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Who embarks on an austerity program before going bankrupt?
Certainly not Trump.
originally posted by: Slichter
Oct 6 2018 global oil prices peaked near $75 a barrel.
Truth is that oil prices are choreographed in advance.
My guess is that Venezuela projected their budget based on $80 a barrel oil and are at a severe shortfall near $50.
Bank of England is rationing Venzuela's 8 billion in gold reserves according to the media.
Could mean current Venezuelan leadership was trying to raid the national piggie bank rather than responsibly allocate reserve spending.
Actually Venezuela is kind of a microcosm for fiscal responsibility.
Theoretically the current US border problem could be solved by just printing more currency to cover the cost of services for open border asylum seekers. The US national debt is so yuge already it would probably have to be defaulted on anyways if current trends continue. That is what one of my friends that belongs to Mensa thinks.
Who embarks on an austerity program before going bankrupt?
Certainly not Trump.
originally posted by: AndyFromMichigan
The only thing "staged" was Maduro's sham re-election. There is every reason to consider it illegitimate, and Venezuela's constitution says that if a vacuum of power exists, then the head of parliament (Guiado) becomes the acting president.