Friday, January 15, 2016

Venezuela, First Nation to Face Coming Economic Collapse ?

Venezuela decrees 60-day economic emergency

Inflation is said by Congress to be running at 140% a year.

Venezuela has the world's biggest known oil reserves but the huge fall in oil prices in the past 18 months has slashed its revenues by 60%.

...Or will it be Puerto Rico ?

Venezuelan's waiting for Government food, Coming to America  

The ripple effects of low oil prices, a slowing Chinese economy and a very unstable world economy looks to have started with Venezuela and will spread across the globe.

And of course this is another example of what socialism does to a country that rejected the capitalistic system.

Angry Mobs and Rioting are not far behind.

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