Another debt payment has been missed. Venezuela had an agreement, ordered by the World Bank to repay $1.03B owed over a cancelled mining project with Gold Reserve Inc. as ordered by the World Bank. Monthly payments were to be made but those stopped in the fourth quarter of 2017. The disaster of far left ideologies has left this poor country in shambles. The deterioration is shocking and shows how crippled countries can become when political crisis of this magnitude hits. This is not an attack on the Left but does illustrate the dramatic decline in life when authoritarian ideals are forced upon people. Many mines have been forced out, leaving illegal mining operations running, often organized by the army.
"As Venezuela’s bolivar has become nearly worthless after losing 99% of its value, and with inflation at 2000%, its citizens have been unable to afford food or medical care. To alleviate the crisis, Venezuela has requested that pharmaceutical accept gold or diamonds in payment for medicine!