If you haven't been paying attention, a humanitarian disaster has been occurring in Venezuela. A little over 5 million Venezuelans have left the country within the past few years, and the economy is in free-fall.
Currency devaluation and hyperinflation run rampant. Food is so scarce
that Venezuelans have resorted to eating zoo animals out of hunger.
Medicine is scarce, as well.
Relatedly, imports are down over
75%, as most cash on hand is used to service their debts (approximately
$150 billion +) and other obligations.
What should you take away from this?
What should you know?
1) Maduro nor Guaido are, um...not running Venezuela.
Let's put it that way. More about that later.
2) I'm willing to personally invest in the Venezuelan government and PDVSA to the tune of several hundred billion dollars to help get them back on their feet. I have no problem loaning money for a good cause, such as this.
3) Major changes are coming to the way Venezuela runs its oil business.
Profitable changes.
4)
As inflation rages, cheap
gasoline is around the corner for Americans. It will be here, and relatively soon.
As the public substitutes liquefied natural gas for gasoline (in some vehicles), this will help the consumer to spend, save, or invest that extra cash as they see fit.
It does indeed get better.
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