VENEZUELA ON THE BRINK OF BANKRUPTCY

According to the International Monetary Fund, inflation will hit 650 percent this year and a whopping 2,300 percent in 2018. The country  has failed to make about $ 200 million in loan repayments. For Standard & Poor’s the country is in “selective default.” Experts worry this is the first sign that Venezuela’s wobbly economy is close to full collapse. The whole country of Venezuela is bankrupt.