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Response to PeeJ52 (Reply #21)

Mon Feb 11, 2019, 02:24 PM

22. Can "fair.org" be used on DU's LBN section?

And if not why would that be?

I'll trust BBC, Reuters, The Guardian, etc...or is mainstream press "fake news" like Trump says?

The "sanctions" angle is strict nonsense, until last month the only sanctions were against a few govt officials that had been violating human rights. That in no way stopped Venz from buying whatever they could afford from any country on the planet.

To say Venz's biggest trading partner for exports AND imports was waging economic warfare is silly at best.

In spite of strained relations between the two countries, the United States has been Venezuela's most important trading partner. American exports to Venezuela have included machinery, agricultural products, medical instruments and cars. Venezuela is one of the top four suppliers of foreign oil to the United States. About 500 American companies are represented in Venezuela.[16] According to Central Bank of Venezuela, between 1998 and 2008 the government received around 325 billion USD through oil production and exports in general.[17] According to the International Energy Agency (as of August 2015), the production of 2.4 million barrels per day supplied 500,000 barrels to the United States.

https://en.wikipedia.org/wiki/Economy_of_Venezuela

Here is the real problem:

Since the Bolivarian Revolution half-dismantled its PDVSA oil giant corporation in 2002 by firing most of its 20,000-strong dissident professional human capital and imposed stringent currency controls in 2003 in an attempt to prevent capital flight,[19] there has been a steady decline in oil production and exports and a series of stern currency devaluations, disrupting the economy.[20] Further yet, price controls, expropriation of numerous farmlands and various industries, among other disputable government policies including a near-total freeze on any access to foreign currency at reasonable "official" exchange rates, have resulted in severe shortages in Venezuela and steep price rises of all common goods, including food, water, household products, spare parts, tools and medical supplies; forcing many manufacturers to either cut production or close down, with many ultimately abandoning the country as has been the case with several technological firms and most automobile makers.[21][22] In 2015, Venezuela had over 100% inflation—the highest in the world and the highest in the country's history at that time.

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PeeJ52 Feb 2019 OP
diddlysquat Feb 2019 #1
EX500rider Feb 2019 #4
PeeJ52 Feb 2019 #8
EX500rider Feb 2019 #12
PeeJ52 Feb 2019 #2
Farmer-Rick Feb 2019 #3
EX500rider Feb 2019 #5
PeeJ52 Feb 2019 #7
Farmer-Rick Feb 2019 #28
EX500rider Feb 2019 #29
malaise Feb 2019 #6
diddlysquat Feb 2019 #9
EX500rider Feb 2019 #10
PeeJ52 Feb 2019 #14
EX500rider Feb 2019 #15
malaise Feb 2019 #25
EX500rider Feb 2019 #27
malaise Feb 2019 #24
PeeJ52 Feb 2019 #11
EX500rider Feb 2019 #13
PeeJ52 Feb 2019 #16
EX500rider Feb 2019 #17
PeeJ52 Feb 2019 #19
EX500rider Feb 2019 #20
EX500rider Feb 2019 #18
PeeJ52 Feb 2019 #21
LineLineLineLineLineReply Can "fair.org" be used on DU's LBN section?
EX500rider Feb 2019 #22
PeeJ52 Feb 2019 #23
EX500rider Feb 2019 #26
PeeJ52 Feb 2019 #30
EX500rider Feb 2019 #31
EX500rider Feb 2019 #32
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