John Bolton’s Plan to Starve Millions of Venezuelans into Submission
NOVANEWS
By Kurt Nimmo
Global Research
It is true that some of Venezuela’s economic problems are due to the ineptitudes of the Bolivarian government’s “socialist command” economy, but this overlooks the role played by the United States, the United Nations, and the European Union.
Over the last five years, the US has imposed financial sanctions on Venezuela. It has cut it off from western financial markets and this has resulted in oil production shortfalls. Venezuela is unable to raise capital to address deficiencies in the oil sector of its economy. This situation was exacerbated when the price of petroleum fell sharply around the world. Venezuelan debt instruments are banned by the US Treasury, thus preventing it from acquiring loans to address its severe economic problems and...