Thursday, August 4, 2016

Communism and Socialism just doesn't work.

Thomas Williams

Venezuela is about to turn into another North Korea if the Venezuelan people do not through these Communist socialist buns out of power. And return to a more open capitalistic market place like the United States again.

Running out of food would convince me that their Government members must be clanged big time, what about you.

Venezuela's cash could run out 'within a year'

by Patrick Gillespie  @CNNMoney August 3, 2016: 12:45 PM ET


Venezuela is running out of money and time.

The country's central bank only has $11.9 billion in reserves, down sharply from $30 billion in 2011. A few large debt payments are coming due soon. Starting in October, Venezuela owes a total of $4.7 billion in a series of payments.

Venezuela is in the midst of a deep economic, political and humanitarian crisis. Its citizens are suffering from massive food shortages and hospitals lack basic medicine and equipment. Experts say Venezuela has prioritized paying the debt over dealing with the shortages.

"Within a year they're going to run out of money," says Russ Dallen, an expert on Venezuela's debt and managing partner at Caracas Capital, an investing firm in Miami. Dallen pointed out that the country has been almost "suicidal" in its focus on making debt payments.

Related: Venezuela is selling oil for food to Jamaica
Faced with a humanitarian, economic and political crisis, Venezuela's government is running out of money with major debt payments looming.

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