating, and we’re going to pursue them,” Maduro said on state television. “We hope to have those responsible for dollar speculation […]