🔴 The Venezuela Crisis: State Of Disaster | Full Documentary

🔴 The Venezuela Crisis: State Of Disaster | Full Documentary

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They haven’t told me anything. I want to know about my child. I’ve never seen a case that really fits this
complexity. In terms of decline from their peak, I don’t
think I’ve seen anything quite like this. I don’t have any information on him, I don’t
know anything. We need to get people eating. Fundamentally, we need to get people eating. That comes, actually, before the politics. Of course, it does. The state’s a disaster. This is not a functioning place of sort. Cops just shoot people in the street, because
they don’t trust the penal system. It’s not clear if Maduro falls what would
replace him. In order to learn how Venezuela went from
being the richest nation in Latin America to becoming a disaster state, we went directly
to the impoverished nation to speak with the people living, working, and surviving there
every day. The minimum wage is five million Bolivares. You have 3 million in salary, and a two million
food voucher. But it’s not enough, because the basic shopping
basket is well above that amount. In order to make ends meet, Luis quit school
to find work, so he could buy food for him and his mother. Well they’re many people who have two or three
jobs and earn a little bit more and it’s enough at least to buy bread on a daily basis. But in my case, I only have one job and one
wage. This morning, I only had arepas for breakfast
because I didn’t have anything to fill them with. I don’t know what I’m going to have for lunch
at noon. I haven’t seen what’s in the fridge. In a normal country people don’t talk like
this. I talk to my family members who live abroad
and who live a normal life. They send me photos. Honestly, their lifestyle is what every youngster
in Venezuela dreams for. The story Luis shares is heartbreaking, but
it’s not unique to him. This is the day-to-day life in Venezuela. People can’t buy food, because the cost continues
to rise by over 50% each month. That’s the hyperinflation. Paper money is essentially worthless. That’s the broken economy. And the shelves at stores are bare, because
the government keeps reducing imports in order to try to balance the budget. That’s the corruption. For clarity on these factors, Real Vision
is fortunate to be working with Jay Newman, who came to us with this project in mind. Nobody knows the geopolitical world better
than Jay does. He’s been an investor in developing countries
for over 30 years and was recently profiled in the Wall Street Journal, saying that the
situation in Venezuela has captured his focus for a variety of reasons. Jay and I got to talking, and we realized
stories like Luis’ need to be told. Venezuela is one of those slow-motion train
wreck. People have seen it coming through years. They’ve been part of it for years. They’ve watched Chavez and now Maduro for
years. And for at least a decade, probably even more,
people have said things cannot get any worse in Venezuela. And then they get worse every single day,
every week. So what interested me is the question of how
a wealthy country so close to the US can be in such dire circumstances to try to understand
what can be done to fix it. Talk to me a little bit about the emotions
that the leadership of Venezuela elicits when you consider what’s happened? JN: Venezuela is a country that has tremendous
wealth– human capital, weather, land, and it’s been destroyed. And how does bad government take root and
really thrive? Because in a perverse way, that’s what’s happened
over the last 20 years, with Chavez and Maduro. Bad ideas, bad government, and corruption
have thrived. There has been no more complex situation from
the perspective of geopolitics and debt and the intersection of geopolitics, economics,
and debt than Venezuela. And it’s important to think about how a country
that has been isolated so dramatically can be brought back into the Western world, which
is where it belongs. Being an isolated nation means limited trade
and, therefore, limited resources. That helps explain why 90% of Venezuelans
are living in poverty. In fact, the average Venezuelan lost over
20 pounds in 2017. They’re starving. They’re dying. And the leadership has failed to address the
crisis. We spoke with leading experts to better understand
the devastating impact of hyperinflation, which continues to cripple the nation’s economy
amid rising rates, low wages, and a failing currency. People treat the bolivar like an ice cube. The minute you get paid, it’s an ice cube
that you’ve taken out of the freezer. And you better have something to do with that
ice cube, because the longer you wait, the less of it there’s going to be. Whatever you can get for that ice cube– ideally,
dollars, because those will preserve their value much better. But if you can’t find dollars, you buy bottles
of Tide. You buy cans of soup. You buy toothpaste. You buy whatever is on hand, because that’s
going to preserve value, either through barter or resell, much more than the currency is. That means that money is, for all intents
and purposes, worthless. Back in 2012, the minimum wage was $192. Today, the minimum wage is $20. Furthermore, a cup of coffee cost just under
450 bolivars back in 2016. Today, the same cup costs over 7 million bolivars,
which is equivalent to about $0.50. To combat inflation, President Maduro simply
cut five zeros off the currency in August of 2018. So those 7 million bolivars are 70 today,
but still represent a 155,000% increase in the cost over the last year. And if you purchased $1 million worth of Venezuela’s
local currency when President Nicolas Maduro came to power in 2013, it would now be worth
$2.50 today. But these are just the numbers. What does that actually mean in practical
terms? To find out more, we spoke with Fatima, who
works at her family’s bakery in Caracas. I remember when I was a little girl all the
shelves were full of goods, there were a lot of products. And now, we don’t even have half of what was
there when I was around 15 or 16 years old. It’s complicated, it’s uphill. We really have to do a thousand things to
be able to subsist, and lend a service to people. Because it is more than continuing a business,
it is about the love that we have for everybody. My dad has been here for more than 23 years,
I’m 24 years old. Can you believe it? I have been here since I was a little girl,
and I have known all of our neighbors. It is very difficult to stop providing a service
or to stop what we have been doing forever. Part of how you get into hyperinflation is
a government that makes promises that it cannot keep. This is an economy that has been devastated,
not just by, I think, autocratic populist policies, but by a legacy of corruption, and
these are hard things to overcome. If you’re going to print money, and the curve
looks like that, and it’s going up thousands of percent every month, year, whatever compared
to, say, 6% annually in the US, of course, you’re going to get hyperinflation. Of course, you are. Another drawback of hyperinflation is a failing
healthcare system. Venezuelan hospitals are broke, and doctors
are unable to provide patients with proper care. It’s horrible. We’ve had to deal with up to four days without
water here. We’ve had to carry water from the floor below,
from the ground floor up here, and well, sometimes it comes and lasts half a day, or if we’re
lucky it lasts all day. But the lack of water is horrible. Medical professionals are nervous about speaking
to the press for fear of government retribution. Carlos Leone, a doctor at the Caracas University
Hospital, agreed to speak with us only from the safety of his car. We cannot provide them anything, because there
is no medicine. There is no running water mostly. There’s no electricity. Sometimes we do tell the patients you have
to bring your own light bulb to be able to have light in your room, because the hospital
cannot provide them because of how fast they sell them. To know that you could have helped them and
you didn’t, because you didn’t have a cast padding, or you didn’t have rubbing alcohol,
or you didn’t have just the basic, they’re probably going to die. If you go on Twitter, you can find anxiety-driven
parents whose sick children need some medication that they can’t get hold of, which would be
essentially free to them if it were available. It’s been incredible to watch this unfold
from a country that was relatively normal when I got there to this, which is worse than
refugee camps I’ve seen across the world. It’s a real crisis now. Venezuela, even when I lived there in the
late 2000s or earlier 2010s, politically was a disaster. The human rights situation was increasingly
grave, but it was livable. That is no longer the case. It’s very dangerous. Nobody goes out at night. And that’s something that has created a siege
mentality that permeates both among the government, who are worried about what happens if they
ever lose power, and among the population. To understand what’s going on in Venezuela,
let’s dive deeper into its past. Since oil was discovered 100 years ago, Venezuela
has sometimes lived well on wealth derived from natural resources. But more often, that wealth has been squandered
or stolen by incompetent or corrupt leadership. Therefore, Venezuelans saw some benefits when
oil prices were high, but suffered disproportionately when revenues fell. In the ’90s, funds dwindled, and inflation
and poverty rates rose. People were restless. Abuser! Animal! And turned to a leader who had served in the
military, attempted multiple coups, and was seen as a champion of the working man– Hugo
Chavez. They just loved seeing somebody on TV or in
person and was talking their language. It was a very smart move say, hey, let’s give
a voice to these people. And it was phenomenal to see him. Drawing on Fidel Castro’s playbook, Chavez
championed his own brand of socialism, which became known as Chavismo. Eventually, oil prices rose, and the state
oil company, Petrovesa, became more profitable. From there, Chavez was able to dribble out
money into social programs. But from the very beginning, Chavez and his
cronies used government funds to line their own pockets. In addition, social programs often took a
backseat to distributing wealth to Cuba and other Caribbean nations in order to buy influence
and recognition. What might have become a nest egg for the
nation to buffer bad times became a money sink, as Chavez spent well beyond his nation’s
means. In the end, Chavez’s policies led to more
debt and even more inflation. We Venezuelans, we like colorful metaphors. But it’s that for a long time, corrupt politicians
all peed in the pool. But the Chavez administration was the first
time you could pee off the diving board. There’s no secrets in Caracas. You could wear Rolexes on a government salary
for all your life, and you were essentially untouchable unless you crossed some political
boundary. And then, regardless of whether you’d done
something wrong or not, you were a target. He had the residual loyalty of having launched
these two coups in 1992 from both the army and a lot of the population. And he also had a lot of money, so he was
able to promise much, deliver less, but use, basically, patronage networks and personality
that resonated to bridge that gap. Temir Porras: He was somebody who had no schedule. He could be working between 3:00 AM and 6:00
AM and then be exhausted, sleep, and wake up and start working on something else. And it’s also extremely challenging for his
opponents. Because he would basically exhaust his opponents
by always being on the attack. He was always on execution mode. As time went on, likely with Castro’s encouragement,
Chavez drew more and more inspiration from disreputable neighbors, like Evo Morales of
Bolivia and Rafael Correa of Ecuador. These men dealt with their political rivals
through unconventional means. Chavez took note and became increasingly authoritarian
and went after adversaries who were seen as a threat to his rule. Chavez, at times, seems to have also been
working hand in glove with the Colombian terror group, FARC, to move drugs and to kill rivals. He had purged most of his lieutenants at that
point. Most of the most capable members of the United
Socialist Party, if they flew too high, he would clip their wings, which can be a good
system to make sure you remain in power. But if you’re suddenly gone, it leaves very
much of a vacuum. The system starts falling apart when Chavez
dies much younger than anybody would’ve expected. He was a compulsive coffee drinker. He smoked. He gets cancer at a relatively young age,
dies. He was replaced by Nicolas Maduro, who was,
essentially, a surprise to many of us, in part, because he was seen as a bit of a comic
figure. Claudius survived Caligula, killing everybody
by pretending to be mentally disadvantaged. He was a clown. Nobody took him seriously. And for a while, I could could’ve sworn that
Nicolas Maduro had been Claudius. That he had been pretending to be completely
inept to survive in the high-risk world of United Socialist politics in Venezuela. And that now that Chavez was gone and he had
gotten the nod, he was going to leap into action. That never happened. Machiavelli tells us it’s better to be feared
than loved, because fear you can control. And Chavez was loved. Maduro has never really been loved, but he
has learned to use fear quite well. And what the government has done more and
more is use violence to bridge that gap and to keep the Venezuelan opposition and the
Venezuelan people in check. So you have sort of an unpopular post-Populism. Maduro’s sole claim to legitimacy, given how
unpopular he is, is that Chavez said this is the guy. This is the person, this is the rock on which
my movement is going to continue without me. And the more he departs from the way which
Chavez did business, even though the world has changed, the less secure he feels. But he remains in place, because while unpopular
and broke, the levers of power, his ability to keep certain key constituencies, including
some of the wealthy or people who have close relationships to the government and certain
military interests, he’s managed to keep them happy. A regime change is scary to many leaders within
the military. Because if a new government were ever come
to power, regardless of how bad this government gets, a new government might investigate what
happened to history’s biggest oil bonanza, which has disappeared, leaving less than $10
billion in the national reserves. In recent years, Venezuelan oil production
has fallen off a cliff thanks to statewide corruption. Venezuela is estimated to have over $300 billion
barrels of oil– 20% of the world’s proven reserves. And in 2008, it produced 2 and 1/2 million
barrels a day. However, this year, it’s estimated that production
may drop by 75% to 600,000 barrels a day. But the fundamental mistake was made decades
ago when Venezuela chose to focus on the oil sector to the exclusion of everything else
from agriculture to minerals to tourism. According to OPEC, Venezuela’s oil revenues
account for 98% of export earnings. So periodically, when oil prices drop, Venezuela
has no other exports to rely on. That’s the one drawback of being a one-dimensional
economy. Coupled with the degradation of the oil production
infrastructure, it will now take billions of dollars to revive production. It would take, I think, conservatively, probably
$15 to $20 billion a year for maybe 10 years to get it back to where it was pre-Chavez. Hans Humes: You’ve got $800 billion of oil
minimum under the ground. It’s a huge economic financial incentive for
people to figure out a way to stabilize things and increase it. RK: In oil, they are falling at a rate of
50,000 barrels a month. Some of that has to be used domestically. Some of it goes to countries, like China and
Russia, who don’t pay cash for it. Because it’s being used either in barter or
to pay off previous debts. So the actual cash they get from that is collapsing
even more dramatically. HH: If the central government collapses, then
people are going to be smart enough to cross the borders, set up an oil field, and start
selling oil. It’s going to happen. RK: I’d like to see a more diverse economy,
one which is more democratized as an economic point of view. That’s going to take time. Every leader of Venezuela, including Chavez
and Maduro, has talked about how important it is to diversify economically. The best time to diversify economically is
when you have a lot of extra capital that you can use to buttress fledgling industries,
and try and find a way to make them competitive in an ever-more international marketplace. Venezuela has the world’s largest oil reserves,
yet the cheapest gasoline. In the ’80s, Venezuela attempted to raise
the price of gas to stay in line with global standards. However, the people revolted, and it’s since
been an untouchable aspect of the economy. Right now, in dollar terms, one buck can buy
you nearly a million gallons of gas in Venezuela. HH: Oh, my God– gasoline. You pull up. They don’t even want to take money at the
gas stations. Gas is so cheap that the gas station attendants
are like, just give me a couple of eggs or give me whatever you feel like. Essentially, gasoline is given away domestically. We pay, I think, a third of what the Kuwaitis
pay. HH: With the inflation, you can’t have something
like that function, especially if you cross the border, and gas is normal prices. You could fill up a tanker truck with gasoline
for $7. You could sell that 100 meters across the
border for $25,000. HH: I mean, that’s just one illustration of
an entire economy that’s totally silly. [SPEAKING IN SPANISH] Oh, they pay me with
a cookie or a banana; maybe a cigarette. But I don’t smoke, so I give it to someone
else. The cookie is more expensive, the cigarette
is more expensive, everything is worth much more. It can’t be possible that a bottle of water
costs more than a liter of gasoline. Amid the misused resources and the corruption,
crime has become endemic in the country. 73 Venezuelans died in violent deaths every
day during 2017. That’s over 26,000 murders in one year. And while official stats aren’t kept in regard
to abductions, many believe a key driver of the violence is kidnapping. To use a personal example, I met my wife during
a kidnapping in Venezuela. And this was in 2010 when things were a little
bit easier. And we ended up getting kidnapped by a bunch
of off-duty cops, who then tried to ransom us off, and beat us up a little, and took
pictures of us to send to our family members to try and extract as much money as they could. Not only did they spend time trying to find
out what they could get for us and interrogating us, which is something cops are trained to
do, one of them took the time to explain to me why what he was doing was OK. And that made the facts whatever they might
do to us was justifiable. They were, in a sense, sort of modern day
Jean Valjean figures, not criminal cops, who were not killing people in exchange for money. Cops just shoot people in the street, because
they don’t trust the penal system. And they don’t have time to deal with it. You have opposition or even protesters who
get taken into dark cells with names like the tomb and then get tortured as a routine
bureaucratic measure. Violent crime and ongoing corruption remain
a constant across Venezuela. And as the Venezuelan government refuses to
work with the rest of the world to reach a solution, the US has turned to sanctions as
a means for encouraging change and punishing those who remain in power. Donald Trump: The strong one and the less-than-strong
ones– and you know what I mean by strong– every option is on the table, with respect
to Venezuela. RK: Sanctions have become the Swiss army knife
of American foreign policy. It’s become kind of the go-to tool. And so you see that when they feel frustration
or anger with what’s going on there, there is this tendency to turn to sanctions and
think what you can do more. Among the sanctions are a prohibition against
US purchases of Venezuelan bonds. However, with anticipation of the restriction
one day being lifted, people like Hans Humes and Jay Newman have considered the investment
opportunities that could emerge. Yet even Newman, who had a multi-year, multi-billion
dollar negotiation with the Argentinean government, acknowledges that this is an unusually sensitive
situation. JN: Creditors are going to be faced with the
need to consider not just their own parochial self- interest in getting paid, but how to
help Venezuela get back on track. There are lots of creative ways to do that. Venezuela has mineral resources. It has oil resources. It has agriculture resources. All of these can be currencies that investors
can be encouraged to invest in in order to make a bigger pie. But I think that’s something that creditors
are not used to thinking about, and they’ll have to in the case of Venezuela. HH: There’s no way they can manage the economy
worse than they have. But I think that in order for my investors
to make money, I don’t need Venezuela to become Germany. I just need Venezuela to become kind of like
Venezuela was before. RK: If you say, in or out now, I’d say, I’d
rather be in than out, because I do think there is a recovery story in which you’d do
quite well. Just losing Maduro and putting someone who
maybe speaks English and hasn’t had a lot of crazy talk about how his dead predecessor
came to him in the form of a bird and told him what to do—
If you whistle, I whistle. So I whistled. The bird looked st me strangely, whistled
a little circled me, and left. I felt his spirit. The bar is so low that, really, anything could
see him or be marketed actively as this is a step up, and now, we’re getting serious. And now, we’re going to reform. TP: I don’t think there will be a sustainable
solution if there is no dialogue inside the country and some sort of political deal that
forces everybody there to respect whatever decision or arrangement is agreed upon between
the different political forces. Of course, with participation from the international
community, but it must be solutions from within. RK: The role that China, Russia, Cuba, India,
perhaps, even too, play in a post-Maduro regime will be absolutely critical. I do think the ambition should be to bring
as many of those countries onside in saying, look, you have an interest in the country. Leaders change. And we will embrace a restructuring process
that allows, in a sense, the national community to be broadly engaged. As Venezuela becomes increasingly unlivable,
an exodus out of the nation continues, as hundreds of thousands flee for safety to destinations,
including Colombia, Brazil, the US, and the Caribbean. However, in order for recovery to take hold,
the experts believe more must be done to encourage native Venezuelans to come back home. If those international skill sets, international
capital, international contact, and international ethic standards can be brought back into the
government, I think that the chances that you could have a paradigm shift becomes much
higher. But the question is, how do you incentivize
people to do so? Venezuela, for a long time, even after Chavismo
had been there for a while– and assuming you weren’t working in politics– was a great
place to live. Venezuela has a lot to give. The tourism industry should be huge. It’s got some of the best beaches in the world,
the world’s tallest waterfall. There’s amazing jungles and mountains. It’s got everything– agriculture, and it’s
got the oil. HH: So there’s ample opportunity and ample
natural wealth for the country to come back to what it has been historically. JN: I think we have to be hopeful. And I think that it’s a place where international
institutions and international relationships can be brought to bear. So the IMF, the World Bank, the International
Finance Corporation, all those Bretton Woods institutions that help countries develop strong
institutions can all play a role. I think the United States can play a role. Trade and international relationships are
much more productive than isolationism. The ultimate goal is to invest in a way that’s
productive, that provides jobs, that makes money for investors. Because making money for investors is going
to make money for Venezuelans. The incredible thing is even amid the carnage,
investors see opportunity. They see a country blessed with incredible
resources and a vibrant culture. They see a dramatic turnaround happening in
Venezuela. They see an end to Venezuela’s tortuous road
of hyperinflation and starvation. But the tragedy of it is the situation threatens
to get even worse before it gets better. And with Maduro, it’s like a wall built around
a state of disaster. Hopefully, one day, true leaders will be able
to go in and help effectively address the crisis. For Real Vision, I’m Brian Price.


  1. How many babies were born between the time this video was made and today. Maybe they should not have children if they cannot provide for them and they starve to death. This is what our young people/children here in America want. They WANT socialism, they want communism. This is what our Democrat party has done to our children. . . . brainwashed them.

  2. Complacent Americans are screaming that socialism is a very good idea.

    And yet citizens of socialist countries are doing their very best to make it to our capitalism nation.

    And the socialist who live among us refuse to leave !

    Suddenly I hear music from….the Twilight Zone!😱

  3. I feel blessed..that i live in Indonesia..i feel that my country much better than Venezuela..i can eat,i can buy everything that i want without thinking what can i eat tomorow 🇮🇩

  4. America needs to be as written North, South & Central America all one Country all one American Government standing by what has made us our Constitution it would be a big process and take time but we could slow a lot of issue's Immigration, Murder, Drug's, Sex Trafficking, Socialism I'm sorry as a human being to any and all people living, dying like this it is so many levels past sad, unbelievable and intolerable but instead of more people thinking these ways and trying to actually do what America is supposed to do we have a Country torn in half and trying to be pushed towards socialism as well if America falls to this and allows it self to be undone from the inside it would be catastrophic

  5. Great to see the effect of US sanctions on importation of goods, plus financial constraints so that Vmzln companies abroad cannot send money back home.
    Maybe cause some electric blackouts to complete the job of killing everyone, in order to come and "liberate" the survivors. Like in Iraq and Libya.

  6. Good old Uncle Sam. Always so concerned for people's welfare. Everyone want to be like Libya – with slave markets ! already – or Iraq with depleted Uranium all over causing hideous birth "defects". The lucky ones don't survive.

  7. “Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal – that there is no human relation between master and slave.”

    Leo Tolstoy, Russian writer.

  8. "Those who would give up essential Liberty, to purchase a little temporary safety, deserve neither Liberty nor Safety."

    -Benjamin Franklin
    January 17, 1706 – April 17, 1790

    And I'll add those who would SACRIFICE essential Liberty deserves neither!!

  9. Elliot Mgnt and Greylock Capital are the desperate one's that want to plunge the country further into debt. They should have bought Bitcoin, if they can't handle Latin American countries defaulting on their debt. Now they rely on US govt officials to impose blockades which deny Venezuelan people food and medicine.

  10. Los gobernantes norteamericanos son la raíz de la corrupción en especial en latinoamerica, en su codicia y ancias de controlar a todo el territorio. "Venezuela se respeta"

  11. They've lied On Iraq.
    They've lied On Libya.
    They've lied On Somalia.
    They've lied On Pakistan.
    They've lied On Syria.
    They've lied On Afghanistan.
    They've lied On Yugoslavia.
    They've lied On Vietnam.
    They've lied On Haiti.
    They've lied On Sudan.
    They've lied On Panama.
    They've lied On Yemen.
    They've lied On Lebanon.

    Why would you think they are telling the truth about Venezuela?

  12. How can yo talk about sanctions when 90% are in starvation, who would that really affect, always punish the poor, why would the leader care?

  13. At least if they choose to keep living like that I hope they are happy. Seems like all the men there are little girls and they wont ever revolt. Neutered at birth by socialism.

  14. To all the Venezuelan please stop fighting amongst each others. You are destroying your own country. All must worked hard stand United.

  15. In my most sarcastic voice: Oh my goodness, I can't imagine why this video would be flagged as "age-restricted" by YouTube": one of the fairest and most impartial online platforms ever known.

  16. Envy is one of the seven deadly sins. envy and jealousy of rich people is what leads to socialism and all this bulshit.

  17. I'm not saying there isn't a problem but the women waiting in line for food and who are complaining that there isn't any, are really really fat. How do you get so fat if there is no food? Surely you should look like a skeleton? Not sure if these videos are pure propaganda….???

  18. Los Argentinos seguimos el camino de Cuba y Venezuela. Democracia como esta planteada es una mentira, echa para enriqueser plitichorros populistas que destruyen los sistemas de educacion, hacen a la gente idiota, destruyen el empleo y la economia, y esclavizan a la gente regalandoles subsidios para perpetuarse en el poder.

    .-Si vivis del estado tenes que abandonar la facultad de votar, la podes recuperar despues de pasado un periodo electoral (4 años) desde que cesas tu relacion con el estado.

    -. Es el requisito minimo para poder tener algo parecido a la democracia como la idealizamos

  19. Saudi Arabia flooded the market with Oil decreasing the price of Oil dramatically. This was not an accident. The sanctions and the embargoes are all making things worse. America is trying to overthrow the government and steal the Oil. Trump and Bolton have said this publicly. This was a calculated effort of US and it's empire to cause inflation. Our embargoes and sanctions are an act of war. Obama started the sanctions and Trump has continued them. Amazing the things Trump reversed just because Obama did it but NOT the sanctions. Capitalist are salivating to take over the Oil. Greedy capitalist are behind ALL POVERTY!! It's a fact!! If you are a democratic socialist government with the largest Oil reserve in the world you will be targeted by super powers of the world. Amazing how they talk about corruption when the US and the deep state are the chaos creators leading to regime change wars. Over and over we do this with impunity. Mainstream propaganda to bring us a palatable narrative.

  20. What disturbed me the most is the way Venezuelan people protested raising the price of gas. Cash has to flow in order to diversify an economy. They looked foolish as they enjoyed all that free gas. Why didn't the people naturally want to farm and produce their own product to consume as well as export? I can see the corruption of leaders. But there's no excuse for the people to act irresponsibly. In America, people take responsibility for the economy.

  21. Why do I get a feeling that once Maduro's gone (preferably with majority of corupt police & military), western capitalists will move in to "reclaim" everything that Chavez nationalized.. I get a feeling that the money from all that oil will never reach common Venezuelans.. 😟

  22. This sounds increasingly like those helpful British and American companies who 'Selflessly' helped IRAN in the '70s, in essence raping them of their own natural resources, give us 80% and we will do everything for you and all you have to do let us make the money for you. I wonder what 'Benevolent' US company will step us to help Venezuela with its oil production. The US has done a lot of good and bad things but I suspect there will be a lot of self-interest and predatory capitalism and profiteering where the Venezuelan people will continue to pay. I also suspect this will mean the US will spend less time in the middle east. Former banker says he would like to see a more diverse economy, does this mean an opportunity for regime change? Lets wait and see 🙂

  23. the only remedy to all this crisis is if some vrabe soldiers who are close to Maduro do what they supposed to do since the beginning of this turmoil think about that is too many people who are suffering and Maduro it's only one, it's better that one die to save too many others then he can be a hero…

  24. 1.8 k honest / real thumbs down. Sadly USA and UK reports and media are largely propaganda. Get politics and government out of the news business if you want truth.

  25. The US is behind this, they have locked up the banks. If they went to the rich neighborhoods there is plenty of food. The problem is the Venezuela government tried to sell oil for currency other than the US dollar. So, the US locked up the banks and Venezuela can’t sell oil.

  26. Come on venezuela leadership…. All you have to do is allow a rothschild controlled central bank to take over your sovereign currency and allow BP, Shell and Chevron etc to take over your oil resources just like iran in the 50's after the CIA op overthrow of irans democratically elected president….. 😵😲😅

  27. I would prey for the nation but nothing is going to stop the US from getting what they want and they have no shortage of money to make propaganda like this to get it 🙁 how many nations will this make that they destroy in the last 20 years 🙁

  28. How about stop talking so much and start fixing things. Increase farming, ranching, raise an agrarian economy. Then start home manufacturing and products. Finally, start having an export business. Oil will not last forever we must have a sustainable economy.

  29. This is a malignant cancer that infects all societies without a middle class. A concentration of wealth in a few hands always is an expression of corruption. You see the beginnings of this sickness in the U.S as the middle class has disappeared. It will be interesting to see what happens in China with the rise of the new middle class.

  30. Talking about the economy is absurd! You are missing the point. Latin America is under seage by the Narco Terrorists headed by Cuba, ONG's from different origins and FARC, ELN and other "political" groups that disgace themselves in Green, democratic, etc.. etc…. They are just criminals and assassins. Just in your back door!!!!!

  31. What a bunch of garbage!
    NEVER is it mention of the US backed coup or the decades of crippling American sanctions which prohibit business in the petroleum, gold, mining and banking industries, and the frozen assets in the US!
    The sanctions are also depriving Venezuelans of lifesaving medicines, medical equipment, food, and other essential imports!
    Even The United Nations High Commissioner for Human Rights has raised concern about US sanctions.
    It's clear that the United States is responsible for its economic collapse.
    This video is nothing more than cheap BS propaganda!

  32. People of Venezuela need to stand up and fight for their freedom and stop fleeing to other countries like cowards. Americans fought and died for their freedom, give me freedom or give me death.

  33. without sanity and rule of law , how to even begin. a country I would love to visit, a true gem, but how to undo the perversion that has taken hold????

  34. He said the government makes promises it can't keep is ruining Venezuela so how is Venezuela different than America it's just farther down the same bad road.

  35. There wasn't any real content to this video… And there can't be because same lack of leadership is spread world we have a world full bad Banks bad business and bad political leaders who paper and bail corrupion with fake paper money and until the montary system. Changes every country is Venezuela wait in to happen

  36. What a load of clap trap. You get the government you deserve. This is the perfect example of a shit hole country. The soft spoken fatherly announcer is "if only we had a better dictator… If only they had a better form of communism… If only communism was just applied more correctly" It is communism…socialism … and what else do you expect…. Communism has failed people for over 100 years !! Now it is time to join the free world

  37. You folks can hate on me all you want, but this is what happens when you vote for socialism. This is what the Democrats want to do to the United States.

  38. can you stand to hear the truth – the US is keeping them from selling there oil to the world – Iran+ – hence killing the people – they have an abundance of gold/ silver and oil – they are being suppressed by the US  and its cartel – the people Jews want to steel there natural goody's – GOT IT – that all we are known for – the most hated country in the work.

  39. To make a documentary about Venezuela and not touch on the power capitalist's efforts to undermine populist government is criminal. There is truth in this documentary, but it is a very one-sided truth based on the viewpoint of WTO executives and US oil monopolists. You play their game, or you lose. What we need is a better vision of globalism, not based on the narrow minds of reductionist materialism wielding the sword of social Darwinism. People matter, and not just as statistics in some arcane spreadsheet done by some low paid flunky analyst to please the Queen of Spades on a bad day. Alice needs to emerge from the rabbit hole, and we are ALL Alice!

  40. I'm sorry for Venezuela but nobody is doing anything, people are starving please do something. What is United Nation for? Just watching?

  41. This video is pure one-sided propaganda. Just like the Steve Bannon stuff on China. Shame on Real-Vision producing this garbage.

  42. Awesome report and video !! So sad for the people living the crisis… very touching. I wish they will have a great leader someday that will do greatness for their country.

  43. I was in Cuba 3 years ago. I fished all over the Third World for 30 years and Venezuela was the poorest. Worse than Mexico……
    Vote for the US Democratic party and you too can have Socialism. How can America have so many brain washed idiots?
    Most all governments are corrupt but most politicians are smart enough to only milk the cows once a day.
    The Western world has failed Venezuela…….sad. The United Nations is so corrupt they can't help anyone.

  44. The people itself elected a bus driver who has no idea about economy and governance to lead a country. China's so called Chinese style socialism is more capitalism than USA. The communist party is actually formed by professional bureaucracy and engineers economists scientists etc.. Venezuela should learn some modern governance instead of nonsense revolution.

  45. Wait wait, hold the phone… this guy met his wife in a kidnapping?! WTH. I mean it’s weird, kind of hot, I don’t know how I actually feel about that fun fact.

  46. Always blaming the socialists/communists…truly it is the global bankers and their insane need to own everything on Earth that us ultimately responsible for all of this. I dream of a day where States no longer exist. No human has the right to "govern" another human. Viva peaceful Anarchy!

  47. This is what socialism inevitably devolves into. Think of this when it is time to vote. The Democrats openly support socialism. Vote all Republican in 2020. Save the USA.

  48. The Report from Real Vision Fiance and the audience TOTALLY MISSED THE POINT on why Venezuela is in crises. IT IS USA SANCTION AND USA WANT TO CONTROL PETRO DOLLAR SYSTEM!!! PERIOD.!!! WAKE UP, LADIES AND GENTLEMEN. OIL OIL OIL, PETRO DOLAR PETRO DOLLAR SYSTEM. don't let these semi sophisticated reports fool you. They are here to brainwash you as to blame the problem of Venezuela on Cheves and Maduro.

  49. Maduro needs his throat slit so all can watch that socialist bleed out. Socialism understands nothing but violence so give them violence!

  50. It's not the whole story, however. The US has played its part in Venezuela's current woes as a response to Chavez's idealistic n or corrupt management of resources, that stifled inward investment.

  51. As it seems the collapse of Venezuela has barely just begun. This is just the beginning. To the ruling criminal "elite" the population is just a nuisance. They would not mind if they all starve to death or leave the country. They couldn't care less, as long as they can enrich themselves without limit.

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