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GatoGordo

(2,412 posts)
5. And, since they cannot import the raw materials, they will produce... nothing
Wed May 16, 2018, 11:43 AM
May 2018

Putting the factory in the hands of "el Pueblo" does nothing for the underlying problem.

There is no raw materials, because Venezuela doesn't create them (grains, sugar, etc)
They cannot buy the raw materials abroad, because the brokers don't accept Venezuelan credit, nor currency.
Maduro will not release to anyone the cash (dollars, Euros, etc) needed to buy the raw materials.

It will be interesting to see how much food product AgroPatria (the "new", nationalized Kelloggs) will pump out in the next week? Kelloggs couldn't purchase raw materials... I wonder where Maduro will get them from? Maybe the same source he gets his "powdered malk" (milk powder and chalk powder)... China? Except China isn't accepting VZ credit anymore either!


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