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DTube - Venezuela Will Be Out Of Gold By Next Year! - What You Need To Know by joshsigurdson

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news · @joshsigurdson ·
$103.47
DTube - Venezuela Will Be Out Of Gold By Next Year! - What You Need To Know
<center><a href='https://d.tube/#!/v/joshsigurdson/hnwxzrbp'><img src='https://ipfs.io/ipfs/QmR2q1RNTC2YWQXswQQvvQKXzJQJcEqnwcQjBQtJJSmDFc'></a></center><hr>

One of our most recent video reports!
See the original article below:

Josh Sigurdson talks with author and economic analyst John Sneisen about the recent finding that Venezuela will be out of gold by May or June next year.
Since November, Venezuela has lost 1.6 billion dollars worth of gold. 
Several years ago under Hugo Chavez, Venezuela repatriated its gold from central banks around the world. Chavez soon after died and Venezuela started selling its gold to pay for its crippling level of debt. Keep in mind that Canada sold all of its gold some years ago and therefor Venezuela has more gold than Canada. Now Venezuela will join the club and sell off all remaining gold.
Venezuela has printed so much bolivar fuertes that their gold could never pay off what they created. 
All fiat currencies eventually revert to their true value of zero. They always have, they always will going back to 1024AD in China. Venezuela is going the way of the Wiemar Republic and Zimbabwe. Total hyperinflation. Poor trillionaires. 

This is the end result of all centralized socialist empires. Dependent on oil. A populace in servitude. Vast debt. Hyperinflation. Bread lines. People breaking into zoos to eat the animals out of desperation. 

We will continue to break this issue down. Stay tuned! 

<hr><a href='https://d.tube/#!/v/joshsigurdson/hnwxzrbp'> ▶️ DTube</a><br /><a href='https://ipfs.io/ipfs/QmTfXpRvFdNJJa6yLZbfTFc17mQs67JBmrPdeTN9e6vggt'> ▶️ IPFS</a>
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vote details (80)
@cortexx ·
$1.79
They depend so much on commodities and they think they are the brightest man who  can decides of the future of Venezuela now what they gotten. I call it misusing of socialism, you can't create a system like socialism if the government compose of corrupt and stupid politician. If they diversified their economic activity other than just boring oil and gold, they could revive their economy back. They should have listened to their own people itself on how to run a country that would be better.
👍  ,
👎  
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@vieira · 
What happens is that in Venezuela an internal political battle is fought, during the Chávez government there was a conflict between the economic groups and the government, so the government was in charge of importing international products with the oil money, and created a set of laws, that did not allow the domestic industry to compete with these imports, so the power and influence of the businessmen disappeared, but once they ran out of oil money, then the government of Maduro, no longer it could maintain the level of imports, and with so few goods and services available, and the printing of money to continue at a very high level, the disparity generates very high inflation.
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@decomoescribir ·
$0.22
Out of gold? I didnt knew Venezuela depend on gold.
D.
👍  
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vote details (1)
@djimpulse · 
Great post@joshsigurdson!! The world will run out of gold one day then it's TRUE value will be where it should have been for all this time!!  #debasedfiat #gold #silver
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@jolugo23 · 
This is false, we have a shitty monetary policy, but gold has a wider area than can be exported. to the extrrior.
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@jolugo23 · 
![ciliaflore99cye.jpg](https://steemitimages.com/DQmWwsKE2bJrEKqszC8xdgvW2wQFyp3z5iWQWhZQHYeJL7V/ciliaflore99cye.jpg)
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@m3voice ·
6ripufqrm
Hey there! My name is M3, and I'm giving you an pvote, and a subscribe! A bunch of us are sort of from YouTube, but got really sick of it, and are trying to really promote DTube. There's getting to be a decent little community on here, and I just thought I'd help you out a bit. If you like music-themed, somewhat funny things, that's what I do. Cheers ``
👍  
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vote details (1)
@prs · 
La verdad para mí este tema es falso ! Si hay una gran falla en la mala administración de nuestra riqueza , pero para que se acabe está difícil ,nosotros los venezolanos no perdemos la FE de que vienen mejores tiempos 👌
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@shaungerow · 
I read up somewhere a while back that Canada has the secon worst performing stock market next to Venezuela ‘s. If that’s true: 🤢🤢🤢🤢🤢🤢
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@stranded · 
And now the gas prices go up because of Venezuela.
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