How to Bankrupt a Country in 5 Easy Steps (The Venezuela Story)

How to Bankrupt a Country in 5 Easy Steps (The Venezuela Story)

How does a nation sitting on the world's largest oil reserves lose 80% of its economy in a single generation? In this video, we break down the economic collapse of Venezuela into a terrifyingly simple 5-step guide.

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From the "Golden Handcuffs" of the oil boom to the 1,000,000% hyperinflation nightmare, we uncover the specific policy decisions that turned the wealthiest nation in South America into a cautionary tale. This isn't just history—it's a masterclass in what happens when a government ignores the basic laws of economics.

In this video, we cover:

The Resource Curse: How "Dutch Disease" and firing industry experts doomed the oil sector.

Price Controls: Why declaring war on profit led to empty shelves and the "Dakazo."

Currency Corruption: The "dollar glitch" that allowed the elite to steal billions.

Hyperinflation: What life looks like when a cup of coffee costs millions.

The Exodus: How the collapse sparked the largest refugee crisis in the Western Hemisphere.


#Venezuela #Economics #Hyperinflation #Geopolitics #OilCrisis #EconomicCollapse #Documentary #History