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What ridiculous propaganda. This is the cost of depending an entire country's budget not only on one single commodity export, but on highly optimistic predictio
by krisdol 11y ago
What ridiculous propaganda. This is the cost of depending an entire country's budget not only on one single commodity export, but on highly optimistic predictions of that commodity's future price. Commodities go through major boom and bust cycles and all countries depending on oil are feeling the bust right now, regardless of political leanings.
- sremani 11y agoPeople in Venezuela were standing in lines infront of empty stores as early as 2013 (if not earlier) when Oil was well well above $70.
- fiatjaf 11y agoIn 2011 there were already many shortages everywhere. Including the famous toilet paper.
- specialist 11y agoPretty sure Venezuela's problems (political, economic, social) pre-date 2013.
- tptacek 11y agoWhat are some other companies that have used massive currency dilution and capital controls to avoid the impact of oil prices?
- unprepare 11y agoWho in the US political sphere is promoting those policies?