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Hugo Chavez Dies
Father of socialist revolution dies from cancer, vice president Nicolas Maduro takes over -
Oil Falls
World oil prices fell, Venezuela's revenues fell and imports causing food and medicine shortage -
Opposition Gains
Right led opposition won control of the legislature in elections, Maduro resists lawmakers efforts to legislate against him -
Referendum fails
Maduro resists efforts to remove him before the end of his term -
Hyperinflation & Collapse of Currency
foodstuffs are now on black market 15 times the normal cost -
Government Handouts
Government resorts to handouts and schemes rather than economic reform, asking families to grow food and breed rabbits and chickens -
Protests
Supreme Court seizes power from legislature, reverses decision after international outrage. Authorities ban Capriles from politics. Street protests and killings result. -
Price Controls
Price controls set to make food available to poor people backfire. Prices set below production costs forcing producers out of business -
Looting
Looting continues currently, shops picked clean, trucks and fishing boats swarmed and looted. Venezuelan people losing weight and dying of hunger. -
Nicolas Maduro re-elected
Maduro re-elected for another 6 year term. Crisis has no end in sight.