so in a very short time the poverty rate in venezuela doubled by nineteen ninety five . 66% of all venezuelans werehe impoverished. getting poorer tends to make voters radical. so inevitably venezuela gotbl radical politics. what happened next ? venezuela is now rated one of the most miserable places on planet earth. a few years ago, citizens in caracas were reduced toos eating zoo animals. there was no n food and for that matter there was no electricity. so in just half a lifetime an advance of society had reverted to the stone age. the states is not in danger of becoming venezuela next week, but we are moving closer to it . inflation is a big part of the reason of all a the economic crises a country can face. inflation isla the most dangeros inflation doesn t just make people poor. it totally destroysn their confidence in their leaders. the authorities who issued the now worthless currency they re using for toilet paper u inflation is not an act of god like a droughtin or a
true of inflation across every major sector of the economy. accio is reporting tonight that quote, inflation is pushingng i prices higher and higher in somegher of those costs may never come back down to the levels americans accustomed to before the pandemic. b more than halff the ceos in thib country publicly predict the recession is imminentlict. that s what they re saying in public. i imagine what they re saying in private. morgan stanleyeysare i says thes a twenty seven percent chance we get a recession in the next 12 months. that s up from five percent just two months ago. so that s. scary.t but o the scariest fact of all, we appear to be running out ofut energy o. s congressom never passed the gren new deal, but we somehow got it anyway. and here the results according to wall street journal quote to texas tonia indiana, electric grid operators are warning that powerer generating capacitp is struggling to keep up with demand that gap could lead to rolling blackouts during heat wav