Venezuela economy has collapsed

161 views · Published 27 May 2016 · 14:39 · Indexed 31 October 2026

Channel: Harold Jackson · 2016 · Education

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Venezuela economy has collapsed May 5th 2016
Harold Jackson reporting



Could this happen to America? Most people that don’t keep up with what is going on around the world would disagree with me. What is happing in Venezuela could and will happen in the USA if something is not done fast to stop Government spending. 

The banks are now loaning money again to people that do not qualify to get a loan. Wells Fargo Banks are now making Home loans for only 3 percent down and a credit score in the 600’s. 

We now have a credit card bubble, a new housing bubble, car loan bubble and the stock market is a sham! 

They are reports that there will be a news blackout in Venezuela. I think they will cut all communications with the rest of the world so no one can see what is going on in Venezuela.
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