Posted on 05/31/2017 4:01:45 AM PDT by Nextrush
Opposition leaders in Venezuela have strongly criticized the investment bank Goldman Sachs for buying $2.8 bn (2.1 bn pounds) of government bonds.
Opponents of embattled President Nicolas Maduro say the move has given his government a financial lifeline....
"Goldman Sachs' financial lifeline to the regime will serve to strengthen the brutal repression unleashed against the hundreds of thousands of Venezuelans peacefully protesting for political change in the country," said Julio Borges, head of Venezuela's Congress, in a letter to Goldman Sachs president Lloyd Blankfein.......
(Excerpt) Read more at bbc.com ...
Lenin said the capitalists would sell the communists the rope they would be hung with.
The John Birch Society has told us over the years the big bankers are promoters of Communism. I bought that when I was a teenager.
Perhaps the Globalists, Corporatists, Big Bankers whatever just want "stability" in the country.
That notion is scary enough.
The Organization of American States meets later today.
There will be 20 foreign ministers including Secretary of State Rex Tillerson will be considering the situation in Venezuela.
Opposition protestors will be on the streets, too.
Protestors will start from 17 different points in Caracas beginning at 10am and no doubt the repressive forces of the government and its police and thugs will be there as well.
President Trump met with Lillian Tintori, the wife of political prisoner Leopoldo Lopez, earlier this year and called for the release of her husband.
Lets hope things move in a better direction.
The same bankers are maintaining the façade here in the US; this socialist welfare state is unsustainable without borrowing further and further into the future. Puerto Rico is the most obvious case, and CA, NJ, NY, and IL aren’t far behind.
Anyone looking at the larger picture can see that those expected to pay this debt (working Anglos) won’t even be here in a few generations, and too much of the remaining population won’t be contributing anything - while enjoying more entitlements than any previous generations.
Meanwhile, if this article is to be believed (warning: from the NYTimes)—Trump is considering Cohn (NY Democrat and longtime president of Goldman Sachs, turned Trump’s NEA) as a new CoS? Yikes! More Jivanka winning! Likewise Obama’s head of the TSA as his FBI nominee? Ouch! Likewise reports that David Urban, reportedly and hopefully joining the admin, was seen out (being interviewed?) with Ivanka. More ouch!
Come on bro. You know that NJ and NY SEND more to DC than they get.
Not many states do :)
anyone know if they were issued in US Dollars?
I don’t think anyone would buy them otherwise.
It would be nice if our posters would take a step back and look at what this is.
They did NOT buy the debt from the government, they bought it on the secondary market, from another owner, likely a bond mutual fund or something similar.
Therefore, there is no net money that goes to the Venezuelan government.
And most importantly, if they are buying it means in all likelihood they are speculating on the overthrow of the Maduro government and the instituting of one that will get the nation back on the path to prosperity.
This is NOT a lifeline, it is a secondary market speculation, NO NEW MONEY to the Venezuelan government. If it had been a discounted note from the government I’d be the first to lead the storming of the Goldman headquarters.
Daniel Duquenal in Venezuela and other opponents of the regime there from the leaders like National Assembly President Julio Borges and Enrique Capriles to the millions in the streets see it 100 percent differently than you do.
I’m married to a Colombian . . . trust me, it’s a rare Latino that understands financial markets. Most of their investments are in real estate, they’re pretty ignorant of how this stuff works.
I understand that, but NJ and NY have no hope of meeting their pension obligations - and the evacuation of Americans from those states are making it much worse. First you are losing the base of taxable companies and individuals, and then you can never attract employers back because you have no skilled workers.
The government employee unions (particularly teachers) have spent these states into permanent poverty. Who want to move here when that just means buying a share in a huge IOU?
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