> the entity that backs it has no integrity. Funnily enough, one of the most perplexing thing about Venezuela's disintegration is that they haven't defaulted o

> the entity that backs it has no integrity. Funnily enough, one of the most perplexing thing about Venezuela's disintegration is that they haven't defaulted on any bonds, even though they're paying exorbitant interest rates. See https://www.bloomberg.com/news/articles/2016-07-04/venezuela-refuses-to-default-few-people-seem-to-understand-why https://www.bloomberg.com/news/articles/2016-07-04/venezuela... They're going to run out of money to pay bondholders soon, though.