Venezuela Troops Take Prosecutor Office as Enemies Targeted

[EX500rider]

9. No, Venz was circling the drain way before the price of oil dropped.

Due to government interference in the economy.
Over printing Bolivars (their currency) causing rampant inflation.
Setting up multi level exchange rates making dollars hard to get to buy imports.
Seizing foreign and local assets drying up foreign investment and driving off oil field know how causing oil production to fall.
Failing to diversify their economy while they still had the money to do so.
Wasting 100 billion dollars on vote buying give away's while ignoring crucial infrastructure, resulting in more falling oil production and daily blackouts.
Setting price controls during rapid inflation resulting in driving away goods. (nobody can sell under cost for long)
Subsiding gas prices at a ridiculously low level, resulting in rampant black market cross border selling.
Ignoring the spiraling murder rate, the capital Caracas is now the murder capital of the world with a rate over 100 per 100,000 per year. (the US rate is under 5)

All self inflicted wounds.



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