In a development that underscores the surreal collapse of Venezuela’s social infrastructure, the Caracas Country Club has been commandeered as an emergency medical facility. British aid workers, flown in on a hastily arranged charter, are now triaging patients on what was once the 18th green. The irony is not lost on the markets: a symbol of oligarchic excess now repurposed for basic healthcare.
This is what happens when a government prints bolivars faster than it can deliver insulin. Capital flight has already priced in the regime’s endgame. Gilt yields remain unmoved, but the pound should watch for contagion.
Fiscal responsibility is not just a virtue. It is a survival instinct.
