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Venezuela – When the World Doesn’t Need a Country

Touch the Soil News #946 (Feature photo – Venezuela Coat of Arms – CCA SA 4.0 International) Venezuela is in the news again – the country is starving. In this South American nation of 32 million people, 90 percent live in poverty. In 2017, studies have shown that on average, Venezuelans have lost 24 lbs. of body weight last year. The nation, rich in oil resources, can sell enough at a price to sustain itself. The nation is trying to food-garden itself to prosperity with limited success. Back in the 70s, Venezuela was one of the wealthiest nations in Latin America. So what do you do when the world doesn’t need…

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Food Calamity Takes Over a Nation

Touch the Soil News #534 Critics around the world are blaming the hunger crisis in Venezuela on its socialist government and how Venezuelan President Nicolas Maduro is ruling the nation through presidential decrees. While politics certainly play a role in a nation’s level of prosperity, let’s not kid ourselves – it’s all about the money. A few years ago, Venezuela – as one of the world’s leading oil producers and exporters – was in the money. Oil income was used to subsidize the nation’s poor. Today, one in three Venezuelans lives in poverty – unable to find work to finance the basics. The unprecedented collapse in oil prices simply dried up the…

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What Else Could Go Wrong?

Touch the Soil News #393 In a recent (May 23, 2016) story, the Miami Herald reported that hunger is stalking Venezuela with only 54 percent of people eating three meals a day. Rich in oil, Venezuela historically used foreign oil sales to finance food at home. With two years of very low oil prices, food in Venezuela has taken a big hit. Food lines and food riots are not uncommon. On the hot seat is Venezuelan President Nicolas Maduro – governing with a strong arm, he can’t find a way to fix food in his country. (Photo CC0 1.0 Universal Public Domain) A poll by DatinCorp in April found that…

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Venezuelan Food Crisis Shapes an Interesting Experiment

Touch the Soil News #325 Foreign ministers from 12 South American Nations have agreed to help Venezuela overcome chronic food, medicine and other critical products shortages. Venezuela, one of the world’s largest oil producing nations has materially tied its fortunes to oil exports. Low oil prices means Venezuela is at starvation levels for want of foreign exchange reserves. Without money, the nation cannot import (buy) what it needs. The present Venezuelan economic downturn is the worst in the nation’s 200 year history. So here is the question: If money is short – how do you feed yourself? We touched on the Venezuelan food crisis recently in Touch the Soil news…

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