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Given that there are general threads on Japan, Brazil, Greece, China , Italy, Germany and Australia, it's only fair to have a Venezuela general thread. Venezuela may not be a significant economy thread compared to the aforementioned, but it's not insignificant. An oil rich nation with such levels of poverty is unheard of. Venezuela is probably a major historical event that demonstrates the world how not to run an economy. The middle class of Venezuela has been decimated, the poor are waking up (some anyways, there's always the gib's me that crowd). The rich left long ago. Some relevant videos: http://www.housepricecrash.co.uk/forum/index.php?/topic/101429-australia-faces-its-demons/