Venezuelan Inflation Approaches $1,000,000%

Venezuela continues down the path of total economic collapse. Citizens of the country continue to suffer from food shortages, a dreadful health care system, lack of clean water, and frequent electricity shortages. The demise of the oil rich nation is also affecting neighboring countries of Brazil and Colombia, where citizens often cross to obtain resources they can’t get at home.

All of this, being overseen by one of the most corrupt governments in the world, has led to inflation that could top 1 million percent by the end of the year. The government continues to print money in response, which only makes the problem worse. Venezuela is now on the path of resembling Germany after WWI and Zimbabwe at the beginning of the last decade.

Naturally, as strongmen leaders so often tend to do, Venezuelan President Nicolas Maduro has laid blame on the United States and Europe for economic sanctions that have crippled the Venezuelan economy. But in reality, one only need look to corrupt state run companies that rely almost exclusively on the oil trade to see the problem.