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Venezuela's Central Bank is making yet another attempt to "stabilize" the collapsed economy, launching a digital currency to make a million-to-1 adjustment to the bolivar. (And of course, to institute a cashless society.)
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I have been home for over two months now, and I have only acquired four banknotes of 500,000 Bolivares each. Finding cash is a pain. I went to see if the bank could unlock my old account.
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On this episode of the Resistance Library Podcast, Sam and Dave discuss Venezuela and the paradox of plenty – a cautionary tale about oil, envy, and demagogues.
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The government of Venezuela is considering a new redenomination of its fiat currency.
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DUBAI, United Arab Emirates (AP) -- An Iranian destroyer and support vessel are now sailing in the Atlantic Ocean in a rare mission far from the Islamic Republic, Iran's state TV reported on Thursday, without offering the vessels' final destinat
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We are back home in Venezuela!
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Venezuela -- Since Bolivarian social democracy replaced fascist tyranny in 1999, US regimes from the Clintons to Biden/Harris have gone all-out to crush it short of hot war.
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Venezuela -- Biden and hardliners around him are like their predecessors.
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Venezuela -- US sanctions wars are all about wanting economies of targeted countries crushed, their people suffocated into submission to Washington.
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After much pain and suffering, Venezuelan socialist leaders have conceded they cannot effectively run an economy.
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The U.S. treasury department on Tuesday authorized the socialist regime of dictator Nicol´ås Maduro to conduct "transactions and activities" necessary to operate "ports and airports in Venezuela," relaxing sanctions placed on the Latin Amer
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Venezuela has the world's largest proven oil reserves. It's out of gasoline.
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Venezuela's government is planning to move to a fully digital economy as hyperinflation has made worthless bolivar notes practically disappear, and dollarization expands through the local financial system.
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Back in November 2018, the Bank of England refused to release Venezuela's gold holdings due to its insistence that standard measures to prevent money-laundering be taken - "including clarification of the Venezuelan government's intentions for the g
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No matter how much preparing you do, sometimes there are lessons to be learned and moments you will wish you had done it all differently.
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Venezuela -- On Sunday, Venezuelans voted to elect 277 National Assembly members for five-year terms from January 5, 2021 to January 5, 2026.
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It appears both Iran and Venezuela are ready and willing to test the outgoing Trump administration in a major gambit to skirt sanctions in a crude and fuel export scheme.
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Venezuela -- As part of the Trump regime's war on Venezuela by other means, revenues from the state-owned US subsidiary CITGO were illegally blocked.
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A famous US-based pizza chain has begun accepting cryptocurrency payments in all its stores in Venezuela.
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The Venezuelan Army has inaugurated a cryptocurrency mining center with bitcoin mining equipment aimed at generating "unblockable income," as the country attempts to bypass U.S. sanctions.
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Venezuela has one active oil rig according to the Baker Hughes international oil rig report. Venezuela is producing 367,000 barrels of oil per day.
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Venezuela -- During Trump's legal team press conference on Thursday, attorney Sidney Powell defied reality by the following remarks:
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Venezuela says it will incorporate bitcoin and litecoin wallets to its Patria's Cryptocurrency Remittance Platform.
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South Korea reports that 48 people recently have died after getting flu shots, but said it would carry on with the state-run vaccination program anyway because it found no direct link between the deaths and the shots.
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Under the direction of Luis Giusti in the 1994?"98 period, PDVSA's production soared. This trend changed in 1999, when Hugo Chavez became Venezuela's president and introduced Chavismo as the country's guiding economic doctrine. Venezuela's
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We'd all like to believe that the United States is on the road to economic recovery and that things are going to get better.
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We'd all like to believe that the United States is on the road to economic recovery and that things are going to get better.
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A UK court ruled that the administration of Boris Johnson's position that Juan Guaidó is the legitimate ruler of Venezuela is far from equivocal, paving the way for over $1 billion of the country's gold to be released.
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The true endgame for MMT (Magic Money Theory)
