The sad political legacy of Chavez

Dear friends,


read the article of the italian magazine " Panorama "which is titled" The black gold pushes Caracas edge of the abyss. "



I happy my friend Stephanie Caracciolo, whom I really like a sister.
I know that Stephanie has political positions like mine and I have spoken several times of the regime of Hugo Chavez in Venezuela.
Now, Venezuela has enormous wealth.
In fact, it has oil reserves amounted to 300 million barrels.
So, every Venezuelan would have a wealth of 10,000 barrels each.
In dollars, a similar figure is equivalent to half a million.
Too bad, though, that the regime of Hugo Chavez has destroyed any possibility of Venezuela to develop.
In fact, the party of Chavez (the PDVSA) has replaced the experienced technicians with characters close to his ideas.
The country has not been able to react to the halving of oil prices compared to a year ago.
The government has created bonds between now and 2017, and do not know if it can honor them.
The balanced budget is set at $ 100 per barrel but the January 6 Venezuelan crude was quoted at $ 46.
The government also estimated that inflation is at 70%.
In fact, it is equal to 500%.
In addition, in the country of exchanging money in the black is out of control.
The dollar is worth 2000% more than the prices.
The "dream" of italian communists and fascists  (always anti-American as Chavez) has turned into a nightmare for Venezuelans
Sincerely.