{"id":10626,"date":"2015-08-02T07:12:10","date_gmt":"2015-08-02T12:12:10","guid":{"rendered":"http:\/\/olduvai.ca\/?p=10626"},"modified":"2015-08-02T07:12:10","modified_gmt":"2015-08-02T12:12:10","slug":"venezuela-increasingly-looks-like-a-war-zone","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=10626","title":{"rendered":"Venezuela Increasingly Looks Like A War Zone"},"content":{"rendered":"

Venezuela Increasingly Looks Like A War Zone<\/a><\/h3>\n

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\u00a0black market Bolivar<\/a>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.<\/p>\n

Just this past Wednesday\u00a0we showed a clip\u00a0<\/a>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).”<\/p>\n