Trump Ramps Up Steel Tariffs After Promise in Pittsburgh
This Comedian Pointed out the 'Craziest Narrative' About the 2024 Election
Ted Cruz Roasts Senator 'Spartacus' During Fiery Exchange About Threats to Judges
WATCH: Ted Cruz Has Had Enough of These Activist Judges
Networks Shame Themselves Retracting False Gaza Reports, and CNN Fires Reporter Behind Def...
Federal Court Halts Trump Restrictions on Transgender Inmates
NRCC Torches House Dems Over Boulder Terror Attack: Rivet, Landsman Slammed for Radical...
CEO of Health Care Software Company Convicted in $1 Billion Medicare Fraud Scheme
'Lamest Opposition in America': JD Vance Responds to Democrats Trying to Troll Trump...
Male Student 'Switches Gender' During School Day To Watch Girls Change in Locker...
FBI Uncovers Chinese Biopathogen Smuggling Plot at University of Michigan
Californians Eye Kamala Harris 2028 Rumors with Shrugs, Sighs, and Skepticism
Party's Over: Nightclub Full of Illegal Immigrants in South Carolina Raided
WH Press Secretary Karoline Leavitt Calls Out BBC for Libelous Claim About IDF...
First Round of DOGE Cuts Headed to Capitol Hill
Tipsheet

Economic Crisis in Venezuela Sees No End

Hunger continues to spread, lines keep growing and the situation in Venezuela is clearly there to stay.

Over the past few years, the world has witnessed Venezuela's worst economic crisis in history reek havoc on the country and its people.

Advertisement

President of Venezuela and leader of United Socialist Party of Venezuela (PSUV) Nicolás Maduro took over after Hugo Chavez' death three years ago and has faced economic instability due to the decrease in oil prices and mismanagement of government.

Maduro blames big corporations from the U.S. for the crisis. 

In actuality the fault lies with Maduro's government. In response to the lack in access to international capital, the Maduro government has been printing more and more money. This fuels massive inflation. 

In just one year, the price to feed a family of five has gone up 524 percent.

This economic crisis includes food and medicine shortages, electricity restrictions and rare basic necessities. All of these bring riots and violence to the Latin American country.

The people of Venezuela are forced to wait in long lines in front of state-run supermarkets to get food and basic needs. This trend occurs because of the decreased imports of products into the country.

The spokesman of the NGO recalled that 1,200 protests were reported in 2015 by food. And the State's response has been the use of public force and repression.

Advertisement

According to Transparency International, Venezuela is the ninth most corrupt country in the world.

The government tried to fix the problem by implementing price floors that just caused all products to disappear to the black market.

Because this problem is not going away, the government has been dipping into its gold reserves to pay off their international debt. When those run out, imports will decrease even more and possibly end entirely. 

There is one ray of hope for the Venezuelans. Gardens supplying fruits and vegetables have helped some of the starving families hurt by the crisis. While it still is not enough, it is something positive. 

This is no indicator of a brighter future.

There's still nonstop spreading hunger and long lines. These indicate that the dire situation in Venezuela has no near end in sight.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement