by Jeff Berwick
Dollar Vigilante
We’re keeping track of Venezuela and have written about its deepening disaster numerous times, including HERE. In fact, I personally visited a few months ago to see the disaster with my own eyes.
Every time we look at this poor country, things are getting worse. The rate of price inflation is soaring toward 1,000 percent, with looting and shortages of critical necessities such as medicine and food. Hyperinflation is well underway. June monthly figures put inflation around 22%, with inflation at 488% for the year but I know from personal experience that the government numbers, as with all governments, are heavily lied about.
Now comes a new disaster for Venezuela’s beleaguered citizens: Forced farm work to grow food that Venezuela lacks. That “effectively amounts to forced labor,” according to Amnesty International, which derided the decree.