This is South America we're talking about. Which economy there is unfucked right now? Given the fact they are under the harshest sanctions by the US, Maduro isn't doing too bad actually.
BRICS & New World Order Thread
- Thread starter Strangelove
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You're getting the cause and the effect reversed here. Venezuela's economy got fucked precisely because the US sanctioned the shit out of them in order to advance their efforts for regime change.
The US basically stole Venezuela's refineries in the US Gulf Coast. Those refined most of Venezuela's oil.
They also stopped providing parts, consumables, and repair services to the refinery in Venezuela proper. Not to mention the Venezuelan power grid and basically everything else.
Venezuela's inflation has actually come down recently.
Venezuela's oil production has also increased.
Argentina is still at like 272% inflation rate. Like double before Milei went in.
They also stopped providing parts, consumables, and repair services to the refinery in Venezuela proper. Not to mention the Venezuelan power grid and basically everything else.
Venezuela's inflation has actually come down recently.
Venezuela's oil production has also increased.
Argentina is still at like 272% inflation rate. Like double before Milei went in.
Sanctions without international reach don't work. China can prove this, it's a lazy excuse.
But I wasn't aware of the data here, which goes a long way explaining that Maduro is indeed fixing things, gradually.
So perhaps this is the best possible candidate, because I don't know any other south American leaders that are walking the path of unfucking their countries.
China and Venezuela are on entirely different ends of the spectrum as far as their level of dependence on the US just prior to the start of sanctions. China is definitely not proof that sanctions without global buy-in do not work. China is only proof that you need to be big enough, strong enough, rich enough, and have enough of your own scientific/engineering brainpower to be resilient in the face of sanctions. If the US were to sanction Canada, UK, Australia, or New Zealand without global buy-in, they would crash even faster and harder than Venezuela.
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If west hate him, he is definitely doing good things for the country. Only a good person would resist obvious choice of aligning western oligarch, instead putting a lot of hard work for country for potentially a bullet in the head as 'reward'.
Nah, bro, I don't think that Maduro is siphoning his country's official last wealth reserves to China like this lmao (gold will skyrocket in the future as opposed to that US virtual currency), as Milei is doing for the Westoids (and asserts BRITISH sovereignty over Falklands).
Compared to Maduro who is willing to fight for every inch even for some territory in Guyana that is questionable whether VNZ has much claim on at all. Yeah, so both are doing badly economically, but I guess that at least Maduro isn't a traitor instead he is a Giga-Chad.
Although, I do believe that there are people in VNZ who don't give a damn about his anti-imperial stance, and blame him for the economy instead of the actual neo-colonial culprits, there are people like that in every country, some kind of Stockholm Syndrome I guess.
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When will the brics currency be launched?
Sanctions can't stop countries from trading, but it makes Venezuelan commodities uncompetitive. Venezuela relies on oil exports, so this is actually a big deal.