The political unrest in Venezuela has taken a severe turn. On Tuesday, June 27, a police helicopter attacked the Venezuelan Supreme Court building as a way to undermine President Maduro’s totalitarian government. The helicopter was stolen and piloted by an officer in the Venezuelan investigative police force, Oscar Perez. Before…
Growing Tension In Venezuela May Result In Refugee Crisis
As the tension in Venezuela grows with anti-government sentiment, the number of citizens seeking asylum in the United States is growing. “The most recent data from Citizenship and Immigration Services show 8,301 Venezuelans requested asylum in the first three months of 2017,” reported The Washington Post. “That compares to 3,507…
Venezuela Experiences 12 Weeks of Rioting With No End in Sight
Venezuela is currently in its twelfth week of riots. For the past three months, angry Venezuelans have been taking to the streets and rioting against their president’s totalitarian regime. President Maduro has led the socialist country into a point of economic, social, and now political collapse, and the people are…
President Maduro Calls for Rewrite of Venezuelan Constitution, Sparking Political Upheaval
The United States has been governed by a constitution that has, with the exception of introducing new amendments, stayed relatively the same for over 200 years. Venezuela hasn’t been so lucky, however, as the country has changed the basis of its governing constitution plenty of times as political parties come…
An Elephant is Quickly Becoming the Symbol of the Venezuelan Food Crisis
An elephant is now the lasting symbol of the Venezuelan food shortage crisis. Just last week, an image circulated of Ruperta, an African elephant living in the Caricuao Zoo in Caracas. In the photo, the elephant is standing in her bare pen looking emaciated, and one can easily count her…
85,000 Users And Counting: Bitcoin’s Role In Venezuela
With the growing inflation of the bolivar, many Venezuelans are seeking alternatives to avoid the tanking national currency. One such alternative is bitcoin, according to a Washington Post report. Residents are turning to this electronic currency in growing numbers as they struggle to meet their daily needs. The Washington Post…
What’s Next for Venezuela? Experts Predict Country Set to Run Out of Money This Year
We usually think of bankruptcies in terms of a failed business or personal debt. For example, in the United States in 2014, 97% of total bankruptcies were personal bankruptcies and 3% were filed by businesses. However, people and corporations aren’t the only entities that can run out of money. Although…
U.S. and China Come to Venezuela’s Aid
Venezuela remains in crisis mode. Of all the foreign reserve cash it’s been using through the years to get out of debt and fund essential programs, Venezuela only has $10.5 billion left. According to CNN Money, Venezuela had roughly $20 billion in 2015, and although it’s difficult to determine exactly…