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Venezuela Has Officially Collapsed-Inflation Approaches 3000%

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thecommonsenseshow.com / By Dave Hodges / November 16th, 2017

Venezuela is begging for foreign military intervention as the economy collapses and inflation approaches 3000%. The destitute country possess one of the most abundant oil supplies in the world. Who will get there first? Will It be the Chinese , […]

Deepening Crisis In Hyper-inflationary Venezuela and Zimbabwe

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goldcore.com / By janskoyles / November 16, 2017

– Deepening Crisis In Hyper-inflationary Venezuela and Zimbabwe – Real inflation in Zimbabwe is 313 percent annually and 112 percent on a monthly basis – Venezuela’s new 100,000-bolivar note is worth less oday thehan USD 2.50 – Maduro announces plans […]

Venezuela Signs $3.2 Billion Debt Restructuring Deal With Russia

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zerohedge.com / by Tyler Durden / Nov 15, 2017 11:12 AM

As Venezuela teeters right on the brink of complete financial collapse, Bloomberg reports that Russia has agreed to restructure roughly $3.2 billion in outstanding obligations. While details of the restructuring agreement are scarce, both sides reported that […]

Nobody Is Going to Bail Out Venezuela

financialsense.com / THE CONVERSATION /1/15/2017

Henkel Garcia U, Andres Bello Catholic University (UCAB)

Venezuela, the South American country convulsed by economic and humanitarian catastrophe, has defaulted on some of its debt after missing an interest payment due in October.

Even as investors meet in Caracas to discuss restructuring US$60 billion in foreign debt, the […]

Venezuela Defaults On A Debt Payment – Is This The First Domino To Fall?

theeconomiccollapseblog.com / By Michael Snyder / November 14th, 2017

Did you know that Venezuela just went into default? This should be an absolutely enormous story, but the mainstream media is being very quiet about it. Wall Street and other major financial centers around the globe could potentially be facing hundreds of millions of dollars […]

Venezuela Officially Declared In Default

zerohedge.com / by Tyler Durden / Nov 10, 2017 12:17 PM

Today at 11am, the ISDA Determinations Committee sits down to decide whether an event of default has occurred due to the delayed principal payment on the Petroleos de Venezuela SA, or PDVSA, bond that matured Nov. 2, in the process triggering PDVSA (and perhaps […]

Venezuela Just 24 Hours Away From Formal Declaration Of Default

zerohedge.com / by Tyler Durden / Nov 9, 2017 12:26 PM

Less than a week after Venezuela shocked the world by announcing it would proceed to restructure its massive external debt, even as it was within the grace period on hundreds of millions in unpaid interest expense, on Thursday the socialist nation confirmed it […]

Oil Jumps To $56, Highest Since July 2015 On Saudi Turmoil, Venezuela Default

zerohedge.com / by Tyler Durden / Nov 5, 2017 6:17 PM

With the launch of electronic trading, WTI crude has jumped from the highest close since July 2015 amid Saudi turmoil which over the weekend included a crackdown on 11 Saudi princes – including billionaire Alwaleed – and dozens of current and former ministers […]

Emerging Markets: Week Ahead Preview

marctomarket.com / Dr. Win Thin / Nov 5, 2017

EM FX ended the week under pressure. News of the Venezuela debt restructuring was digested well, but sentiment went south as the day wore on. Weakness was concentrated in the weakest links TRY, BRL, RUB, and ZAR, while MXN and COP were dragged along for the […]

Dollar Rebounds, Futures Rise Ahead Of Surge In Payrolls

zerohedge.com / by Tyler Durden / Nov 3, 2017 7:02 AM

One day after the dollar slumped sharply on initial disappointment with the GOP tax plan, the greenback has rebounded ahead of a nonfarm payrolls report that is expected to show the US economy gained over 300,000 jobs in the post-hurricane rebound, and as investors […]

“Tomorrow Will Be Ugly”: Venezuela To Restructure All Debt As Creditors Panic Over Imminent Default

zerohedge.com / by Tyler Durden / Nov 3, 2017

One week ago, we and many others wondered, if the time has finally come for Venezuela, which was facing a “no grace period” $842 million principal payment for bonds issued by state-run energy company PDVSA, to default on its billions of unrepayable obligations. As […]

Venezuela, Argentina and Brazil: The Three Caballeros of Debt (Witching Hour For Maduro and PDVSA)

wallstreetexaminer.com / by Anthony B Sanders / October 26, 2017

This is a syndicated repost courtesy of Snake Hole Lounge. To view original,click here. Reposted with permission.

***

Any time a nation such as the US experiences a 10 basis point increase in the sovereign yields it is a big jump.

But today was saw […]

Hunger Game: Venezuela’s Behind on Its Debt and Facing Two Huge Payments

wallstreetexaminer.com / by Anthony B Sanders via Snake Hole Lounge / October 23, 2017

(Bloomberg) Ever since the price of oil collapsed in mid-2014, there’s been a broad consensus among the bond-market crowd that Venezuela was going to default. Not immediately, they said, but at some point down the road.

Three years on, that time […]

Venezuela fails to reclaim the gold it pawned to Deutsche Bank

gata.org / By Corina Pons via Reuters / October 22, 2017

CARACAS — Venezuela this month allowed a $1.7 billion gold swap with Germany’s Deutsche Bank to lapse, according to an opposition legislator who said it weakens the balance sheet of the crisis-stricken OPEC nation’s central bank.

Through the operation, Venezuela had received $1.2 billion […]

Number Of Bitcoin Miners In Venezuela Swells To 100,000

zerohedge.com / by Tyler Durden / Oct 22, 2017 9:15 PM

Venezuela’s worsening economic collapse has created something of a social experiment in the use of a digital currency as a de facto currency – a phenomenon that’s also playing out in troubled Zimbabwe.

According to TheNational.ae, bitcoin adoption in Zimbabwe is seemingly skyrocketing […]

India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues

zerohedge.com / by Zainab Calcuttawala via OilPrice.com / Oct 19, 2017 2:40 PM

Venezuela’s Indian, Chinese, and American clients are complaining that crude shipments from PDVSA are poor in quality and are resulting in demands for discounts and returned shipments, according to a new report by Reuters, including interviews with over a dozen sources […]

078: Eating used coffee grounds for breakfast and black-market cash deals with taxi drivers

sovereignman.com / Simon Black / October 12, 2017

Today’s Notes is a bit different…

I recorded a conversation I had with my colleague Sean Goldsmith about my recent travels to Venezuela. I explain how I exchanged my US dollars on the black market for Bolivar (with a taxi driver I’d never met before)… and […]

Venezuela suggests global oil trade in Russian ruble, Chinese yuan

gata.org / From Russia Today, Moscow / Wednesday, August 4, 2017

The president of Venezuela, Nicolas Maduro, has proposed that oil-producing countries should discuss creating a currency basket for trading crude and refined products.

“Developing a new mechanism of controlling the oil market is necessary,” he said today at the Russian Energy Forum, being […]

Nightstick Democracy at its finest…

sovereignman.com / Simon Black / October 3, 2017

The last several days in Venezuela have been absolutely mind-blowing.

Pretty much all the stories you’ve heard are true– countless people eating out of garbage cans, the appalling shortages of basic staples like food, medicine, and even soap… and the lines.

Oh boy, the lines.

The […]

Venezuela Prepares For A War With The United States

shtfplan.com / Mac Slavo / September 27th, 2017

The socialist nation of Venezuela has called on its military and asked them to prepare to go to war with the United States. Venezuela’s President Nicolas Maduro is bracing for war just days after the Trump administration banned Venezuelan officials from entering the nation.

“We have […]

This is what $100 buys you in Venezuela

sovereignman.com / Simon Black / September 28, 2017

The gunfire on the streets near my hotel started around 9pm last night.

The sound is unmistakable, especially at night on an otherwise quiet city street.

I had recently returned to the hotel after a few evening meetings. And coming back after dark it was as […]

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

zerohedge.com / by Tyler Durden / Sep 27, 2017

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 […]

Dark Humor From Socialist Hellhole Venezuela

zerohedge.com / by Daniel Mitchell via The Foundation for Economic Education / Sep 27, 2017

Back in 2015, I mocked Venezuelan socialism because it led to shortages of just about every product. Including toilet paper.

But maybe that doesn’t matter. After all, if people don’t have anything to eat, they probably don’t have […]

On the ground in Venezuela: this country is being cut off from the rest of the world.

sovereignman.com / Simon Black / September 27, 2017

The first thing to understand about Venezuela today is that it’s becoming exceedingly difficult to even get here.

Or get out.

Nearly every major regional and international carrier has discontinued service to/from Caracas.

Due to safety concerns amid all the chaos and violence here, Lan Airlines […]

Venezuelan Annual Inflation Rate Drops To … 2,276% (As Average Venezuelan Loses 20 Lbs In Weight)

wallstreetexaminer.com / by Anthony B Sanders / September 26, 2017

This is a syndicated repost courtesy of Snake Hole Lounge. To view original,click here. Reposted with permission.

The people of the once thriving country of Venezuela are suffering mightely. Although lower than the all-time high of 2,432.9%, the current annual inflation rate is 2,274,78%.

[…]