Title : Russia And China Continue To Prop Up The Maduro Madness In Venezuela
link : Russia And China Continue To Prop Up The Maduro Madness In Venezuela
Russia And China Continue To Prop Up The Maduro Madness In Venezuela
President Xi Jinping met with President Nicolás Maduro of Venezuela at the Great Hall of the People
Rick Manning, Real Clear Energy: Venezuela, China, Russia – Oh My
The world is a complicated place.
Most people don’t associate the devastation of the Venezuela by communist leader Nicolas Maduro with China, yet Venezuelan oil lies at the heart of China’s interests and as a result, they have been propping up the murderous South American leader.
Shockingly, Venezuela has the largest known reserves of oil in the world, and in 1950 had the fourth largest Gross Domestic Product in the world and second highest GDP per capita. Venezuela’s economy was six times the size of China, and as late as 1982, they were still the largest GDP in South America. However, by 2017 Venezuela’s per capita GDP had shrunk back to levels last seen at the turn of the century, and they continue to shrink in spite of its impressive oil reserves.
In a couple of decades, the country has receded from relative affluence to scenes of desperate people eating their pets to stay alive, as Maduro’s repressive communist regime continues to destroy all capital investment in the country. With their eye on both Venezuela’s oil riches and the ability to project short-and medium range missile threats to the United States from the Caribbean country, China and Russia have been sending billions of dollars to prop up the Maduro madness.
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WNU Editor: People forget but this is where Venezuela was just a few decades ago ....
.... Venezuela has the largest known reserves of oil in the world, and in 1950 had the fourth largest Gross Domestic Product in the world and second highest GDP per capita. Venezuela’s economy was six times the size of China, and as late as 1982, they were still the largest GDP in South America. However, by 2017 Venezuela’s per capita GDP had shrunk back to levels last seen at the turn of the century, and they continue to shrink in spite of its impressive oil reserves.
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