davidbugs wrote: Venezuela’s last chance to avoid chaos | Miami Herald
Pray for Venezuela..
Venezuela is in a state of crisis. The South American country, which has the largest oil reserves on the planet, is currently locked in the disastrous feedback loop of printing more money to keep up with rising prices, which, in turn, is cheapening the bolívar.
The result is a 700 percent inflation rate, currently the highest in the world. And the situation is only getting bleaker, not just for Venezuela’s hugely unpopular President Nicolas Maduro, who is clinging to power with emergency measures, but even more so for the country’s 30 million inhabitants.
Because of insanely high prices for basic ingredients, bakeries have started shutting down because they can no longer afford flour, which is leading to a very scarce food situation and long bread lines, according to USA Today. And if history has shown us one thing, it’s that the shit usually hits the fan when bread gets too expensive.
A Venezuelan Governor Is Telling Hungry People to Eat Fried Rocks