As IBD said,
The only reason left to make a long-term investment in Venezuela is to bet that Hugo Chavez won’t be around long enough to rip them off again.
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Also mentioned in today’s podcast, Morocco shutting embassy in Venezuela in dispute, a rather bizarre bit of news,
RABAT, Morocco: Morocco is to close its embassy in Venezuela because of a dispute over the North African kingdom’s control of the disputed Western Sahara.
Morocco’s Foreign Ministry cited the “growing hostility” of Venezuelan authorities toward Morocco’s territorial integrity, a reference to the Western Sahara.
An Algeria-based rebel group known as the Polisario Front is trying to secure independence for the local Sahrawi population of Western Sahara and create a republic. Both the rebels and Morocco lay claim to the mineral-rich region in a dispute that has lasted more than 30 years.
Morocco also pointed to unspecified measures taken by Venezuela’s government “to support the phony SADR” — the Sahrawi Arab Democratic Republic proclaimed by the rebels — in its statement Thursday. Morocco’s Foreign Ministry said it was moving the embassy in Venezuela to the Dominican Republic.