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In socialist Venezuela, the U.S. dollar becomes king
By Rachelle Krygier
Thursday, August 2, 2018
CARACAS, Venezuela — As hyperinflation spirals toward 1 million percent, Venezuelans are confronting a deepening crisis that is pulverizing their incomes and spreading hunger.
Increasingly, the line between survival and starvation is determined not by having a job or an education, but something else.
Access to U.S. dollars.
Long decried as a symbol of imperialism by President Nicolás Maduro, the American greenback is now king in a country broken by mismanagement, corruption and years of failed socialist policies. The dollar's importance has soared as the local currency, the bolívar, has become nearly worthless.
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Juggernaut Commences Inaugural Drill Campaign on Its Empire Property
via Globe Newswire
Tuesday, July 31, 2018
VANCOUVER, British Columbia, Canada -- Juggernaut Exploration Ltd. (JUGR.V) is pleased to report it has commenced diamond drilling and IP programs on its Empire property, 40 kilometers northeast of Terrace, British Columbia.
-- Inaugural drill program started on Empire at the MaxMin zone.
-- 2018 IP survey at Big One identifies significant chargeability anomaly in the subsurface coincident with the airborne EM anomaly.
-- New Jay-Bear zone discovered on Empire that is situated on regional northwest trending geophysically indicated structure.
Diamond drilling will commence August 7 on Midas. ...
... For the remainder of the announcement:
This week, for instance, the price of a dozen eggs topped 2.6 million bolívares -- equal to two weeks' pay at the minimum wage. But for a Venezuelan who can exchange dollars at the black market rate, those same eggs are a relative bargain, costing only 60 cents.
Venezuelans are increasingly being separated into two classes: those who have dollars and those who do not.
Consider the case of the Berroterán sisters. ...
... For the remainder of the report:
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