Comments by "Jack Haveman" (@JackHaveman52) on "BBC News" channel.

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  5.  @youaake  Sanctions didn't start until 2015, only 4 years ago. The country was already spiralling out of control. A cursory google search will tell confirm this. It would also confirm that the US is still Venezuela's biggest trading partner. However, you'd rather advance your cause against the US than find out what is truly going on in that country. Read my previous comment on the toilet paper shortage in 2013. It wasn't lack of trade that caused it. It was the government policy of fixing prices that was the issue and that product was being purchased by merchants at a higher price than what they could sell it for. Anyone with any degree of math skills will tell you that this isn't going to work for very long. In fact, Chavez appeased the anger of the people by buying toilet paper at inflated prices and then sold it to the people at the fixed price that caused the problem in the first place. Where did he get the money? From the oil revenue that the nationalised oil company generated. He solved the immediate problem through the use of world trade. This is only one example of what that government was doing that destroyed their economy. Now, they're in serious trouble. There is no way out but through drastic measures and that has to be done whether the US is involved or not. A country, just like a private household, cannot survive if it spends more than it makes. Mike Tyson is a prime example of this. The man had millions....but he's broke. Venezuela did the exact same thing the Tyson did, except at a larger scale.
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