Venezuela is a rich country, but one wouldn’t know it based on the current economy. According to the Latino Show Magazine a possible inflation rate of 720% could be seen in the next year. This isn’t the worst of what could take place in Venezuela. The country is set for a hyperinflation. This is a time when prices will soar higher than ever and in a world-record setting. It could be in a total chaos as some politicians have explained. There needs to be several policies set as stated by Ms. Luque, in place for the economy in order for people who live there not to see the high inflation rates. Even if there are conditions set in place and changes in he way of the economy, there is still a high likelihood that inflation rates will be at an all-time high in the next 12 months. There has been no Latino government that has been able to survive these drastic rates.