It was reported that the financial giant Goldman Sachs bought $2.8 billion in bonds issued by Venezuela’s oil company, PDVSA, at 30 cents to the dollar. The bonds are due to mature in 5 years, and while on a strictly financial level appear to be a cheap investment, in reality the purchase lends breathing room to Venezuela’s collapsing socialist regime.
More on the questionable nature of propping up Maduro now in exchange for the long term cost to the people of Venezuela Here
They call that the misery index in Venezuela.
Rest assured the socialist elite are doing well.
GS should stick to loaning to conservative presidential candidates and leave my friends the Chavistas alone.
But the American economy will collapse if the American taxpayers don’t save Venezuela’s regime! Little old lesbians will starve! In America! It’s been years since America had to face such a financial calamity! You people without dual economics and jurisprudence degrees have no idea how horrible it will be for you! If you don’t pay us off!
I wonder how many homes Maduro owns. I’ll bet it’s more than three. Bernie must be quite jealous.
http://www.miamiherald.com/news/nation-world/world/americas/venezuela/article153316524.html
Maduro is pushing for a “constitutional assembly” to overhaul the 1999 constitution. ‘El Presidente’ for life is almost certainly on that menu.
Venezuala is a beautiful Country,and if they could just go free market Tourism would heal them !
Sad(man) Sachs