Venezuela's Economy On The Brink Of Collapse | Hyper-Inflation Coming Soon
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The Venezuelan Bolivar is most certainly on the brink of complete collapse. The FIAT currency which is mostly dependent on the petroleum industry is being devalued at a frightening rate. The official stat released by the Venezuelan communist government for inflation is 108%. However, according to the IMF's official stat in 2015, inflation rates reached 275% which means the price of living is nearly tripling each year which is incredibly unsustainable and mimics what we've seen in Zimbabwe and earlier, the Wiemar Republic. On top of all of this, projections seem to point towards Venezuela inflation hitting 720% in 2016. This is absolutely catastrophic. In this video, author and economist John Thore Stub Sneisen explains what's happening in Venezuela, how it affects other countries and the root reasons for all of these monetary problems throughout the world. Venezuela's government income has been cut by 80% as they print themselves into oblivion from the disastrous efforts by their central bank. On March 8th, 2015, U.S. President Barack Obama signed Executive Order 13692 which declared Venezuela a national security threat to the United States. This is likely because a lot of banks have invested heavily in Venezuelan debt which is how they printed all this money. The U.S. government will probably try to bail out Venezuela when the collapse happens and we all know how worthless the American dollar is already. The U.S. has bought the most Venezuelan bonds and these bonds are not going to be repayable. In conclusion, John Sneisen makes it quite clear that hyper-inflation is coming very soon to Venezuela followed by complete economic collapse. It will not be long until the people of Venezuela stand up out of total poverty and demand an end to the Bolivar currency. Yet another argument for free markets and competing currencies. Of course this is a global monetary issue and we at WAM will continue to analyze economies throughout the world as the world order agenda is unfortunately accomplished. Find John Sneisen's book 'The End of Freedom: How Our Monetary System Enslaves Us' on Amazon here: http://www.amazon.ca/The-End-Freedom-prepperss-surviving-ebook/dp/B016SECTSW Video shot and edited by Josh Sigurdson Featuring: John Sneisen Josh Sigurdson Graphics by Bryan Foerster LIKE us on Facebook at World Alternative Media or Follow us on Twitter @WorldAltMedia DONATE HERE: https://www.gofundme.com/w3e2es Help keep independent media alive! World Alternative Media 2016
Comments
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really nice information about the world economy however , generally there is a paradox here! despite the fact that, this video clip offers very genuine information and facts about the uptrend of the precious metals price, because I am one in not so a lot of people knowing about this early, I should become delighted about what i know. But totally not ! i truly feel depressed.I am living paycheck to paycheck similar to many 9 to 5 persons here. I do not have available money to get precious metals while the hurricane is coming. I hope i in no way watch this video. if the owner of this video would make an additional good clip, you need to make a video on precisely how to have dollars to buy precious metals. Thumb up if you truly feel the same way.
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socialism and communism arent the same thing. take note of
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Economic Warfare...
Don't forget "embargo's, and sanctions" put upon the Venezuela people by
America.. Sanctions are an act of war...
The Sanctions put on Iraq by America starved 500,00 children to death by
NATO's estimates, but they only counted children up to age 5, the real
estimates are over 1,000,00 children died by U.S. Sanctions in Iraq.. -
Guys, can you indicate me some unbiased content on this aspect of economics ne 'for dummies'? lol After a while diving into politicsa I realized understanding economics is essencial. However, I could only find one sided statements rather than explanations and observations without an in depth teaching take. I have already gotten how inflation works in the aspect of just printing money and the production nor keeping up with power to buy stuff so prices rise. So far so god. What I don't get is things like: if this is a basics what keeps governments or society from increasing production? I normally see that countries with this issue are too dependendt on a specific thing , like the oil market or doesn't have developed industries, just primary goods. So.. what is the element that keeps them from diversifying and why can't they just print more money to new industries, companies and entrepreneurs as well and not just to consumers and workers? I couldn't find this information clearly anywhere so far. I'd be very grateful if you could point me out in that direction
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OMG the Venezuelan currency is more worthless than the US dollar. Who'd a thunk it?
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Bernie Sanders and his supporters should really take note on this.
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Can you ask John about Canada?
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I lived in Venezuela 1997 - 2007 and what caused most of the problems was the government's push to centralize the economy, place a US currency control and squash private enterprise. :/
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WAM, Venezuela's not going down by 2017, we're (the USA's) going down by 2017!
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It's A Nuclear End... One Way Or The Other.... Fukushima Japan Nuclear Disaster Never Ended..... The Next Nuclear Disaster Is A Mathematical Certainty....... Due To The Algorithm Of Greed
REMEMBER ALL THE FOOD AND WATER IS BIO ACCUMULATING NUCLEAR ISOTOPES .... YOU LIKE THE NEW VIRUS ??? LOOKS A LOT LIKE RADIATION POISONING -
i like the information you are providing. but i do have to say that it looks quite redneck and unprofessional driving around in a car. You all couldn't create the proper atmosphere?!
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I say let them fail. People need to see the consequences of adopting Communism. World should have learned its lesson way back in the 1950's China and Soviet Union Communist failures.
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cut oil 4 usa today
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it's highway robbery in the open...western banks go to third world countries to entice modern developments promising revenue from such developments...and when it doesn't happen and unable to pay the loans, the IMF comes to bail that indebt country out by giving it loans to pay the countries creditors...slick, they are paying themselves...ponzi scheme...
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ww3 is what's gonna finish off the world's economies so they could bring in a one world currency
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Canada's economy is heading down the same path
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