by Summary:
It doesn't take a crystal ball to see where this is going. The conventional wisdom reinforced institutionally is that Venezuela is "bankrupt." Even though the bolivar is nominally pegged to the dollar, Venezuela is potentially a currency sovereign and has huge energy reserves. When the ruble was under attack, Russia floated the currency. Venezuela can make that choice, too. So the claim that Venezuela is "running out of money," or becoming "insolvent" is bogus.The obvious (neoliberal, neo-imperialist, neocolonialist) solution is to effect regime change to "save the Venezuelan people from a heartless dictator," which is an aim of economic sanctions, and then privatize Venezuela's resources, selling them off chiefly to US interests to "get money" to repair Venezuela's "broken" balance
Topics:
Mike Norman considers the following as important: Credit Rating Agencies, Moody's, Venezuela
This could be interesting, too:
It doesn't take a crystal ball to see where this is going. The conventional wisdom reinforced institutionally is that Venezuela is "bankrupt." Even though the bolivar is nominally pegged to the dollar, Venezuela is potentially a currency sovereign and has huge energy reserves. When the ruble was under attack, Russia floated the currency. Venezuela can make that choice, too. So the claim that Venezuela is "running out of money," or becoming "insolvent" is bogus.It doesn't take a crystal ball to see where this is going. The conventional wisdom reinforced institutionally is that Venezuela is "bankrupt." Even though the bolivar is nominally pegged to the dollar, Venezuela is potentially a currency sovereign and has huge energy reserves. When the ruble was under attack, Russia floated the currency. Venezuela can make that choice, too. So the claim that Venezuela is "running out of money," or becoming "insolvent" is bogus.The obvious (neoliberal, neo-imperialist, neocolonialist) solution is to effect regime change to "save the Venezuelan people from a heartless dictator," which is an aim of economic sanctions, and then privatize Venezuela's resources, selling them off chiefly to US interests to "get money" to repair Venezuela's "broken" balance
Topics:
Mike Norman considers the following as important: Credit Rating Agencies, Moody's, Venezuela
This could be interesting, too:
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The obvious (neoliberal, neo-imperialist, neocolonialist) solution is to effect regime change to "save the Venezuelan people from a heartless dictator," which is an aim of economic sanctions, and then privatize Venezuela's resources, selling them off chiefly to US interests to "get money" to repair Venezuela's "broken" balance sheet.
Oil Price
Moody’s Pegs Venezuela in “Deeper Phase” Of Financial Insolvency
Zainab Calcuttawala