Comments by "Harry Mills" (@harrymills2770) on "Video From Venezuelan Supermarket Exposes CNN Lies" video.

  1. 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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