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There's a huge rogues gallery of criminal elements within the regime. So stepping down and sort of seating power voluntarily and saying, well, we've had our run, now it's

your turn, may not really be an option for these guys. You're listening to War College, a weekly podcast that brings you the stories from behind the front lines.

Here are your hosts.

Matthew Galt. Venezuela is melting down, and that's not an exaggeration.

The local currency is nearly worthless.

Production of oil, which is the nation's lifeblood is falling.

The socialist government, largely responsible for the nation's lifeblood is falling, the socialist government, largely responsible

for the nation's problems, isn't going anywhere.

Millions of people are fleeing the country,

adding to regional instability,

and it's not like Venezuela's neighbors need any help in the

Instability department.

So how did we get here?

Foreign policies Keith Johnson, who covers energy and wrote a fantastic article on Venezuela joins us. Welcome Keith.

Hey good to be here. So can we just start off with how bad things are in Venezuela?

They're pretty dire. You know, we wrote the piece in the July issue, so a lot of the

reporting for this particular one was done in the spring, and I mean just anecdotally,

...