1 US Dollar Will Buy You 925,000 Gallons Gasoline in Venezuela

Zoe Papadakis – August 8, 2018

One U.S. dollar will buy you nearly 925,000 gallons of gasoline in Venezuela, which may sound like a dream come true, but the harsh reality is that the country is facing possibly the worst economic crisis in modern history, The Drive reported.

For five years Venezuela has been locked in a brutal recession, with hyperinflation of the Venezuelan bolivar approaching 1 million percent.

Foreign exchange reserves have fallen by about $2.5 billion in the past few months while the government has defaulted on most of the outstanding bonds, which are estimated to amount to $60 billion, Business Insider noted.

The situation is dire.

Venezuelans are starving amid food shortages, Reuters reported, and now the government of President Nicolás Maduro is losing support after his alleged attempted assassination over the weekend.

Venezuela has held on to its fuel subsidies that have made it one of the cheapest places to buy gas and, as The Drive noted, for years a tank of 91-octane fuel has cost less than a bottle of soda.

Fuel retail price covers less than 5 percent of the cost of production and the remainder has to be made up by the government.


Floods affect 16 million, kill 500 in Nepal, India and Bangladesh

– August 19, 2017

More than 16 million people in Nepal, India and Bangladesh are affected by monsoon floods in one of the most serious crises the region has seen in many years, IFRC reports. So far, floods in those three countries are thought to have killed about 500 people.

“This is fast becoming one of the most serious humanitarian crises this region has seen in many years and urgent action is needed to meet the growing needs of millions of people affected by these devastating floods,” said Martin Faller, Deputy Regional Director for Asia Pacific, International Federation of Red Cross and Red Crescent Societies (IFRC), on August 18, 2017.

“Millions of people across Nepal, Bangladesh and India face severe food shortages and disease caused by polluted flood waters,” Faller said.

According to local authorities, flood levels have already reached record highs in Bangladesh and flooding in Jamuna has surpassed levels set in 1988, the deadliest floods the country has ever faced.


Comment: John Durrad http://www.setapartbytruth.org

Climatologists are trying to figure out what is causing the extreme worldwide weather. Some experts say it is due to the earth warming up, yet other experts say even if the earth temperature had remained level we would still see extreme weather patterns.
These floods have reached record highs and as reported are the deadliest floods the country has ever faced. World conditions are not improving, so perhaps we should turn to the Bible for words of wisdom in conducting our affairs. God gave ancient Israel guidance to enable Him to bless them. Our modern-day society should listen and implement these words.

“If ye walk in my statutes, and keep my commandments, and do them;
Then I will give you rain in due season, and the land shall yield her increase, and the trees of the field shall yield their fruit.
And your threshing shall reach unto the vintage, and the vintage shall reach unto the sowing time; and ye shall eat your bread to the full, and dwell in your land safely.” Lev 26:3-5.

What is so difficult for people to see that keeping these commandments laid down by our creator for our benefit, will reap the reward of multiple blessings and not the multiple curses we see today.

Hungry Venezuelans cry at the sight of food, as economic crisis deepens


hungry Venezuelans

Patrick Gillespie – July 20, 2016

Pregnant women, children and even elderly Venezuelans crossed into Colombia on Sunday after the border was temporarily reopened, allowing them to buy basic foods and toiletries — rare commodities in their home country.

Tearful Venezuelans had gone weeks without basic food items like milk, flour and toilet paper. It’s a sad but common part of daily life today in crisis-ridden Venezuela, a country that has the world’s largest proven reserves of oil. Colombian officials estimate that about 100,000 Venezuelans crossed the border.


Venezuelans Ransack Stores as Hunger Grips the Nation


hungry VENEZUELAN children

 – June 21, 2016

CUMANÁ, Venezuela — With delivery trucks under constant attack, the nation’s food is now transported under armed guard. Soldiers stand watch over bakeries. The police fire rubber bullets at desperate mobs storming grocery stores, pharmacies and butcher shops. A 4-year-old girl was shot to death as street gangs fought over food.

Venezuela is convulsing from hunger.

Hundreds of people here in the city of Cumaná, home to one of the region’s independence heroes, marched on a supermarket in recent days, screaming for food. They forced open a large metal gate and poured inside.