Tagged: venezuela

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Venezuela: We can’t pay our debts anymore

Someday people will realize that socialism and communism sucks. Venezuelan President Nicolas Maduro finally admitted his government can’t afford to pay all of its mounting bills. Maduro said in a televised speech Thursday that...

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Venezuela Joins the Anti-Dollar Crusade

From Birch Gold Group Yet another nation is taking steps to dethrone the dollar’s leading role in the global marketplace – and it could have serious ramifications for the wealth and spending power of average...

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Venezuela Default In 48 Hours?

This past weekend, Venezuela failed to make $237 million in bond coupon payment, blaming “technical glitches” when in reality it simply did not have the money (or wish to part with it). Adding the...