Chavismo’s Shifting Crypto Strategy
His team didn’t deliver on the promise of raising billions through an ICO.
Economy
What Does the Latest OAS Report Really Mean?
A 400-page report commissioned by the OAS’ Secretary General sums up the horrors endured by arbitrarily detained Venezuelans. The one to blame: the Maduro government. What happens next? Will there be justice?
Steemit: A Lifesaver Amid Hyperinflation
After the math doesn’t check out at the end of each quincena, resourceful Venezuelans turn to making extra income online on a platform called Steemit to save the month and beat hyperinflation and the crisis.
Kellogg’s Flees Venezuela Too
American cereal-maker Kellogg’s announced that it would leave Venezuela, leaving hundreds without jobs and a void in our breakfasts.
The Parallel’s Parallel Turned Upside Down and We Can Only Look at It Go
Strange things are happening in Venezuela’s parallel foreign exchange market. We delve into the dark depths of bolivar-dollar unregulated trading to understand what’s going on.
Banesco Intervention Popped A Bubble: Our Financial System is Completely Destroyed
Chavismo’s hostile Banesco intervention causes more damage than people detained and distressed customers: It reveals just how the government really screwed up our economy.
The Government (Finally) Goes After Banesco
After years of veiled threats against Venezuela’s largest bank, 11 Banesco executives were arrested and now face the uncertain.
Once the Safest Bet Against Hyperinflation, Real Estate Loses Value
Even though middle-class Caraqueños tried to protect their savings with residential real estate, their year-to-year value dropped dramatically in 2017, leaving them helpless against inflation.
Just In: The IMF Censures Venezuela for Not Providing Economic Data
Chavismo blatantly disregarded the constitution when it failed to provide economic data to Venezuelans and to the IMF. They had been warned and, as always, they didn’t care.
Unconstitutional Decrees from ANC and Maduro Regarding Shady Petro
The government’s erratic, irresponsible, frequently unconstitutional economic behavior had to extend all the way to its handling of their petro atrocity. What else could be expected?
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