Currency Chaos That Felled Sudan Leader Is Lesson for Maduro By Paul Wallace April 11, 2019, 6:48 AM PDT Updated on April 12, 2019, 3:00 AM PDT Dollar squeeze also led to downfall of Mugabe, hurt Bouteflika Venezuelan leader may have to solve currency crisis to survive For autocratic leaders seeking lessons from the toppling of Sudanese President Omar al-Bashir, avoiding a currency crisis may be the key to survival. It’s the same problem that did for long-standing rulers from Angola to Zimbabwe and may yet claim Venezuela’s Nicolas Maduro. Al-Bashir, who the military ousted on Thursday to end 30 years of rule, faced months of protests against the government’s economic mismanagement, repression and corruption. One of the root causes of the 75-year-old’s downfall was his inability to manage a shortage of foreign exchange that sent inflation soaring and hammered living standards. Sudan’s woes can be traced back to the secession of South Sudan in 2011, which saw it lose almost all its oil fields and 60 percent of fiscal revenue, according to the Institute of International Finance. But the government’s decision to ramp up spending while pegging its currency only exacerbated the situation. “With the loss of oil revenue, the government monetized the deficit, causing inflation to spiral and reserves to dwindle as the central bank maintained an overvalued exchange rate,” Jonah Rosenthal and Garbis Iradian, economists at the Washington-based IIF, said in a note Thursday. The central bank devalued the pound almost 40 percent to 47.5 per dollar in October. But it was too little, too late. The currency’s black-market rate tumbled again and now stands at around 75 against the greenback. Inflation is almost 120 percent, according to Steve H. Hanke, a professor of applied economics at Johns Hopkins University in Baltimore. Source: Haver, Institute of International Finance Al-Bashir is far from the only strongman to come unstuck in recent years thanks to a balance-of-payments crisis. Robert Mugabe was pushed out by Zimbabwe’s army in 2017 as a dollar squeeze and political tension caused havoc in the southern African nation, while the ruling party in Angola pressured President Jose Eduardo dos Santos to resign earlier than he wanted in the same year. Tellingly, one of the first things his successor, Joao Lourenco, did was devalue the kwanza to try and end a dire scarcity of hard currency. And Algeria’s Abdelaziz Bouteflika, who was forced out of power this month, faced his own currency problems. The 2014 crash in oil and gas prices crimped the Arab nation’s dollar earnings. While it avoided the kind of economic pain seen in Sudan, it spent more than $100 billion of reserves to prop up the dinar and avoid tough measures such as a major devaluation or turning to the International Monetary Fund for a bailout. In Venezuela, where inflation is more than 1 million percent, making the bolivar all but worthless, Maduro has managed to hold on thanks to continued support from the military and outside powers such as Russia. But if Sudan and Zimbabwe are a guide, he’ll also need to solve the currency chaos. “Nobody survives hyperinflation,” Daniel Osorio, president of New York-based Andean Capital Advisors, which advises money managers on Latin America, said Thursday at a debt conference in Washington. “Sooner or later, it pushes you out.” — With assistance by Ben Bartenstein (Updates paragraph under chart with political tension in Zimbabwe.)
Maduro orders Venezuela civilian militia expand by nearly 1 million members Venezuelan President Nicolas Maduro on Saturday ordered an expansion of civilian militia by nearly one million members as opposition leader Juan Guaido toured western Zulia state, which has been hard hit by electricity blackouts... Global News April 14, 2019 April 11, 2019 WATCH: Pompeo slams China, Russia involvement in Venezuela Maduro. [Please click on the article title to view this video.] March 29, 2019
'It's as if Cuba Has Annexed the Country': As Venezuela Crisis Prolonged, Franklin Graham Launches Border Outreach Franklin Graham holds Festival of Hope near Venezuelan border (Photo screen capture) 04-26-2019 | Dale Hurd | http://www1.cbn.com/cbnnews/cwn/201...nged-franklin-graham-launches-border-outreach The United Nations has called the exodus of refugees from Venezuela "unparalleled" in the modern history of South America. More than a million of the country's four million refugees have fled to the neighboring nation of Colombia, but that's where tens of thousands of them had a life-changing encounter with Jesus Christ over Easter weekend. A broken economy magnified by a political crisis and power outages is forcing millions of Venezuelans to flee their country. CBN News contributor Chuck Holton has visited the area and described the desperate situation for those crossing into the border town of Cucuta, Colombia. "These guys are bringing products either into Colombia to sell or back into Venezuela, things that aren't available there, things like tires, medicines. Coming across from Venezuela we're seeing a lot of scrap metal that they sell over on the Colombian side, we see things like copper wire because people are ripping the wire out of the walls and wrapping them up and bringing them over here to sell just to get enough money to eat," Holton said. Cucuta is on one of the main escape routes for desperate Venezuelans. Prostitution by Venezuelan girls is rampant. Leonel Castillo and his wife work with their church to help them. "The wealthiest Venezuelans have already escaped to Spain or Miami, the middle class is going to Ecuador or Chile. But the poorest are coming to Cucuta," Castillo said. Venezuelans have been suffering under one of the worst humanitarian disasters in modern times, but this week tens of thousands of refugees received the ultimate gift of hope. It was called the "Festival of Hope," and Franklin Graham's team chose the strategic location to share the gospel to Colombians and Venezuelan refugees as well. "Tonight if you're here and you don't know Jesus Christ as your savior," Franklin Graham preached, "tonight you can be sure." Christmas in April: Thanks to Franklin Graham's Samaritan's Purse, a Little Joy and Hope for Venezuelan Refugee Kids Franklin Graham's 'Festival of Hope' Reaches 94,500 Colombians, Venezuelan Refugees with Love of Christ Graham told CBN News, "The physical needs, I think, of the people. God sometimes uses that to open up the hearts spiritually." Christian ministries like Graham's Samaritan's Purse and CBN's Operation Blessing have sent teams to provide food, hygiene kits and medical care to the refugees. As the humanitarian crisis worsens – the US and other nations are increasing pressure on the Maduro government and his allies: Russia and Cuba. Graham considers the Cuban officials and military personnel who are propping up leader Nicholas Maduro a big obstacle to change. "The Cubans have taken control of the country. They've taken control of the government. They've taken control of the military. It's almost as if Cuba has annexed the country," Graham told CBN News. As the Venezuela crisis deepens, the US and other nations aren't ruling out military force. Graham says he hopes and prays for a solution that does not involve military force and more suffering for the Venezuelan people.
“Nobody survives hyperinflation,” Daniel Osorio, president of New York-based Andean Capital Advisors, which advises money managers on Latin America, said Thursday at a debt conference in Washington. “Sooner or later, it pushes you out.” I hate to sound pessimistic, but if the debt crisis in the USA is not addressed very soon, we will experience the exact same fate as Venezuela once the dollar loses its status as the international reserve currency. It doesn't matter who will be President; it is unavoidable. This is the Achilles heel for the USA and I think this will be a key component for the rise of an AntiChrist figure. How ironic this debt conference took place in Washington. Safe in the Father's Arms!
hmm, possibly someone currently in Washington and with access to RFID chip technology. Maybe Jewish and oozing charisma. Just a thought.
Mario, I think you are right about the USA's debt crisis, it needs to be addressed very soon. I also think that many nations besides the USA will be in similar trouble soon if they don't address their debt crisis soon. The last article/video that I'm posting below includes a "solution" to curtail the USA's spending. *** I am sure that many of you have seen the news about Venezuela today... Venezuelan opposition leader Juan Guaidó's call for military uprising draws reactions from US, world leaders Venezuelan opposition leader Juan Guaido took to the streets on Tuesday, calling on citizens and the military to back him in the “final phase” of the interim president’s plan to end the regime of President Nicolas Maduro. Apr 30, 2019 Venezuela political crisis deepens as opposition calls for military uprising Venezuelan opposition leader Juan Guaidó took to the streets with a small contingent of heavily armed soldiers early in a bold and risky call for the military to rise up and oust socialist leader Nicolas Maduro. Apr 30, 2019 Venezuela’s Guaido calls for military uprising while flanked by soldiers at Caracas airbase: ‘The moment is now’ The power struggle between embattled Venezuelan President Nicolas Maduro and the opposition met its most bold action on Tuesday when Juan Guaido called for a military uprising to oust the socialist leader. Apr 30, 2019 The Latest: Venezuelan govt says it is putting down coup bid The Latest on the political crisis in Venezuela (all times local): 6:35 a.m. Apr 30, 2019 *** Erik Prince pushing for private mercenaries in Venezuela to break stalemate: report The founder of the private security firm Blackwater is pushing for a plan to deploy a group of mercenaries in Venezuela to support the people’s efforts to topple Socialist dictator Nicholas Maduro, according to a report.... But a person familiar with the Trump administration’s thinking told Reuters it’s unlikely the White House would support Prince’s plan. A spokesman for Prince, meanwhile, insisted that Prince “has no plans to operate or implement an operation in Venezuela.”... Apr 30, 2019
Live by the sword, die by the sword. The Freemason Guadio has chosen to pick up the sword in his lawlesss attempt to overthrow the legitimate authority in Venezuela; this is not going to end well for him or those who support him. The Neocons have still not been dealt Justice for their violent coup in Ukraine, nevermind their decades of unjust warmongering from the Balkans to Syria; but God's Justice is always worth the wait. Trump's support for this Neocon lawlessness will also be his undoing. And its sad to see a self-professed Catholic like Erik Prince whore his services out to the Lawless Neocons.
It is almost incredible how Cuba, Russia and China are involved in Venezuela given the prophecies from Our Lady of Fatima on Russia and Our Lady of Garabandal on communism.
What's even more incredible is that the founder of Communism, Moses Hess, was also the founder of Zionism, and it is the Neocons who are the cause of the violence and conflict in Venezuela, Ukraine, Syria and it is the Neocons who have brought us to the brink of a new war with Russia. Communism has come again, just not in the way you were expecting.
Mario, you are speaking my thoughts at this time. After reading Mark Mallett's latest blog https://www.markmallett.com/blog/2019/04/29/the-last-hour/ where he speaks to what he has been given in his heart for the past 7 years as follows: Jesus has shown to me over and over again the past seven years that a Great Storm is coming—like a hurricane. [9] It is the definitive opening of the Seals of Revelation. [10] “First the economy…” I sensed Our Blessed Mother telling me in 2008; “…then the social, then the political order.” That is, the world’s economy, then the social, then the political orders of the world are going to collapse. They are the labor pains of a Global Revolution. [11] The Seals areburied within that simple sentence. It is no secret that Russia, China and North Korea are itching to nuke the US, but first will come the collapse of the US economy, which as everyone knows is indebted to China and they along with many others can/will collapse the US dollar. Then the social and political collapse of the US. Think it can't happen? I have no doubt it can. There is many credible prophecies out there that speak to this happening. One strong message on this comes from Jennifer's message that her spiritual director felt compelled to highlight on her web site for a long time www.wordsfromjesus.com which said: 5/22/12 7:43 PM My child, I say to My children that mankind relies too much upon himself and it is there that you become the victim of your own sinfulness. Heed to the Commandments My children for they are your entrance into the kingdom. I weep today My children but it is those who are failing to heed to My warnings that will weep tomorrow. The winds of spring will turn into the rising dust of summer as the world will begin to look more like a desert. Before mankind is able to change the calendar of this time you will have witnessed the financial collapse. It is only those who heed to My warnings that will be prepared. The North will attack the South as the two Koreas become at war with each other. Jerusalem will shake, America will fall and Russia will unite with China to become Dictators of the new world. I plead in warnings of love and mercy for I am Jesus and the hand of justice is soon to prevail.
I’m watching Fox News..Venezuela is heating up! Russia is involved. I don’t understand the politics of it, but it looks like trouble....pray.
I think what Ma Esperanza meant by “it will begin in Venezuela” - is that justice and an end to communism in that hemisphere will begin in Venezuela. The unveiling of how corrupt and evil socialism is has begun through Venezuela. Bernie Sanders today looks foolish not supporting Guaido. People are starving under this totalitarian regime and Sanders still considers Maduro’s government relevant. Ludicrous.
Our Lady appeared to Maria Esperanza on March 25, 1976. She came as Mary, Virgin and Mother, Reconciler of People and Nations. She received this message: “Daughter, here you have me with my hands enriched with graces and covered with splendors of light, to call all my children to conversion; this is the seed of glory I offer as ‘MARY RECONCILER OF PEOPLE AND NATIONS’, for I come to reconcile all of you. Reconciliation is the inheritance of divine brotherhood of My Divine Son! Daughter, tell my message to all. I will keep you here in my heart from today on and forever!” On March 25, 1984--the same day that Pope John Paul II consecrated the world to the Immaculate Heart of Mary--- in Betania, Venezuela one hundred fifty people from all walks of life, old and young, saw the Virgin Mary distinctly. She appeared to all those who were there. Our Lady manifested herself under the title: “Mary, Virgin and Mother, Reconciler of all Peoples and Nations.” The eyewitness accounts led the Bishop of the Diocese, Monsignor Pio Bello, to conclude that the apparitions at Betania were authentic and of a supernatural character. He allowed pilgrimages, prayer, and the Mass to be celebrated there. The apparitions were approved in 1987 by Bishop Bello, in consultation with then Joseph Cardinal Ratzinger, Prefect of the Congregation for the Doctrine of the Faith who was elected Pope Benedict XVI on April 19, 2005. Maria was a friend of both Padre Pio and Pope John Paul II. Maria made accurate prophetic statements predicting the September 11th attacks and warned against going to war over the attacks. She credited the United States for pressuring South America against trending toward socialism and urged the U.S. to remain a force for goodness in the world. Maria foretold that Venezuela would undergo strife. She prophesied, “We will live days of darkness, shadows, light , strength of the spirit, and awareness. Yet in all this, Venezuela will succeed. We must prepare ourselves with much prayer.” Before she died, Maria encouraged the formation of communities dedicated to prayer for the reconciliation of people and nations. Besides the Betania community in Venezuela, Mrs. Bianchini confirmed a site for the Betania II community in New Jersey which is a place of refuge for bringing souls to God. Maria Esperanza asserted “There will be Betanias all over the world.” True to her prophecy, Betania Communities and prayer fellowships have come into existence. To date there are 18 Betania Prayer Communities around the world and growing. Maria spent the last years of her life suffering from a Parkinson’s disease-like illness. Maria died on August 7, 2004 at Southern Ocean County Hospital near the New Jersey shore. The report was that after her death, the room was filled with a strong fragrance of roses. The cause for the sainthood of Maria Esperanza has been opened by the Diocese of Metuchen, New Jersey on January 31, 2010. At present she is known as Servant of God Maria Esperanza Medrano de Bianchini.
Moses Hess was not 'the founder of Communism'. He was perhaps (?) ONE of the earliest enthusiasts for the philosophy of Marx and Engels but ultimately rejected the idea that 'class war' was the basis of history and favoured the idea that 'racial war' was a more significant component. Hess was certainly a Zionist but (definitely not THE FOUNDER) and some of us do not regard this term as pejorative especially in the light of the holocaust. Perhaps Hitler was really the founder of militant Zionism.
Thank you for this post! I needed a refresher on this. I spoke to a man who was witness to seeing Our Lady when she appeared to groups of people in Venezuela....he had tears in his eyes as he spoke of seeing Our Lady. I believed every word...he was overwhelmed! Many people in Venezuela witnessed seeing Our Lady!
