Venezuela is down to its last $10 billion

CNN ^ | March 1, 2017 | Patrick Gillespie

[C19fan]

Venezuela only has $10.5 billion in foreign reserves left, according to its most recent central bank data. For rest of the year, Venezuela owes roughly $7.2 billion in outstanding debt payments. In 2011, Venezuela had roughly $30 billion in reserves. In 2015, it had $20 billion. The trend can't persist much longer, but it's hard to know exactly when Venezuela will run completely out of cash.

[C19fan]

Despite the rhetoric, Chavez and Maduro has drained Venezuela's foreign reserves to make payments on Venezuela's sovereign debt.

[DannyTN]

I hate when I’m down to my last $10 billion.

[Gaffer]

I guess we can all lament that Hollywood never wrote a song called “Don't Cry for Me, Venezuela.”

[Red Badger]

No nation is more than three meals away from revolution.....K. Marx..........attrib............

[Buckeye McFrog]

Then we start eating the furniture.

[Old Retired Army Guy]

So what happens next? Does Maduro load the $10 Million on a plane and fly to who knows where? Any guesses?

[Dilbert San Diego]

Sociaism causes countries to go broke?? Who knew????

[circlecity]

It’s even worse when you realize a hamburger costs about $60,000 in Venezuela currency these days.

[Dilbert San Diego]

To paraphrase Lady Thatcher, did they run out if other peoples money????

[bgill]

The people got what they voted for.

[Army Air Corps]

At $10 billion, the Trump organization should make a deal to purchase the country (I’m sure the price can be haggled downward) and turn it into a refugee center.

[SMARTY]

Some ‘know-it-all’ Hollywood a*&hat ought to BUY Venezuela and restore it to the Socialist Heaven that they think it was!! :)

[jalisco555]

If only the right people were in charge.

[aces]

me too...let em cry and have a revoluuuuution..don’t let them in the USA

[Paladin2]

They need to call in Paul Krugman and The Burn to get their economics straight.

[newnhdad]

If the stories are true, we are about 12 months away from an epic humanitarian crisis in our hemisphere.

[fella]

That’s a good idea and the longer the negotiations drag out the lower the price will be.

I wonder why the ChiComs haven’t jumped in?

[TADSLOS]

Ping.

[Sybeck1]

There must be high walls around Venezuela because it seems they more and more would be trying to sneak in here

[lurk]

The fun starts when the army runs out of food.

Maduro the Bus Driver might want to keep the engines warm on his get-away plane.