Venezuela is in the midst of a hyperinflationary monetary event that has seen the nation run out of beer, bodybags and bog roll, but is the US behind any of the resulting social unrest as citizens demand food? Or is the runaway inflation a result of the government’s own policies and responses to the oil price crash? Venezuela imports almost all of its food needs and also sells its refined oil products at a massive discount to the actual cost. What role do these insane policies play? Double Down talks to independent journalist, Jeff Berwick of DollarVigilante.com about what he saw on the ground in Caracas and what hope, if any, remains for the economy.
Who Doesn’t Need Bog Roll?
14:17 GMT 14.06.2016 (Updated: 13:50 GMT 06.08.2022)
Who doesn’t need bog roll?
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On today’s episode of Double Down, hosts Max Keiser and Stacy Herbert are joined by Jeff Berwick of dollarvigilante.com, who has just returned from Caracas, to discuss the hyperinflation and political unrest happening in Venezuela.