Venezuela In Crisis: Biggest Risk To Maduro Is Cash And Vanishing Oil

Venezuelan President Nicolas Maduro (center) attends a ceremony to celebrate the 81st anniversary of the National Guard in Caracas on August 4, 2018. A loud bang believed to be from a drone carrying a bomb interrupted Maduro’s speech during the military ceremony . (Photo by Juan BARRETO / AFP)

President Nicolas Maduro survived an odd drone attack recently, something the Socialists United (PSUV) leader immediately blamed on Colombia and not the CIA. Surprisingly. But Maduro has bigger problems than coup attempts—real ones and the imaginary kind. With every passing day, Venezuela falls deeper in distress.

Maduro may end up a much happier man retiring on Margarita Island and writing his memoirs than sticking it out in Caracas. Cash flow stress from low oil production promises to make things worse for him and his government. Loyalists could desert him. His country, which he professes to love, is in danger of bankruptcy.

Inflation is

... read more at: https://www.forbes.com/sites/kenrapoza/2018/08/08/venezuela-in-crisis-biggest-risk-to-maduro-is-cash-and-vanishing-oil/

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