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Venezuela Could Explode at any Moment

As Venezuelan President Nicolas Maduro threatens to take over idle factories and jail the owners in light of a deepening economic and political crisis in the oil-rich South American nation, Venezuela's opposition is warning that the country could explode at any time.

Venezuela is slipping deeper into economic and political uncertainty brought to wrought by years of socialist economic mismanagement, a current drought, falling oil prices and the totalitarian actions of the current regime that has sought to stifle all opposition while jailing many dissenters. Food and basic home supplies are scarce in the oil-rich nation. Energy blackouts have become common place. Some Venezuelans have resorted to looting and plundering food and supplies.

Maduro has blamed all others except himself and his regime for Venezuela's woes. On Friday Maduro gained expanded powers for 60 days to act in the face of a deep economic crisis. With his new decree, the socialist leader has threatened to take over closed factories and jail the owners. But economic tides have pushed many Venezuelan factories to close. The largest food and beverage distributor, Empresas Polar, according to the Associated Press(AP), shuttered its last plant last month citing an inability to access hard currency to purchase raw materials.

But Maduro has claimed that such actions amount to an economic war by the "bourgeoisie" to force him from power. Yet, a recall petition of the president by the opposition which gathered 1.8 million signatures, remains stalled before the National Election Council in Venezuela with Maduro's ally, Jorge Rodriguez, promising that the referendum will not take place.

In response to Maduro and his accomplices, opposition leader Henrique Capriles has warned: "If you obstruct the democratic way, we do not know what could happen in this country...Venezuela is a bomb that could explode at any moment," the AP reported.