Venezuela DEFAULTS As Country Completely COLLAPSES! – What This Means
Update – Mass Exodus Begins (Pics/Video below)
Not far from the US, a desperate leader is steering a once-prosperous democracy toward dictatorship.
Nicolás Maduro, the president of Venezuela, is scrambling to cling to power as his country is battered by an unprecedented economic crisis. And in the process, he’s becoming an autocrat.
Maduro is tossing political opponents in prison. He is cracking down on growing street protests with lethal force, with government security forces killing at least 46 demonstrators in recent months.
He has repeatedly postponed regional government elections in order to stave off threats to his party’s power. And in July he held a rigged election for a special legislative body that supplanted the country’s parliament — the one branch of government that was controlled by his political opposition.
The new superbody has carte blanche to rewrite the country’s constitution and expand his executive powers. Maduro and his supporters now have total control of the government, and they’re showing no signs of slowing down.
It’s difficult to overstate how dire Venezuela’s economic plight is. The country entered a deep recession in 2014 spurred by the drop in global oil prices, and cumbersome regulations on its currency are helping produce record-breaking inflation.
Continued below …
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The International Monetary Fund estimates that prices in Venezuela are set to increase more than 700 percent this year. Seventy-five percent of the country’s population has lost an average of 19 pounds of bodyweight between 2015 and 2016 due to food shortages throughout the country.
But Maduro has done everything he can to prevent swelling popular discontent from limiting his power. His tactics place him among a special league of democratic authoritarians like Turkish President Recep Tayyip Erdoğan, who has used a referendum to expand the powers of his presidency, imprisoned political prisoners, attacked the judiciary branch of his government, and restricted free press in the wake of an attempted coup against him last year.
Both leaders use crisis as a pretext for strengthening executive power while leaving the shells of their country’s democratic institutions intact.
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You Won’t Believe What We Saw In Socialist Venezuela
Maduro studied in Cuba, was a member of the super left-wing Socialist League, and worked as a union negotiator before joining electoral politics in Venezuela as Chávez took power.
He served as a member in the country’s National Assembly — its legislative branch — before serving as Chavez’s foreign minister for about seven years.
A communist all-you-can-eat buffet. pic.twitter.com/jMgVhMZqcc
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Since late 2014, low oil prices and stifling government regulations on currency have produced huge shortages of those basic items — including food and medicine — and caused the world’s highest inflation. The country is suffering from a malnutrition crisis.
And malaria is ravaging the population despite the fact that Venezuela was the first country in the world to eliminate the disease in its populated areas.
The big question is how far will Maduro go in trying to ensure that he maintains power in these contests. Recent history suggests that he’s inclined to go pretty far.
Update :Exodus Begins
The number of Venezuelans fleeing to neighboring countries has swelled over the past year, and in recent days Brazil has sent in more military personnel to deal with violent backlash to that influx.
Early on Saturday in Pacaraima, a municipality in the Brazilian state of Roraima on the border with Venezuela, encampments set up by Venezuelans were attacked by Brazilians angry about a local restaurant owner who had been beaten and robbed, allegedly by Venezuelans.
Mass Exodus in Venezuela
Groups of men carrying sticks and stones reportedly set fire to dwellings and other items belonging to Venezuelans.
The attackers also left tires to block the only road between the two countries, according to the state government.
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