Venezuela has the largest proven oil reserves in the world. It was once so rich that Concorde used to fly from Caracas to Paris. But in the last three years its economy has collapsed. Hunger has gripped the nation for years. Now, it’s killing people and animals that are dying of starvation. The Venezuelan government knows, but won’t admit it!!! Four in five Venezuelans live in poverty. People queue for hours to buy food. Much of the time they go without. People are also dying from a lack of medicines. Inflation is at 82,766% and there are warnings it could exceed one million per cent by the end of this year. Venezuelans are trying to get out. The UN says 2.3 million people have fled the country - 7% of the population.

Friday, September 14, 2018



MIAMI HERALD - Desperate for cash, Venezuela threatens to sue its neighbors
BY JIM WYSS

September 14, 2018 02:30 PM

BOGOTA, COLOMBIA 
As Venezuelan President Nicolás Maduro spends the weekend in China nailing down a $5 billion emergency loan, his cash-strapped administration is floating another money-making scheme: suing its neighbors. 
In recent days, Maduro and his cabinet have said they might sue Colombia, Ecuador and Perú for their “xenophobic” treatment of Venezuelan migrants. And on Tuesday, Maduro ordered his justice department to sue Colombia to claw back money he says his administration has spent providing social services to millions of Colombians living in Venezuela. 
The legal threats come as Venezuela seems increasingly desperate for cash. Once wealthy, the country is being slammed with chronic food and medicine shortages. Its foreign cash reserves are at their lowest levels since the 1980s. And oil output, the country’s lifeblood, is down to levels not seen since a 2002 oil-worker strike. In addition, U.S. sanctions have been keeping the country from finding fresh funds. 
That could change this weekend, with Maduro in Beijing finalizing a $5 billion loan the government says it will use to boost crude production.

More info: https://www.miamiherald.com/news/nation-world/world/americas/venezuela/article218324270.html
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