Venezuela currency chaos even 'worse than it sounds,' says expert

Описание

Daniel Osorio, Andean Capital Advisors, discusses the state of the Venezuelan economy as the government devalues the bolivar to rein in rampant hyperinflation.

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The country is in chaos, but its leaders aren't going anywhere. Correction at 1:58: It’s been brought to our notice that the Supreme Court tried to strip the country’s National Assembly of its powers in March 2017 and not 2016. We regret the error. For more on the Supreme Court ruling: https://www.vox.com/world/2017/5/1/15408828/venezuela-protests-maduro-parliament-supreme-court-crisis Sources: 0:56 https://tradingeconomics.com/venezuela/inflation-cpi , https://tradingeconomics.com/venezuela/consumer-price-index-cpi , http://www.imf.org/external/datamapper/[email protected]/OEMDC/ADVEC/WEOWORLD/VEN?year=2017 , https://en.wikipedia.org/wiki/Crime_in_Venezuela#/media/File:1998_to_2013_Venezuela_Murder_Rate.png https://www.reuters.com/article/us-venezuela-economy-forex-idUSKBN1AP2LM 1:25 https://www.scribd.com/document/354981596/Datanalisis-Informe-Omnibus-Julio-2017-ODH-Consultores#from_embed (Page 22) http://www.datanalisis.com/ 1:54 https://www.wsj.com/articles/maduro-s-allies-stack-venezuelas-supreme-court-1450912005 3:27 https://www.eia.gov/todayinenergy/detail.php?id=24432 3:44 https://commons.wikimedia.org/wiki/File:Venezuela_Poverty_Rate_1997_to_2013.png 4:00 https://www.economist.com/news/finance-and-economics/21720289-over-past-year-74-venezuelans-lost-average-87kg-weight-how 4:40 https://www.cato.org/research/troubled-currencies?tab=venezuela Subscribe to our channel! http://goo.gl/0bsAjO The collapse of Venezuela and President Maduro's rise to dictatorship. Venezuela was once the richest country in Latin America. It has the largest known oil reserves in the world. And its democratic government was once praised world wide. But today, Venezuela’s democratic institutions and its economy are in shambles. The country has the highest inflation in the world, making food and medicine inaccessible to most Venezuelans. Over the last four years, its GDP has fallen 35%, which is a sharper drop than the one seen during the Great Depression in the US. The country’s murder rate has surpassed that of the most dangerous cities in the world. These conditions have sparked months of protests against the president, Nicolas Maduro. And it’s easy to see why: the country has become measurably worse since his election in 2013. Vox.com is a news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com to get up to speed on everything from Kurdistan to the Kim Kardashian app. Check out our full video catalog: http://goo.gl/IZONyE Follow Vox on Twitter: http://goo.gl/XFrZ5H Or on Facebook: http://goo.gl/U2g06o

1 лет назад
CHRIS DUANE: Silver $900, Market Crash LOOMING, Major Political TURBULENCE!

CHRIS DUANE: Silver $900, Market Crash LOOMING, Major Political TURBULENCE!

Shelter your Portfolio from the Bonds COLLAPSE: http://www.PortfolioWealthGlobal.com/Bonds Get Immediate Access to our Exclusive Report on the Coming STOCK MARKET CRASH: http://www.portfoliowealthglobal.com/crash/ Download Our Top 5 Cryptocurrencies for 2018 AT: http://www.portfoliowealthglobal.com/top5/ The Gold Bull Market is Weeks Away From Hitting FULL THROTTLE. Get Educated NOW: http://www.portfoliowealthglobal.com/goldplaybook/ Cannabis Legalization is a HUGE Industry - the Potential Fortunes are Incredible. GO TO: http://www.portfoliowealthglobal.com/cannabispioneers/ #SilverGold #MarketCrash #ChrisDuane

2 месяцев назад
🇻🇪 Venezuela migrant crisis: Peru imposes new entry restrictions | Al JAzeera English

🇻🇪 Venezuela migrant crisis: Peru imposes new entry restrictions | Al JAzeera English

Peru has imposed new entry restrictions in an effort to limit the flow of migrants from Venezuela. The Peruvian government says asylum seekers must now carry passports. Previously they could enter the country using just a Venezuelan national identity (ID) card. Al Jazeera's Mariana Sanchez reports from the Peruvian city of Tumbes, on the northern border with Ecuador. - Subscribe to our channel: http://aje.io/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: https://www.aljazeera.com/

5 месяцев назад
Dreamland or homeland: the Venezuelan Chinese dilemma

Dreamland or homeland: the Venezuelan Chinese dilemma

In the past five years, an estimated 80,000 Chinese business people have left Venezuela, fleeing the political and social unrest that continues to rock the South American nation. Most were born in Enping, Guangdong province, but many have found it hard to blend back into local life since returning to the city. After getting a taste of financial success in Venezuela, many are considering leaving their hometown once more to try luck overseas a second time. (Photo: SCMP’s Lea Li)

1 лет назад
AUSTRALIA'S ECONOMY WILL COLLAPSE SOON - I WARNED YOU

AUSTRALIA'S ECONOMY WILL COLLAPSE SOON - I WARNED YOU

Help me make videos : http://bit.ly/patreondavelee FREE E-BOOK DOWNLOAD 8 Powerful Laws To Build Courage In The Face Of Adversity ►- https://goo.gl/mk86N4 ► SUBSCRIBE : http://www.youtube.com/c/DaveLee ►INSTAGRAM : daveleetv_ http://bit.ly/daveleeinsta #Australianeconomy #Australiangeopolitics #Australiandollar Abc economic crash http://www.abc.net.au/news/2018-03-01/australias-zombie-economy-sleepwalking-into-danger-gfc-china/9492868 Australian economic crash https://www.news.com.au/finance/economy/australian-economy/how-to-prepare-for-economic-armageddon/news-story/08c0ab60e4184ee2d2f3e3d199a5a803 apra can take your money https://www.afr.com/business/banking-and-finance/financial-services/apra-financial-crisis-powers-under-the-microscope-20171108-gzh13f the case for glass steagall https://www.theguardian.com/commentisfree/2018/jun/16/case-glass-steagall-act-ganesh-sitaraman financial review https://www.afr.com/opinion/columnists/apras-incestuous-rule-comes-at-too-high-a-price-20180820-h147df Bob Katter pushes glass steagall bill https://www.macrobusiness.com.au/2018/04/bob-katter-moves-australian-glass-steagall-bill/ US infrastructure funded by Australian superannuations https://www.smh.com.au/business/the-economy/trumps-infrastructure-plan-gets-25-trillion-nudge-from-australia-20180222-h0wghz.html AU Super invested in USA https://www.cnbc.com/2018/02/22/australian-prime-minister-turnbull-trade-infrastructure-pitch-for-trump.html Australian future in USA infrastructure https://www.nestegg.com.au/superannuation/11535-aussie-super-could-fund-us-infrastructure Tanking AU dollar https://www.thechronicle.com.au/news/the-suddenly-dreadful-aussie-dollar/3512031/ AU dollar slide https://www.news.com.au/finance/economy/australian-economy/the-suddenly-dreadful-aussie-dollar/news-story/43aed7c63ea2b7ac91f55ad17c5af210 Pressure mounts on AU dollar https://www.smh.com.au/business/markets/pressure-could-mount-on-australian-dollar-20180901-h14t4w.html FAIR-USE COPYRIGHT DISCLAIMER * Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, commenting, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. 1)This video has no negative impact on the original works (It would actually be positive for them) 2)This video is also for teaching purposes. 3)It is not transformative in nature. 4)I only used bits and pieces of videos to get the point across where necessary.

4 месяцев назад
🇻🇪 Venezuela: New currency fails to curb hyperinflation | Al Jazeera English

🇻🇪 Venezuela: New currency fails to curb hyperinflation | Al Jazeera English

A newly printed currency has done little to stop hyperinflation in Venezuela. Businesses are closed, as they attempt to work out what to charge for goods, after the currency was devalued by 95 percent over the weekend. And the price of goods available for sale are already going up. Al Jazeera's Lucia Newman reports from Caracas. - Subscribe to our channel: http://aje.io/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: https://www.aljazeera.com/ #aljazeeraenglish

5 месяцев назад
The experiment of Venezuela - A documentary by Iásonas Pipinis

The experiment of Venezuela - A documentary by Iásonas Pipinis

The experiment of Venezuela - A documentary by Iasonas Pipinis Velasco. (2016). Direction: Iásonas Pipinis Velasco, Production manager - script: Anastasia Karapatsiá, Editing: Thanasis Spyropoulos, Jurnalism production: Gustavo Gomez Morón, Alexia Karapatsiá, Chrysaleta Babrbaliá, Direction of photography: Tomás Ayala, Music: Tasos Kalaitzis. 2016.

1 лет назад