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Maduro Unveils “The Petro”: Venezuela’s Official Cryptocurrency To “Overcome Financial Blockade”

Three months ago, in a not entirely surprising move meant to circumvent US economic sanctions on Venezuela, president Nicolas Maduro announced that his nation would stop accepting dollars as payment for oil imports, followed just days later by the announcement that in a dramatic shift away from the Petrodollar and toward Beijing, Venezuela would begin […]


Venezuela Bans Magazines From Publishing Photos Of Women In Bikinis

While Venezuela’s embattled government struggles with the fallout from being declared officially in default by ISDA after delaying a principal payment on the Petroleos de Venezuela SA, or PDVSA, bond that matured Nov. 2, its Supreme Court has been busy robbing the country’s downtrodden public one of the few small pleasures still available in a […]


In Angry Tweetstorm, Venezuela’s National Oil Company Lashes Out At “Doomsayers”

As reported earlier, Venezuela’s state-run oil company surprised naysayers who speculated that today may be the day PDVSA finally defaults on its $842 million bond issue. In a statement, PDVSA “confirms its full solvency and capacity to fulfill its commitments, despite the economic war and the imposition of unjustified sanctions from Donald Trump,” the oil […]


How Socialism Ruined Venezuela

Authored by Rafael Acevedo & Luis B. Cirocco via The Mises Institute, In order to understand the disaster that is unfolding in Venezuela, we need to journey through the most recent century of our history and look at how our institutions have changed over time. What we will find is that Venezuela once enjoyed relatively […]


Maduro To Generals: Prepare For War With “Criminal Empire” US

After barely managing to scrape together the nearly $200 million needed to make a bond payment earlier this month (the country made the payment a week late), Embattled Venezeulan President Nicolas Maduro is refocusing his attention on the US, warning military leaders Tuesday to begin preparing for war with the US. Maduro's call to arms […]


Venezuelan Women Forced To Turn To Prostitution To Afford Food

Authored by Mac Slavo via SHTFplan.com, All twelve women who work at the “Show Malilo Night Club” brothel in Arauca, Colombia are from Venezuela. As Venezuela’s socialist economic crisis continues, many Venezuelan women have turned to the sex trade in neighboring Colombia to eat and provide for their families. “We’ve got lots of teachers, some […]


An Insider’s View Of The Bitcoinization Of Venezuela

With Venezuela 'almost' defaulting on their government debt this week, Daniel Osorio, of Andean Capital Advisors, has had a front-row seat in the collapse of the socialist utopia, spending at least a week every month in the almost-failed state. In a brief but fascinating interview on CNBC, Osorio discussed the fact that as Washington unleashes […]


Big Oil Nervous As Venezuela’s Maduro Seizes More Power

Authored by Tsvetana Paraskova via OilPrice.com, The pro-government constitutional assembly loyal to Venezuelan President Nicolas Maduro seized the powers of the opposition-led congress today, in a move that necessarily has Big Oil nervous that Trump will make good on his economic sanctions threat. Maduro’s bold political move on Friday means further intensifies the dramatic decline […]


“Attack Venezuela!?” Ron Paul Rants “Trump Can’t Be Serious!”

Authored by Ron Paul via The Ron Paul Institute for Peace & Prosperity, There is something unsettling about how President Trump has surrounded himself with generals. From his defense secretary to his national security advisor to his White House chief of staff, Trump looks to senior military officers to fill key positions that have been […]


Intel Memo: Marco Rubio Targeted For Assassination By Venezuela Lawmaker

Senator Marco Rubio may have been targeted for assassination by one of Venezuela's most powerful lawmakers and long time secretive head of the country's security services. According to the Miami Herald, the US Department of Homeland Security disseminated a sensitive memo to federal agencies last month which identified Diosdado Cabello Rondon as behind the "order […]


Could Bitcoin Help Venezuelans As Crisis Deepens?

Authored by Michael Kern via Crypto Insider, Protests continue to rage in Venezuela as inflation soars to unprecedented levels and the price of oil remains low. The country’s national currency is now worth less than fictional gold in Azeroth, the setting of the popular massively multiplayer online role-playing game World of Warcraft, pushing Venezuelans to bitcoin […]