It may be shocking to see on Facebook many unfamiliar with present-day Venezuela that some locals are now hunting for dogs, cats, and pigeons. The reason: they need food. And food is in short supply.
Meanwhile, those seeking more traditional forms of food, have to stand for long hours at supermarkets to get to it. When people get cash, they spend it as soon as possible for other necessities in short supply such as medicine or toilet paper.
It is estimated that this year the inflation rate in Venezuela will hit 700%, with the following years bound to get worse. That’s another reason for not holding onto Venezuelan currency.
“Maduro has destroyed this country,” claims Danilo Diaz Granados, 42. His 4-year-old daughter is dying of cancer and there’s no medicine to help her. At the same time, violent protests against the government are growing in intensity, as USA Today just reported.
Many residents of this Latin American nation feel that their president, Nicolas Maduro, is blaming every one but himself. What’s notable is that Venezuela sits on world’s largest oil reserves, yet is filled with growing poverty.