Already Sinking, Venezuela Cuts Loose Its Last Lifeboat: Gold

by James Cordelaine

With the Venezuelan economy now in shambles, everyday life in the South American country has become a living hell. Families wait in supermarket lines for eighteen hours at a stretch just to purchase small amounts of oil, rice or pasta. Violent crimes are on the upswing, and Caracas, the country’s capital, has become the world’s most violent city. Many government offices are not open even two days a week. Starvation and malnutrition are becoming more common, and well-known companies, like beer producer Empresas Polar, are closing up shop.

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