VENEZUELA Faces Total Collapse. Largest Oil Reserves but 436% Inflation, Debt Default, Cash Crisis

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8 Jun 2023

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VENEZUELA is in a state of Total Chaos. The Economy has COLLAPSED with Inflation now at 436% and completely out of control. Venezuela has the LARGEST OIL RESERVES in the World but despite this its people are starving, there are shortages of GASOLINE and MEDICINE, it has DEFAULTED on its debt obligations and the currency has been DEVALUED 3 times which has led to DOLLARIZATION in the Economy. In this video I bring you the full story and discuss what is likely to happen in Venezuela in the next 3 to 6 months. For specific details please check out the CHAPTER list below. Thanks for watching and please LIKE and SUBSCRIBE. If you like this video and are would like to buy me a coffee please click the link below. THANK YOU it is very much appreciated. Chapters: 0:00 Intro 1:55 VENEZUELA 3:24 INFLATION 6;52 CURRENCY 10:23 OIL PRICES 13:07 OIL RESERVES 14:00 OIL INDUSTRY 15:51 POLITICS 21:01 SUMMARY & CONCLUSION #venezuela #maduro #chávez #collapse #dollarization #china #russia #dutchdisease

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