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Russia Announces Delivery Of More Supplies To Venezuela’s Military
Russia Announces Delivery Of More Supplies To Venezuela’s Military Even after repeat threats issued to Moscow from President Trump himself — including recently saying bluntly “Russia has to get out” — the Russian military now appears so unconcerned by such warnings that it’s simply announcing its Maduro support actions ahead of time via state media. Russian news agency TASS said Friday, citing a military-diplomatic source, […]
Venezuela Leaders Confirm Active Coup Attempt In The Country
Venezuela Leaders Confirm Active Coup Attempt In The Country Multiple reports say a military coup attempt is ongoing Tuesday morning in Venezuela as an anti-Guaido militia loyal to opposition leader and US-backed Juan Guaidó tries to establish military control of key points across the capital of Caracas and other major cities. Information Minister Jorge Rodriguez confirmed via social media […]
Pompeo Demands Moscow “Cease Unconstructive Behavior” In Venezuela
Pompeo Demands Moscow “Cease Unconstructive Behavior” In Venezuela As we predicted a number of times before, a proxy war between Russia and the United States appears now heating up in Venezuela — this after over the weekend Russia sent a military transport plane filled with Russian troops commanded by First Deputy Commander-in-Chief of the Land Forces of Russia Gen. Vasily Tonkoshkurov, which landed in Caracas […]
Venezuela Military Deploys S-300 Missiles Following Russian Troop Arrival
Venezuela Military Deploys S-300 Missiles Following Russian Troop Arrival Following the major weekend development of Moscow unambiguously asserting its ‘red line’ concerning potential US military intervention in Venezuela, for which Russia sent a military transport plane filled with Russian troops which landed in Caracas Saturday, new satellite images reveal a major deployment of S-300 air defense missile systems to […]
Venezuela Now 24 Hours In Darkness; Maduro Blames US “Electricity War”
Venezuela Now 24 Hours In Darkness; Maduro Blames US “Electricity War” Venezuela’s worst ever power outage in recent history has continued since Thursday, as video and photos continue to come out of the cash and resource strapped country showing entire cities blanketed in darkness. Stretching into day two of the mass electrical shutdown, 23 out of […]
The Coming US-China Proxy War In Venezuela
The Coming US-China Proxy War In Venezuela China won’t give up on embattled Venezuelan president Nicolas Maduro anytime soon even as the US-led international noose of “delegitimizing” hangs around the socialist strongman, according to government statements released on Friday. Beijing reaffirmed it maintains “normal state-to-state relations” and cooperation between the two sides “shouldn’t be undermined no matter how […]
Venezuelans Face Gasoline Shortages
Venezuelans Face Gasoline Shortages Cars, motorcycles and buses wrapped around Caracas’ gas stations earlier this week as oil production and refining becomes increasingly erratic in the former petro giant. The fuel shortages have expanded across the country as Petroleos de Venezuela SA’s refineries run at the lowest rates seen this year amid a lack of […]
The Time Has Come: Venezuela May Be In Default In Under 48 Hours
The Time Has Come: Venezuela May Be In Default In Under 48 Hours This past weekend, Venezuela failed to make $237 million in bond coupon payment, blaming “technical glitches” when in reality it simply did not have the money (or wish to part with it). Adding the $349 million in unpaid bond interest accumulated over […]
Venezuela Runs Out Of Electricity, Will Shut Down For A Week, El Nino Blamed
Venezuela Runs Out Of Electricity, Will Shut Down For A Week, El Nino Blamed When last we checked in on our favorite socialist paradise, Venezuela, President Nicolas Maduro’s opponents “had gone crazy.” Or at least that’s how Maduro described the situation in a “thundering” speech to supporters at what he called an “anti-imperialist” rally in […]
Venezuela isn’t looking too hot
Venezuela isn’t looking too hot If anarcho-capitalists should move to Somalia, then socialists – especially, “social democrats” — should move to Venezuela. The country is a complete disaster. But don’t take my word for it, read what a Caracas homemaker said after she tried to buy three cans of sardines and was ordered to put one back […]
Brain-Drained
Brain-Drained Venezuela: Real Wages Collapse amid Continuing Crack-Up Boom While the crack-up boom in Venezuela continues, real wages in the country have have utterly collapsed. The bolivar is still trading close to 700 to the US dollar on the black market, and the Caracas stock index keeps making new all time highs in nominal terms […]
The Reason for Hyperinflation-phobia
The Reason for Hyperinflation-phobia The New York Times can be forgiven for blaming the empty shelves in Caracas to the plunge in oil. However, a raging hyperinflation cleared the cupboards before the price of oil was cut in half. William Neuman’s front page story illustrates what the NYT does best, making economic tragedies personal. Laboratory assistant Mary Noriega […]
Thousands march against Venezuelan president
Thousands march against Venezuelan president Protesters rally against sky-high inflation and shortages of food in Caracas, demanding President Nicolas Maduro resign. Thousands of protesters have marched in the Venezuelan capital banging pots and pans over shortages of food and demanding an end to President Nicolas Maduro’s term in office. Demonstrators poured on to the streets […]
China to invest $20bn in struggling Venezuela
China to invest $20bn in struggling Venezuela China has agreed to invest more than $20bn in economic, social, and oil-related projects in Venezuela, as the country struggles from a financial crisis brought on from falling oil prices. President Nicolas Maduro said on Wednesday he was seeking to strengthen ties with Chinese banks after meeting Chinese […]
