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Message: Venezuela most miserable.

Ever wonder why our share price goes down after the award which should make it rise?

Chance of collection is going down:

https://ca.finance.yahoo.com/news/why-venezuela-most-miserable-country-221046708.html

Why Venezuela is the 'most miserable' country in the world, again

For the second year in a row, the once proud and prosperous Venezuela has topped the annual index of misery compiled by The Cato Institute
By Linette Lopez Fri, 23 Jan, 2015 5:10 PM EST

Venezuela garnered 106.3 points on the Misery Index. Behind it, Argentina took the No. 2 spot with an even 68 points. Quite the difference.

What makes them similar, though, is that both are plagued with the same main problem, according to Cato: consumer price inflation. Venezuela's inflation rate sits at over 60% while Argentina's comes in at about 40%.

This isn't new. Venezuela's inflation rate has been high for some time. At this time last year people were filing into long lines to enter government grocery stores where items might not even be on the shelf. These days they can wait for up to six days to enter a store.

On that issue, the government has been in total denial.

In February 2014 there were massive demonstrations with hundreds of thousands of people taking to the streets.

Political opposition leaders, like Harvard-educated Leopoldo Lopez, were jailed. Others, like Maria Corina Machado, are wanted for treason.

So the situation has been perilous for some time. Oil falling off a cliff was the last thing the country needed.

Creditors are watching. When they look at the situation this is what they see: the likelihood of a default and total restructuring of the country's debt increasing by the day.

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