Venezuela's economic crisis explained
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Venezuela has been hit by a wave of economic problems, with the two most pressing issues being the high inflation and the scarcity of goods. Although they are mentioned separately, these two issues are actually interwoven. In this report we look at how Venezuela's state-run foreign currency exchange bureau, the CADIVI, took measures to fight capital flight by imposing artificial currency rates in 2003. And how this currency bubble is linked to the high inflation and the scarcity of commodities. CaspianReport is a one-man-operation. If you want to help out, you can do so by a donation. Thank you! https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=6BSCMGST2XBJG Or simply, leave your thought in the comment section, like and share this report. Also be sure to follow us on social media. Facebook: https://www.facebook.com/caspianreport Twitter: https://twitter.com/caspianreport For more information on Meydan TV visit the website: http://www.meydan.tv/en/ Follow Meydan TV on Facebook: https://www.facebook.com/meydantelevision
Comments
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I have yet to see a brown person able to run anything. We are all devils but why is it that the whites are the smartest of devils?
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Awesome Venezuela explainer, as a Venezuelan living in Venezuela, I certify the quality of this video
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Socialist currency rots fast.
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Refuge can be given to some of the young people who are willing to work on a farm in Benin Nigeria.
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you are such a communist pig
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I don't understand much about currency issues like inflation, but I can't help to half-understand along those lines : "Oh God, that's fucked up!"
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The socialist fuck that uploaded this video should move back to Venezuela so he can enjoy his socialist paradise.
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FUCK SOCIALISM! FUCK BERNIE SANDERS!
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Hi. My favourite pasttime is to watch channels more or less like yours, channels with an informed, researched and pertinent opinion on the world we all live in....I don't know how you do it but it is honest, pertinent and relevant, weather you talk about politics, religon or some other normally polarizing subject.... All the best and please keep it up!
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so in short, the rich again are to blame for the problems in this country
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where is Columbia?
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1. Depend 100% on oil and overspend.
2. face the reakity off a lower oilprice, not just for months but years... -
Wikipedia has a better explanation.
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These explanations are deceptive. Like who is the present ruler ? A bus driver.
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How did capital flight lower the inflation rate ? The answer was never fully discussed.
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How long do you think it will be before America fully becomes Venezuela?
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the reason behind this is the one and only USA.
USA artificially reduces the price of OIL to tackle russia. -
the problem is socialism is against human nature.
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Great Report !
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Three reasons for all of this: socialism, socialism, and socialism.
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