Venezuela: Maduro's Dictator Move

[Marksman_91]

http://www.thedailybeast.com/articles/2015/03/17/maduro-s-dictator-move.html

Venezuelan government is at its wit’s end. After President Obama issued an executive order banning seven Venezuelan officials from traveling to the U.S. and freezing their assets, it wouldn’t be long before the South American nation fired back in what appears to be the region’s newest Cold War-reminiscent row.

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He called it his “Anti-Imperialist Law.”

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But Venezuela is at a tipping point. In just less than two years since Maduro took office, the inflation rate has skyrocketed to 63.6 percent—the highest in the world, surpassing even war-torn Ukraine. The economy went into recession even before petroleum prices started plummeting.

[Bacchus4.0]

1. black market rate keeps going up too n/t