Although I have done my best to try and describe most of what we have gone through, I realize there are some gaps that I should cover, and new readers that could benefit from an update.

Let’s say it plain and simple:

What were the factors that led to the economic crisis in Venezuela?

1. Currency control
2. An incredible level of corruption
3. The seizing of the public institutions

These are the root causes. Everything started because of these three criminal actions. We did not need a currency control. With a proper monetary adjustment and tying our currency to the USD or Euro, it was enough. They needed it to launder illegal money and to avoid people getting wealthy with their trade. They needed a poor population, depending on a bag of food issued by the seized State.

I think we are about to face this situation in many countries, so it would be very useful for any fellow out there to learn from our experience.

How did it begin?

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