Venezuela: We can't pay our debts anymore
forgot password / register

reset password




#housing #investing #politics #random more»
778,921 comments by 11,525 users, 2 online now: bob2356, BorderPatrol
new post
« prev   politics


Venezuela: We can't pay our debts anymore

By Strategist following x   2017 Nov 4, 9:46am 97 views   2 comments   watch   quote     share
#politics Venezuelan President Nicolas Maduro finally admitted his government can't afford to pay all of its mounting bills.
Maduro said in a televised speech Thursday that Venezuela and its state-run oil company, PDVSA, will seek to restructure their debt payments.
The oil company made a $1.1 billion payment on Thursday, he said, a sizable amount for a country with only $10 billion left in the bank. "But after this payment, starting today, I decree a refinancing and a restructuring of the external debt," Maduro told the country.
Venezuela is already deep into a humanitarian crisis, with people suffering from food and medical shortages. Many can't afford to buy basic items because prices are skyrocketing faster than wages. The country's currency, the bolivar, is worth less than a tenth of a U.S. penny.
1 APOCALYPSEFUCK_is_ADORABLE   ignore (5)   2017 Nov 4, 9:52am   ↑ like (0)   ↓ dislike (0)     quote        

This is exactly why AMERICA! should seize Venezuela and use the Social Security trust fund to turn it into a hunting park for billionaires who want to fly around shooting at people.
2 Strategist   ignore (0)   2017 Nov 4, 9:53am   ↑ like (1)   ↓ dislike (0)     quote        

Another socialist dictatorship bites the dust. It's amazing how a country with the world's largest oil reserves becomes such a basket case, and yet many think it's the USA that is going down the tubes.

Comment as anon_be5da or log in at top of page:

users   about   suggestions   source code   contact  
topics   best comments   comment jail   old posts by year  
10 reasons it's a terrible time to buy  
8 groups who lie about the housing market  
37 bogus arguments about housing  
get a free bumper sticker:

top   bottom   home