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Venezuela receives $5 bn funding from China
Yahoo ^
| Today
| AFP
Posted on 04/20/2015 2:09:24 AM PDT by dila813
Cash-strapped Venezuela has received $5 billion in financing from China, President Nicolas Maduro announced Sunday as his country struggles with an economic crisis.
"We just received $5 billion more in financing for development," Maduro said in a radio and television address.
(Excerpt) Read more at news.yahoo.com ...
TOPICS: Extended News; News/Current Events
KEYWORDS: venezuela
President Nicolas Maduro now has the money to invest in diapers and food for its people. No clue how he gets a return on that or how China will ever get its money back.
1
posted on
04/20/2015 2:09:24 AM PDT
by
dila813
To: dila813
The government will blow through $5bn in a couple hours and be left in the same situation. Injections of cash (whether to countries, states, or cities) never improve economic conditions -- that only happens through the wise investment of capital.
China never gets its money back, but it does gain another toe-hold in the Americas.
2
posted on
04/20/2015 3:17:16 AM PDT
by
BfloGuy
( Even the opponents of Socialism are dominated by socialist ideas.)
To: BfloGuy
3
posted on
04/20/2015 4:15:58 AM PDT
by
Paladin2
(Ive given up on aphostrophys and spell chek on my current device...)
To: BfloGuy
4
posted on
04/20/2015 4:18:18 AM PDT
by
Paladin2
(Ive given up on aphostrophys and spell chek on my current device...)
To: dila813
Toilet paper for everyone, comrades!
5
posted on
04/20/2015 4:51:22 AM PDT
by
Caipirabob
(Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
To: BfloGuy
In the same way the stimulus money here was used to payoff teacher’s healthcare (read benefits and salaries ) this money will be used the same way in Venezuela.
6
posted on
04/20/2015 5:11:54 AM PDT
by
rlmorel
("National success by the Democratic Party equals irretrievable ruin." Ulysses S. Grant)
To: dila813
In January, Maduro visited Beijing and said China had agreed to more than $20 billion in investments in Venezuela. Maduro did not say if the financing announced Sunday was part of that amount. It's so very Orwellian-chocolate-ration like.
7
posted on
04/20/2015 5:36:22 AM PDT
by
Flick Lives
("I can't believe it's not Fascism!")
To: Paladin2
Exactly.
China needs oil from every source it can get. I am sure they have conditions on what the money will be spent on. It is similar to them investing in Canadian oil production and its shipment east to the BC border.
On a side note. I was in Aruba a couple weeks back. Every night the horizon was lit up with tankers waiting in Aruba waters before their appointment to fill up at the oil terminal in Venezuela. They will not venture into Venezuela waters until it is time for their appointment at the terminal. I guess they are scared of pirates, etc.
To: woodbutcher1963
Pirates like nationalizing Commie bus driver Dicktaters too, I’d guess.
9
posted on
04/20/2015 6:42:48 AM PDT
by
Paladin2
(Ive given up on aphostrophys and spell chek on my current device...)
To: dila813
$5 billion. That’s a lot of toidy paper.
10
posted on
04/20/2015 7:48:30 AM PDT
by
HotHunt
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