A coup taking down Venezuelan president Nicolas Maduro would be only the first step to get the South American economy back on track. Shock therapy will be required to reverse the chaos of a state-run system that wasted its oil riches.
The government of President Nicolas Maduro halted the publication of economic indicators in 2015 as the OPEC nation's socialist system began to unravel in response to the global decline in oil prices.
A Venezuelan general called on the country's armed forces on Sunday to rise up against President Nicolas Maduro, who has relied on the backing of the military to hold on to power despite an economic collapse.
U.S. Vice President Mike Pence is set on Tuesday to offer new incentives to Venezuela's military to turn against President Nicolas Maduro, responding to an attempted uprising that fizzled out last week, a senior administration official told Reuters.
Gold prices slumped to an over four-month low on Thursday after the U.S. Federal Open Market Committee (FOMC) axed any hopes for a rate cut in the near term, subduing demand for the non-interest bearing bullion.
Venezuelans were expected to take to the streets on Wednesday for what opposition leader Juan Guaido pledged would be the "largest march" in the country's history.