Comments by "Harry Mills" (@harrymills2770) on "Video From Venezuelan Supermarket Exposes CNN Lies" video.
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Capitalist class causing hyperinflation? No. More like, Maduro's approach is Ocasio-Cortez's: We'll print however much we need to do what we want.
Forbes published an article in 2014 that seemed to cover how Chavez and his successor, Maduro, just saw the oil as a cash cow, and it's more like rainy day money. Due to the difficulty of extracting and refining that thick crude they have, they need the price of oil to be at least $100 per barrel. Or they did, in 2014, when the article was written. Two oil companies that wouldn't go along with Chavez got nationalized, if my understanding is correct, and Chavez got on the wrong side of the people with the expertise to handle Venezuela's unique situation.
The writer said that the Venezuelan president(s) didn't understand how much up-front money, time, and technology it took to keep the oil flowing. And it's more of a long game, because you want to be selling when the price is high.
Something no one talks about is how invested the Chinese and Russians are in Venezuela. Part of why Venezuela had any oil money was all the eager investors, willing to jump in with both feet and get the oil flowing. And with prices what they were, they generated a lot of revenue. The socialist president saw all that revenue and started acting on his promises. Everybody was thrilled. But after the current slug of oil was tapped and they needed to develop more, the money wasn't there, and production dropped off. The "evil frackers" like it at or above $90 a barrel, which is on the low end of profitability for Venezuela. Basically, they overspent, I think.
That's what happens. Anyhoo, they were having problems clear back when Hollywood thought Trump was a Democrat.
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The Russians and Chinese probably have a right to be kinda pissed, right now. Maduro's the guy they made their deals with. The Russians, I know, have a lot invested, and some number of properties and installations become theirs, if Venezuela can't pay her bills, or there's a radical change of government. They can't like the American saber rattling. They can't like seeing Abrams, Bolton and Pompeo in Trump's circle.
I half believe that the neocons who appear to be influencing Bad Orange Man are only there for posturing and bargaining purposes. Trump may be the greatest salesman of all time. And a good salesman will tell you 'most anything to hear you say "Yes," in return.
Ask for the moon and the stars, and "settle" for a stack of gold bars.
That's what he does. He'll be adamant, one day, just to make something THE ISSUE, and then reverse himself on, for instance, DACA. He'll stick a thorn in your paw just so he can be the guy who takes it out. One day it's "fire and fury such as the world has never seen," and the next, he's the first president to meet face-to-face with the North Korean premiere since the partition.
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