To: grania
The First Oil-Exporting Casualty Of The Crude Carnage: VenezuelaBut what best shows that for Venezuela it is essentially game over, is that as the chart below shows, Venezuelas international reserves declined $1.3 billion in the week after President Nicolas Maduro transfered $4 billion of Chinese loans to the central bank. In other words, the scrambling oil exporter was forced to burn one third of its Chinese bail-out loan to keep itself solvent. The countrys reserves dropped to $22.2 billion today, according to central bank data.
12 posted on
11/29/2014 7:02:48 AM PST by
blam
(Jeff Sessions For President)
To: blam
I hope Maduro still has his bus drivers license. He'll need to find some means of support after he is kicked out of office.
43 posted on
11/29/2014 7:36:49 AM PST by
Cowboy Bob
(They are called "Liberals" because the word "parasite" was already taken.)
To: blam
The First Oil-Exporting Casualty Of The Crude Carnage: Venezuela
Couldn’t happen to a better govt
64 posted on
11/29/2014 7:57:14 AM PST by
CPT Clay
(Follow me on Twitter @Clay N TX)
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