Silver as an investment

Tag Archives: Venezuela

India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues

Authored by Zainab Calcuttawala via OilPrice.com, Venezuela’s Indian, Chinese, and American clients are complaining that crude shipments from PDVSA are poor in quality and are resulting in demands for discounts and returned shipments, according to a new report by Reuters, including interviews with over a dozen sources and supporting documents. The disputes involve the contamination […]

How Socialism Ruined Venezuela

Authored by Rafael Acevedo & Luis B. Cirocco via The Mises Institute, In order to understand the disaster that is unfolding in Venezuela, we need to journey through the most recent century of our history and look at how our institutions have changed over time. What we will find is that Venezuela once enjoyed relatively […]

Maduro Visits Putin, Proposes Global Oil Trade In Rubles, Yuan

Three weeks after the US imposed financial sanctions on Venezuela in an effort to cripple its economy and choke the Maduro regime, which in turn prompted Caracas to announce it would no longer receive or send payments in dollars, and that those who wished to trade Venezuelan crude would have to do so in Chinese […]

This is what $100 buys you in Venezuela

sovereignman.com / Simon Black / September 28, 2017 The gunfire on the streets near my hotel started around 9pm last night. The sound is unmistakable, especially at night on an otherwise quiet city street. I had recently returned to the hotel after a few evening meetings. And coming back after dark it was as if they had […]

Venezuela Prepares For A War With The United States

The socialist nation of Venezuela has called on its military and asked them to prepare to go to war with the United States. Venezuela’s President Nicolas Maduro is bracing for war just days after the Trump administration banned Venezuelan officials from entering the nation. “We have been shamelessly threatened by the most criminal empire that ever existed […]

On the ground in Venezuela: this country is being cut off from the rest of the world.

sovereignman.com / Simon Black / September 27, 2017 The first thing to understand about Venezuela today is that it’s becoming exceedingly difficult to even get here. Or get out. Nearly every major regional and international carrier has discontinued service to/from Caracas. Due to safety concerns amid all the chaos and violence here, Lan Airlines in Chile (now […]

Venezuelan Women Turn To Prostitution To Afford Food

All twelve women who work at the “Show Malilo Night Club” brothel in Arauca, Colombia are from Venezuela. As Venezuela’s socialist economic crisis continues, many Venezuelan women have turned to the sex trade in neighboring Colombia to eat and provide for their families. “We’ve got lots of teachers, some doctors, many professional women and one […]

An Insider’s View Of The Bitcoinization Of Venezuela

zerohedge.com / by Tyler Durden / Sep 24, 2017 3:00 PM With Venezuela ‘almost’ defaulting on their government debt this week, Daniel Osorio, of Andean Capital Advisors, has had a front-row seat in the collapse of the socialist utopia, spending at least a week every month in the almost-failed state. In a brief but fascinating interview on CNBC, […]

Venezuela Bankrupt? Caracas Fails To Make Sept 15 Interest Payment

Exactly one week ago, we wrote that a “Venezuelan default is only a matter of time”.  We said that “while debt servicing has been a government priority, declining external liquidity and a deteriorating domestic situation (three-digit hyperinflation, shortages, and a political crisis between the government and the National Assembly) make it a daunting task. By […]

Venezuela Has Officially Abandoned The Petrodollar – Does This Make War With Venezuela More Likely?

Venezuela is the 11th largest oil producing country in the entire world, and it has just announced that it is going to stop using the petrodollar.  Most Americans don’t even know what the petrodollar is, but for those of you that do understand what I am talking about, this should send a chill up your […]