– Venezuela Increasingly Looks Like A War Zone (ZeroHedge, Aug 1, 2015):
Over the years, we have repeatedly poked fun at the transformation of Venezuela into a “socialist utopia” – an economy in a state of terminal collapse, where the destruction of the currency (one black market Bolivar is now worth 107 times less than the official currency’s exchange rate) and the resulting hyperinflation is only matched be barren wasteland that local stores have transformed into now that conventional supply chains are irreparably broken.
Just this past Wednesday we showed a clip of what is currently taking place inside Venezuela supermarkets, noting that “the hyperinflationary collapse in Venezuela is reaching its terminal phase. With inflation soaring at least 65%, murder rates the 2nd highest in the world, and chronic food (and toilet paper shortages), the following disturbing clip shows what is rapidly becoming major social unrest in the Maduro’s socialist paradise… and perhaps more importantly, Venezuela shows us what the end game for every fiat money system looks like (and perhaps Janet and her colleagues should remember that).”
Unfortunately, while mocking socialist paradises everywhere is a recurring theme especially once they have completely run out of other people’s money to burn through, what always follows next is far less amusing – completely social collapse, with riots, civil war and deaths not far behind.
That is precisely what the video shown below has captured. In the clip, a demonstration against Venezuela’s poor transportation services quickly turned violent. End result: one person dead from a gunshot wound, more than 80 arrested and four shops looted on the Manuel Piar Avenue in San Felix.
What is most distrubing is how comparable to an open war zone what was once a vibrant, rich and beautiful Latin American country has become.
This is just the beginning: with the ongoing collapse of the economy, the resultant acts of social violence will only deteriorate and claim more innocent lives, until the “socialist utopia” ends as it always does: with the arrival of a military coup or a full blown civil war.
Folks need to remember, the former head of VZ, Hugo Chavez, was the man who introduced the first electronic currency to nations wanting freedom from the US dollar domination…..The Sucre, launched in Spring of 2010. It was launched to serve the 12 members of his tiny organization, the South American Trade Alliance. They served 12 small nations, including Cuba, and for the first time in their history, they were able to trade directly with each other, using their own currencies. The Sucre translated the value of each currency at the time of transaction, making conversion to the dollar (or any world reserve currency) obsolete and unnecessary.
It was so small, and covered by none of the major US news that isn’t corporate noise outlets, that the US didn’t catch it until sometime later…………and that was too late. If we had a free press……………………
Russia and China watched closely, and in November of 2010, established an identical system with each other. China went on to recruit, Turkey, Iran, Brazil, many south and Central American nations, most emerging African nations, including South Africa, Australia and lastly, Canada. There are others I cannot recall at the moment.
To get Argentina, Brazil, India, Russia, China, and South Africa, the big players in BRICS…….that is the motive. The fact they will be loaning money in the Yuen must be upsetting to US greedy guts who have profited greatly by the dollar domination of the world economy. Now, it is too late, so breaking the financial backs of these nations (and other players) is the last desperate attempt………………….
The US has the Euro, Japan and the greedy gut Saudis supporting the dollar…….Most other nations have adopted electronic currencies, and the US is trying to put the genie back into the bottle. It won’t work, but that is why they are trying………………..Technology and efficiency will overcome and leave the dollar behind.
Brazil and Argentina are big world economies, Brazil being #7 at the moment, but the greedy guts are angry……………..