While left and right play the blame game Venezuela has been exiled from the international community. It has been banished from international money markets and has been demonized by all sides. Venezuela today is no more a victim of its own political policy failure than it was twenty years ago. The country has been abandoned and crippled by US-endorsed economic sanctions.
Sweden and Switzerland bear many uncanny similarities: populations virtually identical GDPs and, logically analogous GDP per capita); Switzerland has a free-floating Franc, while Sweden’s currency is technically a managed float. Likewise, the two share diversified economies with similar principal industries and exports. So what's the big difference?
The white-knuckle Bitcoin ride continues. Those of you sensible enough to have listened to the Penny Post back when we were recommending it at $30 need read no further. For the rest of the media victims who hang on Jamie Dimon or Paul Krugman’s every word, you might want to stick around and get informed.