The Future Economic Implosion of Venezuela Predicted by Futurist

One futurist in the United States is very closelypeople and soon they will not have the money to pay
watching Venezuela make mistakes and predicts thefor it. Oil prices also have come down and if they
complete collapse and economic implosion of theremain under $50 a barrel Venezuela's oil will not be
Communist Nation State of Venezuela. But how couldworth enough on the open market to fund all their
that happen, as Venezuela is rich in oil you ask? Wellambitions.
easily really, you see Venezuela has a state run oilAdditionally, there are other people in the Venezuelan
company, which is highly inefficient and their productiongovernment who are pretty high up, which are just
is down by nearly 50% and Hugo Chavez is notwaiting for Hugo Chávez to make a big
minding the store but rather jet setting around themistake and they will take over. During the change
World talking to third world dictators.management crisis and the economy failures
What else has happened? Well the VenezuelaVenezuela may be in a situation that they cannot get
Government has promised more than it can give inout of. As things come together and the future
support to local trading partners, while upsetting thepresses on Venezuela and their relationship with Iran
United States of America. They have also overwill also severely hurt them and this is why the futurist,
promised what they can deliver to the Venezuelanme, believes that Venezuela's economy will implode.