“It was all a new reality for Gabriel Márquez, 24, who grew up in the boom years when Venezuela was rich and empty shelves were unimaginable.”
Read below news and you will be shocked that this is happening to a country that used to be extremely prosperous.
Venezuela had once the world's largest oil reserves and had been one of the world's leading exporters of oil. Besides, it is also the country which also produced many beauty queens! TODAY it is in riot for food. In 2015, Venezuela had the world's highest inflation rate with the rate surpassing 100%, becoming the highest in the country's history.
THIS IS REAL AND NOT IMAGINARY!
Venezuela’s woes are results of years of DEFICIT SPENDING from populist policies leading to overspending on social programs and over-reliance on oil funds.
As from Ray Dalio’s economic principles, very often a situation like ......