Friday, August 7, 2015

Venezuela's Economy Is Now Facing Hyperinflation (And No Beer)



FOX News: Hyperinflation looming in Venezuela: nearly 82% say they can't afford food

Lucrezia Fanelldi is 81 years old but she won't let go of her post as a secretary in a Caracas office because her pension is not enough to cover her most basic needs.

“I just get the necessary, but things are more and more expensive each week,” she told Fox News Latino. “I used to buy fruits, but now I can’t because money is not enough. I am just buying lemons and drink them with water because I need vitamin C,” Fanelldi said in a recent afternoon while buying groceries in the Chacao food market, in eastern Caracas.

Her case is not rare in today’s Venezuela. According to a recent poll conducted by local firm Venebarometro, 81.9 percent of those surveyed said that in the last month their income couldn’t buy enough food to put on the table.

WNU Editor: The Venezuelan government is blaming the messenger .... Venezuelan Gov't Accuses CNN of False Reporting (Latin American Heralk Tribune)

More News On Venezuela' Economic Crisis

Looters target Venezuelan food stores as shortages spark frustration -- The Guardian
Looting and violence on the rise in Venezuela supermarkets -- Reuters
Venezuela risks running out of beer during heat wave amid supply shortages -- The Guardian
Venezuela shortages: 'Take away beer and things get risky' -- Telegraph
Venezuela Tries to Silence Critics -- NYT editorial

3 comments:

Unknown said...

Who is embargoing Venezuela?

Venezuela nationalized a Mexican cement company, which is not as sexy as nationalizing British petroleum and there was no coup by British Secret (or Mexican) secret services.

And China is pouring in billions.

So everything should be hunky dory in the socialist paradise.

So what gives?

D.Plowman said...

What gives?

No BEER!!!

phill said...

Lol

http://www.usatoday.com/story/news/world/2015/07/09/globalpost-venezuela-beer-shortage/29905975/