Happy First Anniversary, Hyperinflation... When Will You Go Away?
It’s been a year of hyperinflation in Venezuela, with a yearly rate that ravages consumers’ purchasing power and devours companies left and right. Just where does it ends?
Economy
Mafias Search for Lost Gasoline, Civilians Pick Up the Last Drops
The revolution’s aim at a feudal state controlled by mafias grows stronger as smugglers and the black market thrive with the shortage of gasoline. Who will survive this mayhem? Ruthless mafias or scared citizens?
Humanitarian Crypto Initiatives for Venezuela
There’s been a lot of discussion around the potential use cases of crypto in Venezuela. Here’s an overview of some notable projects working in the space.
Orinoco Mining Arc Is Explodin’, Violence Flarin’, Bullets Loadin’
After the Tumeremo massacre, on October 14, we know for a fact that the ELN operates in Venezuelan territory. But the ecocide, human trafficking, slavery and “mysterious” disappearances started in 2016, with the Orinoco Mining Arc's decree.
Crypto vs. Exchange Controls. Crypto Wins.
The barriers to sending money to people in need in Venezuela seem overwhelming...until you get the hang of Crypto. Then it’s easy.
The Crypto Talk: Why the World Needs Digital Cash
Moisés Naím wrote a piece for El País about the disappearance of physical cash and how cryptocurrencies are challenging our notions of what money is. Alejandro Machado takes on these two complex issues and goes deeper into the discussion.
Oil Production Became an Expensive Victim of the Electric Crisis
It seems like poor management and corruption won’t only affect Zulia inhabitants. The entire country loses money when oil production in that state declines because of the electric crisis.
The Petro Was Officially Launched… Again
You might have read this in February, as the petro was supposed to be launched in February. Maduro even hit a symbolical “on” switch pressing enter last week. And still… cue crickets.
Public Servants Protest as You Read This: Some Wages Are More Equal than Others
Workers in the public sector, are now showing their dissatisfaction with the government and how Maduro’s economic measures mean that there’s no fair salary escalation. They’re all equally poor.
Maduro Wins the Public Opinion Battle Against Reality Itself
Since they control most of the media and Venezuelans don’t have access to the news or different points of view, the regime can fabricate and spread a convenient narrative. This is how poorly informed citizens answered questions about the economic measures.
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