If we believe all the recent headlines on Aserne.com, the South American country of Venezuela is tumbling down out of control with a triple collapse economically, politically and socially.
The entire world is watching the severe downward spiral as 30 million Venezuelans are challenged with major food and medicine shortages, more power outages, the world’s highest inflation rate and so much more. This is the country’s worst recession in more than 70 years.
According to CNBC.com, the OPEC member is now swapping more gold for cash. The country is desperate to stay afloat so it can feed its people, and the quickest fix at the moment, is selling its gold reserves. As of last week, Venezuela’s gold reserves had plunged to a low of $12.1 billion.
Venezuelans like Jose Gonzalez, 60, are having to change their diet, since they cannot find the food they need at the supermarkets. Milk, meat and beans are the major protein staples for the country but sparse in supply or sold at exorbitant prices. So, many Venezuelans are eating pasta, rice and cornmeal cake, which offer fewer nutrients.
Venezuelan dietitians claim that too many carbohydrates will make the population fat, and the lack of calcium will stunt growth for children.