Venezuela Is on Its Last Legs as Government Cash Reserves Rapidly Dwindle

| |

Top Tier Gear USA

venezuelan flag wikimedia

It’s quite frankly amazing that the socialist government running Venezuela is still standing. That country is a testament to the ability of humans to put up with unimaginable poverty and tyranny without flipping their lids and lynching their leaders.

But alas, socialist governments can only last so long, even when their subjects aren’t actively trying to overthrow them. At a certain point these types of governments simply run out of money, which is what it appears is going to happen in Venezuela.

The Venezuelan government only has $10.5 billion left in foreign reserves, which the government has been using in recent years to pay outstanding debts. In 2015 Venezuela had twice that amount, and it had over $30 billion six years ago. And what’s left of this nation’s reserves is expected to rapidly diminish in the months ahead. Venezuela will have to pay $2.1 billion by this April, and a total of $7.2 billion by the end of the year. Only about $7.7 billion worth of their gold reserves are left after the government had to send some of their bullion to Switzerland last year.

And unlike most countries, Venezuela can’t simply accumulate more debt and inflate their currency. They can’t kick the can down the road anymore. The currency is already practically worthless, and they’ve been struggling to pay their debts for several years. Inflation is expected to increase by 1,660% this year and another 2,880% next year. Unless the price of oil goes up again in the next year or so, then it appears that the Maduro regime will have to default on its debts, which will likely lead to a collapse of the government.

Delivered by The Daily Sheeple

We encourage you to share and republish our reports, analyses, breaking news and videos (Click for details).


Contributed by Daniel Lang of The Daily Sheeple.

Daniel Lang is a researcher and staff writer for The Daily Sheeple – Wake The Flock Up!

Wake The Flock Up! Please Share With Sheeple Far & Wide:
  • Well, time for free market capitalism to save the day.

    • ReverendDraco✓ᵛᵉʳᶦᶠᶦᵉᵈ ᵃᶜᶜᵒᵘᶰᵗ

      Capitalism is the greatest force for good in the history of mankind. . .

      • Exactly. There has yet to be a system that has done more good for the good for the history of mankind.

        • ReverendDraco✓ᵛᵉʳᶦᶠᶦᵉᵈ ᵃᶜᶜᵒᵘᶰᵗ

          If you haven’t yet seen this. . . I think you’ll enjoy it.

          • I love this video from Paul. I also like his one on why America is the best. I feel that we are the best country, but we have a long way to solving it.

          • philip gunby

            thanks for posting this

          • Desireegbottoms

            Google is paying 97$ per hour! Work for few hours & have longer with friends and family! !do206c:
            On tuesday I got a great new Land Rover Range Rover from having earned $8752 this last four weeks.. Its the most-financialy rewarding I’ve had.. It sounds unbelievable but you wont forgive yourself if you don’t check it
            !do206c:
            ➽➽
            ➽➽;➽➽ http://GoogleFinancialCashJobs495DirectStyleGetPaid$97/Hour ★★★✫★★★✫★★★✫★★★✫★★★✫★★★✫★★★✫★★★✫★★★✫★★★✫★★★✫★★★✫★★★✫::::::!do206c:….,……

          • Kraut9

            A Jew must have shat in your brains to talk such shit. That is why Adolf wanted to get all Jews out of Germany and the Jews declared war on Germany because of their success without Jew Banking system!!!!

          • ReverendDraco✓ᵛᵉʳᶦᶠᶦᵉᵈ ᵃᶜᶜᵒᵘᶰᵗ

            The projectionist heard from.

      • Morgan Harris

        Capitalism sucks idiot

        • All right then, what proof do you have that capitalism sucks? If capitalism ‘sucks,’ then what would you propose?

        • ReverendDraco✓ᵛᵉʳᶦᶠᶦᵉᵈ ᵃᶜᶜᵒᵘᶰᵗ

          Capitalism has raised more people out of abject poverty than any other ideology in all of history.
          Capitalism has increased lifespans.
          Capitalism created everything you fucking own.

          The only thing that sucks is your alleged education.

        • SP_88

          Capitalism is simply people trading with each other. How exactly does that suck?
          However with socialism, free trade is impossible. The government takes from the people and redistributes it how they see fit. And the result is inevitably a failed state and miserable people trapped in abject poverty. And that sucks.

          • ReverendDraco✓ᵛᵉʳᶦᶠᶦᵉᵈ ᵃᶜᶜᵒᵘᶰᵗ

            Capitalism sucks because this choad fails at it, and can’t survive without the socialist redistribution of other peoples’ rightfully-owned property.

          • SP_88

            No surprise there. People who benefit from something always seem to have a better opinion of it than the people who are forced to pay into it.

          • ReverendDraco✓ᵛᵉʳᶦᶠᶦᵉᵈ ᵃᶜᶜᵒᵘᶰᵗ

            “Let me give you a tip on a clue to men’s characters: the man who damns money has obtained it dishonorably; the man who respects it has earned it. Run for your life from any man who tells you that money is evil. That sentence is the leper’s bell of an approaching looter. So long as men live together on earth and need means to deal with one another – their only substitute, if they abandon money, is the muzzle of a gun.” ~ Francisco D’Anconia

        • philip gunby

          are you serious.

  • James

    It can go Zimbabbwe. Were they use U.S. $1& $5 dollar bills internally. Printed at a steep discount for them in N Korea. As long as the locals take them they can buy all they produce inside the Country. The polititions can pocket all the money made from the outside. Retire in stile out of office.

  • Mike

    ah, the wonders of socialism fail every single time.

  • Cynical Old Bastard

    Anybody but me notice how governments and religions cause this sh*t?

    Regular folk trading back and forth don’t. It’s a salt and iron thin thing. One guy has slt and the other has iron. Simple trade. People work and do what they do.. Government and religions get involved and you get… well… this. A bunch of useless people who think they are owed a living just because they were born.

  • jay

    The people are to blame for their own misery. They wanted the free ride of Socialism, now they have it. The one true fact about Socialism is once you run out of other peoples money and labor it crashes into anarchy . No one should have any empathy for the mob that created the mess. They are ending up just like they should , an unarmed, starving, dying group of slave parasites who wanted something for nothing and ended up with nothing. Just Karma kicking in.

    • G’ma G

      Remember that when the people around you do the same and no one cares about you because you got lumped in with all the rest. Don’t make the mistake of claiming the will of the governing is the will of the people.

      • jay

        Read the first paragraph of ‘The Declaration of the Thirteen United States of America’ this will give you the idea that there will always be those that will not “be Lumped in with the rest’. Now get your big ass back to the Socialist Paradise of Venezuela with the rest of the Sheeple otherwise you will lose your spot on the line for toilet paper.

    • extreme truther

      COLD. America is also about to run out of other peoples money. Most people in Venezuela are and always have been powerless. All of what passed for elections have always been rigged. You may feel differently when the shit hits the fan here and its your family that’s starving. Think of all the kids if nothing else. Your so compassionless it’s scary, a typical spoiled, arrogant, ugly American. Shame on you.

      • jay

        American’s have paid in Blood , treasure and sweat to be free and to preserve that freedom. Venezuelans preferred to listen to the Siren’s song of a Mongrel dictator . He promised them a free ride and that’s what they got. I suggest you move back down there and fight for your beliefs instead of whining about the situation . As for your apocalyptic scenario, Those who bet against America will always lose . Your wish for America to be destroyed will only bring that curse upon you and yours I hope you enjoy the ride to HELL you deserve it.

  • k9style

    Another country about to learn some harsh lessons about what happens when you run out of other people’s money. Should have just cracked open a history book. Oops.

  • Fred_O

    Socialism has nothing to do with this. Corrupt dictators have everything to do with it. And sorry, but not all Socialist governments fall, but, hey, you gotta have to keep the sheeple in line somehow.

  • Alleged Comment

    Hatred of America is what done them in. The Bible predicted it. Those that HATE you will not prosper.

    • ReverendDraco✓ᵛᵉʳᶦᶠᶦᵉᵈ ᵃᶜᶜᵒᵘᶰᵗ

      Incoherenceman! I’ve missed you so!

  • Robert Milfeld

    My wife is from Venezuela and met her there in 1994. It was quite dangerous to travel there 23 years ago, but I have not been there in four-and-a half years. We have had three nephews come to the Vail, Co. area to work. The first one has his law degree and he worked various jobs as a dishwasher or prep cook in restaurants, the next nephew was a police officer in Caracas and worked at the local supermarket fetching shopping carts and our third nephew leaves after the ski season and he has an engineering degree in telecommunications with a certification in Cisco Systems and he is a prep cook at Lodge at Vail. All work under assumed names (aliases). Don’t worry people, there will never be enough worker bees in this ski town. Things are so bad there that my wife told me of one story about two gunmen boarded a bus and ordered all the passengers to hand over their credit and debit cards while they swiped the cards on a portable credit card processing machine.

  • Goodyear Jhuugmkkmp

    Venezuela is not broke because of socialism. The country is broke after the World bank and IMF used financial warfare by shutting down all credit markets and swaps in retaliation for joining the BRICS alliance. The so called capitalist markets are used to destroy nations who choose not to be plundered by the Rothchild / Morgan agenda. By the way…..There is no such thing as a free capitalist market, just the lying presstitude telling you there is.

    • Cynical Old Bastard

      C’mon now. Ya have to sorta-kinda see the humor in all this stuff. It’s pretty damned hilarious if you look at it from the outside. It’s as funny as Jerry Springer.

  • mrmodee

    Socialism destroyed a beautiful country, with larger oil reserves than Saudi Arabia, in under 20 years. The people of Venezuela should be hanging these bastards from every tree.

    • Cynical Old Bastard

      You gonna tie that first noose, son?

      • mrmodee

        Well, being I live half a world away, probably not, son. I hope someone in Venezuela rises to that occasion.

  • philip gunby

    Fascism…you have 2 cows you give them to the government and they sell you the milk.
    Communism. .. you have two cows the government takes them and throws out the milk.
    Hinduism. ..you have 2 cows you worship them and drink the milk.
    Socialism. ..you have 2 cows. The government takes one and gives it to your neighbor.
    Nazism…you have 2 cows. The Nazi bastards takes the cows the milk and shoots you.
    Capitalism. ..you have 2 cows. You sell one and buy a Bull.

    • Great analogies, friend.

    • Kraut9

      Because Adolf got rid of all Jew bankers and money sharks and Jew scum, made Germany No. 1 in trade again without Zionist Rothschild money the Jews and the rest of you as holes out of envy declared war on Germany !!

  • jim_robert

    As the Poles used to say under Jaruzelski and the communists, “When socialism comes to the Sahara, there will even be a shortage of sand.”

  • huntress

    Venezuela gets what they deserve. Any idiot with a 1/2 brain cell knows socialism/communism does not work, never has, never will. Capitalism has lifted more people out of poverty than any other system in the history of mankind. Unless, of course you’ve been indoctrinated by gubmint schools.

  • Ken, Megapolis

    This Mysterious Man has staying power. As long as he isn’t a reincarnation of Skip I’m happy.
    In other words the f—er is on my own personal watch list LOL

  • Tatiana Covington

    Just what Venezuela deserves for not being capitalist!

  • HACKERS

    A Venezuela tomo roraima no Brasil e estão pregando o socialismo por aqui, isso é sério eles escravizam o povo e idolatra ao ódio com os Brasileiros e Americanos.

  • Tatiana Covington

    Free-market capitalism is not merely the best answer… it is the *only* answer. There isn’t anything else! Period!