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“The smallest denomination of money is used for toilet paper, because it’s worthless.”
That’s from a new exposé on Venezuela in Cracked magazine.
The author recounts how the South American country has the largest oil reserves in the world—more than Iraq and Iran combined.
Yet it’s descended into a lawless, barren, socialist dystopia…
Venezuela is another victim of Tom’s “Great Unwinding” thesis. A rising U.S. dollar has crushed oil prices—the country’s lifeblood. Oil comprises 95% of Venezuela’s total exports.
And with low oil prices as “the new normal,” the country’s outlook is bleak…
Click here to read this eye-opening article. (Warning: Do not click if you’re offended by expletives.)