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Did Venezuela’s State-Owned Bank Collapse?

By Jose 

Recently, the news in Venezuela has been all about the collapse of the IT system of a state-owned bank. State-owned = no responsibility. They own the justice system, and the district attorneys are there to block any initiative to protect the citizens from events like these. So, yes, the situation is much worse than you could imagine. No one knows if their money will be there once the systems are back online.

Bank holidays” are common in an economic collapse. About a decade ago this happened in Greece.

Wise people were prepared with the right goods

The features and traits of the Venezuelan collapse are pretty unique, however. Unlike some other countries in similar circumstances, we have not engaged in a full-scale rebellion, nor do most people wish for one.  We are getting by with what we have.

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