Investment Of The Year: Venezuela Offers 5 Billion Dollar Bonds After 5th Minimum Wage Hike In Year

Josh Sigurdson talks with author and economic analyst John Sneisen about the insanity of Venezuela’s system once again! This time Venezuela is offering 5 BILLION dollars in bonds to investors with an interest rate of 6.5%. The bonds were bought by state run ‘Banco de Venezuela’.
If the story could get any crazier on top of the hyperinflation plaguing the country, to top it all off, the government has just raised the minimum wage for the FIFTH time in a year. This is an absolute travesty and it’s amazing anyone is eating this up.
This is the fate of all centrally planned socialist countries. When you use quantitative easing and print fiat currency out of thin air, you will always devalue and always create debt and inflation. All fiat currency has and will revert to its natural value of zero eventually.
It’s disgusting to think of all the people impoverished waiting in bread lines and getting tattooed numbers for their allowed amount of food and water all while the government officials live in palaces. You want to see greed and suffering? Look no further than this so-called socialist “utopia”. Bernie Sanders would be proud.

Stay tuned for much more on this topic as we’ve been covering this problem for more than a year and it continues to get worse and we unfortunately continue to be vindicated.

Video edited by Josh Sigurdson

Featuring:
John Thore Stub Sneisen
Josh Sigurdson

Graphics by Bryan Foerster and Josh Sigurdson

Visit us at www.WorldAlternativeMedia.com

Like us on Facebook here:
https://www.facebook.com/LibertyShallPrevail/

Follow us on Twitter here:
https://twitter.com/WorldAltMedia

DONATE HERE:
https://www.gofundme.com/w3e2es
Help keep independent media alive!

Pledge here and you may be rewarded!
https://www.patreon.com/user?u=2652072&ty=h&u=2652072

ANARCHAPULCO OFFER:
Save 10% on your tickets to Anarchapulco by typing in promo code “WAM”
See the link below!
https://anarchapulco.com/?ref=worldaternativemedia

World Alternative Media
2017

“Find the truth, be the change!”

(180)

About The Author
-

5 Comments

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>