- Accuracy in Media - https://www.aim.org -

Socialism Implosion Coming? Venezuela Down $10 Billion in Reserves since 2015

Venezuela’s socialist government has whittled down the country’s cash reserves from $20 billion down to $10 billion this year, while it needs $6 billion to pay off its debt. If Venezuela cannot pay them off, scarce resources like food will become even more scarce.

Looks like socialism in Venezuela under Hugo Chavez’s protege, Nicolas Maduro, is not working [1].