Venezuela’s
hyperinflation of the bolivar is set to reach 1,000,000% in 2018.
Venezuela’s oil
production was 2.5 million bbd In January 2017.
It dropped to 1.36 million bbd in May 2018.
The culmination of chronic mismanagement and underinvestment,
which resulted in shortages of basic equipment and supplies for years now
across Venezuela’s oil fields, has all taken its toll.
Refugees from Venezuela continue to seek food
and shelter in all neighboring countries. The 4 million refugee estimate is
growing and host countries are maxing out.
Comments
I suppose it’s too
simple to allow families of Venezuelans to go to work on abandoned farms and
produce food for themselves and the rest of the citizens without any government
interference. If some of them can fix abandoned tractors and get some gas
money, they could start to rebuild.
The Zimbabwe
hyperinflation ended when they converted to the US Dollar in 2015. Their
history is below:
Norb Leahy, Dunwoody
GA Tea Party Leader
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