This man will be the most hated man in Venezuelan history in years to come. Schools in Venezuela will use him as an example to economic students of what not to do
venezuela should've been one of the world's richest country it even has the potential to beat the united states if the money handled wisely it has the world's 1st largest oil deposits and unlike it's fellow oil heavy countries it has a farmable land to supply it's own population's food needs so it doesn't need to spend billions to import crops but could've rather export it themselves and make billions instead but sadly venezuela is now under a dictatorship rule and can not fully use their oil deposits because of the corruption it could've been making hundreds of billions in profits every single year and would've been used to invest into their future they would've been the most overpowered country on earth right now
venezuela should've been one of the world's richest country it even has the potential to beat the united states if the money handled wisely it has the world's 1st largest oil deposits and unlike it's fellow oil heavy countries it has a farmable land to supply it's own population's food needs so it doesn't need to spend billions to import crops but could've rather export it themselves and make billions instead but sadly venezuela is now under a dictatorship rule and can not fully use their oil deposits because of the corruption it could've been making hundreds of billions in profits every single year and would've been used to invest into their future they would've been the most overpowered country on earth right now
@@juratory8876There is simply no comparasion of scenarios. There is a doc that prooves a lot what happenen in some states & electoral colleges that ruined Trumps reelection. The voting system in Venezuela is millions of years beyond worse. Would dare to say worse thn a dictatorship, at least they are honest and some can be positive regimes. This is further from absurdity.
TLDR is imperialist propaganda. The sanctions are the sole cause of the economic problems they face. Funny how he completely glosses over America’s attempts to install Juan Guaido. TLDR is another British capitalist mouthpiece
Almost perfectly rounded. If they were perfectly rounded, the votes would have decimals. The CNE addressed this issue by adding 1 to the option "other candidates" (sic). Also this implies that there were 0 invalid votes, which is crazy.
@omarchristie3923 the math for percentages are off my guy haha. TLDR lied to you. They not only not come off to perfect rounding, TLDR outright got the wrong percentages. Doing their own math for them per the totals they listed, it's actually 53% to 46%.
This may be to cynical from me, but while Stalin was far worse regarding human rights, he at least was relatively capable handling economy and war unlike Maduro
Thanks for talking about Venezuela! I've been a huge follower of you guys from a while now. I'm a venezuelan residing in Colombia. The best that can be done for us now is making our country a conversation topic so that the international community cannot ignore us. Thanks you again and have a blessed day!
I don't think it's fair to call Maria Corina a conservative. Like by comparison to Maduro possibly, but I'd hardly call someone who's pro LGBTQ rights and pro abortion rights a conservative. She describes herself as a liberal as well, and the opposition party is more of a big tent party that consists of center left and center right parties.
Political spectrum is dependent on the local culture and politics, not some international interpretation. For an extreme example on the opposite end of the spectrum, the policies of someone considered a liberal reformer in Iran would be considered the deranged rambling of the extreme right for most of our countries.
She asked for military intervensiom is her own country .... basically "someone invade my country please" i dont think that is very nice of her to say the least
i had a Venezuelan work colleague once, and she said that even though everything is crap there, and has been crap for years, there are people who still genuinely support Maduro.
@williansouza8724 As an Argentinean, I kind of understand how people support populists because the traditional right in latam always manages to get things worse
I don’t know how but you’ve managed to package an unbiased analysis that is more entertaining than the sensationalized segment of economic and financial news. Thank you for your efforts to be the signal and not the noise. I understand that the economy is currently in a downturn and that we must wait for things to get better
As hard as it may sound you can plan for the recession. If you are working, find extra work and get an Invest--advisor. Protect your deposits by having enough cash in short term fixed income. Then cut your expenses. Minimal insurance, cut utilities.
I think the current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Even if you have a humongous income you still need to draw up futuristic plans because anything can happen. One could lose one's job or whatever. Investment cannot be overemphasized. About your advisor, how does one reach pls
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Jessica Lee Horst” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
People who spam about sanctions are really funny. Acting like Maduro regime didn't print money or applied price controls. Also, nobody mentions how Russia and China are always desperate to defend Maduro bs 😂 yeah they do cuz they love democracy...
@@michaelotieno6524 Because since military interventions are no longer "allowed", it's literally the only measure democracies have to try and push Maduro out of power and restore people's freedoms.
@@HeitorS.-dh2wl of course, it's not as if letting a dictator roam free in the name of diplomacy has ever backfired by allowing him to plan and execute an invasion of a neighboring country or anything, I'm sure Maduro would've held free elections and accepted his loss if it weren't for the west, just like Putin did. My dude, please grow up.
@@michaelotieno6524 the sanctions only affected high ranking government officials who are charged with corruption, drug trafficking and human rights abuses...
@@disalazargLOL freedoms like the West has such a good track-record restoring freedoms in latin America, the US was basically behind every Coup that ousted a leftist democratically elected leader in latin America and loved supporting death squads (Chile, Guatemala, El Salvador, Brazil, Argentina,...)
Did anyone, anyone *at all* , really think it would be different? That Maduro would accept defeat or that the economic crisis would solve itself? 🤷🏻♀️
Cope. The decline happened even before the sanctions. And aren't you supposed to be autarkic? You believe you don't need outside influence to succeed right?@@dannydenison6253
The initial US sanctions on Venezuela were only targeting individuals, the proper economic sanctions were only applied in the mid 2010s so way after Venezuela's oil output declined
Yeah the sanctions later were meant to kick Venezuela while it was down. And they took Venezuela's foreign assets. I always tell people like this imagine you fucked up and have a big financial emergency. You go to the bank to tap your savings and the bank says no. What would happen to your life? That's the same thing happening in Venezuela.
@@xr2kid Sanctions were retaliation for their electoral interference in neighboring countries and their refusal to do anything about their growing drug trade. So it's less "kick them while they're down" and more like "being jailed after screwing up while committing a crime".
@@xr2kid, in fairness, the Venezuelan government holds so much control over many companies and resources that influence their economy. And since many people worked in the public sector, the sanctions hit the people much worse than intended. Still the fault of Maduro.
@@HeitorS.-dh2wl funding far-left extremist groups in Chile, Peru, Colombia and Brazil at the very least. Which, under their respective legislations, is obviously illegal.
@@cristianbalan518 .... normally I'd look at you askance and raise my eyebrow judgmentally But the situation in Venezuela is genuinely that bad so.... .... you're not wrong??????
@timothytumusiime2903 Well since Venezuela was oil reliant, I would say they suffered from the Dutch desiese. Technically Saudi Arabia is a potential candidate for this problem, but they are still doing pretty well, with forward thinking
Venezuela failed because of leftist megalomaniac leader, aka Hugo Chavez, got to power 25 years ago and the weakness of the democratic institutions. Venezuela was not great before him but it was moving on the right direction, it came out of an economical - political crisis due to a government modernization reforms to make Venezuela more impervious to crisis, more capitalist and reduce the power of political parties.
@angelsunemtoledocabllero5801 there were targeted but very limited sanctions started in 2015, against key individuals and their businesses because they are managed by people who are drug traffickers. Regardless, the reason for most of the economic decline is brain drain/capital flight as the government stopped respecting the right to property of their citizens and took as they pleased. Resulting of a collapse of the private sector and the public sector, lacking the talented people who have left (most of which hated the government) could not build solid state owned industry that worked well for the rest of Venezuelans
Not saying sanctions don't affect that, they do, but giving them sole or even leading credit is very disingenuous. Besides economic growth in Venezuela has always been dependant on oil at the end of the day and the Chavista regime has done nothing but make us even more dependent on oil
@@OjoRojo40I mean, America calls itself a republic, not a democracy. Even electing their president has to be done through the electoral college and not by popular vote.
@@XMysticHerox a republic is a form of an elected government, but it doesn't necessarily have to be a democracy as many republics in history are, in fact, oligarchies.
Wow, Venezuela’s decade-long economic crisis, huh? It’s like watching a financial horror movie where the protagonist keeps making the same bad investments and expecting a different outcome. I’ve got $23k stashed away for emergencies, and I’m itching to dive into investing. Anyone else feel like starting with a head start is like playing Monopoly but with real money and fewer “Get Out of Jail Free” cards?
Hey there, I get the excitement-$23k is a solid start! But before you leap, it might be worth consulting with an investment advisor. Venezuela’s crisis shows how complex and unpredictable markets can be, so having a pro to guide you could be a game-changer. You don’t want to end up with Monopoly money, right?
Totally agree with Commenter 2. The idea of getting an advisor sounds promising, but finding the right one feels like searching for a needle in a haystack. Any tips on how to find a reliable advisor who won’t just take my money and run?
There are a handful of CFAs. I've experimented with a few over the past years, but I've stuck with ‘' Linda Aretha Reeves” for some years now, and her performance has been consistently impressive. She’s known in her field, look her up.
This TDLR report could have been done in less than a minute. Why is Venezuela still in trouble? Maduro! This is like reading a murder mystery with two characters, one of which is killed on page two.
4:59 this is the oil refinery in the Caribbean island of Curaçao. The refinery which has been inactive since ~2018 due to mismanagement and international sanctions. It's illustrative for Venezuela's crisis. Unfortunately, the economic turmoil of Venezuea also hurts neighboring countries and islands such as Curaçao due to decreased trade and economic refugees. A minor bandage to that wound is that the refinery now ceased polluting this wonderful island with cancerous emissions.
Basically, if you readded all the zeros the government took from the Bolivar in these 20 years, the Bolivar would be better expressed in scientific notation (10 to the power of 14) 😂
There are multiple types of Bolivars. In January 2008, the Venezuelan government introduced the Bolivar Fuerte. 1 Bolivar Fuerte was worth 1,000 original Bolivars. In August 2018, the Venezuelan government introduced the Bolivar Soberano. 1 Bolivar Soberano was worth 100,000 Bolivar Fuerte. So 1 Bolivar Soberano was worth 100,000,000 original Bolivars. In October 2021, the Venezuelan government introduced the Bolivar Digital. 1 Bolivar Digital was worth 1,000,000 Bolivar Soberano. Thus 1 Bolivar Digital was worth 100,000,000,000 (100 billion) Bolivar Fuerte or 100,000,000,000,000 (100 trillion) original Bolivars. The USD was worth 35.72 Bolivar Digital officially (37.49 black market rate) as of December 2023. So that means the USD was worth 3.572/3.749 Quadrillion original Bolivars as of December 2023.
Answer: Chavez + Maduro. Socialism. "Ay yo what if we nationalize the oil industry and replace the foreign industry experts with my friends? Then spend all that oil money on expensive social programs!" "... ahh shidd no more moniez 😢 better print money!" "why is inflation 10,000%" "why are people using Runescape gold as currency"
The problems run deeper than Socialism. Venezuela has a long history of corrupt leaders all over the political spectrum. Doesn't matter what ideology someone is if they're a snake.
"In fact, the private sector still controls two-thirds of Venezuela's economy - the same as when Chavez was elected in 1998, according to estimates by the Central Bank." Yes, very socialist.
Norway shows that a petrostate has the potential to be a well-functioning social democracy. But Venezuela has been corrupt, incompetent, and autocratic, thus failing badly.
Ignoring the classic US military invasion and wife spread sanctions. But sure, just that just like in cuba, Nicaragua, chilli, brazil etc etc . Its never the coups, contra terrorists, or sanctions. Its just big scary leftists.
The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market crash.
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass wealth amid economy crisis, and even pull it off easily in favorable conditions. That should be the least of your concern. Also explore the option of working with a CFA to reduce greatly your chances of loss.
You're right, I and a few Neighbors in Bel Air Area work with an Investment Adviser who prefers we DCA across other prospective sectors instead of a lump sum purchase. As a result, my portfolio has recorded significant improvement even during the most unfavorable market season.
I'm intrigued by this. I've searched for investment advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation??
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
thank you for this tip , I must say Melissa, appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
I bet many people that is around 40-60 never thought Venezuela would become in such poor failed state, from a country that was called the Caribbean Pearl. Please god, let Latinoamérica recover their former Glory
6:42 that is a lie, most of our oil exports go to china and more recently, the US (due to a relaxing of sanctions, due to the ukraine war and oil prices).
Even without sanctions and embargoes, venezuela currently cannot make use of its oil reserves since there has been no infrastructure investment for a very long time. The oil production and exporting infrastructure in venezuela is in a wretched state of disrepair.
Mathematically you are correct - but these are people, not just numbers. I live in Chile and we currently have a pretty far left government. Even this government refused to recognize the results of the election, so Maduro broke off diplomatic relations with us (and six other Latin American countries). There are officially 700 000 Venezuelans in Chile and probably half as many unofficially. All of them now without representation. What a nice guy!
@@jaegar2004 With communists like Vallejo and others they are decidedly not centre-left and only the opposition majority in parliament stops them from being more extreme. The pendulum swings left-right regularly in Chile. I hope you are correct that they will be changed next year.
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts with experience since the 08' crash.
You're right, I and a few Neighbors in Bel Air Area work with an advisor who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portfolio grew 40% in the last quarter.
i'm blown away! mind sharing more info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well
I've stuck with ‘“Jessica Lee Horst” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Also tldr you're coming off as a little bias here by immediately pointing out when you say gdp is growing that most of it doesn't go to ordinary folk in Venezuela, but everytime you talk about the US economy growing you never point the same fact out. Most Americans are pessimistic about the economy for the same reason as Venezuelans, doesn't matter that the national economic numbers are going up if it's not shared equally
The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
One might ask why the United States put punitive sanctions on Venezuela for its lack of democracy and human rights but not on Saudi Arabia which probably has a worse record on democracy and human rights and which might be considered to be the worst country in the world for women to live in (well, second worst after the Taliban took over Afghanistan). Saudi Arabia also badly exploits foreign workers and is led by a very religiously fundamentalist regime that tries to spread its extreme version of religion around the world. It seems likely that the United States targets Venezuela partially because it doesn't want a socialist regime to succeed but one could say that to a large extent Saudi Arabia is also a socialist country in which government controls much of the economy. Funny how nobody ever calls Saudi Arabia a socialist country. It's a strange sort of socialism in which there is no democracy and one royal family has all the power and in which religion is central but given how much of the economy the state controls Saudi Arabia certainly seems to have aspects of socialism. Frankly, given the above, the United States seems hypocritical in talking about democracy and human rights in Venezuela and this would be a good time to get rid of sanctions to accomplish a number of things. 1. To ease the misery of the Venezuelan people. 2. To reduce the number of Venezuelan migrants who are flooding into Columbia, the United States and other countries and thus putting a strain on those countries. It seems bizarre that the same American politicians who are trying to destroy the Venezuelan economy also keep complaining about all the Venezuelan migrants who keep showing up at the American border. Didn't the Americans learn anything after dealing with huge numbers of migrants who fled from Cuba after American sanctions severely damaged the Cuban economy? 3. To greatly increase Venezuelan oil production so that the economic situation for Imperialist Russia becomes much worse due to dealing with more competition in the oil market. Aside from bellicose threats to invade and occupy part of Guyana Venezuela does not pose a threat to the rest of the world but Imperialist Russia threatens all of Europe and possibly northern Canada. If increased Venezuelan oil production will severely weaken Russia's economic position and thus disrupt Russia's actions in Ukraine and decrease the threat that Russia poses to Europe then it would be worth it to to take measures that will lead to a huge increase in Venezuelan oil production. To make my point clear Russia is a far bigger threat to the world than is Venezuela. To purposely hobble the Venezuelan economy and thus greatly reduce Venezuelan oil production and therefore to improve Russia's economic situation is an foolish, illogical thing to do, especially at this critical time. Plus increased Venezuelan oil production will lead to lower gasoline prices and voters would like that a lot.
The guy had zero clue about the economy. All of his currency manipulations didn’t solve their economic output. The Petro, the sovereign bolivar, the digital bolivar, the “currency pegging” to the USD. They had a large oil economy before. I can’t find out what investments or developments he’s done for long term growth and to reduce their dependency on oil.
Maduro's mismanagement has kneecapped Venezuela for at least a generation. The brain drain that his government's policies have caused alone is going to be nearly impossible to overcome even if he were to be forced out of office. The over-reliance on oil (rather than using oil wealth to diversify the economy such as in Norway or Dubai) and choosing to spend that money on welfare instead meant that Venezuela's economy was always going to be on shaky ground. Drops in prices would lead to crushing cuts to public services - leading to devastating impacts. It was reckless, populist spending that harmed the population - by prioritising short-term poverty relief programmes the most vulnerable people were put at the mercy of changing global oil prices. Maduro and his supporters (be they Iran, North Korea or edgy keyboard warriors) are quick to point to US sanctions as the cause of all Venezuela's woes - without a word about the brutal crushing of dissent by Maduro, the renegging on the deal with the US mentioned in the video (some sanctions would be lifted if there were free elections) - as well as the roadmap out of sanctions being clear yet avoided by the regime, and the rampant levels of corruption.
Cuba,Nicaragua and Venezuela are also dictatorships they make themselves as the victims in those countries governments and by the Cuba has two blockades the another one is internal blockade which the Cuban government is restricting the Cuban people making hard to food and medicine and also they cut off the electricity in the country. And also another one blockade is the American government against Cuba but the American government also help the Cuban government and economy with by Food exports and tourism.And also in Nicaragua economy is a full with everything like supermarkets,Restaurants and food distribution for the whole country.And also in Venezuela there is a lot of classism and inequality their economy works out with other currencies like the US dollars,Euros,Brazilian Reals and Colombian Pesos.And also there parts of the country that there parts of people that are doing good and the other half of people that are struggling to making means ends. It’s happening everywhere in the world prices are going up, inflation, housing, healthcare, and problems with society.No countries in the world is no perfect they are have to deal with inflation,inequality and corruption. Y,all people have no idea what it’s like to live in a dictatorship there’s so many people in the US that are very ignorant about these issues that you guys are afraid about Trump winning but instead you’re supporting another dictator that the people of Venezuela don’t like him this is not a far right or US backed coup this is the people of Venezuela that are tired of Nicolas maduro. y,all people that support the Cuban dictatorship is absolutely disgusting because Cuba is also a dictatorship you see United States with a lot of problems it has. We are way better than those countries. If Venezuela and Cuba don’t change the governments there’s gonna be civil wars in those countries on your doorstep, so stop with the propaganda that everything is US sanctions because not everything is the US fault. Yes, the US sanctions are part to blame for the chaos in Venezuela and sanctions countries but the sanctions don’t hurt the those countries it only hurts the people in those countries we know him that the United States has interfere and screw over Latin America and supported regimes in those countries. If Trump gets elected, the American ignorants are going to feel What it’s like to be in a dictatorship in the USA just like those countries and also USA,Cuba and Venezuela are very corrupt,hypocrites and evil countries with polarizing, propagandist media also around the world. Guatemala, Cuba, Haiti, Nicaragua, Brazil, Argentina, Ecuador, Peru, Venezuela, Bolivia, Mexico, Honduras, Chile, Suriname and the United States are corrupt and evil countries with human rights abuses with potential political violence, police brutality and war crimes in the Americas. In the future a lot of unrest and chaos.
Ay deja de caerte a paja. ESTOS REGIMENES SON CORRUPTOS, SON ORGANIZACIONES CRIMINALES Y SON LOS UNICO CULPABLES DE LAS DESGRACIAS DE SUS PUEBLOS. HABLAR DE SANCIONES Y CULPAR A LOS GRINGOS ES EL DISCURSO MAS POPULISTA E IGNORANTE DE LA HISTORIA MODERNA.
Which Westerners? The Maduro govt, like the one in Nigera, are simply crooks. This has nothing to do with socialism, which has not been a force in Western politics for a generation.
@@corneliaaurelli1603 but didn't the Scandinavian countries repeatedly state that they are not socialist? Last I checked, having a welfare social safety net is not socialist🤔
@@orboakin8074 Being a totally socialist nation is not the same as having "socialist" policies. They have policies like income redistribution that can be considered a socialist policy.
Sanctions accelerated Venezuelas downfall without a doubt, but poor preparation for future by Chavez and total corruption by Maduro are the main driver of recession. Sanctions were enforced long after the recession took off btw..
Ahh yes, the old strategy of using America as a scapegoat, are you also trying to convince us that it is America's fault that the dictatorship tortures opposition members and that it created an app so that Venezuelans could report other Venezuelans for protesting so they were persecuted? We can discus whether or not sanctions are useful in the long run, but if you think the country would work well if only it didn't have the sanctions, you're a brainwashed bigot.
@@shafsteryellow Look at the graph 1:05 . US sanctions were in 2019, the economy was already destroyed by Maduro's policies. Looks like the US was correct in sanctioning Maduro, he's a full blown dictator and he's always been corrupt. You'd rather blame the US than actually use your brain.
As usual you guys didn't disappoint with your "keep it PG for western audience" policy. With that in mind, this makes all the sense in the world than being affected by decades of sanctions, coups, and externally funded civil and political unrest to the point that the US and Europe actually acknowledged the head of Parliament as the legit president for a couple of years. Also great solution to the economic crisis, the right wing candidate funded by the United States of Americans ascends the throne, gets all those American companies to exploit sorry I meant explore the oil fields and give back to the people of Venezuela, because that's what oil companies are great at GIVING BACK. ❤
Nobody needs a horrible dictator that steals all the wealth and hinders progress. You would have an argument if he had done anything positive in the past. But two 6 year terms of only spiralling downwards is all the proof anyone should ever need.
Cuba,Nicaragua and Venezuela are also dictatorships they make themselves as the victims in those countries governments and by the Cuba has two blockades the another one is internal blockade which the Cuban government is restricting the Cuban people making hard to food and medicine and also they cut off the electricity in the country. And also another one blockade is the American government against Cuba but the American government also help the Cuban government and economy with by Food exports and tourism.And also in Nicaragua economy is a full with everything like supermarkets,Restaurants and food distribution for the whole country.And also in Venezuela there is a lot of classism and inequality their economy works out with other currencies like the US dollars,Euros,Brazilian Reals and Colombian Pesos.And also there parts of the country that there parts of people that are doing good and the other half of people that are struggling to making means ends. It’s happening everywhere in the world prices are going up, inflation, housing, healthcare, and problems with society.No countries in the world is no perfect they are have to deal with inflation,inequality and corruption. Y,all people have no idea what it’s like to live in a dictatorship there’s so many people in the US that are very ignorant about these issues that you guys are afraid about Trump winning but instead you’re supporting another dictator that the people of Venezuela don’t like him this is not a far right or US backed coup this is the people of Venezuela that are tired of Nicolas maduro. y,all people that support the Cuban dictatorship is absolutely disgusting because Cuba is also a dictatorship you see United States with a lot of problems it has. We are way better than those countries. If Venezuela and Cuba don’t change the governments there’s gonna be civil wars in those countries on your doorstep, so stop with the propaganda that everything is US sanctions because not everything is the US fault. Yes, the US sanctions are part to blame for the chaos in Venezuela and sanctions countries but the sanctions don’t hurt the those countries it only hurts the people in those countries we know him that the United States has interfere and screw over Latin America and supported regimes in those countries. If Trump gets elected, the American ignorants are going to feel What it’s like to be in a dictatorship in the USA just like those countries and also USA,Cuba and Venezuela are very corrupt,hypocrites and evil countries with polarizing, propagandist media also around the world. Guatemala, Cuba, Haiti, Nicaragua, Brazil, Argentina, Ecuador, Peru, Venezuela, Bolivia, Mexico, Honduras, Chile, Suriname and the United States are corrupt and evil countries with human rights abuses with potential political violence, police brutality and war crimes in the Americas. In the future a lot of unrest and chaos.
This man will be the most hated man in Venezuelan history in years to come. Schools in Venezuela will use him as an example to economic students of what not to do
Yeah sure... tell me about the U.S sanctions now.
@@shafsteryellowVenezuelas decline started before sanctions got bad
@@mnm5165 go on quote the data and the disparity. It's not even comparable.
@@shafsteryellowblaming outside factors that had no effect on the current situation is not gonna help your country improve. Just saying
_sniff sniff_ yep, smells of maduro propaganda bot
But what about GDP per Maduro? I bet that went up since Maduro took power.
Nope. It skyrocketed 😂
GDP = Gross Disastrous Presidential
venezuela should've been one of the world's richest country it even has the potential to beat the united states if the money handled wisely
it has the world's 1st largest oil deposits
and unlike it's fellow oil heavy countries it has a farmable land to supply it's own population's food needs so it doesn't need to spend billions to import crops but could've rather export it themselves and make billions instead
but sadly venezuela is now under a dictatorship rule and can not fully use their oil deposits because of the corruption it could've been making hundreds of billions in profits every single year and would've been used to invest into their future they would've been the most overpowered country on earth right now
venezuela should've been one of the world's richest country it even has the potential to beat the united states if the money handled wisely
it has the world's 1st largest oil deposits
and unlike it's fellow oil heavy countries it has a farmable land to supply it's own population's food needs so it doesn't need to spend billions to import crops but could've rather export it themselves and make billions instead
but sadly venezuela is now under a dictatorship rule and can not fully use their oil deposits because of the corruption it could've been making hundreds of billions in profits every single year and would've been used to invest into their future they would've been the most overpowered country on earth right now
This election bro said "nah, I've won"
Nah I'd win
Based on 109% of total votes 😂
Right? It's giving Trump.
@@juratory8876There is simply no comparasion of scenarios. There is a doc that prooves a lot what happenen in some states & electoral colleges that ruined Trumps reelection. The voting system in Venezuela is millions of years beyond worse. Would dare to say worse thn a dictatorship, at least they are honest and some can be positive regimes. This is further from absurdity.
*decides the election results years ahead of time*
The fact that the procentage came out as perfect numbers is kind of crazy. How stupid are these people.... xD
TLDR is imperialist propaganda. The sanctions are the sole cause of the economic problems they face. Funny how he completely glosses over America’s attempts to install Juan Guaido. TLDR is another British capitalist mouthpiece
Almost perfectly rounded. If they were perfectly rounded, the votes would have decimals. The CNE addressed this issue by adding 1 to the option "other candidates" (sic). Also this implies that there were 0 invalid votes, which is crazy.
The mistake was voting for a socialist dictator in the first place.
You can vote for socialism, but you can never vote out of it!
I mean he atleast did not win by 97% as if he was in some other dictatorships
Oh believe me, a lot
It says something very bad when TLDR, famously "as neutral as can be" saying, "....yeah, this thing was definitely rigged 😅"
But those perfectly rounded percentage tho 😂. Like WTH
If you think TLDR are neutral, and you can't see through their pro-Western lens....boy oh boy, you have a long way to go.
@omarchristie3923 the math for percentages are off my guy haha. TLDR lied to you. They not only not come off to perfect rounding, TLDR outright got the wrong percentages. Doing their own math for them per the totals they listed, it's actually 53% to 46%.
Why would Hispanic Stalin do this?
This may be to cynical from me, but while Stalin was far worse regarding human rights, he at least was relatively capable handling economy and war unlike Maduro
because USA bad
@@armintargaryen9216 May I inquire as to your thoughts on the Holodomor or Operation Barbarossa?
@@armintargaryen9216
handling economy? communist leader? give me a break...
@@somebodyintheinternet5478 Red scared much? Apparently going from feudalism to launching space excursions in less than 100 years is not enough
Can you guys do some stuff on Sri Lanka, there’s an election this year that hasn’t been covered much
@shortentertainment93 en.wikipedia.org/wiki/2024_Sri_Lankan_presidential_election
You misused a comma.
@@AwesomeHairo thx for the feedback
Thanks for talking about Venezuela!
I've been a huge follower of you guys from a while now.
I'm a venezuelan residing in Colombia. The best that can be done for us now is making our country a conversation topic so that the international community cannot ignore us.
Thanks you again and have a blessed day!
as a brazilian, i felt immensely sad when it was announced maduro had won again.
As a Venezuelan, I wasn't surprised at all, they rig elections every time 🤣
Why? The capitalist lost. That's a cause for celebration, not sadness.
All we can hope is that he doesn’t invade Guyana. Can’t believe Haiti named an airport after Hugo Chavez.
@@christianbolisca1493 he won't, doing so would trigger and international intervention and would be the end of the Regime.
@@TheFi0r3 i mean, i also wasn’t surprised, you know? i just still had hope that the venezuelan people would get rid of that abominable man.
AND THIS IS THE SAME COUNTRY THAT WANTS TO INVADE THEIR NEIGHBOUR 😭😂
Ahh don’t tell that to the Neo communists their brain might explode that their dictator of choice of the week is an actual imperialist communist
We safe lmao
Maduro's government, not the country
obviously because maduro wants more oil than what he'd already have
obviously because maduro wants more oil than what he'd already have
I don't think it's fair to call Maria Corina a conservative. Like by comparison to Maduro possibly, but I'd hardly call someone who's pro LGBTQ rights and pro abortion rights a conservative. She describes herself as a liberal as well, and the opposition party is more of a big tent party that consists of center left and center right parties.
Political spectrum is dependent on the local culture and politics, not some international interpretation. For an extreme example on the opposite end of the spectrum, the policies of someone considered a liberal reformer in Iran would be considered the deranged rambling of the extreme right for most of our countries.
she is right wing in venezuela, though not necessarily conservative
She wants to allow foreign companies to claim Venezuelan oil fields and mineral wealth. Thats conservative
Conservative is not a dirty word.
She asked for military intervensiom is her own country .... basically "someone invade my country please" i dont think that is very nice of her to say the least
And somehow he got "re-elected"? Right.
Yes he did. Just like biden is the most popular U.S president of all time.
i had a Venezuelan work colleague once, and she said that even though everything is crap there, and has been crap for years, there are people who still genuinely support Maduro.
@williansouza8724 As an Argentinean, I kind of understand how people support populists because the traditional right in latam always manages to get things worse
@@federicomarintuc well said, man.
@@federicomarintuc You are talking about Javier Milei?
I don’t know how but you’ve managed to package an unbiased analysis that is more entertaining than the sensationalized segment of economic and financial news. Thank you for your efforts to be the signal and not the noise. I understand that the economy is currently in a downturn and that we must wait for things to get better
As hard as it may sound you can plan for the recession. If you are working, find extra work and get an Invest--advisor. Protect your deposits by having enough cash in short term fixed income. Then cut your expenses. Minimal insurance, cut utilities.
I think the current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Even if you have a humongous income you still need to draw up futuristic plans because anything can happen. One could lose one's job or whatever. Investment cannot be overemphasized. About your advisor, how does one reach pls
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Jessica Lee Horst” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
People who spam about sanctions are really funny. Acting like Maduro regime didn't print money or applied price controls. Also, nobody mentions how Russia and China are always desperate to defend Maduro bs 😂 yeah they do cuz they love democracy...
Why kick a dying horse, Venezuela was in such a bad position that applying sanctions only made the conditions of ordinary people worse.
@@michaelotieno6524 Because since military interventions are no longer "allowed", it's literally the only measure democracies have to try and push Maduro out of power and restore people's freedoms.
@@HeitorS.-dh2wl of course, it's not as if letting a dictator roam free in the name of diplomacy has ever backfired by allowing him to plan and execute an invasion of a neighboring country or anything, I'm sure Maduro would've held free elections and accepted his loss if it weren't for the west, just like Putin did.
My dude, please grow up.
@@michaelotieno6524 the sanctions only affected high ranking government officials who are charged with corruption, drug trafficking and human rights abuses...
@@disalazargLOL freedoms like the West has such a good track-record restoring freedoms in latin America, the US was basically behind every Coup that ousted a leftist democratically elected leader in latin America and loved supporting death squads (Chile, Guatemala, El Salvador, Brazil, Argentina,...)
Thanks!
Did anyone, anyone *at all* , really think it would be different? That Maduro would accept defeat or that the economic crisis would solve itself? 🤷🏻♀️
Maduro thinks like that
Venezuela's economy is terrible because of him
*US coups and sanctions
Cope. The decline happened even before the sanctions. And aren't you supposed to be autarkic? You believe you don't need outside influence to succeed right?@@dannydenison6253
@@dannydenison6253 and because of communism.
@@dannydenison6253 no, no country under sanctions have ever done this bad
@@mdl2427 North Korea
As a Venezuelan citizen, all i can say is that we want things to change but for change to happen Maduro has to step down from power
If maduro wouldnt be a dictator he would direct a company invested in mobile games youtube advertisement
India 🇮🇳 stands with Venezuela 🇻🇪 and the Venezuelan 🇻🇪 people in these turbulent times
Thank you for making this video and helping generate awareness on my country’s crisis. Big fan of your work!
Maduro is the definition of "lying on your resume"
I mean, it was kinda obvious he was going to pull a North Korea inspired move.
The initial US sanctions on Venezuela were only targeting individuals, the proper economic sanctions were only applied in the mid 2010s so way after Venezuela's oil output declined
Yeah the sanctions later were meant to kick Venezuela while it was down. And they took Venezuela's foreign assets. I always tell people like this imagine you fucked up and have a big financial emergency. You go to the bank to tap your savings and the bank says no. What would happen to your life? That's the same thing happening in Venezuela.
@@xr2kid Sanctions were retaliation for their electoral interference in neighboring countries and their refusal to do anything about their growing drug trade. So it's less "kick them while they're down" and more like "being jailed after screwing up while committing a crime".
@@xr2kid, in fairness, the Venezuelan government holds so much control over many companies and resources that influence their economy. And since many people worked in the public sector, the sanctions hit the people much worse than intended. Still the fault of Maduro.
@@disalazargWhat electoral interference?
@@HeitorS.-dh2wl funding far-left extremist groups in Chile, Peru, Colombia and Brazil at the very least. Which, under their respective legislations, is obviously illegal.
Edmundo González Urrutia is the legitimate president of Venezuela 🇻🇪
Fr
No mention of the endless price controls and mass property expropriations? I think those had no small part in Venezuela’s decline.
Venezuela has a lot to learn from Saudi Arabia in economic management
There is a difference. Latin America has influence of populist leftist whereas in gcc they're extremely capitalist.
@@cristianbalan518
.... normally I'd look at you askance and raise my eyebrow judgmentally
But the situation in Venezuela is genuinely that bad so....
.... you're not wrong??????
I mean, Saudi Arabia has problems, but not nearly as bad.
@timothytumusiime2903 Well since Venezuela was oil reliant, I would say they suffered from the Dutch desiese. Technically Saudi Arabia is a potential candidate for this problem, but they are still doing pretty well, with forward thinking
Venezuela failed because of leftist megalomaniac leader, aka Hugo Chavez, got to power 25 years ago and the weakness of the democratic institutions. Venezuela was not great before him but it was moving on the right direction, it came out of an economical - political crisis due to a government modernization reforms to make Venezuela more impervious to crisis, more capitalist and reduce the power of political parties.
Economic decline, food scarcity and mass emigration began in 2012. The widespread sanctions began 2019
He quite literally says that US sanctions started in 2006 😂
Also we have been trying to kill or coup the leadership since the 90's 🤷🏻♂️
It's a dictatorship screwed by the bigger dictatorship of the USA.
Sanctions began way before 2019 what are you talking about?
@angelsunemtoledocabllero5801 there were targeted but very limited sanctions started in 2015, against key individuals and their businesses because they are managed by people who are drug traffickers.
Regardless, the reason for most of the economic decline is brain drain/capital flight as the government stopped respecting the right to property of their citizens and took as they pleased. Resulting of a collapse of the private sector and the public sector, lacking the talented people who have left (most of which hated the government) could not build solid state owned industry that worked well for the rest of Venezuelans
Not saying sanctions don't affect that, they do, but giving them sole or even leading credit is very disingenuous. Besides economic growth in Venezuela has always been dependant on oil at the end of the day and the Chavista regime has done nothing but make us even more dependent on oil
I wonder when TLDR will do a recap on Nigeria. Would like to see them try their objective approach to Nigeria the inexplicable.
4:59 murica's insane sanctions
I work in government finance and use the decimal trick all the time
Man this is a nightmare..
As if Venezuela is a legit democracy 😂😂😂😂😂
It is a brutal narco-dictatorship, a criminal mafia.
True, as if the USA or the democratic republic of Congo were real democracies!! Stay strong my friend, cheers.
@@OjoRojo40I mean, America calls itself a republic, not a democracy. Even electing their president has to be done through the electoral college and not by popular vote.
@@OrionTails A republic is a form of democracy 🙄 Who do you think is represented in the electoral college?
@@XMysticHerox a republic is a form of an elected government, but it doesn't necessarily have to be a democracy as many republics in history are, in fact, oligarchies.
Wow, Venezuela’s decade-long economic crisis, huh? It’s like watching a financial horror movie where the protagonist keeps making the same bad investments and expecting a different outcome. I’ve got $23k stashed away for emergencies, and I’m itching to dive into investing. Anyone else feel like starting with a head start is like playing Monopoly but with real money and fewer “Get Out of Jail Free” cards?
Hey there, I get the excitement-$23k is a solid start! But before you leap, it might be worth consulting with an investment advisor. Venezuela’s crisis shows how complex and unpredictable markets can be, so having a pro to guide you could be a game-changer. You don’t want to end up with Monopoly money, right?
Totally agree with Commenter 2. The idea of getting an advisor sounds promising, but finding the right one feels like searching for a needle in a haystack. Any tips on how to find a reliable advisor who won’t just take my money and run?
There are a handful of CFAs. I've experimented with a few over the past years, but I've stuck with ‘' Linda Aretha Reeves” for some years now, and her performance has been consistently impressive. She’s known in her field, look her up.
Venezuela's economy: definitely not stonks
This TDLR report could have been done in less than a minute. Why is Venezuela still in trouble? Maduro! This is like reading a murder mystery with two characters, one of which is killed on page two.
4:59 this is the oil refinery in the Caribbean island of Curaçao. The refinery which has been inactive since ~2018 due to mismanagement and international sanctions. It's illustrative for Venezuela's crisis. Unfortunately, the economic turmoil of Venezuea also hurts neighboring countries and islands such as Curaçao due to decreased trade and economic refugees. A minor bandage to that wound is that the refinery now ceased polluting this wonderful island with cancerous emissions.
Nothing will change in this country without force. This government will never step down.
4:43 I'm sorry what? 😮
Basically, if you readded all the zeros the government took from the Bolivar in these 20 years, the Bolivar would be better expressed in scientific notation (10 to the power of 14) 😂
There are multiple types of Bolivars.
In January 2008, the Venezuelan government introduced the Bolivar Fuerte. 1 Bolivar Fuerte was worth 1,000 original Bolivars.
In August 2018, the Venezuelan government introduced the Bolivar Soberano. 1 Bolivar Soberano was worth 100,000 Bolivar Fuerte. So 1 Bolivar Soberano was worth 100,000,000 original Bolivars.
In October 2021, the Venezuelan government introduced the Bolivar Digital. 1 Bolivar Digital was worth 1,000,000 Bolivar Soberano. Thus 1 Bolivar Digital was worth 100,000,000,000 (100 billion) Bolivar Fuerte or 100,000,000,000,000 (100 trillion) original Bolivars.
The USD was worth 35.72 Bolivar Digital officially (37.49 black market rate) as of December 2023. So that means the USD was worth 3.572/3.749 Quadrillion original Bolivars as of December 2023.
Elon vs Maduro
And Evo morales
Maduro all the way.
Elon is a psycho.
@@shafsteryellowdo u live in Venezuela?
Answer: Chavez + Maduro. Socialism.
"Ay yo what if we nationalize the oil industry and replace the foreign industry experts with my friends? Then spend all that oil money on expensive social programs!"
"... ahh shidd no more moniez 😢 better print money!"
"why is inflation 10,000%"
"why are people using Runescape gold as currency"
And then the classic
"why is there no food when we put price caps in place? that always worked historically"
The problems run deeper than Socialism. Venezuela has a long history of corrupt leaders all over the political spectrum. Doesn't matter what ideology someone is if they're a snake.
"In fact, the private sector still controls two-thirds of Venezuela's economy - the same as when Chavez was elected in 1998, according to estimates by the Central Bank." Yes, very socialist.
Norway shows that a petrostate has the potential to be a well-functioning social democracy. But Venezuela has been corrupt, incompetent, and autocratic, thus failing badly.
Ignoring the classic US military invasion and wife spread sanctions. But sure, just that just like in cuba, Nicaragua, chilli, brazil etc etc . Its never the coups, contra terrorists, or sanctions. Its just big scary leftists.
Can you cover the situation in Bangladesh?
What's happening? Are the protests still going on?
The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market crash.
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass wealth amid economy crisis, and even pull it off easily in favorable conditions. That should be the least of your concern. Also explore the option of working with a CFA to reduce greatly your chances of loss.
You're right, I and a few Neighbors in Bel Air Area work with an Investment Adviser who prefers we DCA across other prospective sectors instead of a lump sum purchase. As a result, my portfolio has recorded significant improvement even during the most unfavorable market season.
I'm intrigued by this. I've searched for investment advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation??
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
thank you for this tip , I must say Melissa, appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
It's like George Washington said: never trust a politician with a moustache.
I bet many people that is around 40-60 never thought Venezuela would become in such poor failed state, from a country that was called the Caribbean Pearl.
Please god, let Latinoamérica recover their former Glory
6:42 that is a lie, most of our oil exports go to china and more recently, the US (due to a relaxing of sanctions, due to the ukraine war and oil prices).
Even without sanctions and embargoes, venezuela currently cannot make use of its oil reserves since there has been no infrastructure investment for a very long time. The oil production and exporting infrastructure in venezuela is in a wretched state of disrepair.
7:30 Ad infinitum? Surely not. Eventually there will be no population left.
You'll always have a portion of the population who supports the tyrant no matter what
Mathematically you are correct - but these are people, not just numbers. I live in Chile and we currently have a pretty far left government. Even this government refused to recognize the results of the election, so Maduro broke off diplomatic relations with us (and six other Latin American countries). There are officially 700 000 Venezuelans in Chile and probably half as many unofficially. All of them now without representation. What a nice guy!
@@Brommearthe chilean government is centre-left, but IT doesnt matter, they Will be replaced anyway!!
@@jaegar2004 With communists like Vallejo and others they are decidedly not centre-left and only the opposition majority in parliament stops them from being more extreme. The pendulum swings left-right regularly in Chile. I hope you are correct that they will be changed next year.
Venezuela‘s decade long economic crisis explained: Real socialism attempted
lmao anime profile pic opinion invalid
Bruh literally US coups and sanctions crushing their economy
nothing about this is socialism
@@samnathans2915 so if I say it the opinion is valid, ammiright?
@@lightningstrike5024 me after I print money to catastrophic levels and expect nothing but further riches
Its only during elections that people protest...
The question is: What are the Venezuelans going to do about this?
There's really only one thing they can do.
You can't vote your way out of socialism
Id you can't beat it then I guess its time to learn how to life with it😔
You shouldn't want to lmao, we need to vote our way out of capitalism
@@tauceti8060 As Chile showed, you can get out of socialism, it's just not through government-sanctioned voting polls.
@@disalazargyeah its by overthrowing a democratically elected president and installing a fascist dictator
@@tauceti8060 Why do you think the U.S has its Second Amendment?
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts with experience since the 08' crash.
You're right, I and a few Neighbors in Bel Air Area work with an advisor who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portfolio grew 40% in the last quarter.
i'm blown away! mind sharing more info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well
I've stuck with ‘“Jessica Lee Horst” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip.
No mention on the camp attempt by the usa or all the sanctions on a country that tryed to embrace socialism ever we can't have that
Its like Nigeria but in S.America
Yo amo al petróleo 🛢️ venezolano 🇻🇪
so the US sanctions have nothing to do with economic crisis ?
We all know why Ven's eco collapsed.
It’s giving Zimbabwe
I refuse to follow channels that have a bias!!
I think it's pretty obvious at this point that Maduro is anything but mature.
I will take my leave now, but only after Maduro does.
He's "the most popular president ever elected", right?
I was assuming they just banned runescape lol
Also tldr you're coming off as a little bias here by immediately pointing out when you say gdp is growing that most of it doesn't go to ordinary folk in Venezuela, but everytime you talk about the US economy growing you never point the same fact out. Most Americans are pessimistic about the economy for the same reason as Venezuelans, doesn't matter that the national economic numbers are going up if it's not shared equally
I hate there are so many people who commny on these videos that think they know everything on this shit
You've either got Americans making unfunny communism jokes, or commies who think all negative news from Venezuela is propaganda
Agree
The oil crash happened back in 2013 Is why they're in this recession because they Like Saudi Arabia are a predominantly oil based economy
Explained in one word: Socialism
Commenting 4 algorithm
Whatever happened to - "questioning an election is undemocratic" ???
"Questioning an election is undemocratic when the election is fair"
FIFY
A clearly rigged election?
Don't make me laugh 😂
@@federicomarintuc According to the ones publishing the results, they're always fair, Venezuela's included.
The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
No wonder why he wanted to invade Guyana.
One might ask why the United States put punitive sanctions on Venezuela for its lack of democracy and human rights but not on Saudi Arabia which probably has a worse record on democracy and human rights and which might be considered to be the worst country in the world for women to live in (well, second worst after the Taliban took over Afghanistan).
Saudi Arabia also badly exploits foreign workers and is led by a very religiously fundamentalist regime that tries to spread its extreme version of religion around the world.
It seems likely that the United States targets Venezuela partially because it doesn't want a socialist regime to succeed but one could say that to a large extent Saudi Arabia is also a socialist country in which government controls much of the economy.
Funny how nobody ever calls Saudi Arabia a socialist country.
It's a strange sort of socialism in which there is no democracy and one royal family has all the power and in which religion is central but given how much of the economy the state controls
Saudi Arabia certainly seems to have aspects of socialism.
Frankly, given the above, the United States seems hypocritical in talking about democracy and human rights in Venezuela and this would be a good time to get rid of sanctions to accomplish a number of things.
1. To ease the misery of the Venezuelan people.
2. To reduce the number of Venezuelan migrants who are flooding into Columbia,
the United States and other countries and thus putting a strain on those countries.
It seems bizarre that the same American politicians who are trying to destroy the
Venezuelan economy also keep complaining about all the Venezuelan migrants
who keep showing up at the American border.
Didn't the Americans learn anything after dealing with huge numbers of migrants
who fled from Cuba after American sanctions severely damaged the Cuban economy?
3. To greatly increase Venezuelan oil production so that the economic situation for
Imperialist Russia becomes much worse due to dealing with more competition
in the oil market.
Aside from bellicose threats to invade and occupy part of Guyana
Venezuela does not pose a threat to the rest of the world but
Imperialist Russia threatens all of Europe and possibly northern Canada.
If increased Venezuelan oil production will severely weaken
Russia's economic position and thus disrupt Russia's actions in Ukraine
and decrease the threat that Russia poses to Europe then it would be worth it
to to take measures that will lead to a huge increase in Venezuelan oil production.
To make my point clear Russia is a far bigger threat to the world than is Venezuela.
To purposely hobble the Venezuelan economy and thus greatly reduce Venezuelan
oil production and therefore to improve Russia's economic situation is an foolish,
illogical thing to do, especially at this critical time.
Plus increased Venezuelan oil production will lead to lower gasoline prices
and voters would like that a lot.
Ese Maduro es un inmaduro
The guy had zero clue about the economy. All of his currency manipulations didn’t solve their economic output. The Petro, the sovereign bolivar, the digital bolivar, the “currency pegging” to the USD. They had a large oil economy before. I can’t find out what investments or developments he’s done for long term growth and to reduce their dependency on oil.
It is sad when I know I can divide 100% by two in a way that doesn't represent a perfect number with a simple algorithm in Python.
How is the war in Sudan?
The Zionist who run this show won’t let you see non approved messages.
Neat
United Nations, South Africa where are you?!
A fine example of socialism
Isn't socialism great!
Maduro's mismanagement has kneecapped Venezuela for at least a generation. The brain drain that his government's policies have caused alone is going to be nearly impossible to overcome even if he were to be forced out of office. The over-reliance on oil (rather than using oil wealth to diversify the economy such as in Norway or Dubai) and choosing to spend that money on welfare instead meant that Venezuela's economy was always going to be on shaky ground. Drops in prices would lead to crushing cuts to public services - leading to devastating impacts. It was reckless, populist spending that harmed the population - by prioritising short-term poverty relief programmes the most vulnerable people were put at the mercy of changing global oil prices.
Maduro and his supporters (be they Iran, North Korea or edgy keyboard warriors) are quick to point to US sanctions as the cause of all Venezuela's woes - without a word about the brutal crushing of dissent by Maduro, the renegging on the deal with the US mentioned in the video (some sanctions would be lifted if there were free elections) - as well as the roadmap out of sanctions being clear yet avoided by the regime, and the rampant levels of corruption.
Just a wannabe Latino Stalin dictator.
Latino Stalin? Don't make him sound better than he already is.
Sounds like the democrats lol
Soon he will be in the ring against Musk 😂
Cuba,Nicaragua and Venezuela are also dictatorships they make themselves as the victims in those countries governments and by the Cuba has two blockades the another one is internal blockade which the Cuban government is restricting the Cuban people making hard to food and medicine and also they cut off the electricity in the country. And also another one blockade is the American government against Cuba but the American government also help the Cuban government and economy with by Food exports and tourism.And also in Nicaragua economy is a full with everything like supermarkets,Restaurants and food distribution for the whole country.And also in Venezuela there is a lot of classism and inequality their economy works out with other currencies like the US dollars,Euros,Brazilian Reals and Colombian Pesos.And also there parts of the country that there parts of people that are doing good and the other half of people that are struggling to making means ends. It’s happening everywhere in the world prices are going up, inflation, housing, healthcare, and problems with society.No countries in the world is no perfect they are have to deal with inflation,inequality and corruption. Y,all people have no idea what it’s like to live in a dictatorship there’s so many people in the US that are very ignorant about these issues that you guys are afraid about Trump winning but instead you’re supporting another dictator that the people of Venezuela don’t like him this is not a far right or US backed coup this is the people of Venezuela that are tired of Nicolas maduro. y,all people that support the Cuban dictatorship is absolutely disgusting because Cuba is also a dictatorship you see United States with a lot of problems it has. We are way better than those countries. If Venezuela and Cuba don’t change the governments there’s gonna be civil wars in those countries on your doorstep, so stop with the propaganda that everything is US sanctions because not everything is the US fault. Yes, the US sanctions are part to blame for the chaos in Venezuela and sanctions countries but the sanctions don’t hurt the those countries it only hurts the people in those countries we know him that the United States has interfere and screw over Latin America and supported regimes in those countries. If Trump gets elected, the American ignorants are going to feel What it’s like to be in a dictatorship in the USA just like those countries and also USA,Cuba and Venezuela are very corrupt,hypocrites and evil countries with polarizing, propagandist media also around the world. Guatemala, Cuba, Haiti, Nicaragua, Brazil, Argentina, Ecuador, Peru, Venezuela, Bolivia, Mexico, Honduras, Chile, Suriname and the United States are corrupt and evil countries with human rights abuses with potential political violence, police brutality and war crimes in the Americas. In the future a lot of unrest and chaos.
Ay deja de caerte a paja. ESTOS REGIMENES SON CORRUPTOS, SON ORGANIZACIONES CRIMINALES Y SON LOS UNICO CULPABLES DE LAS DESGRACIAS DE SUS PUEBLOS. HABLAR DE SANCIONES Y CULPAR A LOS GRINGOS ES EL DISCURSO MAS POPULISTA E IGNORANTE DE LA HISTORIA MODERNA.
OK
It can be described by 2 words: US meddling.
i would say UK system is more corrupt xD
You're tiptoeing around the elephant in the room with amazing skill! Venezuela´s crisis explanation: SOCIALISM!
And to think many of you westerners want t this kind of socialism 😂😂 as a Nigerian it's baffling
No we want Norway socialist policies.
Which Westerners? The Maduro govt, like the one in Nigera, are simply crooks. This has nothing to do with socialism, which has not been a force in Western politics for a generation.
@corneliaaurelli1603 no thank you.
@@corneliaaurelli1603 but didn't the Scandinavian countries repeatedly state that they are not socialist? Last I checked, having a welfare social safety net is not socialist🤔
@@orboakin8074 Being a totally socialist nation is not the same as having "socialist" policies. They have policies like income redistribution that can be considered a socialist policy.
didn't mention sanctions?
Because sanctions matter very little.
Of course all those sanctions didn't affect it it anyway right
Sanctions accelerated Venezuelas downfall without a doubt, but poor preparation for future by Chavez and total corruption by Maduro are the main driver of recession. Sanctions were enforced long after the recession took off btw..
@@derunfassbarebielecki pls look at the data. Look at the gold and foreign reserves frozen by the U.S
Sanctions came after the regime destroyed the economy and oil production
Ahh yes, the old strategy of using America as a scapegoat, are you also trying to convince us that it is America's fault that the dictatorship tortures opposition members and that it created an app so that Venezuelans could report other Venezuelans for protesting so they were persecuted?
We can discus whether or not sanctions are useful in the long run, but if you think the country would work well if only it didn't have the sanctions, you're a brainwashed bigot.
@@shafsteryellow Look at the graph 1:05 . US sanctions were in 2019, the economy was already destroyed by Maduro's policies. Looks like the US was correct in sanctioning Maduro, he's a full blown dictator and he's always been corrupt. You'd rather blame the US than actually use your brain.
As usual you guys didn't disappoint with your "keep it PG for western audience" policy. With that in mind, this makes all the sense in the world than being affected by decades of sanctions, coups, and externally funded civil and political unrest to the point that the US and Europe actually acknowledged the head of Parliament as the legit president for a couple of years. Also great solution to the economic crisis, the right wing candidate funded by the United States of Americans ascends the throne, gets all those American companies to exploit sorry I meant explore the oil fields and give back to the people of Venezuela, because that's what oil companies are great at GIVING BACK. ❤
You didn't need to spend 9 minutes to just say Communism...
President Maduro is what Venezuela needs. Hugo Chavez (of Blessed Memory) is a hero and liberator of the Venezuelan people.
Nobody needs a horrible dictator that steals all the wealth and hinders progress.
You would have an argument if he had done anything positive in the past. But two 6 year terms of only spiralling downwards is all the proof anyone should ever need.
Already a decade of his rule and right now we have the same GDP as we had in the 90s 😂
@@TheFi0r3 If you’re a fascist, just say that.
Talk about elections, but don't question
Odio el comunismo
Why money is an artificial limitation.
I will never defend Maduro, but the sanctions placed by the US on Venezuela were a big part of why the coutry is in such a place
Not really no.
No. They were not a big part of why Venezuela is so bad off.
Dates, you need to look at dates.
US sanctions came several years after the oil prices fell.
Cuba,Nicaragua and Venezuela are also dictatorships they make themselves as the victims in those countries governments and by the Cuba has two blockades the another one is internal blockade which the Cuban government is restricting the Cuban people making hard to food and medicine and also they cut off the electricity in the country. And also another one blockade is the American government against Cuba but the American government also help the Cuban government and economy with by Food exports and tourism.And also in Nicaragua economy is a full with everything like supermarkets,Restaurants and food distribution for the whole country.And also in Venezuela there is a lot of classism and inequality their economy works out with other currencies like the US dollars,Euros,Brazilian Reals and Colombian Pesos.And also there parts of the country that there parts of people that are doing good and the other half of people that are struggling to making means ends. It’s happening everywhere in the world prices are going up, inflation, housing, healthcare, and problems with society.No countries in the world is no perfect they are have to deal with inflation,inequality and corruption. Y,all people have no idea what it’s like to live in a dictatorship there’s so many people in the US that are very ignorant about these issues that you guys are afraid about Trump winning but instead you’re supporting another dictator that the people of Venezuela don’t like him this is not a far right or US backed coup this is the people of Venezuela that are tired of Nicolas maduro. y,all people that support the Cuban dictatorship is absolutely disgusting because Cuba is also a dictatorship you see United States with a lot of problems it has. We are way better than those countries. If Venezuela and Cuba don’t change the governments there’s gonna be civil wars in those countries on your doorstep, so stop with the propaganda that everything is US sanctions because not everything is the US fault. Yes, the US sanctions are part to blame for the chaos in Venezuela and sanctions countries but the sanctions don’t hurt the those countries it only hurts the people in those countries we know him that the United States has interfere and screw over Latin America and supported regimes in those countries. If Trump gets elected, the American ignorants are going to feel What it’s like to be in a dictatorship in the USA just like those countries and also USA,Cuba and Venezuela are very corrupt,hypocrites and evil countries with polarizing, propagandist media also around the world. Guatemala, Cuba, Haiti, Nicaragua, Brazil, Argentina, Ecuador, Peru, Venezuela, Bolivia, Mexico, Honduras, Chile, Suriname and the United States are corrupt and evil countries with human rights abuses with potential political violence, police brutality and war crimes in the Americas. In the future a lot of unrest and chaos.
Too much focus on the news (election) without actually saying why the economy is so bad: socialism.
No it is that its a dictatorship