Skip to comments.
Venezuela’s Maduro Heads To China In Search Of Funding
The Daily Caller ^
| 09/13/2018
| Joseph Lafave
Posted on 09/13/2018 1:38:29 PM PDT by detective
click here to read article
Navigation: use the links below to view more comments.
first 1-20, 21-29 next last
China has already provided Venezuela with around $50 billion in financing over the last decade, according to Voice of America. The OPEC country repaid its debt to China with oil, which, according to Reuters, gave China a reliable flow of energy and helped establish its presence in South America. As Venezuelas economy began to collapse and oil output fell, China pulled out of the deal. Three years later, however, experts believe that China is ready to invest in the socialist country again.
Reuters reports that China is prepared to offer Maduro a $5 billion loan, but is waiting until the socialist leader announces a series of economic measures, including a steep devaluation and more flexible currency controls.
1
posted on
09/13/2018 1:38:29 PM PDT
by
detective
To: detective
A coup while Maduro’s away.
To: detective
The borrower is slave to the lender...........Proverbs 22:7
3
posted on
09/13/2018 1:43:14 PM PDT
by
Red Badger
(July 2018 - the month the world learns the TRUTH......Q Anon.......Timelines change. Aug 16)
To: All
I hope his plane crashes...
4
posted on
09/13/2018 1:44:49 PM PDT
by
MplsSteve
To: detective
China isn’t liable to throw good money after bad, public statements aside. Not even sure that Venezuela could repay with more oil, given that the country’s oil infrastructure is also crumbling.
Then again, that might just be where Chinese investment goes this time...
To: freedom1st
A coup while Maduros away. Surely he's skimmed enough by now to slink off to a villa in Switzerland to enjoy retirement.
6
posted on
09/13/2018 1:45:47 PM PDT
by
Pearls Before Swine
("It's always a party when you're eating the seed corn.")
To: detective
He’s going to sell his country to the RED CHINESE and pocket the cash.
7
posted on
09/13/2018 1:47:12 PM PDT
by
5th MEB
(Progressives in the open; --- FIRE FOR EFFECT!!)
To: detective
When does Venezuela start liquidating assets?
8
posted on
09/13/2018 1:48:53 PM PDT
by
Nachoman
(Following victory, its best to reload.)
To: MplsSteve
But I’d feel bad for the crew.
9
posted on
09/13/2018 1:49:07 PM PDT
by
GunsareOK
To: detective
“China has already provided Venezuela with around $50 billion in financing over the last decade, according to Voice of America. The OPEC country repaid its debt to China with oil,”
Russia owns 49% of Citgo, and a judge recently ruled that their creditors can sue to seize their assets in the US. Will we see China suing a Venezuelan/Russian company in an American court? Interesting times.
10
posted on
09/13/2018 1:50:53 PM PDT
by
Hugin
To: detective
Every penny China puts in their under the Maduro regime is going to be lost when the Chavistas eventually are thrown out.
11
posted on
09/13/2018 1:51:08 PM PDT
by
PGR88
To: detective
Maduro is looking for protection and is at risk of an internal coup.
12
posted on
09/13/2018 1:52:50 PM PDT
by
SpaceBar
To: detective
No brainer!! China will own this commie thug dictator and then it will totally occupy his country.
To: detective
China will be glad to offer loans. China is bankrupting much of Africa with its lending largesse and will be happy to foreclose on Venezuela’s oil industry when Venezuela defaults.
14
posted on
09/13/2018 2:01:14 PM PDT
by
arthurus
(upoiu)
To: detective
Maduro will manage to sell all rights to Venezuelan oil for a few eggrolls and some fried rice.
15
posted on
09/13/2018 2:05:47 PM PDT
by
KyCats
To: SleeperCatcher
The ChiComs will require him to mortgage the entire oil industry and will foreclose (quietly) when he defaults.
16
posted on
09/13/2018 2:10:29 PM PDT
by
BenLurkin
(The above is not a statement of fact. It is either satire or opinion. Or both.)
To: PGR88
[Every penny China puts in their under the Maduro regime is going to be lost when the Chavistas eventually are thrown out.]
I think they will lose their money regardless of who’s in power. During the Cold War, we subsidized anti-Communist states to some extent, but they were generally economically self-sufficient because they weren’t socialist states. Even the Russians’ subsidy amounts for their client states were limited because their governments were fairly honest. Whereas every one of China’s welfare case client states is not just a socialist state, but a kleptocracy as well.
17
posted on
09/13/2018 2:12:00 PM PDT
by
Zhang Fei
(They can have my pitbull when they pry his cold dead jaws off my ass.)
To: BenLurkin
[The ChiComs will require him to mortgage the entire oil industry and will foreclose (quietly) when he defaults.]
They lack the means to foreclose - a navy that can defeat the USN. Even if they had the means, extended guerrilla war with training and material support from Venezuela’s neighbors would raise the cost beyond the amounts owed. Debt repudiation is a Latin American tradition, and no amount of Chinese bluster will change that.
18
posted on
09/13/2018 2:16:25 PM PDT
by
Zhang Fei
(They can have my pitbull when they pry his cold dead jaws off my ass.)
To: PGR88
Every penny China puts in their under the Maduro regime is going to be lost when the Chavistas eventually are thrown out.
/
/
The new regime will maintain good relationship with China. Venezuela needs China, the largest oil consumer, regardless the ideology affiliation of the government.
19
posted on
09/13/2018 2:23:07 PM PDT
by
granada
To: Zhang Fei
Navy not required. All perfectly legal. Ownership would transfer to a Chinese corporation. No muss no fuss.
20
posted on
09/13/2018 2:29:29 PM PDT
by
BenLurkin
(The above is not a statement of fact. It is either satire or opinion. Or both.)
Navigation: use the links below to view more comments.
first 1-20, 21-29 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson