Thursday, November 16, 2017

The Russian White Knight

If anyone could save Venezuela, we could not imagine it being Russia.  As it turns out, Russia is restructuring the debt of $3.2 Billion to offer more favorable terms to keep them from defaulting on their debt.  This allows one more breath for the country which owes the world $142 Billion.  Russia and China have put a lot of money into Venezuela as a friend a long way from home.  China gets oil in return, Russia not so much.  Both get political support in our hemisphere, being scooped up at a fairly fast pace in the years of past Presidents.  Maybe nobody pays attention to South America, but the two allies sure have been.

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