RE: A world of chaos = we all get cash from chaos = if? Venezuela - SPEAK UP PLEASE.

[shepz1]

Another fascinating insight into a country I can not get to visit at the moment, thank you for the honest reply.
The information we get outside the country is conflicting to say the very least, half of the world seemed to be extolling the virtues of socialist Venezuela including the UK with Jeremy Corbin until not very long ago, though it seems to be changing now, and I only noted Russia and China not agreeing with the new president, the rest of the world seems more willing, if it is any comfort or of any long term help, I have no idea as yet. Stay strong my friend. And thank you for the reply.

Comments

[sashy]

Tnak you very mucho, there a lot of interest of of Russia and China, they have business with Maduro goverment a lot of oil debts.

[shepz1]

Yes I have read about the repayments in oil to both of the above.

[bifilarcoil]

How much money do they get per gallon? And how much gallons are being shipped?

[shepz1]

Lots, though China always seems to get theirs on time, the same can not be said for Russia.

Venezuela has struck oil-for-loans deals with China and Russia, and those countries together have lent Venezuela at least $50 billion in exchange for promised oil and fuel deliveries.

https://www.cnbc.com/2017/05/26/why-the-venezuelan-government-is-throwing-its-people-under-the-bus.html

[bifilarcoil]

I just learned something thats interesting:

Lastly, Venezuela won't default on its debt because "many high-ranking government officials and their associates are bondholders," said Moya-Ocampos of IHS, who noted it's "not too common" for high-ranking officials to own their country's debt.